RBI: DOMESTIC GROWTH STRONG DESPITE INFLATION
The Business Guardian|October 22, 2024
After two months below target, inflation surged in September due to food prices, while festival spending strengthens in smaller towns.
NEW DELHI
RBI: DOMESTIC GROWTH STRONG DESPITE INFLATION
India's growth outlook is supported by robust domestic engines, in spite of geopolitical tensions, asserted the RBI's monthly bulletin published on Monday.

Some high-frequency indicators have, however, shown a slackening of momentum in the second quarter of 2024-25 partly attributable to idiosyncratic factors like unusually heavy rains in August and September.

Looking ahead, RBI said private investment is showing some encouraging signs while consumption spending is shaping up for a festival season revival.

“After remaining below target for two consecutive months, inflation surged in September, as an adverse statistical base effect was compounded by a resurgence in food price momentum,” RBI bulletin read.

This story is from the October 22, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 22, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE BUSINESS GUARDIANView All
Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP
The Business Guardian

Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP

Fitness influencers, Rohit Dalal and Akshay Dilawari, known for their work in the sports and fitness industry, joined the Aam Aadmi Party (AAP) on Thursday.

time-read
1 min  |
December 27, 2024
AAP Keeps Giving Strange Statements to Be in News: BJP
The Business Guardian

AAP Keeps Giving Strange Statements to Be in News: BJP

After the Aam Admi Party (AAP) accused Congress of \"speaking the BJP language\", Bharatiya Janata Party MP Sudhanshu Trivedi on Thursday took a dig at the AAP, saying that they make such strange statements to remain in the news, adding that their statement is an admission of their defeat in the Delhi elections.

time-read
1 min  |
December 27, 2024
Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses
The Business Guardian

Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses

The Delhi unit of Congress claims that the fear of losing the upcoming assembly elections is now haunting Arvind Kejriwal.

time-read
1 min  |
December 27, 2024
The Business Guardian

NDMC Passes Resolution Condemning Delhi Govt's Schemes

The New Delhi Municipal Corporation (NDMC) on Thursday passed a resolution condemning the AAP-led Delhi government's 'Mukhya Mantri Mahila Samman Yojna' and 'Sanjeevani Yojna'.

time-read
1 min  |
December 27, 2024
Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme
The Business Guardian

Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme

Congress's complaint comes a day after a couple of departments under the Delhi government clarified there is no such scheme and distanced themselves from AAP's promises.

time-read
1 min  |
December 27, 2024
CASH FOR VOTES: AAP MOVES TO ED
The Business Guardian

CASH FOR VOTES: AAP MOVES TO ED

Sanjay Singh lodged a complaint with ED against Parvesh Verma, Manjinder Singh Sirsa for allegedly distributing cash to voters.

time-read
2 mins  |
December 27, 2024
Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]
The Business Guardian

Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]

The Kerala High Court in the case xxx v State and Another observed and has dismissed the petition filed by a victim of POCSO offence to quash the proceedings saying that serious offences are involved and the trial had reached at the end stage.

time-read
1 min  |
December 27, 2024
Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In
The Business Guardian

Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In

Adding to it, the court stated that when there being a conflict between the provisions of two special enactments, it is trite that the provisions of the latter of the two enactments will prevail and since the POCSO Act is a subsequent enactment, therefore, its provisions will prevail over the SC/ST Act.

time-read
3 mins  |
December 27, 2024
Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women
The Business Guardian

Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women

The Madras High Court in the case Rangarajan Narasimhan v State of Tamil Nadu observed and has granted bail to temple activist Rangarajan Narasimham for allegedly making derogatory comments against a woman on social media.

time-read
1 min  |
December 27, 2024
Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act
The Business Guardian

Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act

The Other party opposed the application which being on the ground that the dispute as evident from the petitioner's notice seeking the appointment of an Arbitrator regards to infringement of copyright which is non-arbitrable.

time-read
1 min  |
December 27, 2024