aditi nayar

Experts believe that the RBI’s record surplus transfer will offer only partial support to the government’s strained fiscal position amid the continuing crisis in West Asia.

Retail inflation in India rose to 3.4% in March, driven by higher food and fuel prices. While core inflation remained subdued, economists anticipate further price increases in the coming months due to the West Asian crisis and potential impacts of heatwaves and monsoon forecasts on food prices.

The current account deficit (CAD) for the fourth quarter of FY22 came in at $13.4 billion, which works out to 1.5% of the GDP, lesser than expected by the market. On a sequential basis, the CAD declined from $22.2 billion, or 2.6% of GDP, in Q3FY22.The CAD for the full year was $38.

Mumbai, Feb 20 () Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 per cent in the December quarter from 6.9 per cent a year ago, and GDP growth will decline to 6.5 per cent from 7.2 per cent, said domestic rating agency Icra today.

Data released by the National Statistical Office (NSO) on Tuesday showed retail inflation, as measured by the consumer price index, slowed to 4.4% in September, lower than the 5.3% in August, providing headroom to the central bank to move on interest rates if the softness persists. The rate was at 7.3% in September 2020.

New Delhi, Mar 14 () Wholesale inflation soared to a 39-month high of 6.55 per cent in February and retail inflation inched up to 3.65 per cent due to rise in food and fuel prices, justifying the RBI's move to hold rates in last policy meet.

New Delhi, Feb 10 () Government's revenue collection from indirect tax grew by an impressive 23.9 per cent during the April-January period, while that from direct tax rose by 10.79 per cent. Total direct and indirect tax collections at the end of January stood at Rs 12.

Gross GST collections in October totalled Rs 1.3 lakh crore — the second highest receipts since the implementation of the tax reform measure in July 2017 — with economic recovery strengthening and compliance improving significantly.

Data released by the department for promotion of industry and internal trade (DPIIT) on Tuesday showed inflation, as measured by the wholesale price index (WPI), rose an annual 15.9% in May, higher than the 15.1% in April and above the 13.1% recorded in May 2021. This is the highest inflation in the new series (2011-12) and the highest since the 16% posted in September 1999.

Domestic rating agency Icra on Monday forecast a 2 per cent uptick in growth during the March FY21 quarter, and 3 per cent from the gross value-added perspective.

New Delhi, July 29 () ICRA today said RBI is unlikely to cut policy rates in its upcoming monetary policy review on August 9, but a 0.25 per cent cut is on cards in 2016. It said the central bank is expected to keep rates unchanged for now as CPI inflation at around 5.

Wholesale price-based inflation declined for the first time in nearly three years in April due to a high base and moderating prices of commodities. The development prompted economists to say that the RBI is likely to continue with its pause on interest rates.

Uptick in headline numbers of key economic indicators in April is due to the base effect and that the economy is headed into rough patch as consumer sentiment is down in the dumps due to the second wave of the pandemic, according to rating agency ICRA.

Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) rose an annual 7.1% in April, compared with an upwardly revised 2.2% in March. The sector had grown by 133.5% in April 2021 on the back of a very low base of 2020 when the Covid-19 induced lockdown had smothered economic activity and growth.

Food inflation remained stubborn in mid-February due to high prices of milk, egg, meat and fruits, prompting Prime Minister Manmohan Singh to say that the government remained committed to control inflation.