Consumer price inflation has crossed RBI's comfort zone of 4%, with upper and lower margins of 2%. In fact, such a sustained rise in inflation will, sooner or later, force RBI to increase interest rates in line with its global peers, affecting the nascent economic recovery. This also gives the FM less room to announce steps to boost demand. Any extra money in hands of the common man will further push inflation.
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
Union minister of commerce and industry argued that a $12 billion fund for research in India should not be equated with the same amount a company will invest in innovation in the US or Europe.
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
Union minister of commerce and industry argued that a $12 billion fund for research in India should not be equated with the same amount a company will invest in innovation in the US or Europe.
