Economy

During October, the headline consumer price index (CPI) significantly declined to 3.31%, in contrast to market consensus. This again raises a big question mark on Reserve Bank of India (RBI)’s inflation forecasting, says a research report.    In the report, State Bank of India (SBI)...
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Emphasising the need for independence in the central bank's functioning, Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Friday said the market can make the government pay for eroding the bank's independence.   Speaking at the A.D. Shroff Memorial Lecture in Mumbai, he...
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The Indian growth story has been far from perfect. That is not an understatement by any stretch of imagination. A growing challenge for the economy is the fast-evolving problem of inequality.   Most recently, James Crabtree in his latest book, "The Billionaire Raj", claims that "India...
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India's annual rate of inflation based on wholesale prices increased to 5.13 per cent in September from August's 4.53 per cent, official data showed here on Monday.   Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do...
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Global credit ratings, research and risk analysis firm Moody's Investors Service on Tuesday said the recent reduction in excise cuts on petrol and diesel will "create material downside risks" to the central government's fiscal deficit target.   According to a Moody's note, the excise...
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