A 10 per cent increase in crude oil prices, according to Nomura's estimates, may raise India's headline inflation by around 30 basis points (bps), add around 0.3 per cent of GDP to CAD
European stocks fell 0.4% and are nearly 5% below their August peak. UK stocks dropped 0.4%.
Currently, Kumar, a CPI leader, is a member of the National Executive Council, a top decision-making body of the party
The glide path should take inflation down to 5.7% in 2021-22; below 5% in 2022-23, and closer to 4% by 2023-24, said DG Patra
The August consumer price index inflation print came at 5.3 per cent, lower than the consensus of 5.6 per cent.
August CPI grows at slowest pace in six months; energy, financials retreat from early gains
Retail inflation had breached the RBI's target of 2-6 per cent in April as the Covid-induced lockdown impacted supply
Palm oil can be guaranteed to cause some degree of environmental degradation, wherever it is cultivated
The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth
Auto and financial stocks boosted Indian shares on Monday, ahead of the release of retail inflation data for June, with investors preparing for major corporate earnings due later in the week
Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude
The consumer price index increased 0.8 per cent from the prior month, reflecting gains in nearly every major category and a sign burgeoning demand is giving companies latitude to pass on higher costs
The second wave could increase risk for the banking system
Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability
Most experts say the numbers are worrisome and can dent the economic recovery going ahead. Here's how economists at leading brokerages and research houses have interpreted the numbers
The CPI on Sunday announced its list of candidates for six seats it is contesting in alliance with the DMK
The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels
Headline inflation has stayed above 6% for the past two quarters
The Communist Party of India (CPI) on Monday criticised the union budget, claiming it was pro-corporate and big businesses and has nothing for the poor.
A two-day meeting of the CPI's national council meeting to be held here would discuss preparations for the forthcoming Assembly elections in Kerala, West Bengal, Tamil Nadu, Puducherry and Assam.