Tamil Nadu increases food subsidy to Rs 5,300 cr

Nicholas Colas, ConvergEX Group chief market strategist, predicts food inflation is here to stay for "at least the next

•China's CPI increased 2 percent year on year in February, down from 2.5 percent in January. • Food prices rose 2.7pct year on year, contributed to 0.9-percentage-point increase in Feb's CPI growth. •The ...

Moderating food prices are likely to have slowed inflation in India during February, giving the central bank some relief after it raised interest rates three times since September to dampen price pressures, a Reuters poll showed. Industrial ouput, ...

The current bout of inflation, which has been accompanied by high food inflation, is disturbing as it hurts the poor and the low-income strata of society the most, said Deepak Mohanty, Executive Director, Reserve Bank of India. While the major policy actions ...

Amid a debate over the consumer price index (CPI) becoming a target on inflation for the Reserve Bank of India (RBI)’s monetary policy, the incumbent inflation barometer — the wholesale price index (WPI) — would see a change in its structure. As if to make WPI relevant to the changed scenario, items which constitute core inflation would get more weight in WPI. Core inflation (relating to only non-food manufactured items) is generally expected to be a key factor for RBI to ...

Fix agriculture to target food inflation, create labour-intensive manufacturing to target the current account deficit, and fiscal restructuring can target the infrastructure deficit. The Indian economy is in trouble. India recently lost its traditional rank of the second fastest growing G20 economy to Indonesia. With major imbalances and a sharp decline in growth, the challenges facing it are daunting. However, it needs to be understood that these are quite different from those of other major ...

Food items contributed the highest share in overall price index at a whopping 35.7 per cent and are primarily responsible for spiralling inflation, said Care Ratings. Food grain inflation was driven by cereals including rice (5.7 per cent) and ...

Kenya National Bureau of Statistics attributes the decrease to reduced prices of food items fuel electricity and cooking gas. The inflation rate has slowed to 6.86 percent compared to last month's figure 7.21 percent. Kenya National Bureau of ...

El Nino condition usually causes drought in north-west and central India and heavy rainfall or floods in the north-eastern regions, said Crisil Research. Photo: HT Mumbai: India's economy may expand 5.2% in the year starting 1 April and inflation ...