-Livemint.com Direct handouts and fiscal rather than monetary action could help tide over the current shock and its potential after waves The Covid-19 pandemic is, above all, a human tragedy. The impact on the economy is at best second in the list of public policy concerns right now. Governments across the world have done well to sacrifice economic activity in an attempt to contain the spread of the virus. However, the economic...
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A rough patch
-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
More »Onions shouldn't hold up review of inflation target -Karan Bhasin
-Livemint.com With the term of the current Monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s inflation targeting framework. With the term of the current Monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the...
More »Retail inflation rises sharply to 7.35% in Dec 2019 from 5.54% in Nov
-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next Monetary policy review...
More »Retail inflation rose to 7.35% in December -- the highest since July 2014
-Scroll.in The figures breached the tolerance band of the Reserve Bank of India’s Monetary policy Committee Retail inflation rose to 7.35% in December from 5.54% the month before, government data showed on Monday. The rate of inflation exceeded the tolerance band of the Reserve Bank of India’s Monetary policy Committee, Bloomberg reported. At the current level, retail inflation is at its highest since July 2014. Inflation was pushed up by a rise in...
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