-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component...

-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it...

-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...

-The Hindu The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. In India, though, government agencies regularly announce that the country is growing at a much faster rate than most economies and presently assert that inflation is much lower. The growth performance is not so...

-The Telegraph Unlike 2013, the pressure on the rupee will endure This month, the rupee’s weakening trend has occupied our attention. Media reports have relentlessly focused on its fall to a ‘lifetime-low’ on a daily frequency. The authorities, on their part, have centred on measures to ease the mounting pressures up on the currency. Memory of the 2013‘taper tantrum’ is fresh in minds and has spurred a series of actions to prevent...