-Business Standard External storms are morphing into hurricanes. India is in a relatively better position than many other countries, but this period of heightened volatility will require agility and clarity on policy Despite recovering from the pandemic, repeated global shocks have presented numerous challenges for India’s Economy this year, driving inflation and evoking balance of payments (BoP) pressures. These shocks will likely persist for much longer. In the US, even amidst signs of...
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Bullish on the India story, but banks not helping: MSME sector -K Sunil Thomas
-TheWeek.in Demand funding to recover from pandemic shock Indian businesses are bullish on the Economy and India’s growth story, but could do with some help from the banking system. This was the message Indian businesses, especially those from the medium and small scale industries sector, have for the establishment. “When it comes to cost of capital, our banks have not done enough,” said Saket Dalmia, the new president of the PHD Chamber of...
More »Inflation accelerates to 7.41%, highest since April -Vikas Dhoot
-The Hindu September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from the Reserve Bank of India India’s retail inflation accelerated to 7.41% in September from 7% in August, with food price inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office (NSO) said on Wednesday. At 7.41%, September’s retail inflation level is...
More »High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian Economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
More »Fodder price rise: Cattle numbers in western UP fall due to runaway inflation -Sunil Kashyap
-CaravanMagazine.in Not far from Delhi, within the northern capital region, lies a significant part of western Uttar Pradesh. At one time, nearly all rural households in this region were engaged in animal husbandry. Rearing cattle is how most of the area’s women made money—while the men often worked in farms or migrated to urban areas for employment, the women stayed at home. Their day began with washing and feeding the cattle....
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