-The Telegraph India Meteorological Department has predicted 33 per cent probability of normal rainfall and 16 per cent probability of above normal rainfall Monsoon rains this year are likely to be well distributed with most parts of India expected to receive normal or above normal rainfall, the national weather agency said on Tuesday, predicting rainfall quantum to be 103 per cent of the long-period average. The India Meteorological Department (IMD) predicted that the...

-PTI/ The Telegraph 'In the backdrop of Ukraine war, global inflation projected to increase to 6.7% in 2022 with sharp rises in food and energy prices' As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private...

-The Telegraph Rising prices have now come to confront central banks globally, particularly after Russia’s invasion of Ukraine Mumbai: The RBI has brought inflation control to the forefront of its agenda. Pilloried for going soft on prices, the central bank sharply raised the inflation forecast for the year and warned it would withdraw its accommodative stance if inflation strayed too far away from the target. The RBI has been prioritising growth over inflation for...

-Scroll.in Warming up to Russia may help as Growth Forecasts have been cut and fuel prices are rising but could sabotage the tightrope New Delhi is walking with the West. The Reserve Bank of India’s Monetary Policy Committee meeting will kick off on April 6. Much has happened on the politico-economic landscape since the central bank last met and spoke. For starters, growth targets are seeing some salami-slicing of their own. On...

-The Telegraph The RBI’s inflation analysis goes against the grain The budget for 2022-23 was saluted for its growth push despite the record gap in revenues and expenditures: Rs 15 trillion would be borrowed to fill these. This, however, did not hold back the stock market from touching the sky, nor commentary greeting the raised capex to draw in private investments, create jobs, and support demand. Days later, the euphoria subsided as...