-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...
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Why the National Population Register is more dangerous than the Assam NRC -Harsh Mander & Mohsin Alam Bhat
-Scroll.in The Assam NRC was not an anti-Muslim project. But an all-India NRC based on the NPR will allow the executive to pick whose citizenship it wishes to question. PRIme Minister Narendra Modi claimed to the people of India on Delhi’s historic Ramlila Grounds on December 22 that his government had never since 2014 even considered implementing a nation-wide National Indian Register of Citizens. But the NRC was part of the President’s...
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 »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 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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