Inflation | Zee News

Inflation News

31 Jan 2023

IMF Projects Indian Econ to Grow 6.1 % in 2023; Global Growth to Dip by 2.9 %

IMF on Tuesday expects India's growth rate to decline from 6.1 % in 2023 from 6.8% in 2022. The forecast of low growth in 2023 reflects the rise in central bank rates to fight inflation -- especially in advanced economies -- as well as the war in Ukraine. Nevertheless, global growth projected for 2023 and 2024 is below the historical (2000-19) annual average of 3.8 per cent.

31 Jan 2023

Budget 23 Should Focus on Falling Imports, Impact of Slowdown: Chidambaram

P Chidambaram on Monday says budget should focus on addressing issues like the impact of the global slowdown on economic growth, and falling exports. He further says that it must also focus on increase in the current account deficit (CAD) and mounting total government debt. The Union budget is scheduled to be tabled on February 1.

25 Jan 2023

Every one in four Indians surveyed Worried about threat of job layoff: Survey

Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation. Three out of four people are worried about the rising inflation and want the government to introduce decisive measures to tackle the same. This is relatively higher in the affluent (32 per cent ), older 36-55 year-olds (30 per cent) and salaried classes (30 per cent).

15 Jan 2023

India's retail inflation is expected to come down to 5% by March: SBI research

India`s retail inflation rate is expected to remain below RBI`s comfort zone of 6 per cent and will decline materially to 5 per cent by March 2023. For January-March 2023, the average retail inflation is seen at 4.7 per cent. Retail inflation during the month of December was at 5.72 per cent: Govt data.

05 Jan 2023

'Your priorities are my priorities': Rishi Sunak vows to halve UK's inflation

In a speech, Indian-origin UK PM Rishi Sunak promised to halve UK's inflation and reduce illegal migration.

01 Jan 2023

RBI survey for price movements, inflation assessment launched

RBI launches inflation expectations survey of households. It will be conducted in 19 cities. It aims to capture subjective assessments of price movements and inflation, based on individual consumption baskets.

30 Dec 2022

Rupee ends as worst-performing Asian currency in 2022: Report

Indian rupee ended 2022 as worst-performing currency with a fall of 10.14%. It had seen the biggest annual decline since 2013. The rupee was also a victim of a rally in oil prices sparked by Russia-Ukraine conflict.

AAP national council meet

18 Dec 2022

National security, inflation and unemployment key issues discussed in AAP meet

One of the primary issues that were discussed in the meeting was national security and face-off with China. Gopal Rai said that if there is one thing people across the country are fed up of, it's inflation.

25 Nov 2022

India's Inflation may ease to RBI's tolerance level of 6% in coming months: FM

India's inflation is likely to ease in the coming months, partly due to fall in commodity prices: Finance Ministry. India's annual retail inflation has remained above the central bank's tolerance limit of 2% to 6% since January. The finance ministry has also said that a global slowdown may dampen the country's exports businesses outlook.

15 Nov 2022

DNA: Why are big companies laying off employees?

According to a New York Times report, the biggest e-commerce company Amazon is about to lay off employees on a large scale. In the name of cost cutting, they are preparing to fire about 11,000 employees. This will be the biggest layoff ever in Amazon's history.

Reserve Bank of India

13 Nov 2022

Inflation above 6 percent would be detrimental to India's growth: RBI Governor

RBI said that inflation above 6 per cent would be detrimental to India's growth. RBI is required to ensure that retail inflation remains at 4 per cent with a margin of 2 per cent on either side. RBI Governor Shaktikanta Das said there was no need to change the inflation target.

Himachal election

12 Nov 2022

Know What Election Issues Will Be Considered By Public During Himachal Voting

Himachal Pradesh Election Voting is being held for 68 seats today. Around 55 voters will reach their to vote. There are many important election issues in Himachal like unemployment, and inflation. Know what election issues will be considered by Himachal people during voting.

digital transformation

08 Nov 2022

Digital transformation may get slower due to inflation, rising costs: Report

About 58 per cent healthcare industry professionals globally believe that digital transformation initiatives would be slowed down. Digital transformation involves the implementation of emerging technologies. Inflation and costs pressures may force companies to scale back focus and investment in digitalization projects.

Home loans interest

08 Nov 2022

Rising interest rate unlikely to severely affect asset qty of home loans: ICRA

A rising interest rate scenario presents a dilemma for housing finance companies (HFC)s. Mortgage lenders normally increase the EMIs while keeping tenures constant or do it vice-versa. Lenders usually extend the tenure first to keep the borrower's monthly debt burden in check.

Bank of England warns recession

04 Nov 2022

UK economy may fall into the longest recession in 100 years: Bank of England

UK risked being plunged into the longest recession in 100 years. BoE makes historical interest rate hike to 3% since 1989 due to weak economic cues. The UK economy faces a "very challenging outlook".

04 Nov 2022

RBI holds meeting to draft response to Centre on failure to check inflation

According to a statement issued by the central bank, the MPC's meeting was held "to discuss and draft the report to be sent to the Government by the RBI under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016".

Bank of England Interest Rate

03 Nov 2022

Bank of England makes the historic interest hike to 3%, its biggest since 1989

The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989. Britain has already entered a recession that could potentially last two years. Just before Thursday's policy decision, markets expected rates to peak at around 4.75%.

01 Nov 2022

Should you invest in property during high inflation? Check what experts say

Experts say that investment in real estate can beat inflation in long term Industry experts claim that despite 140bps hike, home loan rates remain lucrative Real estate experts said that Indian real estate at the crest of a multi-year bull phase

31 Oct 2022

Unseasonal rains affecting Kharif crops, to impact food inflation: Report

On the out-of-turn MPC meeting, SBI Research report said it is only a part of the regulatory obligation and it does not foresee any other agenda to be announced at the meeting, even as it is scheduled a day after the US Fed`s meet on November 2.

30 Oct 2022

RBI will submit report to Govt on failure to keep inflation below 6 per cent

RBI will submit failure report to Govt first time since the implementation of law. RBI needs to submit if it fails to keep the inflation below six per cent for 3 consecutive quarters. The RBI has been aggressively raising the key interest rate since May in a bid to contain inflation.

Loading...