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GST rate on processed foods should be low or zero: CII

The rate of GST on processed foods should be kept low or at zero as the country cannot afford to have high taxes, with food inflation already over 6 percent, industry body CII on Wednesday said.

'Food prices may cool on kharif sowing; rate cut unlikely'

Experts and industry said kharif sowing trends indicate cooling of food inflation in the coming months, even as chances of a rate cut in the near-term are low, given the rise in WPI and retail inflation.

Wholesale inflation soars to 23-month high of 3.55% in July

Wholesale inflation soars to 23-month high of 3.55% in July

Wholesale price index-based inflation accelerated for the fourth straight month in July hitting 3.55 percent on costlier food and manufactured items.

Retail inflation hits 2-year high; rises to 6.07% in July, as against 5.77% in June

Retail inflation hits 2-year high; rises to 6.07% in July, as against 5.77% in June

Zee Media Bureau

New Delhi: India's retail inflation in the month of July spurted to 6 percent mark, the highest in 22 month as against 5.77 percent in June on the back of rising food prices.

July CPI pulses inflation stood at 27.53% versus 26.86% in June.

Price rise: Govt increases size of pulses buffer stock by 5 times to 8 lakh tonnes

Price rise: Govt increases size of pulses buffer stock by 5 times to 8 lakh tonnes

The government on Wednesday increased the size of the buffer stock of pulses by five times to 8 lakh tonnes for this year as it seeks to sell lentils at a cheaper rate to give relief to consumers.

 

Price rise: Govt looks to rein in dal prices through imports, buffer stock

Price rise: Govt looks to rein in dal prices through imports, buffer stock

With prices of pulses soaring to as high as Rs 170 per kg, the government on Wednesday decided to import lentils from Myanmar and Africa and beef up the buffer stocks to check the spike in rates.

 

Bad weather hit pulses output, rise in vegetable prices a seasonal effect: Ram Vilas Paswan

Bad weather hit pulses output, rise in vegetable prices a seasonal effect: Ram Vilas Paswan

Concerned over rising inflation, food and consumer affairs minister Ram Vilas Paswan on Wednesday said that from June to August tomato, potato prices always increase, but this is just temporary.

Tomatoes at Rs 80/Kg: Arun Jaitley to review food price situation today

Tomatoes at Rs 80/Kg: Arun Jaitley to review food price situation today

Concerned over food inflation, Finance Minister Arun Jaitley will review the situation on Wednesday and discuss steps to keep prices of essential commodities, including pulses, in check.

Retail inflation rises to 5.76% in May; rate cut hopes reduced

Retail inflation rises to 5.76% in May; rate cut hopes reduced

Retail inflation in May rose to 5.76 percent on account of dearer food articles such as vegetables and pulses.

WPI inflation turns positive after 17 months; 0.34% in April

WPI inflation turns positive after 17 months; 0.34% in April

The April Wholesale Price Index-based inflation stood at 0.34 percent higher than minus 0.85 percent in March.

 

Industry pitches for more rate cuts as WPI remains negative

With inflation continues to be in the negative zone, India Inc today pitched for further easing of policy rates during the current year by Reserve Bank.

Food inflation up even as WPI remains in negative zone for 17th month in a row

Food inflation up even as WPI remains in negative zone for 17th month in a row

Food inflation stood at 3.73 percent in March compared with 3.35 percent in February, showed official data released today.
 

WPI inflation at (-)0.73% in December, food prices harden

WPI inflation at (-)0.73% in December, food prices harden

For the 14th month in a row, wholesale prices fell in December but the rate of decline at 0.73 percent was the slowest in last one year as food prices shot up, indicating return of inflationary pressures ahead of RBI's monetary policy review.

Cooling inflation to fuel calls for lower interest rates

Cooling inflation to fuel calls for lower interest rates

With price pressures at record lows, expectations are building that the RBI will lower borrowing costs by at least 25 basis points (bps) at its next policy review on September 29, after three cuts earlier this year.

Onion prices at near two-year highs on weak monsoon rains

The price of onions, a staple that has sparked protests in the past and toppled state governments, has jumped to its highest in nearly two years and could fuel food inflation as scant rain delays plantings.

Food inflation not much correlated with monsoon: Study

Monsoon behaviour is not much related to higher prices of food items and inflation is expected to remain subdued this year despite good or bad monsoon, PHD Chamber said in the study.

More rate cuts unlikely this year, reforms the key: HSBC

More rate cuts unlikely this year, reforms the key: HSBC

The central bank is not likely to go for further easing this year as weak rains may have a tangible impact on food inflation and could directly impact rural household consumption, an HSBC report has said.

Retail inflation up at 5.01% in May against 4.87% in April

The Consumer Price Index (CPI) based inflation for May stood at 5.01 percent as against 4.87 percent in April.

Is govt prepared to tackle food inflation due to deficient rains?-Part 2

India’s Meteorological Department has forecast a second consecutive year of weak rainfall. How will the govt cope up with deficient rains and handle Inflation?

Is govt prepared to tackle food inflation due to deficient rains?

India’s Meteorological Department has forecast a second consecutive year of weak rainfall. How will the govt cope up with deficient rains and handle Inflation?