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Reforms to aid growth; banking sector risks remain: Moody's

Reforms to aid growth; banking sector risks remain: Moody's

Moody's Investors Service on Monday said continued reforms to enhance business environment and moderate inflation will help India achieve robust growth but cautioned that rising contingent liability risks in the banking sector could affect its credit quality.

Inflation hits 23-month high of 3.55%, food items costlier

Inflation hits 23-month high of 3.55%, food items costlier

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WPI inflation hits 23-month high of 3.55%, food items costlier

WPI inflation hits 23-month high of 3.55%, food items costlier

Driven by costlier food items, WPI-based inflation soared to 23-month high of 3.55 percent in July, prompting demands for strong government action to address supply issues.

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.

Will keep inflation in check, stay away from populism: PM Narendra Modi

Will keep inflation in check, stay away from populism: PM Narendra Modi

Modi said his government has not allowed the rate of price rise to cross 6 percent as opposed to the double digit inflation during previous government.

'WPI inflation data, progress of monsoon rains to drive markets'

'WPI inflation data, progress of monsoon rains to drive markets'

Indian markets would take cues from wholesale inflation data, progress of monsoon rains and investment trend by overseas investors for further movement in a holiday-shortened week ahead, say experts.

PM Modi's Independence Day speech 2016: Key highlights

PM Modi's Independence Day speech 2016: Key highlights

In an impressive Independence Day speech from the ramparts of the Red Fort, PM Narendra Modi on Monday said accountability should be at the root of good governance. While concluding his speech, the PM attacked Pakistan for patronising terrorists and infiltrating terror into India. From inflation to women empowerment, the Prime Minister touched on all issues.

Modi backs new CPI target in Independence Day speech

Modi backs new CPI target in Independence Day speech

Prime Minister Narendra Modi gave his backing to a new inflation target in a major speech on Monday, saying his government had brought down consumer price growth from double digits under the last government.

 India must scale newer heights: PM Narendra Modi

India must scale newer heights: PM Narendra Modi

The energy in India must help it to scale newer heights of progress, Prime Minister Narendra Modi said on Monday.

''Vegetatable rates may soar as production season ends''

''Vegetatable rates may soar as production season ends''

Prices of vegetables in India`s retail markets are likely to go up further in the coming months with the peak production season coming to an end, industry chamber Assocham said on Sunday on the basis of a study it has conducted.

Vegetables may soar further as peak production season ends: Report

Vegetables may soar further as peak production season ends: Report

In a "most worrying" sign for consumers, the prices of vegetables in retail markets are likely to shoot up further in coming months as the 'peak production season' came to an end, says a report.

IIP growth dips 2.1%; retail inflation shoots up to 6.07%

IIP growth dips 2.1%; retail inflation shoots up to 6.07%

Raising concerns about cost of credit and pick up in economic activity, retail inflation soared to 23-month high of 6.07 percent in July on higher food prices, while factory output grew at a subdued rate of 2.1 percent in June.

7th Pay Commission recommendations may stoke inflation: Moody's

7th Pay Commission recommendations may stoke inflation: Moody's

Inflation will remain moderate in the near term aided by normal monsoon but implementation of the seventh Pay Commission award could stoke prices, Moody's Investors Service said.

Raghuram Rajan keeps rates intact; blasts banks for being stingy on cuts

Raghuram Rajan keeps rates intact; blasts banks for being stingy on cuts

In the third bi-monthly policy review of this fiscal, RBI kept the benchmark repurchase rate (at which RBI lends to the system) at 5-year low of 6.50 percent.

India Inc wants GST rate below 20% to keep inflation in check

India Inc wants GST rate below 20% to keep inflation in check

A large section of India Inc wants to keep the standard GST rate below 20 percent, and services like telecom, banking, healthcare and railways to be included in the 'merit' list to keep inflation in check.

Govt sets inflation target at 4% for 5 years, cementing Rajan legacy

Govt sets inflation target at 4% for 5 years, cementing Rajan legacy

Modi government on Friday formally implemented its central inflation target of 4 percent, an important confirmation of the inflation-fighting policies championed by Reserve Bank of India (RBI) Governor Raghuram Rajan, who steps down next month.

 

No impact on inflation even if GST rate is 18-20%: FinMin

No impact on inflation even if GST rate is 18-20%: FinMin

Finance Ministry on Thursday said that all efforts are being made to roll out GST from April 1, 2017, and allayed fears that it will have an impact on inflation even if the rate is kept at 20 percent.

RBI may go for status quo in Aug 9 meet: DBS

RBI may go for status quo in Aug 9 meet: DBS

RBI may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 percent and July-August prints may also stay high.

 Inflation to ease with monsoon impact on veggie prices: SBI

Inflation to ease with monsoon impact on veggie prices: SBI

SBI Chairperson Arundhati Bhattacharya on Monday said the progress of monsoon has been normal and inflation will cool down once the rainfall gets factored into the vegetable prices.

Rahul Gandhi targets PM Modi over the issue of Inflation in Lok Sabha

Rahul Gandhi targets PM Modi over the issue of Inflation in Lok Sabha. Watch complete news story of Fast 50 for getting detailed updates!