Free Press Journal
  • RBI likely to maintain status quo on Tuesday

    “RBI is likely to maintain status quo this time. Although there is consistency in inflation numbers, the last numbers do not give much comfort,”   -A senior banker (more…)

  • Govt to soon nominate 3 members to monetary panel

    New Delhi:  The Finance Ministry is in the process of nominating three independent directors to Monetary Policy Committee (MPC) which will fix the benchmark interest rate of the RBI and set inflation targets.

  • inflation

    India’s wholesale inflation stays in negative for 17th month

    New Delhi: As prices of pulses continued to remain firm, India’s annual wholesale inflation rose a tad to (-)0.85 percent for March from (-)0.91 percent in the month before, while remaining in the negative zone for the 17th straight month, official data showed on Monday.

  • RBI

    Pay hike to stoke inflation, push up GDP: RBI report

    Mumbai: The 7th Pay Commission implementation will put an upward pressure of 1-1.5 per cent on inflation, but is expected to boost GDP by around 40 bps during the current fiscal, RBI said in a report today. At the same time, the central bank remained confident of meeting its March 2017 retail inflation target of 5 per cent. “Assuming that the government implements the 7th Pay commission recommendations by the second quarter of 2016-17, CPI inflation could be, on average,

  • moody's

    Inflation could rise on bad monsoon currency decline Moodys

    New Delhi: Moody’s Investors Service today said the 0.25 per cent cut in the policy rate by RBI is in line with market expectations and cautioned that inflation could rise in the event of unfavourable monsoon and a sharp currency depreciation.

  • Inflation continues to stay on the deflationary course FICCI

    New Delhi: “WPI based inflation numbers released today indicate that inflation continues to stay on the deflationary course as the prices of manufactured products continue to remain subdued and are a reflection of the weak demand conditions that persist in the economy,” said President, FICCI, Harshavardhan Neotia.

  • Inflation in negative zone for 16th month, falls 0.91% in Feb

    New Delhi: Deflationary trend continued for the 16th month in a row as WPI inflation declined by 0.91 per cent in February, prompting India Inc to press for a rate cut by RBI to boost factory output, which has been contracting since November.

  • Inflation Down

    India’s wholesale inflation marginally down in January

    New Delhi: Seasonal softening in food prices and a sharp drop in fuel costs helped India’s annual wholesale rate of inflation decline marginally to (-)0.90 percent for January from (-)0.73 percent for the month before, official data showed on Monday.

  • Inflation cools to (-)0.9% in Jan as food prices ease

    New Delhi: Reversing four months of rising trend, WPI inflation fell to (-)0.9 per cent in January as food articles, mainly vegetables and pulses, turned cheaper. The Wholesale Price Index-based inflation was (-)0.73 per cent in December. In January 2015, it was (-)0.95 per cent.

  • Inflation Down

    RBI expects retail inflation to ease to 5% by March 2017

    Mumbai: Normal monsoon and subdued oil prices are expected to bring down retail inflation to around 5 per cent by the end of next fiscal, RBI Governor Raghuram Rajan said today. He also listed a number issues, including implementation of the Pay Commission’s recommendations for central government employees and movement in global commodity prices, which could build up inflationary pressures.

  • ‘India’s retail mkt has potential to touch $1,200 bn by 2020’

    New Delhi: India’s retail market has the potential to grow from USD 630 billion in 2015 to USD 1,100-1,200 billion in 2020 on the back of rising income levels and increased urbanisation, according to a Report. “The overall retail market has potential to grow from USD 630 billion in 2015 to USD 1,100-1,200 billion in 2020. Retail sector will reap the benefits of a large, young population adding to the workforce, 70 per

  • Sensex down

    Rising inflation swamps markets, Sensex closes 81 points down

    Mumbai: Diminishing hopes of an interest rate cut, coupled with caution over the third quarter results and thin volumes, depressed Indian equity markets during volatile trade on Thursday. Consequently, a barometer index provisionally closed the day’s trade down 81 points.

  • Factory output contracts, retail inflation is up

    New Delhi : Hopes of a revival in India’s manufacturing activity after a sharp spike in October were belied, with factory output actually registering a fall in the month after. To deal a further blow, the annual retail inflation also crept up to 5.61 percent in December, according to official figures.

  • Inflation under check in 2015; Kitchen staples beg to differ

    New Delhi : When it comes to inflation, the year 2015 has shown that the macroeconomic datapoints may not always show the real picture and the cases in point relate to quite a few kitchen staples such as potato, onions and pulses.

  • India’s official growth target cut, outlook on inflation better

    New Delhi: Cautioning that challenges remain in the Indian economy despite progress, the finance ministry has sharply cut its growth forecast for this fiscal to 7-7.5 percent from 8.1-8.5, but said inflation remained under control.

  • Oil price down

    Japanese firms’ inflation expectations drop amid lower oil prices

    Tokyo: Japanese firms expect inflation to rise at a rate less than predicted three months ago, in a sign that faith in the central bank’s reflationary efforts is waning, statistics from the Bank of Japan (BOJ) showed on Tuesday.

  • Raghuram Rajan

    RBI Governor Raghuram Rajan optimistic about passage of GST

    Washington: Optimistic about the passage of long pending GST bill in the Parliament, Reserve Bank of India Governor Raghuram Rajan has told American investors that continued focus on fiscal consolidation and inflation will mean they will reach their targeted goal.

  • Govt has no plans for inflation-linked DA to pensioners

    New Delhi: Government has no plans as yet to provide inflation-linked DA allowance to pensioners under EPS, Labour Minister Bandaru Dattatreya said in Parliament today. “There is no proposal under consideration at present for providing inflation-linked Dearness Allowance (DA) to pensioners of EPS, 1995,” Dattatreya said in a reply in the Lok Sabha.