Central Government lifts ban on basmati rice exports
On Saturday, restrictions on basmati rice exports were eased by the central government. The motive behind the initiative is to curb inflation in domestic markets.
Fed Lowers Interest Rates by Half-Point, Marking a Major Shift in Economic Policy
The Federal Reserve cut its benchmark interest rate on Wednesday by an unusually large half-point, a sharp turn after more than two years of high rates that helped tame inflation…
Inflation Rate Rises in the Retail and Food bracket: Stays Within RBI Target
The retail inflation in India creeped up to 3.65% for the month of August, slightly higher in comparison to the 3.6% increase in July. Although there is a steady rise,…
Gold shines bright in India, prices soar amid inflation and global tension
India's gold prices climbed substantially on Wednesday and the data analysis done by FXStreet calculated the price, on average, at 6,359.17 Indian Rupees (INR) per gram as compared to 6,345.91…
Fitch Maintains India’s FY24 Growth Prediction at 6.3%, Highlights Concerns About Inflation
Fitch Ratings has maintained its growth forecast for India's current fiscal year at 6.3 percent, citing the nation's remarkable economic resilience, despite the imposition of tighter monetary policies and a…
“Don’t eat onions for 2-4 months if you cannot afford it:” Maha Minister on Rising Onion Prices
Amidst protests by farmers and traders against the government's decision to impose an export duty of 40% on onions, Maharashtra Minister Dada Bhuse said that it would not make any…
Stagflation rests low while prices rise in India
According to a bulletin from the Reserve Bank of India (RBI) on Aug. 17, despite a significant surge in prices, the risk of stagflation—a situation characterised by sluggish growth and…
About 5 tonnes of tomatoes imported from Nepal in transit; to be sold in UP on August 17 at a subsidised rate: NCCF
The National Cooperative Consumers' Federation of India Ltd (NCCF) has contracted for the import of 10 tonnes of tomatoes from Nepal.
Burger King follows Mcdonald’s and Subway in eliminating tomatoes from its burgers and wraps
Burger King dropped tomatoes from their wraps and burgers in numerous Indian branches after tomato prices exceeded twofold. This is the latest sign of the escalating food inflation that is…