Shaktikanta Das

Photo: The Economic Times

RBI Hikes Repo Rate By 50 Bps To Tame Inflation; Repo Rate At 5.40%

To tackle high inflation in the country, RBI's monetary policy committee has raised the repo rate by 50 bps, to 5.40%. Notably, the new repo rate is higher than that of pre-pandemic levels, which was 5.15%. Notably, demand in the economy is typically suppressed by increasing interest rates. The move "might have an immediate impact on home buying for short term," said… read-more

Fri, 05 Aug 2022 - 04:11 PM / by Shibu Immanuel S

Tags: RBI, Inflation, repo rate, Bank Rate, Shakti Kanta Das

Courtesy: ANI

Six Year OId Writes To PM Modi

Photo: Canvas

6 Year Old Girl's Letter To PM Modi About Price Rise Wins Netizen's Heart

Six-year-old Kriti Dubeyfrom UP wrote to PM Narendra Modi and shared about her hardships due to the price hike of general commodities. Dated on August 1, the letter written in Hindi read, "Modiji, you have caused immense price rise. Even my pencil and rubber (eraser) have got costlier and the price of Maggi has been increased, too." Dubey shared how her mother scolds her when she asks for pencils.

Mon, 01 Aug 2022 - 02:17 PM / by Varsha Joshi

Tags: Uttar Pradesh, Letter To PM Modi, Girl Child, Inflation, Maggie

Courtesy: Zee News India

Gold

Photo: Business Standard

Gold Demand Increases By 43% In April-June Quarter2

The Union minister said, India's gold demand went up by 43% during the April-June quarter, which stood at 170.7 tonnes, higher than the previous 119.6 tonnes. However, considering the inflation factors ahead, including Rupee-USD rates and policy measures consumer sentiments could be hurt, as prices could go up. Notably, India's gold demand increased by 54% during the second quarter to Rs 79,270 crore, compared to Rs 51,540 crores.

Thu, 28 Jul 2022 - 03:35 PM / by Varsha Joshi

Tags: union ministry, GOLD DEMAND, Gold Purchase, Inflation, INDIAN MARKET

Elon Musk, Jeff Bezos, Mark Zuckerberg

Photo: Legit.ng

Elon Musk, Zuckerberg, Bezos Among World Billionaires Who Lost Billions Due To Inflation In 1st Half Of 2022

Elon Musk, Mark Zuckerberg, Jeff Bezos, Bernard Arnault, and Changpeng Zhao are among a few worldwide billionaires that have lost billions in the first half of 2022. As per media reports, this is the billionaires' biggest six-month decline ever. The 500 richest people on earth have been impacted by this precipitous drop. The major cause of billionaires' diminishing wealth is that governments increased interest rates to counteract increasing… read-more

Sat, 02 Jul 2022 - 09:00 PM / by Vidhi Jhunjhunwala

Tags: Elon Musk, Jeff Bezos, Mark Zuckerberg, Billionaire, Inflation

Courtesy: DNA India

Wheat Farming

Photo: Kerala Kaumudi

To Curb The Rise In Domestic Prices, India Bans Wheat Exports

India has suspended wheat exports with immediate effect as part of its efforts to contain rising domestic prices. The decision to limit wheat exports comes after a massive crop loss in March due to a heatwave. Inflation, which reached 7.79 percent in April, is also putting pressure on the government. According to government sources, China is importing food grains from India after crop losses caused food insecurity there.

Sat, 14 May 2022 - 04:29 PM / by Vidhi Jhunjhunwala

Tags: India, Inflation, Wheat, heatwave, Export

Courtesy: NDTV

Rahul Gandhi

Photo: NDTV

Only Congress Governs For Middle-Class People, Says Rahul Gandhi

Congress leader Rahul Gandhi recently slammed the government over price hike, adding that it is only the Congress party that governs for poor and middle-class people. His remarks come just a day after the price for a cooking gas cylinder was hiked by fifty rupees, marking the second price hike in just a matter of a few days. He flagged struggles of the common man with inflation and unemployment.

Sun, 08 May 2022 - 10:45 PM / by Varun Das

Tags: Rahul Gandhi, Congress, Inflation, Price Hike, Opposition

Petrol Pump

Photo: Bloomberg

Centre Happy To Bring Fuel Under GST, If States Support: Hardeep Puri

Petroleum and Natural Gas Minister Hardeep Puri has said that the Central Government would be happy to bring petroleum and diesel under GST, but that the states are not willing. Puri insisted that the government is taking responsibility, and suggested that the states should also try, and cut down the value-added taxes on fuel. He also chalked up the oil price hike to the Russia-Ukraine conflict.

Sat, 30 Apr 2022 - 10:48 AM / by Varun Das

Tags: Fuel, Inflation, tax, GST, Centre

Courtesy: ANI

Indian Oil Petrol Bunk

Photo: Bloomberg

Centre 'Unlikely' To Agree For Tax Cut As Relief From Rising Fuel Prices: Experts

The Central Government is not mulling over any plans for tax cuts on fuel to provide relief from the sting of rising fuel prices, said experts. The issue of this global rise in fuel price was raised during a recent meeting between senior executives, finance and oil ministers, and others. A person privy to the discussion said that the Finance Ministry has turned down the proposal to cut the duty.

Thu, 14 Apr 2022 - 06:31 PM / by Varun Das

Tags: business, Inflation, fuel prices hike, tax cut, FINANCE MINISTRY

Courtesy: The Economic Times

Life Insurance Corporation of India

Photo: News18

LIC Likely To File Revised IPO Papers Soon

After a meeting slated for this week, the Life Insurance Corporation (LIC) board would finalize its results for the Fiscal Year 2022. The insurer is expected to file a revised public offer document this coming week and listing would be done by 12th May. Furthermore, the results, once approved, would be sent to the Insurance Regulatory and Development Authority of India (IRDAI), following which the revised document would be filed.

Wed, 13 Apr 2022 - 11:32 AM / by Varun Das

Tags: IPO, Life Insurance Corporation, Life insurance, business, Inflation

Courtesy: The Economic Times

Louis Vuitton Store

Photo: Louis Vuitton

Louis Vuitton To Increase Price Tags Globally On Leather, Perfumes & Accessories

Luxury fashion house Louis Vuitton has announced that the brand will be increasing its prices soon. In addition, the prices would rise due to an increase in manufacturing and transportation costs. While there is no news about the scale of the increase in prices, the hike will be made taking into account everything from production costs to raw materials. Notably, The brand would hike its prices up to 18%.

Thu, 17 Feb 2022 - 03:34 PM / by Shaloo Priya

Tags: Fashion & Lifestyle, Louis Vuitton, Hike, price tag, Inflation