April retail inflation at 7.79%, above RBI's tolerance band for fourth month
India's retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.
The retail inflation stayed well above the Reserve Bank of India's upper tolerance limit for a fourth consecutive month due to high fuel and food prices amidst war in Ukraine.
In March, the retail inflation was at 6.95 per cent.
Retail inflation tracked by the Consumer Price Index (CPI) measures the changes in prices from a retail market perspective.
Besides, industrial production grew 1.9 per cent in March and 11.3 per cent in fiscal year FY22, the data showed.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
States' Off-balance-sheet Borrowings May Have Reached a Decadal High of 4.5% of GSDP: Report
Moneylife Digital Team 04 May 2022
Off-balance-sheet borrowings of states are estimated to have reached a decadal high of about 4.5% of gross state domestic product (GSDP), or around Rs7.9 lakh crore, in fiscal 2022. That marks a rise of 100bps (basis points) from...
Why the Theory of Inflation Needs To Be Relooked into
Dr TV Gopalakrishnan 28 April 2022
"Many of the economic challenges we face today stem from the neglect of supply side policies over the past decade or more." Augustine Carstens (Times of India). 
At 14.55%, March Inflation Hits Four Months (High Business...
CRISIL's FC Index Drops below 'Zero' Indicating Tighter Financial Conditions in March
Moneylife Digital Team 19 April 2022
Reflecting the deterioration in domestic financial conditions, CRISIL Ratings' Financial Conditions Index (FCI) dropped below the zero mark in March, indicating that the economic conditions were tighter than in the previous month...
India's Policy Challenges To Hinder Net-zero Progress, Putting Onus on Private Cos: Moody's
IANS 19 April 2022
India's 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the transition,...
Free Helpline
Legal Credit