Inflation

INFLATION BURNINGS: The RBI came up with another round of old fashioned rate hike to control inflation. We have already witnessed 7 rate hikes within 2010-2011 to control the food inflation. Every time we find RBI using words related to control the devil of inflation by compensating growth, but this time their was a twist [...] Full Article

The world's major central banks are about to break ranks. Since the financial crisis entered its worst phase in late 2008, monetary policy has moved in the same direction across all advanced economies. On Thursday, the European Central Bank looks all but certain to become the first to shift interest rates higher as it tries to tame rising inflation. The ECB, the Bank of Japan and the Bank of England all conclude policy-setting meetings that day, and they will probably re.. Full Article

With day-to-day living turning costlier, companies have raised salaries to as high as 40 per cent especially at the junior levels, say experts. In recent times, inflation has been at high levels due to soaring prices of essential commodities. "Inflation has affected the salary hikes towards the higher side," executive search firm GlobalHunt's director Sunil Goel said. Full Article

The government may raise the income tax exemption limit in the upcoming Budget to provide some relief to the taxpayer from inflation, Goldman Sachs said today. "Income tax relief can be provided to lower income brackets to compensate for inflation. This could take the form of raising the tax exemption limit from the current Rs 1.6 lakh," it said in a report. Full Article

Finance Minister Pranab Mukherjee today said steps have been taken to tame inflation but the government has no magic lamp to bring it down immediately. "You cannot expect that there is any magic wand or like Alladin's magic lamp that you rub it and Full Article

Tax payers can expect some relief from high inflation in Budget 2011-12 as the government may raise the income tax exemption limit for individuals. Finance Minister Pranab Mukherjee is alive to the price situation and its impact on the common man," s Full Article

Finance Minister Pranab Mukherjee today said high inflation and uncertain global environment are main concerns faced by the Indian economy , but exuded confidence that the government would tackle them. "Though, there are some immediate concerns for e Full Article

Union Finance Minister Shri Pranab Mukherjee has asked State Governments to urgently look into the supply management of items that are driving the current round of food inflation in the economy, in particular looking at the local factors that are wid Full Article