Income Tax : CBDT has notified Cost Inflation Index (CII) from 1981-82 to 2023-24. Find out the Meaning & Index of CII and its use for computin...
Finance : Understand how inflation erodes purchasing power, affects savings & investments, and discover tactics to mitigate its impact on pe...
Finance : Discover hidden impact of taxation and inflation on fixed deposits in India. Learn how to calculate real return on investment and ...
Income Tax : Understanding the impact of inflation on income taxes. Discover how hidden tax hikes can occur due to fixed tax brackets and deduc...
Finance : It kind of feels like everything is expensive these days, right? Petrol prices, fruits and vegetable prices, grocery bills, etc. I...
Finance : Consumer price inflation in India went through three phases in 2022. A rising phase up to April 2022 when it crested at 7.8 per ce...
Fema / RBI : South Asia is most vulnerable to food inflation, given the large segment of our populations battling poverty. Moreover, this is a ...
Finance : Central Government, in consultation with RBI, has fixed the inflation target for the period beginning from the date of publication...
Corporate Law : The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook....
Income Tax : Vehicle owners will have to pay more towards insurance for their vehicles as the enhanced motor insurance rates has come into effe...
Fema / RBI : Sub-section (iv) of the Section 193 of the Income Tax Act, 1961 stipulates that no tax shall be deducted from any interest payable...
Custom Duty : All the Custom duty Notification including Tariff and Non Tariff issued by Custom department in respect of budget proposals/provis...
Income Tax : Central Government, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the Financial Year ...
Central Bank of India chief S Sridhar today said the industry’s non-performing assets (NPAs) are likely to increase, as some smaller companies that borrowed during the low rates regime would find it difficult to service their loans due to the hike in rates.
The Reserve Bank should keep its key rates high not just to fight inflation, but also to prevent the formation of asset bubbles, a top economist from Standard Chartered said today. I think the RBI needs to make sure that the monetary policy is tight not just to address the immediate inflation challenge but (also) to prevent bubbles and inflation problems being seen in the future, the bank’s Chief Economist and Group Head of Global Research , Gerard Lyons, told reporters here.
States are important stakeholders in inflation management as their contribution is important in addressing the supply side constraints. They could, for instance, help better management of public distribution system, improve productivity in agriculture and allied activities, reform the Agriculture Produce Marketing Committee (APMC) Acts and improve the infrastructure, such as, storage facilities, Dr. D. Subbarao, Governor, Reserve Bank of India, told the State Finance Secretaries today while inaugurating a conference held in Mumbai.
Reserve Bank Governor Duvvuri Subbarao today said April inflation at 8.66% was too high and stressed upon the central bank’s resolve to batten it down to a comfortable level, indicating that he will continue with the hawkish monetary stance.
Union Finance Minister Shri Pranab Mukherjee has welcomed the substantial decline in core inflation from 9.19 per cent in March 2011 to 7.97 per cent, along with drop in inflation for food articles from 9.47 per cent in March to 8.71 per cent in April 2011. Beside it, the Finance Minister said that there is decline in year-on-year overall inflation to 8.66 per cent from 9.04 per cent in March 2011.
The Union Finance Minister Shri Pranab Mukherjee said that there are three major challenges before us today. The Finance Minister said that the first major challenge is how to bring entire society especially the poor and vulnerable section of society in the ambit of development process so that everyone shares fruits of benefit of growth and development. Shri Mukherjee said that the second major challenge is to achieve sustained GDP growth at the rate of 9 to 10 percent with fiscal prudence and moderate inflation.
he Reserve Bank has given its assessment of inflation in the May 3 Monetary Policy Statement. There are three important issues. First, inflation was the primary macroeconomic concern throughout 2010-11, especially the resurgence in the last quarter of 2010-11. Although the trigger for the jump during January-March 2011 was the sharp uptrend in international commodity prices, the fact that these were quickly passing through into the entire range of domestic manufactured goods indicated that pricing power is significant. In other words, demand has been strong enough to allow significant pass-through of input price increases.
Inflation is expected come down to 7.78 per cent this month on the back of a good monsoon and an increase in the area under rabi crops, the Institute of Economic Growth said in a report. In June, inflation is likely to further come down to 7.38 per cent, it said. Headline inflation for March stood at 8.98 per cent. Inflation in the country has been above 8 per cent since February, 2010.
Concerned about high inflation that in March overshot its 8 per cent target, the Reserve Bank has said it would address the issue in its monetary policy review, scheduled for May 3. “RBI will evaluate the underlying inflationary pressures on the monetary policy…Inflation is a concern for us. The underlying inflationary pressure is because of high non-food manufacturing prices,” RBI deputy governor Shyamala Gopinath said on the sidelines of a workshop on FEMA here yesterday.
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 […]
