aditi nayar

Retail inflation in India rose to 3.4% in March, driven by higher food and fuel prices. While core inflation remained subdued, economists anticipate further price increases in the coming months due to the West Asian crisis and potential impacts of heatwaves and monsoon forecasts on food prices.

India's retail inflation climbed to 3.21% in February, primarily driven by a surge in food prices. While this rise is within the RBI's target, specific items like gold and silver saw price acceleration. Core inflation remained steady, suggesting underlying price trends are moderate. Experts anticipate potential upside risks from oil prices but view them as temporary.

Mumbai, Feb 20 () Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 per cent in the December quarter from 6.9 per cent a year ago, and GDP growth will decline to 6.5 per cent from 7.2 per cent, said domestic rating agency Icra today.

The current account deficit (CAD) for the fourth quarter of FY22 came in at $13.4 billion, which works out to 1.5% of the GDP, lesser than expected by the market. On a sequential basis, the CAD declined from $22.2 billion, or 2.6% of GDP, in Q3FY22.The CAD for the full year was $38.

Data released by the National Statistical Office (NSO) on Tuesday showed retail inflation, as measured by the consumer price index, slowed to 4.4% in September, lower than the 5.3% in August, providing headroom to the central bank to move on interest rates if the softness persists. The rate was at 7.3% in September 2020.

New Delhi, Mar 14 () Wholesale inflation soared to a 39-month high of 6.55 per cent in February and retail inflation inched up to 3.65 per cent due to rise in food and fuel prices, justifying the RBI's move to hold rates in last policy meet.

New Delhi, Feb 10 () Government's revenue collection from indirect tax grew by an impressive 23.9 per cent during the April-January period, while that from direct tax rose by 10.79 per cent. Total direct and indirect tax collections at the end of January stood at Rs 12.

Gross GST collections in October totalled Rs 1.3 lakh crore — the second highest receipts since the implementation of the tax reform measure in July 2017 — with economic recovery strengthening and compliance improving significantly.

Domestic rating agency Icra on Monday forecast a 2 per cent uptick in growth during the March FY21 quarter, and 3 per cent from the gross value-added perspective.