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Declining inflation, surging economic indicators reflect India’s recovery picking up pace: Nirmala Sitharaman

Union finance minister Nirmala Sitharaman on Tuesday said that the drop in inflation and a surge in high–frequency indicators are reflecting the gathering momentum of recovery from the impact of the COVID-19 pandemic. “Retail inflation has once again dropped in August to a four-month low. Along with this, other high-frequency indicators are also picking up,...

RBI monetary policy: Interest rates unchanged; FY22 GDP growth projection at 9.6%

New Delhi: The Monetary Policy Committee (MPC) of the Reserve Bank of India kept the interest rates unchanged even as it kept its stance “accommodative”. While the repo rate has been retained at 4 per cent, while the reverse repo rate stands at 3.35 per cent. The lending rates have remained unchanged for last six...

Sachin Pilot slams Centre over rising inflation in India

Congress leader Sachin Pilot on Wednesday slammed the Centre over the growing inflation in the country. The Rajasthan MLA accused the Centre of not taking sufficient measures to arrest the rise in prices of goods and services affecting people. Notably, the Rajasthan Congress is holding protests against the Centre from July 7 to 17 over...

Priyanka Gandhi Vadra Slams Govt for Rising Inflation, Says ‘BJP has Picked Pockets of Poor’

Congress has been constantly targeting the government over Citizenship Amendment Act and inflation. At the same time, due to the rise in prices of food products and fuel, retail inflation has reached a five-year high in December. With which Priyanka Gandhi has accused the central government of picked pockets of poor and kicking on the...