Indian Economy
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Retail inflation falls to four-month low of 4.87% in October
The price rise indicator was 5.02% in September, 6.83% in August and 7.44% in July.
Scroll Staff
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Core sector output drops to four-month low of 8.1% in September
Only fertiliser sector showed an increase in growth production at 4.2% in September from 1.8% in August.
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Wholesale inflation climbs to six-month high of -0.26% in September
The deflation has been attributed to a fall in prices of chemical and chemical products, mineral oils, textiles, basic metals and food products.
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Trending
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What does the summary expulsion of an Opposition MP say about Parliamentary democracy in India?
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A new book examines the ‘jali’ – from 17th-century Mughal architecture to modern designs
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‘No data’ and other tactics: How the government is dodging RTI queries on health pacts with Big Tech
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‘The Sikh Next Door’: A rich study of a complex community as it grows in space, time, representation
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‘The Muslim Secular’: This book argues that Muslims contribute equally to Indian secularism
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Retail inflation eases to three-month low of 5.02% in September
Food inflation, which accounts for nearly half of the overall consumer price basket, moderated to 6.56% compared with 9.94% in August.
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India’s forex reserves fall to four-month low of $593.037 billion
Gold reserves decreased by $384 million to $44.00 billion at the end of the last week.
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JPMorgan to include Indian government bonds in its emerging markets index
Chief Economic Advisor V Anantha Nageswaran said that the decision shows that financial market participants have confidence about India’s growth prospects.
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Video
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Caught on camera: Mobile tower collapses in Bengaluru, bringing down building on which it stood
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‘At top of the very good boy list’: King Charles gets Santa’s approval ahead of Christmas
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Watch: Actors Emily Blunt, Anne Hathaway reminisce about working together in ‘The Devil Wears Prada’
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Caught on CCTV: Close shave for shoppers as speeding SUV crashes through glass doors of UK store
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Watch: This Mumbai police station has turned into a home for street dogs thanks to a senior officer
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Household savings fell to nearly five-decade low in 2022-’23, shows RBI data
Annual financial liabilities of households increased by 5.8% of the gross domestic product, as against 3.8% in 2021-’22, as per the data.
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Retail inflation eases to 6.83% in August from 7.44% in July
This is the second consecutive month when the price rise indicator has remained above the tolerance band of the Reserve Bank of India.
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India ‘covering up reality’ of GDP numbers, claims Princeton economist Ashoka Mody
If more well-rounded numbers are taken into account, the country’s growth rate for the first quarter of 2023-’24 would come to 4.5% instead of 7.8%, he said.
Scroll Staff
The Reel
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In Ken Loach’s ‘The Old Oak’, a solidarity that transcends differences
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In animated film ‘The Siren’, a reminder that ‘democracy and peace are never eternal’
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‘Mast Mein Rehne Ka’ review: A cheerfully meandering comedy
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‘Kadak Singh’ review: A soft look at deception
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‘Joram’ review: Man-on-the-run thriller stumbles to its destination
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Indian rupee hits all-time low of 83.14 against US dollar
Market analysts attributed the decline in the currency to the rising US dollar and elevated crude oil prices.
Scroll Staff
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Moody’s raises India’s growth projection to 6.7% from 5.5% for 2023
The credit ratings agency, however, lowered the Gross Domestic Product forecast to 6.1% from 6.5% pegged earlier.
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Moody’s retains stable outlook on Indian economy, but says Manipur violence a concern
The agency mentioned the curtailment of civil society and political dissent among the risk factors for the country.
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The Field
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Live
WPL 2024 auction: Bidding for 165 domestic and international players to get underway soon
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Pro Kabaddi League: Naveen helps Dabang Delhi beat Bengaluru Bulls; Puneri Paltan thump U Mumba
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Watch, highlights ISL 2023-24: Mumbai City FC thump Bengaluru FC 4-0 to climb into top four
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Badminton, Guwahati Masters Super 100: Bansod, Ponnappa/Crasto enter semi-finals
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Hockey: Savita to lead 22-member Indian women’s team in 5 Nations Tournament