The Congress leader further said the entire opposition decided to walk out, as the Prime Minister failed to speak on Manipur, wrestlers’ harassment, Chinese intrusions, national security and inflation.
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent – for the third time in a row, something most financial market experts had expected.
Sitharaman began her address in the Lok Sabha by emphasizing the global economic challenges, including high inflation and sluggish growth, that have posed significant hurdles for nations worldwide.
The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent, against 5.1 per cent it projected in its previous monetary policy meeting in June.
The official mouthpiece of Shiv Sena (UBT), 'Saamana', in an editorial took a dig at Prime Minister Narendra Modi and the central government over rising inflation.
The central government has decided that the Food Corporation of India (FCI) shall offload 50 lakh tonnes of wheat and 25 lakh tonnes of rice in the open market in a phased manner under, the Union food ministry said in a release on Wednesday.
US Federal Reserve Governor Michelle W Bowman has said an additional interest rate increase will likely be needed to get inflation on a path down to its 2 per cent target.
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News.
According to the rating agency’s report, food inflation in India, which accounts for a sizeable 39 per cent of the headline Consumer Price Index (CPI), is showing renewed signs of pressure.
Amid soaring prices and slumping economy, the inflation rate in Pakistan has increased by 3.46 per cent reaching 28.3 per cent in July, ARY News reported citing the Pakistan Bureau of Statistics (PBS).
The decision which hit airline shares and was witnessed as curbing foreign currency outflows, was one of two measures announced by the Banking Regulation and Supervision Agency (BDDK) on Monday.