The high cost of essential goods and services has strained household budgets, leaving many families unable to afford new clothes, gifts, and special Eid treats.
Indian stock indices started Tuesday's trade in the green and hit their fresh highs, extending positive momentum from gains from the previous session and last week, the first week of the new financial year that started on April 1.
Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa, but the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, ac
Indian stock indices started Monday's trade in the green and hit their fresh highs, extending positive momentum from gains it recorded in the first week of the new financial year that started on April 1.
This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns among central bankers, policymakers, and investors alike.
According to a report, this marks the 39th consecutive month of job growth, with the unemployment rate dropping to 3.8 percent from 3.9 percent in February.
Over the past two months, Meer and fellow demonstrators have been advocating for more affordable flour and electricity, recognising their critical importance amidst current inflationary pressures.
The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
"Looking ahead, robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4 per cent," RBI Governor said announcing the decisions of the first MPC of FY25.