Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fourth month after remaining in the negative zone for the seventh straight month until October.
Addressing a press conference in Kalaburagi, he said, "There is no bigger satisfaction for a party or a government than keeping promises made to the people. These schemes are meant for the people and not meant for any elections. These schemes are meant to ease the burden of price rise and
Uncontrolled inflation in Pakistan is now becoming a matter of severe concern for the citizens in Pakistan, especially during the ongoing month of Ramzan.
Indian stock indices extended their gains from the previous to marginally rise at the opening bell Wednesday, tracking its US peers and a relative decline in retail inflation back home.
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categories except food.
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December.
According to the provisional figures provided by the NSO, the retail inflation, based on the Consumer Price Index (General), stood at 5.09 per cent in February 2024.
The inflation data--both for retail and wholesale--set to be released this week will be on investors' radar for fresh cues. Retail inflation data will be released later in the day today.
Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported.
According to the report, the country already records a two- to three-fold inflation in the prices of essential kitchen items, including vegetables, sugar, edible oil, ghee, meat, eggs, and pulses.
Comparing the times of the earlier Congress regime with that of the Narendra Modi government, Fadnavis said, "During UPA, inflation was in double digits which has come down to 5 per cent...FDI (Foreign Direct Investment) inflow was 36 billion dollars which has come to 85 billion dollars now.