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Negative signals: on falling inflation rates

Falling food prices will intensify rural distress; the solution is meaningful agricultural reform The days when inflation could topple governments appear to be gone. It is now time for the government to worry about falling prices, especially of food. Retail inflation dropped to a 17-month low of 2.33% in November, as compared to 3.31% in…

A valid pause: on RBI holding rates

While holding rates, the RBI has wisely stuck to its policy stance of ‘calibrated tightening’ The Reserve Bank of India’s decision to leave interest rates unchanged, given easing inflation and the slowdown in economic momentum, was both expected and reasonable. In fact, the RBI was prompted to sharply lower its projection for price gains after…

New data downgrades UPA years’ GDP growth rates

The Indian economy did not grow at a scorching pace during the UPA regime as it was earlier made out to be, a new set of national accounts data released on November 28 showed.NITI Aayog and the Central Statistics Office (CSO) released the 'back-series' of India's gross domestic product (GDP) data from 2005-06, using a…

Study links drug-resistant infections with higher mortality rates

In a recent study, researchers measured the burden of antibiotic resistance in low- or middle-income countries, and reported that in-hospital mortality is significantly higher among patients infected with multi-drug resistant (MDR) or extensively drug-resistant (XDR) pathogens. Researchers at the Center for Disease Dynamics, Economics and Policy analysed antimicrobial susceptibility testing results and mortality outcomes for…

Dhanteras 2018: Gold Price Above 31800; Silver Rates Follow Suit

Dhanteras: Experts recommend buying gold this dhanteras as it provides support against inflation.Gold prices traded in the green on the occasion of Dhanteras 2018. At 12:14 pm, gold price was at Rs 31,809 per 10 gram, up 0.19 per cent on the Multi Commodity Exchange (MCX). Silver prices followed suit after earlier trading in the…

Powell doctrine: on raising interest rates

U.S. Federal Reserve Chairman Jerome Powell’s speech last week at the conference for central bankers in Jackson Hole, Wyoming was a strong defence of the current gradual approach to raising interest rates. With the American economy growing at a strong pace, inflation being close to the Fed’s 2% target and unemployment at a 20-year low,…

Over 50 products cheaper as GST Council slashes rates

The Goods and Services Tax Council, at its 28th meeting on Saturday, reduced the rates on more than 50 products, including sanitary pads, small televisions, washing machines, and refrigerators. The council also simplified the return filing process for small businesses. While GST on sanitary pads was cut from 12% to zero, rakhis were exempted from…

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