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Inflation impact on the salaried class, economy, and investors

​​In March 2022, retail inflation soared to 6.95%.  The Consumer Price Index is way above the RBI’s inflation target of 4% (+-2%).  However, Mint analyses the inflation impact on the salaried class, economy, and investors.  Inflation numbers in 2022 Compared to a 6.07% inflation in February 2022, it soared to 6.95% in March 2022.  The […]

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Three reasons the economy could slow down unexpectedly

The 2020 recession generated the highest inflation since the 1970s.  However, the 2020 recession was the shortest.  Furthermore, the recovery was the fastest since the 19080s.  As the economy reopens amid disruptions caused by the pandemic, the next phase of the economy could slow down unexpectedly.  What are the three reasons that could slow down […]

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FinMin: India struggles with slow growth and high inflation

Presently, India struggles with slow growth and high inflation.  On Thursday, the finance ministry said in its Monthly Economic Review that the Russia-Ukraine crisis presents a twin challenge to the Indian economy.  Furthermore, the ministry informed that the government sought affordable options to procure crude oil.  In January, the Economic Survey predicted the Indian economy […]

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RBI plays it cautious, repo rates unchanged

Despite inflation edging higher in the aftermath of the Russia-Ukraine war and surging oil prices, the RBI has again decided to keep the repo rates unchanged at 4% and reverse repo rate at 3.35%. This is the eleventh consecutive time that the RBI maintained status quo amid the current uncertainties and the global economy also […]

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India’s biggest cookie manufacturer to hike prices by 7%

Britannia Industries Ltd., India’s biggest cookie manufacturer, will hike prices by 7% this year.  Amid the Ukraine crisis, the soaring prices are a sign of inflationary pressures that hurt below-par consumers.  The Russia-Ukraine war has led to severe shortages in food supply chains.  The Russian invasion has also caused turbulence in global consumer firms.  However, […]

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SFB increased RD interest rates for 2-year recurring deposits

One of the most refined SFB increased a 7.5% RD interest rate over 2-year recurring deposits.  Moreover, this SFB has provided an extra .5% RD interest rate for senior citizens. Perhaps, their decision to increase the RD interest rates might help lower the inflation rate.   After all, the small saving schemes are nowhere close to […]

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Increased prices result in slow consumption in rural markets

Increased goods prices in rural markets have resulted in low consumption.  NielsenIQ, research, and analytics firm flagged signs of moderate demand in rural markets for two consecutive quarters.  The September quarter (2021) report depicted a 2.9% y-o-y volume dip in consumption.  Furthermore, the December quarter portrayed a 2.6% y-o-y slip in packaged consumer goods volume.  […]

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The 4th Quarter saw a 1.7% surge in the U.S. Economy

The Commerce Division on Thursday introduced that the U.S. economy surged by 1.7% in the 4th quarter. Despite the pandemic and severe inflation, the financial growth soared to 5.7% — deemed the most important since 1984.  A surge in the U.S. Economy The Commerce Division said, “primarily mirrored a rise in companies, led by well-being […]

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Fed Powell says, “we will raise interest rates if we have to”

Federal Reserve Chair Jerome Powell testifies in a confirmation hearing before Congress. Powell says, “we will raise interest rates if we have to.” The confirmation hearing is in light of Powell running the Fed for a second four-year term. Fed Powell suggests raising interest rates to tackle high inflation Former President Trump nominated fed Powell […]

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World Bank expects the Indian economy to grow at 8.3%

World Bank has estimated an 8.3% growth in the Indian economy in FY22 and 8.7% in FY23. Compared to India’s immediate neighbours, the Indian economy rate is more vigorous.  Indian Economy Grows at 8.3% in FY22 The Global Economic Prospects report expects the Indian economy to grow at 8.3%. The forecast also predicts for FY […]

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