Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 22, Saturday 2018 1:43 AM       

       HEADLINES: ‘Global Salary Challenge for rebuilding Kerala’, CM seeks help from expats                                              Gas leak after tanker lorry overturns in Malappuram                                              SI transferred for charging case against CPM MLA                                              Harish Vasudevan mocks Kodiyeri                                              Left govt will not try to end protest of nuns, if they try, it should not be allowed: Saradakkutty                                              Shah accuses Rahul Gandhi of supporting 'urban Naxals'                                              Russia warns US it is 'playing with fire' with sanctions                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Kaumudi Facebook
       BUSINESS Next Article: RBI comes down heavily on MCLR, moots external benchmark  
       RBI ups inflation projection to 4.2-4.6% during second half
 
         Posted on :22:25:45 Oct 4, 2017
   
A A
       Last edited on:22:25:45 Oct 4, 2017
         Tags: RBI ups inflation projection to 4.2-4.6% duri
 
Mumbai: The Reserve Bank today raised its inflation projection to 4.2-4.6 per cent for the second half of the current fiscal due to firming global oil prices and uncertainty on kharif farm output.
 
RBI in its previous monetary policy in August had projected the Consumer Price Index (CPI) based retail to be in the range of 4-4.5 per cent during second half of 2017-18.
 
"The inflation path for the rest of 2017-18 is expected to be shaped by several factors," RBI said in its fourth bi- monthly monetary policy statement 2017-18 unveiled today.
 
While keeping the key lending rate unchanged, it said: "The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth." 
 
India's retail inflation had swelled to 5-month high of 3.36 per cent in August on the back of costlier vegetables and fruits.
 
The first advance estimates for kharif production poses some uncertainties; also, there are some price revisions pending the implementation of good and services tax (GST) taking place, RBI said.
 
There has been an increase in CPI inflation excluding food and fuel; and international crude prices which started rising from July have firmed up further in September, it said.
 
"Taking into account these factors, inflation is expected to rise from its current level and range between 4.2-4.6 per cent in the second half of this year, including the house rent allowance by the Centre," said the policy statement.
 
Reiterating its August policy, RBI said there are factors that continue to impart upside risks to this baseline inflation trajectory.
 
Farm loan waivers by states and states' implementation of salary and allowances are among these factors.
 
"...an increase of (salary by) states similar to that by the Centre could push up headline inflation by about 100 basis points above the baseline over 18-24 months," RBI said.
 
However adequate food stocks and effective supply management by government may keep food inflation more benign than assumed in the baseline, it said further.
A A
       BUSINESS
Next Article: RBI comes down heavily on MCLR, moots external benchmark
 
 
BUSINESS HEADLINES
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
Dena Bank surges 20%; BoB tumbles 14% post merger announcement  
Vijaya Bank, Dena Bank, BoB to merge: Govt  
Mother Dairy won't cut prices despite Patanjali's cheaper cow milk  
Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
Rupee pares gains, slips 7 paise against US dollar  
Bajaj Finserv rolls out exciting offers, lowest EMIs on all products  
Gadkari pitches for alternate fuels; says govt not against petrol, diesel  
 
Do you think the police are delaying the arrest of Bishop Franco due to Vatican Pope's interference?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy