It is used to measure inflation and indicates the cost of living for consumers. CPI is calculated by selecting a basket of goods and services that represent typical consumer purchases and tracking ...

NEW DELHI: The food inflation rate in India has remained firm over the past two years defying the global trend, and frequent extreme weather events are one of the reasons, the government said in ...

Monetary policy adjustments, including rate cuts, are likely to support economic stability and help the Reserve Bank of India maintain inflation within its target range.

The Union Budget presents an opportunity to recalibrate India's direct tax system to align with the current economic needs of middle-income taxpayers, factoring in inflation. The income tax ...

The Economic Survey 2024-25, tabled by Finance Minister Nirmala Sitharaman on Friday in the Lok Sabha, listed challenges that drove inflation rates in the current fiscal year. From global conflicts to ...

Inflation indicates the rise in price levels of all types of goods and services required for day-to-day use. It signifies the increase in the prices of goods and services that denotes a fall in the ...

The Reserve Bank of India pays interest on deposits at the reverse repo rate, whereas the repo rate is paid on loans to commercial banks. Inflation can be managed using the repo rate, while ...

Inflation affects everyone, including the economy and taxes. India's Income Tax Act has provisions ... liability by factoring in inflation. For example, budget announcements frequently raise ...

India’s inflation eased to 5.22% in December, the lowest since August 2024. Food price moderation and seasonal corrections drove the decline. Analysts predict the RBI cutting the interest rate ...

New Delhi: The food inflation rate in India has remained firm over the past two years defying the global trend, and frequent extreme weather events are one of the reasons, the government said in its ...