Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
December 15, Friday 2017 11:33 PM       

       HEADLINES: Jisha murder: Will lose confidence of people if accused is shown mercy, says Court                                              Don’t execute solar report as it is: Govt gets legal advice                                              Don’t need any position in NDA even if offered: Thushar                                              Chalakkudi Rajeev murder: Adv Udayabhanu gets bail                                              Ockhi: Latin Catholic diocese plans to move court                                              Rajinikanth likely to meet fans soon                                              Swaraj grants medical visa to five Pak children                                              Sonia Gandhi says her 'role is to retire', Congress insists she will remain in politics                                              Amit Shah makes Rajya Sabha debut                                              Omarosa goes public with criticism after resignation                                              Kim Jong-un's top aide executed by N Korean death squad: Reports                                              Japan imposes additional sanctions against N Korea                                              Pak SC rejects petition to disqualify Imran Khan from Parliament                                              Dubai Open: Srikanth bows out, Sindhu advances                                              Fight Card announced for Vijender Singh's double title bout night                                              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
Axis Bank to launch 'Axis Start-up Social'  
E-Way bill on agenda for GST Council meeting  
Exit poll results, Sensex a 358-point lift  
Passengers could pay less for tickets: Piyush Goyal  
ATMs not to be replenished with cash after 9.00 pm: Govt  
WPI inflation up 0.7 pct in November 2017  
Jaitley urges greater thrust to MSME sector, infra creation  
IndiGo to start direct flights to Colombo  
Late buying lifts Sensex, exit polls take centre-stage  
Bajaj Finserv lowers home loan interest rates to 8.35 percent  
Big bet on SIPs: Mutual funds garner Rs 5,900 cr in Nov  
Retail inflation in Nov sees uptick to 4.88%  
Vodafone, Aviva Life Insurance offer mobility plan 'RED Protect'  
Airtel launches 4G services in Ladakh region  
Increase social security pension in budget: Experts to FM  
Sensex zooms 195 pts on strong global cues  
Air India seeks Rs. 1,100 cr loan to modify planes for VVIPs  
More participation of private enterprises needed in Aerospace sector  
ASSOCHAM calls for greater attention to agri sector  
Consumers yet to see reduced MRP stickers post GST rate cut  
Top 5 Fintech companies to look out for in 2018  
Govt hints at reviewing rates in top GST bracket  
Sensex soars 301 pts, reclaims 33,000-mark  
Sensex surges 246 pts, Nifty above 10,200  
'Korean companies keen on investing in Andhra Pradesh'  
 
Do you support Adv Aloor's criticism that judges in lower courts lack guts?
Yes
 
No
 
No opinion
 
 
 
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