Ad-H Ad-H

Inflation, rates may hit $114-billion firm debts: Standard and Poor’s

Credit profiles could deteriorate for up to $114 billion of debt in the books of Indian companies tackling rising interest rates and inflation, said Standard and Poor’s (S&P) on Tuesday. The deterioration in credit profile is, however, unlikely to lead to large-scale defaults even in a stress scenario due to buffers …

Read more

Inflation: Low growth, high inflation: World faces increasingly challenging global environment

Inflationary pressures in the US simmered down on the heels of cheaper gasoline and other fuel costs, which may help persuade the Federal Reserve to ease up a touch on the monetary policy brakes. In the UK, the economy shrank in the second quarter for the first time since Covid-19 lockdowns more than a year …

Read more

Retail Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC

With the price situation remaining at “unacceptably and uncomfortably” high level, members of the RBI’s Monetary Policy Committee underlined the need for preventing upward drift of inflation and bringing it down to the target band, as per minutes of its recent policy meeting. Reserve Bank Governor Shaktikanta Das said the policy …

Read more

MPC minutes suggest further repo rate hikes to tackle rising inflation

The minutes of the monetary policy committee (MPC) deliberation for the August monetary policy review indicated more interest rate hikes in the coming months as the retail inflation remained elevated, even as panel members noted that it may have peaked. The six-member monetary policy committee of the Reserve Bank of India (RBI) …

Read more

Finance ministry expects rural demand to recover as inflation softens

Rural demand in India, which was buffeted by the Covid-19 pandemic and then by high global inflation, is set to recover as prices come down and the southwest monsoon proves supportive to the sowing season, the finance ministry said in its latest monthly economic report (MER). “Kharif sowing supported by the …

Read more

Retail inflation likely to ease below 6% by March quarter, say analysts

MUMBAI (Reuters) – India’s headline retail inflation may ease below 6% by the fourth quarter of this financial year, bringing an end to the current cycle of rate hikes, analysts said over the weekend. Following the release of minutes from the central bank’s monetary policy committee on Friday, analysts said the …

Read more

Govt may consider wheat import as shortage, rising inflation worries loom

Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to consider grain imports. Even before Modi made his pledge, a record-breaking heat wave that started in March was threatening Indian wheat …

Read more

India’s retail inflation dips below 7% in July; IIP growth in double digits

Consumer prices in the country grew 6.71 per cent in July, compared to the year ago period. Although retail inflation remained higher than the upper tolerance limit of RBI’s target range of 2-6 per cent for a seventh straight month, it has dipped lower than 7 per cent for the first time in four …

Read more

The Inflation Reduction Act: Key Provisions Regarding the ITC and PTC | Blogs | Renewable Energy Outlook

Earlier today, the House of Representatives passed the Inflation Reduction Act of 2022 (the “Act”), which the Senate passed on August 7, 2022.  President Biden has indicated that he will sign the Act into law.  The Act substantially changes and expands existing federal income tax benefits for renewable energy, including the existing Section 45 production …

Read more

Cooling food prices pull inflation down to five-month low in July

India’s headline retail inflation for July came in at its lowest in five months, helped by easing global commodity prices and lower food prices domestically. Still, at 6.71 per cent, it was above the Monetary Policy Committee’s (MPC’s) medium-term target, thus justifying the recent monetary tightening by the Reserve Bank of India (RBI). …

Read more