Page 38 - Latest Updates on Inflation
Sensex up 248 pts at 49,517; Nifty at 14,563; SBI, Airtel soar 4%, RIL 3%
Stock market updates: Nifty PSU Bank index surged over 6 per cent and was the top sectoral gainer
 "Sensex up 248 pts at 49,517; Nifty at 14,563; SBI, Airtel soar 4%, RIL 3%")
As inflation slows, RBI resumes monetary easing, defends policy framework
The price moderation couldn't come at a better time for central bank Governor Shaktikanta Das, with the inflation targeting mechanism that's been in place since 2016 coming up for review this year
 "As inflation slows, RBI resumes monetary easing, defends policy framework")
Peering into 2021
Macroeconomics in 2021 will turn on consumer demand and firm resolution
 "Peering into 2021")
Flexible inflation targeting: Fix the underlying first - it is broken
The RBI must push the government to put the periodical rebasing of the CPI into the inflation targeting agreement
 "Flexible inflation targeting: Fix the underlying first - it is broken")
Retail inflation for industrial workers eases to 5.27% in November
Retail inflation for industrial workers eased to 5.27 per cent in November compared to 5.91 per cent in October, mainly due to lower prices of certain food items
 "Retail inflation for industrial workers eases to 5.27% in November")
Yes, it's not broken
Govt and RBI should fix potential policy risks to inflation
If it ain't broke, don't fix it: RBI working paper on 4% inflation target
Working papers don't necessarily reflect RBI's views, but invariably end up doing just that. This paper, by H K Behera and Michael Patra, could be one such
 "If it ain't broke, don't fix it: RBI working paper on 4% inflation target")
Maintaining 4 per cent inflation appropriate for India: RBI paper
Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper.
 "Maintaining 4 per cent inflation appropriate for India: RBI paper")
Prices of TV and appliances likely to go up by around 10% from January
Prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors, while cost of plastic has also gone up due to rise in crude oil prices, said manufacturers
 "Prices of TV and appliances likely to go up by around 10% from January")
Economy recovering faster than expected, inflation needs to be tackled: RBI
The National Statistical Office's (NSO) end-November release showed that the Covid-19 pandemic imposed retrenchment of the first quarter was much shallower in the second quarter
 "Economy recovering faster than expected, inflation needs to be tackled: RBI")
Top factors that will shape trajectory of Indian markets in 2021
The top three Covid-19 vaccines that are currently awaiting the government's approval in India are: Pfizer and BioNTech, Oxford-AstraZeneca and Bharat Biotech's Covaxin
 "Top factors that will shape trajectory of Indian markets in 2021")
MPC members dive deep on low rates, excess liquidity and sticky inflation
These issues weren't discussed in such details in policy statement, or in post-policy press conference, even when the members seemingly unanimously voted to keep policy rate unchanged at 4%
 "MPC members dive deep on low rates, excess liquidity and sticky inflation")
Retail inflation for agricultural labourers eases to 6% in November
This was mainly due to lower prices of food items
 "Retail inflation for agricultural labourers eases to 6% in November")
India wants a V-shaped recovery at any cost. But what will RBI do?
How RBI manages recovery demand against threats to financial stability from cheap money may be a more important story for India investors in 2021 than the standard growth versus inflation trade-off
 "India wants a V-shaped recovery at any cost. But what will RBI do?")
The next hurdle
Governor Das has to take a call soon on unwinding stimulus
 "The next hurdle")
Retail inflation declines to 6.93% in Nov on softer food prices
Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October
 "Retail inflation declines to 6.93% in Nov on softer food prices")
India November WPI up at 1.55 over jump in prices of manufactured goods
The annual wholesale price index rose in November, mainly because of an increase in prices of manufacturing items
 "India November WPI up at 1.55 over jump in prices of manufactured goods")
Rising inflation, crude oil are a new worry for financial markets: Analysts
Over the past one month (since November 13), Brent crude oil prices have surged nearly 18 per cent to $50.34 a barrel now
 "Rising inflation, crude oil are a new worry for financial markets: Analysts")
Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP
Business Standard brings you top headlines of the evening
 "Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP")
STATSGURU: What issues RBI's monetary policy addresses and what remains?
The following charts explain the current situation of the economy
 "STATSGURU: What issues RBI's monetary policy addresses and what remains?")
