The report adds that inflation is likely to average around 4.8 percent to 4.9 percent for financial year 2025, higher than the RBI target of 4.5 percent. It adds that the ease in inflation from January will be supported by base effects rather than a significant cooling of underlying price pressures.
"Inflation is only likely to dip from January onwards, but this will be driven by base effects. We are now less hopeful of a February rate cut. We believe the first rate cut is now effectively pushed back beyond Feb'25," the report adds.
This story is from the November 14, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 14, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Andhra to launch WhatsApp governance today
Naidu holds review meet as the state will make 161 services available to citizens in first phase
Supreme Court's role in protecting voter Rights in India
India recently celebrated its 15th National Voters' Day on January 25th, 2025, commemorating the establishment of the Election Commission of India.
Tata Steel is planning to expand the capacity of its three existing plants, Neelachal Ispat Nigam, Kalinganagar, and Bhushan, according to the company's global CEO and managing director, T. V. Narendran.
Odisha CM Mohan Charan Majhi on Wednesday announced that the state government will establish an exclusive industrial park for women and a Special Cell in Industrial Promotion and Investment Corporation of Odisha (IPICOL).
Raut slams Maha Kumbh arrangements after stampede incident
He raised concerns over the lack of proper facilities and questioned the effectiveness of the administration's efforts
Munde Says Ready To Quit If Asked By CM Or Deputy CM
\"If Chief Minister Devendra Fadnavis or Deputy CM Ajit Pawar believe that I am guilty, they should ask for my resignation. I am ready to step down. It is for them to decide whether I am guilty or not. I have been targeted for the past 51 days.\"
Ace Entrepreneur Akshay R Gupta Launched Lafayette Sonani Jewellery Boutique at The Tivoli Hotel
The Tivoli Hotel, Chattarpur, Delhi, has added yet another feather to its cap by introducing Lafayette | Sonani Diamond Jewellery Studio, an opulent destination for fine jewellery enthusiasts.
Umrangso Coal Mine Deaths: Gauhati High Court Takes Suo Motu Cognizance, Seeks Report From Assam Govt Over Illegal Mining Activities
Further, the court noted that the alleged illegal coal mining operation in Umrangso, which resulted in a mishap on January 6, left at least nine labourers feared trapped inside an abandoned mine.
RISING MENACE OF CYBER FRAUD
In an era where digital connectivity drives economies and transforms everyday life, cyber fraud has emerged as a significant threat to India's rapidly evolving digital ecosystem.
Centre Sets Timeline For Labelling Amendments Compliance
The Centre has set a structured timeline for labelling amendments under the Legal Metrology Rules to enhance transparency and consumer protection.
Coca-Cola India Appoints New VP of Customer & Commercial Leadership
Coca-Cola India Southwest Asia (INSWA) Operating Unit today announced Desmond Nikhil D'Souza as Customer & Commercial Leadership (C&CL), effective February 1, 2025.
