Two states have recently re-instated the old pension scheme. How are old pension scheme and new pension scheme different?
The Consumer Price Index (CPI) based retail inflation was 5.66 per cent in December 2021 and 4.06 per cent in January 2021.
The Reserve Bank of India (RBI) retained its inflation projection at 5.3 per cent for the current financial year.
Year-on-year inflation for the month stood at 5.84 per cent compared to 5.56 per cent for the previous month and 3.15 per cent during the corresponding month a year before.
She explained that the Indian economy suffered Rs 9.57 lakh crore loss due to the pandemic, compared to a Rs 2.12 lakh crore contraction during the global meltdown in 2008-09.
Among the central bank officials, there is broad support for a rate increase — one that would come much sooner than the officials had expected just a few months ago.
Retail inflation in India rose to a seven-month high of 6.01 per cent in January, breaching the upper tolerance level set during former RBI governor Raghuram Rajan’s tenure.
Food inflation stood at 2.99 per cent (farm labour) and 3.17 per cent (rural labour) in December 2021, compared to 0.88 per cent and 1.07 per cent respectively in November 2021, and 2.97 per cent and 2.96 per cent during the...