Centre imposes 40% duty on onion exports, to offload stocks Context Onions exported were subject to a 40% tax on Saturday by the Center. To lower the retail prices, the government will also liquidate its stock of onions in several wholesale marketplaces. The cost of […]
June industrial growth slows to 3.7% Context In June, industrial production growth dropped to a three-month low of 3.7% from May’s revised 5.3%, with manufacturing growth slowing to 3.1% from 5.8% in May and consumer durables output slipping back into contraction. What is the Index […]
Inflation accelerates to 7.41% #GS-03 Inflation For Prelims: About Inflation: Inflation is the general rise in the price level of goods and services over a period of time within a particular economy which results in reducing the purchasing power of the customer. In India, Inflation […]
Reserve Bank raises rates by 50 bps, brings down growth outlook to 7% #GS-03 Economy, Monetary Policy For Prelims About Monetary Policy Committee. The Monetary Policy Committee (MPC) is created to set the policy interest rates as a part of its monetary policy. It is […]
Rice, wheat push up inflation, but South bucks the trend #GS-03 Agriculture, Inflation For Mains Inflation in India: India’s retail inflation reached to 7% in August 2022. A major factor behind this uptick was a reversal in retail food inflation which declined to 6.7% in […]
Dogged by inflation: On Price rise and policy measures #GS-03 Economy Context The recent release of Government’s Index of Eight Core Industries for May, and S&P Global’s survey-based Purchasing Managers’ Index (PMI) have shown some concerns regarding the growth of India’s manufacturing industries. For Prelims […]