CPI Current Affairs, GK & News

US Fed Rate Hike – Impact on India

In the first hike since 2018, the US Federal Reserve increased the interest rates by 25 basis points. Reasons for US Fed Rate Hike In February, inflation in the United States reached 7.9%, which is the highest in 40 years. The Russia-Ukraine war has also led to an increase in global commodity prices. Thus, there ..

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Retail Inflation in February 2022

According to the data released by the Ministry of Statistics & Programme Implementation (MoSPI), India’s retail inflation surged to 6.07% in February. About the surge in inflation Retail inflation is measured by the Consumer Price Index (CPI). February’s retail inflation of 6.07% is over and above the Reserve Bank of India’s (RBI) threshold of 6%. ..

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RBI Monetary Policy

On April 7, 2021, the Monetary Policy Committee of Reserve Bank of India announced the outcome of its bi-monthly monetary policy review. Key Highlights The repo rate has been kept unchanged at 4%. The reverse repo rate has been kept at 3.35%. The real GDP growth for the Fiscal Year 2022 is predicted to be ..

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RBI Monetary Policy Committee Meeting: Key Highlights

The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate is to continue at 3.35%. Key Highlights of the MPC meet The meeting concluded that ..

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COVID-19: Hike in Dearness Allowance for the year 2021 put on hold

The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs 1 lakh crore. Highlights The hold in the hike of dearness allowance applies only to central government employees and pensioners. Currently, the central government employees are receiving ..

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Santosh Rana, veteran Naxalite leader, passes away

Santosh Rana (76), the veteran Naxalite leader, has passed away in Kolkata on June 29, 2019. He is one of the foremost leaders of the Communist Party of India (Marxist-Leninist) and a major thinker on caste, class and tribal politics in West Bengal and winner of a top literary award in the State. The CPI-ML ..

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