Page-2 of Inflation Current Affairs, GK & News

RBI’s State of the Economy Report

The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021 have increased from 1.5% from the year 2020. According to the report, this is the slowest pace of growth in the six months as record-high retail prices ..

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Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

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What is Repo Rate?

Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), during the 3-day meeting that began on December 2, has ..

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WPI inflation at 1.48% in October 2020; Increased for third consecutive month

The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October 2020. The WPI manufacturing increased to 2.12% in October 2020 as compared to 1.61% in ..

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India Bans Export of all Varieties of Onion

Government of India have released a notification banning the export of all varieties of onions. The ban has been imposed three months after the central government made changes in the Essential Commodities Act, 1955. Why exports have been banned? There could be two major reasons for imposing this ban- The wholesale price of the onion ..

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