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Posted 8/25/2023, 10:41:00 AM

Centre's priority is to tame inflation: Finance minister Nirmala Sitharaman - Times of India

Finance Minister Nirmala Sitharaman emphasized that controlling inflation is the government's priority for sustained economic growth, expressing the need to manage supply side factors along with interest rates, and mentioned that India's GDP numbers for the first quarter are expected to be positive.

timesofindia.com

Relevant topic timeline:

8/26/2023

High inflation and interest rates: Impact on investors, markets

The spike in retail inflation has raised uncertainty for investors and savers, with expectations of interest rate cuts being pushed to the next fiscal year and the possibility of a rate hike. The Reserve Bank of India projects inflation to stay above 5% until the first quarter of 2024-25, and food price pressures are expected to persist. While inflation may impact stock market returns, gold and bank deposit rates are expected to remain steady.

8/28/2023

India inflation must be visibly on downward path for cenbank to slacken: MPC member Varma

India's inflation must be brought within the central bank's tolerance band before the war on inflation can be relaxed, according to a member of the monetary policy committee, who also expects inflation to resume its downward trajectory in the next quarter.

8/28/2023

India’s surging food prices are a problem not just for India

The Indian government's efforts to control food prices, such as imposing taxes and export bans, may help contain inflation domestically but could lead to higher prices globally, particularly for rice, affecting countries that rely on food imports.

8/31/2023

Rupee’s plunge fuelling inflation, economic concerns

The consistent devaluation of the Pakistani rupee is causing inflation and forcing the central bank to raise interest rates, leading to concerns about the economy and market confidence.

9/9/2023

G20 Seeks to Revive Grain Deal to Ease Global Food Inflation, But Impact on India Limited

The G-20 leaders' recommendation to revive the Black Sea Grain Initiative could help ease inflation globally, but it may not significantly impact India's own inflation trajectory due to its lesser dependence on grain imports.

9/12/2023

Inflation Report Expected to Show Prices Still High But Cooling Off

The Bureau of Labor Statistics is expected to release a report showing steady growth in consumer prices with a year-on-year inflation increase of 3.6% in August, indicating that the Federal Reserve's efforts to control inflation are working but there may be more rate hikes if inflation does not decline.

9/14/2023

Fed Faces Difficult Choice on Inflation Target as El-Erian Urges Flexibility

The Federal Reserve faces a critical decision at the end of the year that could determine whether the US economy suffers or inflation exceeds target levels, according to economist Mohamed El-Erian. He suggests the central bank must choose between tolerating inflation at 3% or higher, or risking a downturn in the economy.

9/15/2023

Finance Minister Optimistic About 10.5% Growth Target, Says Car Stocking Shows Economic Buoyancy

India's Finance Minister Nirmala Sitharaman expressed optimism about achieving a 10.5% growth target this fiscal year and prioritized economic growth over taxing diesel vehicles.

9/17/2023

Low Inflation May Slow GDP Growth, Threaten Fiscal Targets

India's goal of becoming a $5 trillion economy may be challenged as economists predict that nominal GDP growth may fall below the budgeted estimate of 10.5% for the current fiscal year, primarily due to subdued wholesale inflation.

9/20/2023

Yellen: U.S. Growth Slowdown Needed to Curb Inflation, Sees Lower Risks From Oil Prices and Labor Market

Treasury Secretary Janet Yellen states that U.S. growth needs to slow to its potential rate in order to bring inflation back to target levels, as the robust economy has been growing above potential since emerging from the COVID-19 pandemic. Yellen also expects China to use its fiscal and monetary policy space to avoid a major economic slowdown and minimize spillover effects on the U.S. economy.

9/20/2023

Fed Forecasts Lower Unemployment and Faster Growth While Keeping Rates Steady, Signaling Confidence in Taming Inflation Without Recession

The Federal Reserve officials signal that they believe they can control inflation without causing a recession, with forecasts of higher economic growth and unchanged inflation outlook.

Topics

Posted 8/25/2023, 10:41:00 AM

Centre's priority is to tame inflation: Finance minister Nirmala Sitharaman - Times of India

timesofindia.com

Relevant topic timeline:

8/26/2023

High inflation and interest rates: Impact on investors, markets

8/28/2023

India inflation must be visibly on downward path for cenbank to slacken: MPC member Varma

8/28/2023

India’s surging food prices are a problem not just for India

8/31/2023

Rupee’s plunge fuelling inflation, economic concerns

The consistent devaluation of the Pakistani rupee is causing inflation and forcing the central bank to raise interest rates, leading to concerns about the economy and market confidence.

9/9/2023

G20 Seeks to Revive Grain Deal to Ease Global Food Inflation, But Impact on India Limited

9/12/2023

Inflation Report Expected to Show Prices Still High But Cooling Off

9/14/2023

Fed Faces Difficult Choice on Inflation Target as El-Erian Urges Flexibility

9/15/2023

Finance Minister Optimistic About 10.5% Growth Target, Says Car Stocking Shows Economic Buoyancy

India's Finance Minister Nirmala Sitharaman expressed optimism about achieving a 10.5% growth target this fiscal year and prioritized economic growth over taxing diesel vehicles.

9/17/2023

Low Inflation May Slow GDP Growth, Threaten Fiscal Targets

9/20/2023

Yellen: U.S. Growth Slowdown Needed to Curb Inflation, Sees Lower Risks From Oil Prices and Labor Market

9/20/2023

Fed Forecasts Lower Unemployment and Faster Growth While Keeping Rates Steady, Signaling Confidence in Taming Inflation Without Recession

The Federal Reserve officials signal that they believe they can control inflation without causing a recession, with forecasts of higher economic growth and unchanged inflation outlook.