Consumers see prices moving up over one year

08 Jun 2024

The Reserve Bank released the results of May 2024 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during May 2-11, 2024 in 19 major cities, with responses from 5,943 urban households. Female respondents accounted for 52.6 per cent of this sample. Findings: l...

RBI survey: Consumers expect rise in spending over one year

08 Jun 2024

The Reserve Bank has released the results of May 2024 round of its bi-monthly consumer confidence survey (CCS). The survey collects current perceptions (vis-à-vis a year ago) and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending across 19 major...

Climate shocks impart uncertainty to food inflation: RBI

03 Jun 2024

The increasing incidence of climate shocks imparts considerable uncertainty to the food inflation and overall inflation outlook. Low reservoir levels, especially in the southern states and the outlook of above normal temperatures during the initial months of 2024-25 need close monitoring. The volatility in international crude oil prices, the persisting...

Tobacco kills

03 Jun 2024

World No Tobacco Day 2024 was observed on May 31 . The habit of smoking is highly prevalent in many countries. Latest data from a Statista Consumer Insights survey, says roughly 36 % of urban Indian respondents said they smoke cigarettes at least occasionally.

Temp hits new highs, yet world fails to cut emissions

01 Jun 2024

Most emissions come from just a few countries The top five emitters (China, the United States of America, India, the European Union, the Russian Federation) accounted for about 60 per cent of greenhouse gas emissions in 2021. The Group of 20 (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia,...

Above Normal rainfall most likely this monsoon: Met Dept

28 May 2024

Since 2021, the India Meteorological Department (IMD) has been using a new strategy for issuing operational long rangeforecasts on a monthly and seasonal scales for rainfall and temperatures across the country. For this, a newly developed Multi-Model Ensemble (MME) forecasting system is used. The MME system utilizes simulations from the...

Gold prices pull back modestly after record surge

27 May 2024

Gold prices have eased from their peak of mid-April, likely due to profit taking. Nevertheless high gold prices prevailed, ending April up 4% on the back of an 8% rise in March. Since mid-April1 gold prices have moderated 1% and have risen by 15% so far this year, trading at...

How much of India’s wastewater is left untreated?

25 May 2024

As is the case with rapid population growth and urbanization in many so-called developing nations, waste management becomes a problem not only in rural areas but also in densely populated cities. A textbook example of this growth outpacing infrastructural capacities is the situation in urban hotspots in India like Delhi,...

India’s global Travel & Tourism index rank up at 39th: WEF

25 May 2024

India was ranked 54th in the previously published index in 2021, though changes made to the index parameters limit its comparability to earlier years. India’s rank on the World Economic Forum’s Travel & Tourism Development Index 2024 has risen to 39th place, with global tourism activities returning to pre-pandemic levels,...

84% of Indian small businesses expect robust growth in 2024: Study

21 May 2024

A recent Certified Practising Accountant (CPA) Australia survey reveals an overwhelming optimism among Indian small businesses, with 84 per cent anticipating continued growth in 2024, significantly surpassing the market average of 70 per cent. Despite global economic uncertainties, 80 per cent of Indian respondents remain confident about the local economy’s...