ET Analysis: Leave the food inflation target index well alone

ET Analysis: Leave the food inflation target index well alone

When there are whispers and murmurs in some corridors about the need for re-evaluating the inflation targeting framework component, or tinkering with the yardstick of price pressures measurement, the message from the central bank governor was unequivocal: Don’t tamper. Apart from conveying his determination to bring inflation down to 4% as mandated by law, governor … Read more

Economic contraction likely to continue in Q2: RBI

Economic contraction likely to continue in Q2: RBI

MUMBAI: The Reserve Bank of India on Tuesday said the contraction in economic activity was likely to continue in the second quarter of the current fiscal as upticks witnessed in May and June appears to have lost strength ifollowing re-imposition of lockdowns to contain the coronavirus pandemic. The government imposed a nation-wide lockdown on March … Read more