Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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Goal of aligning inflation to 4% target work in progress: RBI Bulletin [Read More]
RBI
An article in the June 2024 Bulletin on the "State of the Economy", led by RBI Deputy Governor Michael Debabrata Patra, highlighted that while retail inflation in India is gradually easing, persistent volatility and high food prices are impeding smooth disinflation. \r
The global economic landscape has shown resilience, prompting several central banks to adopt less restrictive monetary policies in response to declining inflation. In India, early indicators suggest that Q1 FY25 real GDP growth is maintaining momentum, supported by favorable prospects in agriculture due to an early southwest monsoon. \r
Despite core CPI inflation softening to a new low, ongoing challenges from food prices underscore the RBI's ongoing efforts to align inflation with its mandated target of 4% with a margin of 2% on either side.
