The rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks.

Making subsidy payments directly into farmers’ accounts instead of routing it through manufacturers will not only help in targeting small farmers and reduce leakages but also promote the Centre’s objective of making them aware of the subsidy element in fertilisers. #BLEditorial

https://trib.al/vig3pUv

India's GDP growth in the first quarter of this fiscal year at 13.5% versus 20.1% year-on-year

Read here: https://www.livemint.com/economy/india-gdp-q1-growth-live-updates-first-quarter-fiscal-year-economy-forecast-imf-nation-income-11661942245090.html

The government has hiked the windfall profit tax on the export of diesel to ₹13.5 per litre and jet fuel exports to ₹9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. https://www.thehindubusinessline.com/economy/policy/govt-hikes-windfall-profit-tax-on-export-of-diesel-atf-raises-tax-on-domestic-crude-oil/article65834773.ece

Data released by NSO shows that growth, though lower than the Reserve Bank of India (RBI) estimate of 16.2 per cent,fuelled by consumption and signaled a revival of domestic demand, particularly in the services sector.

#GDP #GDPgrowth

https://www.thehindubusinessline.com/economy/base-effect-lifts-gdp-growth-to-135-in-april-june-quarter/article65833780.ece

Economic Affairs Secretary Ajay Seth said GST collection for August is likely to remain in the range of ₹1.42-1.43 lakh crore, showing buoyancy in the economy.

https://www.thehindubusinessline.com/economy/indian-economy-to-grow-over-7-in-fy23-says-finance-secretary/article65834137.ece

According to the National Statistical Office (NSO), The #unemployment rate for people aged 15 years and above in urban areas dipped to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago

https://www.thehindubusinessline.com/economy/unemployment-rate-dips-to-76-in-april-june-2022-nso-survey/article65834327.ece

Retail inflation for industrial workers has eased further in July to 5.78 per cent compared to 6.16 per cent in June this year. 

https://www.thehindubusinessline.com/economy/retail-inflation-for-industrial-workers-eases-marginally-to-578-per-cent-in-july/article65834200.ece

Source: The Hindu
A good article on Consumerism
Self Explanatory.

As part of the expansion plan, the bank said it plans to hire over 3,000 employees across the state.

https://www.livemint.com/industry/banking/hdfc-bank-to-open-207-branches-in-maharashtra-11662032928583.html

The Hindu - Opinion
Slow improvement: On first quarter GDP growth

Fiscal authorities should spur consumption and investment to aid faster recovery