Nearly one in four Indians said in a pre-poll survey that price rise would be the most important issue while voting this time. The government has claimed success against inflation, but it sure is nervous, as recent price cuts suggest.
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.”
India imported 232.5 million tonnes of crude oil, which is refined into fuels like petrol and diesel, in the 2023-24 fiscal (April 2023 to March 2024), almost the same as in the previous financial year
The RBI said that India's monetary policy continues to remain disinflationary and the robust economic growth gives the policy to make space for price stability