During his maiden visit since 2019, which is being held amid tight security due to recent incidents, Modi will also lay the foundation stone and inaugurate projects worth over '20,000 crore.
The National Statistical Office (NSO) data shows that the headline CPI surged to a 17-month high of 6.95% in March from 6.07% in February. The headline retail inflation has now exceeded the inflation target of the Monetary Policy Committee (MPC) for three consecutive months.
Domestic edible prices are likely to come under intense pressure after Indonesia’s move to ban exports of edible oils, industry officials said and urged the Centre to resolve the issue.
The main role for monetary policy through a nominal anchor such as CPI is to deliver low and stable long run inflation and IE.
India Trade Promotion Organisation (ITPO), a public sector undertaking under the commerce and industry ministry, has introduced a buyer programme in its flagship B2B event Aahar, to get buyers from countries that have recently signed or are in talks to ink trade agreements with India.
Bankers have rejected Big Bazaar parent Future’s Group’s proposal to sell its retail and logistics assets to Reliance Retail, signalling that the Rs 24,700-crore deal between Kishore Biyani and Mukesh Ambani may have fallen through.
"When you move from the private market to the public market, and you are unable to show sustained growth, you can't count the eyeballs you have to show the bottom line. If you tell me I don't know when I will make money, the investor doesn't want to deal with you at all."