The Congress leader said that even though they have no salary, no pension, no health insurance and no government facilities from the Railways, they have hope that "times will change."
It may be mentioned that the government has mandated the RBI to keep inflation at 4 per cent with 2 per cent margin on either side.
The global economy could slowly be approaching an inflection point beyond which things will change to local growth booms but production inefficiencies worldwide.
Much of the production increase in high-producing states such as Maharashtra came from a growth in the cultivated area, in which the yield or per-hectare production was low.
The Ministry of Finance on Friday night announced the price hike of petrol by Rs 26.02 and diesel by Rs 17.34 per litre following clearance from caretaker PM Anwaarul Haq Kakar.
WPI inflation in negative for fifth month in a row at (-) 0.52 per cent in Aug; prices of veggies, onion, pulses remain firm
Wholesale inflation in vegetables was 48.69 per cent in August, against 62.12 per cent in July.
Higher prices of dairy items has hurt sales at international fast food chains in India, but a moderation in chicken prices has supported sales of fried chicken and chicken sandwiches and burgers
Food prices have been a key concern for policymakers since last year as erratic weather conditions have hurt the output of vegetables, milk and cereals.
Government’s free education, treatment, free travel for women, free water, free electricity, free pilgrimage as well as honest government have provided tremendous relief to the people, the CM said.
Vegetable prices rose 26.1% in August as against a staggering 37.34% surge in July. Conversely, prices of oils and fats fell 15.3% after a drop of 16.8% in the previous month.
A report by Bank of Baroda points out that monsoons have so far been below normal and the situation may deteriorate further as El Nino conditions intensify further and sea temperatures rise
Observers said higher energy costs would complicate the central bank's work as they accounted for a large part of the surge in prices in the wake of Russia's invasion of Ukraine.
The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side.
The Opposition on Sunday lashed out at remarks made by Prime Minister Narendra Modi in an interview.
While India’s GDP growth for the Apr-Jun quarter came in above expectations, several factors are keeping the outlook cautious for the world’s fifth largest economy.
Rainfall in August was historically the lowest, hitting a deficit of -36%. This has led to an all-India deficit of -10% since June 1.
The immediate impact of a weakening monsoon will be lower farm produce and could make essentials such as sugar, pulses, rice and vegetables more expensive.
The state’s lower inflation during 2021-22 and 2022-23 which is 7.92% and 5.93% respectively, while the national figures remaining at 9.31% and 8.82% respectively.
This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently.
Much of world's population is aging, and older people are less likely to keep working. Those trends could act as supply shocks, similar to the shortages of goods and labor that increased inflation.