RBI Cuts FY26 Inflation Forecast To 2% On Easing Food Prices
The RBI Monetary Policy Committee (MPC) states that food supply prospects have improved on the back of higher kharif production, healthy rabi sowing, adequate reservoir levels
The RBI Monetary Policy Committee (MPC) states that food supply prospects have improved on the back of higher kharif production, healthy rabi sowing, adequate reservoir levels
The House has also cleared the Health Security se National Security Cess Bill, 2025, which introduces a dedicated cess on pan masala and other notified sin goods
The report notes that the forthcoming introduction of the new CPI series with a 2023-24 base year will be an important development to watch
The Central Excise (Amendment) Bill, 2025, seeks to replace the GST Compensation cess, which is levied on all tobacco products currently
The ministry notes that agricultural activity continues to create a favourable environment for the inflation outlook
The report notes that tax relief, GST rationalisation, proposed eighth pay commission, and healthy rural incomes are likely to support household spending
Poonam Gupta says that the central bank uses a varied set of approaches to generate its growth projections
The report says that with a saving rate of approximately 30 per cent, the implementation will result in a consumption boost around Rs 66 per person per day
The report reveals that households are spending a smaller portion of the monthly per capita expenditure (MPCE) on food items
India’s palm oil imports are expected to jump nearly 20 per cent in 2025/26 as cheaper global prices revive demand, tightening supplies in Indonesia and Malaysia.