Inflation to Rise Post Hikes
Thursday, June 05, 2008Yesterday we reported about the hike in petroleum products and excise duties. Post-hike, the Wholesale Price Index is expected to rise by 55 bps only on account of the hike in these 3 products.
The hikes also meant increase in consumer's burden by Rs211 bn (US$4.9 bn or 0.39% of GDP) and the government will bear tax losses amounting to Rs226.6 bn (US$5.3bn or 0.42% of GDP) in F2009 (12 months ended March 2009).
The combined central plus state deficit including the off-budget expenditure items is expected to be about 8.9% of GDP in F2009 (from 9.3% earlier).
Recent Corporate Earnings / Breaking News
- TRF Ltd - Temporary Blip of Slowdown ?
- VIP Industries - Dismal Performance
- Sun Pharma - Good Growth
- Hindustan Dorr-Oliver Result Analysis
- Petroleum Product Prices Hiked
- Indo Tech Transformers - Earnings Tripped
- Sobha Developers - Result analysis
- NTPC - Charging Ahead with Good Numbers
- Zydus Cadila acquires Combix Labs
- Karuturi Global Acquires Land in Ethiopia
