Latest news with #WholesalePriceIndex
Leaders
a day ago
- Business
- Leaders
SAMA: Saudi Inflation Rate Expected to Remain Stable in Q2 2025
A recent report by the Saudi Central Bank (SAMA) showed that the Inflation rate in Saudi Arabia is expected to remain stable in the second quarter of 2025. SAMA's report noted that global economy is facing increasing challenges in 2025 due to rising geopolitical tensions and changes in trade policies. Consumer Price Index Consumer Price Index The average consumer price index in Saudi Arabia grew by 2.1% during the first quarter of 2025 compared to the same quarter in 2024. The housing, water, electricity, gas and other fuels sector recorded the highest increase of 7.4% compared to the same quarter of the previous year. Inflation Rates Inflation rates varied between the Kingdom's cities during the Q1 2025. Riyadh and Mecca reached the highest inflation rates in the first quarter of this year, at 3.6% and 3.3%, respectively. Inflation Rates Wholesale Price Index The wholesale price index in the first quarter of this year recorded an annual increase of 1.3% compared to the Q1 2024. Wholesale Price Index 2025 Q2 Anticipations Inflation rate is expected to remain stable in the second quarter of 2025 compared to the same quarter of 2024. This stability is due to various factors such as the anticipated balance between slowing global inflation and the expected impact on customs duties. 2025 Q2 Anticipations Related Topics: GASTAT: Saudi Arabia's Inflation Holds Steady at 2.2% in May 2025 Saudi Arabia's Inflation Rate Eases to 1.9% in December Rental Prices Drive Inflation in August 2024: GASTAT SAMA Officially Launches 'Samsung Pay' in Saudi Arabia Short link : Post Views: 1 Related Stories
The Print
2 days ago
- Business
- The Print
ICRA forecasts small dip in GDP growth at 6.2 per cent in 2025-26
Regarding inflation, the Consumer Price Index (CPI) is expected to be above 3.5 per cent, while the Wholesale Price Index (WPI) will be over 1.8 per cent for the current fiscal, the report added. Real Gross Value Added (GVA) growth is also expected to ease to 6 per cent from 6.4 per cent. Kolkata, Jun 18 (PTI) Leading rating agency ICRA, in its latest outlook, said India's real GDP growth for 2025-26 will be 6.2 per cent, down from 6.5 per cent in the preceding financial year. ICRA has forecast the fiscal deficit to be 4.4 per cent of GDP for 2025-26, with the current account deficit projected at 1.2 per cent to 1.3 per cent during the same period. According to ICRA, rural demand is likely to remain upbeat, aided by Rabi cash flows and above-normal reservoir levels. It also said that the combination of the sizeable income tax relief in the Union budget for 2025-26, rate cuts leading to lower EMIs and moderation in food inflation is expected to boost household disposable incomes. The report added that the tepidness in India's merchandise exports is expected to continue in the near term. Services exports are likely to outpace merchandise export growth, according to the ICRA outlook. The Centre's capital expenditure is budgeted to rise by 10.1 per cent in 2025-26, which will boost investment activities, it added. However, private capital expenditure may gain some traction on the face of a muted outlook for exports and uncertainty around trade policies, the report said. PTI dc MNB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
2 days ago
- Automotive
- Business Standard
Relief for travellers: Govt announces ₹3,000 annual toll pass on NHs
Addressing long-standing concerns of national highway users about high toll fees, the Ministry of Road Transport and Highways (MoRTH) on Wednesday announced an annual toll pass that will eliminate repeated toll deductions for personal passenger vehicles. 'In a transformative step towards hassle-free highway travel, we are introducing a Fastag-based annual pass priced at ₹3,000, effective from August 15. Valid for one year from the date of activation or up to 200 trips — whichever comes first — this pass is designed exclusively for non-commercial private vehicles such as cars, Jeeps, and vans,' Union Highways Minister Nitin Gadkari said. A dedicated link for activation and renewal will soon be made available on the RajmargYatra application (app) as well as on the official websites of the National Highways Authority of India (NHAI) and MoRTH. 'This policy addresses long-standing concerns regarding toll plazas located within a 60-kilometre (km) radius and simplifies toll payments through a single, affordable transaction. By reducing wait times, easing congestion, and minimising disputes at toll plazas, the annual pass aims to deliver a faster and smoother travel experience for millions of private vehicle owners,' Gadkari said. The annual pass is available only on the RajmargYatra mobile app and the NHAI website, and will reflect in the user's existing Fastag upon completion of payment. A dedicated link for the facility will be issued soon. The pass is valid only at national highway and national expressway fee plazas, the ministry said. At fee plazas on expressways, state highways, etc. managed by state governments or local bodies, the Fastag will operate as a regular Fastag, and applicable user fee charges may apply. According to the ministry, the pass is non-transferable and is valid only for the vehicle on which the Fastag is affixed and registered. Using it on another vehicle will lead to deactivation. According to the ministry's gazette notification, the rate for the pass will be subject to revision each year, in accordance with current revision standards, which are linked to the Wholesale Price Index. Experts say the policy will bring major relief to users, while its impact on highway operating companies will be minimal. 'The introduction of the annual toll pass will enhance convenience for travellers by streamlining passage through toll plazas. Given that the average passenger vehicle covers roughly 10,000 km per year — most of which occurs outside national highways — the direct impact on toll operators is expected to be minimal. However, this move brings additional advantages, including reduced congestion, improved operational efficiency, and smoother travel patterns. For frequent travellers who use toll roads for more than 2,500 to 3,000 km annually, the pass offers considerable cost savings and added convenience, making long-distance travel more seamless,' said Jagannarayan Padmanabhan, senior director and global head, consulting, Crisil Intelligence.
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Business Standard
2 days ago
- Business
- Business Standard
Icra pegs India's GDP growth at 6.2% for FY26, down from 6.5% in FY25
Leading rating agency ICRA, in its latest outlook, said India's real GDP growth for 2025-26 will be 6.2 per cent, down from 6.5 per cent in the preceding financial year. Press Trust of India Kolkata Leading rating agency Icra, in its latest outlook, said India's real GDP growth for 2025-26 will be 6.2 per cent, down from 6.5 per cent in the preceding financial year. Real Gross Value Added (GVA) growth is also expected to ease to 6 per cent from 6.4 per cent. Regarding inflation, the Consumer Price Index (CPI) is expected to be above 3.5 per cent, while the Wholesale Price Index (WPI) will be over 1.8 per cent for the current fiscal, the report added. Icra has forecast the fiscal deficit to be 4.4 per cent of GDP for 2025-26, with the current account deficit projected at 1.2 per cent to 1.3 per cent during the same period. According to Icra, rural demand is likely to remain upbeat, aided by Rabi cash flows and above-normal reservoir levels. It also said that the combination of the sizeable income tax relief in the Union budget for 2025-26, rate cuts leading to lower EMIs and moderation in food inflation is expected to boost household disposable incomes. The report added that the tepidness in India's merchandise exports is expected to continue in the near term. Services exports are likely to outpace merchandise export growth, according to the Icra outlook. The Centre's capital expenditure is budgeted to rise by 10.1 per cent in 2025-26, which will boost investment activities, it added. However, private capital expenditure may gain some traction on the face of a muted outlook for exports and uncertainty around trade policies, the report said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
India's GDP growth to exceed 6.5% in FY26, says Icra; rural demand and tax relief seen driving momentum
India's real GDP growth is expected to exceed 6.5% in FY2025–26, while real Gross Value Added (GVA) growth is likely to surpass 6.3%, according to a new outlook released by rating agency Icra on Tuesday. In its report, the agency cited rural demand, income tax relief, and lower EMIs as key factors that would support economic expansion over the fiscal. On the inflation front, Icra projected the Consumer Price Index (CPI) to remain above 4.2%, while the Wholesale Price Index (WPI) is estimated at over 2.7% in the current financial year, PTI reported. The agency also forecast India's fiscal deficit at 4.4% of GDP, while the current account deficit (CAD) is projected at –1% of GDP for FY26. Icra noted that rural demand is likely to remain upbeat, supported by Rabi cash flows and above-normal reservoir levels. Additionally, income tax cuts announced in the Union Budget 2025–26, combined with the expectation of interest rate cuts and moderating food inflation, are likely to increase household disposable income. While services exports are expected to outpace merchandise exports, Icra maintained a cautious outlook on India's goods trade, stating that merchandise exports may remain tepid in the near term. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse dispositivo discreto está virando febre entre idosos com dor nos nervos. A arte do herbalismo Undo In terms of investment, the report pointed to a 10.1% increase in the Centre's capital expenditure budgeted for FY26, which is likely to spur public investment activity. However, Icra said that private sector capital expenditure may see only limited traction, given the uncertain trade policy environment and muted export outlook. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
