, the videoconferencing company, has netted about $1 billion on an investment it made in artificial intelligence startup Anthropic PBC in early 2023.The total value of ’s stake in the rapidly ascendant AI company is worth about $1.27 billion, according to a regulatory filing Friday
Bolivian riot police clashed with anti-government protesters in La Paz on Friday (May 22, 2026) for the second time in a week as unions and Indigenous groups pressed their calls for President Rodrigo Paz to step down. Demands for the business-friendly conservative to resign have persisted despite
A fire broke out at an oil depot in the southern Russian port of Novorossiysk following a Ukrainian drone attack, the city's mayor said on Saturday (May 23, 2026). "As a result of falling UAV (unmanned aerial vehicle) debris, a fire broke out at the oil depot
A newt dawn: Wknd talks to Whitley awardee Barkha Subba about her fight for salamandersThey walked among the dinosaurs. Now, they are in danger. There may be only 5,000 Himalayan salamanders left in the wild in India, Subba says. Published on: May 23
Indian woman praises China’s cleanliness, questions civic sense in India: ‘You won’t find a single wrapper’An Indian woman said China’s cleanliness proved civic sense mattered more than population. Published on: May 23, 2026 2:03 PM IST By Mahipal Singh Chouhan Share via Copy link An
Nita Ambani left in splits as student slips Mumbai Indians joke into DAIS graduation speechA Mumbai Indians joke cracked by the head boy of the DAIS' 2026 graduating class left the entire auditorium, including Nita Ambani, laughing. Published on: May 23
Kerala HM announces 'Operation Toofan' anti-narcotics campaignKerala HM announces 'Operation Toofan' anti-narcotics campaign Published on: May 23, 2026 2:24 PM IST PTI Share via Copy link Thiruvananthapuram, Kerala Home Minister Ramesh Chennithala on Saturday announced a comprehensive statewide
Chopper crash near Leh: Injured major general poses, pilot flashes 'victory' sign in viral selfieAn Army Cheetah chopper crashed near Leh in eastern Ladakh last week. An image from the crash site is now viral. Updated on: May 23, 2026 2:36 PM IST By Rahul Singh Share via Copy link Three days after
Will Oct Inflation Give RBI More Headroom A Soft Monetary Policy?
October CPI Inflation Bears Testimony To GST Rate Cut Benefits; Will It Give RBI More Headroom To Continue With A Soft Monetary Policy?
The declining trend in food prices continued in October as food inflation fell deeper in the negative zone at (-) 5.02 per cent from (-) 2.28 per cent in September. Food inflation has now continued to stay negative for the fifth consecutive month, bringing welcome relief to household budgets.
New Delhi: India's inflation rate based on the Consumer Price Index (CPI) declined further to 0.25 per cent in October as the impact of the GST rate cut brought down the prices of goods and services during the month, according to figures released by the Ministry of Statistics on Wednesday.
The retail inflation eased further, after having plummeted to an over 8-year low of 1.54 per cent in September, as prices of food items and goods across sectors fell during the month.
The declining trend in food prices continued in October as food inflation fell deeper in the negative zone at (-) 5.02 per cent from (-) 2.28 per cent in September. Food inflation has now continued to stay negative for the fifth consecutive month, bringing welcome relief to household budgets.
Add Zee News as a Preferred Source
"The decline in headline inflation and food inflation during October is mainly attributed to the full month's impact of the decline in GST, favourable base effect, and to drop in inflation of cooking oils, vegetables, fruits, egg, cereals, footwear and transport and communication," an official statement said.
The GST rate cuts, which kicked in on September 22, are bringing down prices across goods, leading to a further reduction in the inflation rate.
The inflation outlook for 2025-26 has also become more benign due to large favourable base effects combined with the good southwest monsoon, healthy kharif sowing, adequate reservoir levels, and comfortable buffer stocks of foodgrains.
The decline in the inflation rate gives the RBI more headroom to continue with a soft money policy by cutting interest rates and injecting more money into the economy to spur growth.
The RBI's monetary policy committee (MPC) on October 1 slashed its forecast for India's inflation rate for the financial year 2025-26 to 2.6 per cent from 3.1 per cent in August, primarily on account of the GST rate cuts and benign food prices.
RBI Governor Sanjay Malhotra had said: "The recently implemented GST rate rationalisation would lead to a reduction in prices of several items in the CPI basket. Overall, the inflation outcome is likely to be softer than what was projected in the August monetary policy committee resolution, primarily on account of the GST rate cuts and benign food prices."
Addressing journalists after the MPC meeting, he said that the "overall inflation outlook has turned even more benign in the last few months".
Malhotra said that the average headline inflation for 2025-26 is now revised lower from 3.7 per cent and 3.1 per cent projected in the June and August policy, respectively, to 2.6 per cent. Headline inflation for Q4:2025-26 and Q1:2026-27 too have been revised downwards and are broadly aligned with the target, despite unfavourable base effects. Core inflation for this year and Q1:2026-27 is also expected to remain contained.
The RBI Governor pointed out that headline CPI inflation declined to its eight-year low of 1.6 per cent year-on-year in July 2025 before rising to 2.1 per cent in August – its first increase after nine months. Benign inflation conditions during 2025-26 so far have been primarily driven by a sharp decline in food inflation from its peak in October 2024.
Inflation within the fuel group moved in a narrow range of 2.4-2.7 per cent during June-August. Core inflation remained largely contained at 4.2 per cent in August. Excluding precious metals, core inflation was at 3.0 per cent in August.
The RBI Governor further stated that the current macroeconomic conditions and the outlook have opened up policy space for further supporting growth.
Source: ZeeNews
Related Posts: China’s declining population worries Xi Jinping Apple’s new CEO and Stuffcool’s continued brilliance How Patna’s importance continued across centuries Assam CM continued to make ‘religiously provocative’ comments despite HC notice Oil up 1% amid continued stalemate on US-Iran talks Iran warns continued Israeli attacks on Hezbollah in Lebanon will bring Not normal to tolerate Pakistan's continued use of terror as instrument of state IMF, World Bank, World Food Programme warn of rising food prices due to Iran war Gold, silver prices ease over profit booking, consolidation trend Why Warm, Protein-Rich Breakfasts Are The Biggest Food Trend This Winter
Kolkata Knight Riders and Delhi Capitals face off in a crucial IPL clash, with playoff hopes hanging by a thread. Both teams need a win, but their fate also depends on other results. KKR's strong recovery contrasts with DC's reliance on KL Rahul
1 days ago
Some of the most useful lessons I learnt as a young restaurateur came from New York restaurateur Danny Meyer’s book Setting the Table. He writes beautifully about the guest who comes in alone. Most diners come in with an agenda — to impress a date, close a deal
1 days ago
The Union government told the Supreme Court on Friday that 217 Indian nationals had joined the Russian military during the war in Ukraine, of whom 139 have been released from their contractual agreements, The Hindu reported. Additional Solicitor General Aishwarya Bhati told a bench headed by Chief
1 days ago
Hamza Burhan, a key operative linked to the Pakistan-backed terror outfit Al-Badr, who also worked as an Over Ground Worker (OGW) during the Pulwama terror attack period, was killed in Pakistan-occupied Kashmir (PoK) on Thursday. Several wanted Pakistan-based terrorists
1 days ago
Nothing says summer quite like a chilled, fruity mocktail. As temperatures continue to rise, refreshing drinks packed with tropical flavours, citrusy notes, and vibrant ingredients are becoming the perfect way to cool down. Whether you are hosting a weekend brunch, planning a house party
1 days ago
Producer Vashu Bhagnani has lashed out at David Dhawan and his actor-son Varun Dhawan. On Friday, Vashu held a press conference in Mumbai and claimed that the storyline of Hai Jawani Toh Ishq Hona Hai is similar to Biwi No.1. Released in 1999
1 days ago
Hyderabad, May 23 (PTI) A lawyer died after being hit by a car outside his residence here in a suspected case of pre-planned murder, police said on Saturday. The 63-year-old victim was about to get into his car when the car hit him at his residence at Masab Tank here.Hyderabad
1 days ago
Raghav Chadha has been appointed the new chairman of the Committee on Petitions in the Rajya Sabha. The Rajya Sabha chairman reconstituted the committee and nominated ten members. This appointment takes effect from May 20, 2026. Dr. Menaka Guruswamy has also been nominated to the Joint Committee on
1 days ago
Formula 1’s silly season has arrived early, and we have Red Bull Racing boss Laurent Mekies to thank for it. The Frenchman doubled down on his explosive claim that Max Verstappen’s long-time race engineer, Gianpiero Lambiase, is heading to McLaren to eventually become team principal
1 days ago
The blue-collar town that’s set to decide Britain’s next Prime MinisterLabour left-winger Andy Burnham wants to replace Keir Starmer as prime minister. First, he must convince the Makerfield voters and fend off Reform UK. Published on: May 23
1 days ago
Human beings are not just shaped by their actions, but they are also creatures of circumstance. This is especially true in the sporting world, where athletes’ performance not only depends on their quality but also on who the rivals are, their prevailing standards of excellence and the setting in
1 days ago
Do you have greasy flakes on nose and scalp? Dermatologist explains what you are doing wrongSeborrheic dermatitis is a chronic skin condition that manifests in the form of greasy flakes on the nose and scalp. Dr Abigail Waldman shares what to do. Updated on: May 23
1 days ago
Investors just can’t get enough of stocks these daysWar, inflation and worries about the AI boom haven’t kept stocks from setting records. Published on: May 23, 2026 2:27 PM IST WSJ Share via Copy link Investors just can’t get enough of stocks these days
1 days ago
Fuel prices have surged for the third time in eight days. Congress leader Mallikarjun Kharge criticizes the government, accusing it of "looting" citizens. He highlights international examples where countries provided relief. India's petrol and diesel prices have increased by nearly Rs 5 per litre
1 days ago
Ballia (UP), May 23 (PTI) A court here has sentenced a man to life imprisonment for murdering his wife and dumping her body in a pond in 2019 after the couple remained childless, police said on Saturday. According to the prosecution, Nepal Paswan
1 days ago
Delhi street vendor’s profound take on gender equality goes viral: ‘Spitting truth’The Delhi street vendor’s reaction to being asked, “Are women oppressed?” has won the internet’s hearts. Published on: May 23, 2026 9:18 AM IST By Trisha Sengupta Share via Copy link A local street
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Sharara sets are the ultimate festive trend for Eid al-Adha: Choose from these picks under ₹3000From pastel embroidered sets to regal Banarasi shararas
1 days ago
‘Most earnings spent on buying water’: Outdoor workers bear brunt of Delhi heatIn Delhi’s 45 degrees Celsius heat, outdoor workers say there is little room to stop. Updated on: May 23, 2026 10:29 AM IST By Anita Goswami | Reported by Aaditya Khatwani Share via Copy link As Delhi sweltered
1 days ago
Tulsi Gabbard resigned as President Donald Trump’s director of national intelligence on Friday (May 22, 2026), saying she needed to step away as her husband battles cancer. She is the fourth Cabinet official to depart during Mr. Trump’s second term. In her resignation letter
1 days ago
A recently arrested man accused of links with Iran-backed terror networks allegedly plotted to assassinate US President Donald Trump’s daughter Ivanka Trump in an attempt to avenge the killing of Iranian military commander Qasem Soleimani in the recent US-Israeli strikes
1 days ago
Alone in her bedroom, six-year-old Emilia laughs at jokes told by kids on the other side of the world and listens to stories told by a lively adult voice.The tales and gags - many baffling to adult ears - are emitted by a , one of a growing class of sound-only gadgets for young children
1 days ago
Fat loss coach shares the cardio routine that helped her lose weight from 84 to 54 kg sustainablyWalking or HIIT? Here’s a cardio routine shared by a fitness coach you can follow to lose weight and get in shape. Published on: May 23, 2026 10:54 AM IST By Anukriti Srivastava Share via Copy link
1 days ago
IITian founders offer ₹50,000/month to candidate who asked for ₹35,000 salaryIn a video, the IITian founders explained why they decided to pay a higher salary than what the candidate asked for. Published on: May 23, 2026 10:59 AM IST By Trisha Sengupta Share via Copy link In a refreshing
1 days ago
said on Friday there were no imminent new US tariffs expected to be imposed on semiconductors, but that it was important to protect the sector with duties to facilitate reshoring of chip production.Greer, speaking at a memory chip plant expansion project in the Washington, D.C., suburbs
1 days ago
The United States on Friday (May 22, 2026) temporarily banned the entry of lawful permanent residents who have been in the Democratic Republic of Congo, Uganda or South Sudan in the previous 21 days, citing concerns over Ebola. U.S. citizens
1 days ago
Marco Rubio India Visit Live Updates: US Secretary of State Marco Rubio arrived in Kolkata on Saturday on his first official visit to India, ahead of high-level talks with Prime Minister Narendra Modi in New Delhi later in the day. Confirming his arrival
1 days ago
Every Indian summer comes with its own set of rituals, rising temperatures, nostalgic family vacations, afternoon siestas, and of course, mangoes finding their way into almost every meal imaginable. But in recent years, mango season has evolved far beyond household indulgence
1 days ago
