The country’s largest car manufacturer, Maruti Suzuki India, plans to increase the prices of its model cars in the coming January. Maruti Suzuki India said it will raise vehicle prices next month to comply with stricter emission norms and to partially offset the impact of rising capital expenditure due to inflationary pressures. Other automakers are expected to follow Maruti Suzuki India’s lead and hike the prices of their vehicles.
Indian Railways has reported a 76 per cent increase in passenger segment revenue in the first 8 months (April to November) of this financial year. The total estimated revenue from the passenger segment during April to November 2022 was Rs 43,324 crore. It was Rs 24,631 crore in the same period of last financial year, according to a report released by Indian Railways.
Inflation is high not only in our country but in most countries of the world. As a result, the central banks of the countries are increasing the interest rate in order to control the inflation. In this scenario, former Reserve Bank of India Governor Raghuram Rajan has asserted that the global economy may return to a low-inflationary environment and we should be prepared for that.
India’s foreign exchange reserves rose for the third consecutive week by $2.89 billion to $55.014 billion in the week ended November 25, Research Bank of India said. Foreign exchange reserves stood at $54,725 crore in the week ended November 18. The value of gold reserves increased by $7.30 crore to $3,994 crore. Foreign exchange reserves peaked at $64.2 billion in November 2021.