Initiating a discussion on prise rise under Rule 193 in the Lok Sabha, he alleged that one per cent of the people are controlling 77 per cent of the nation wealth.
Experts are of the view that the RBI would raise the benchmark rate to at least the pre-pandemic level this week and even further in later months.
The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing costs against a backdrop ahead of a decelerating economy.
Das said the benefits of globalisation come with certain risks and challenges.
Das said the central bank acted as per the evolving economic developments and also gave out a timeline of its actions to explain the shift.
State Minister of Food Supplies and Consumer Welfare Ranendra Pratap Swain said the economic condition outside the country has been affecting the financial condition inside the county.
The last time such a level of WPI was recorded was in November 2021, when inflation was 14.87 per cent.
The apex bank kept the benchmark interest rate -- repo, at which it lends short-term money to banks -- unchanged at 4 per cent.
As per a Ministry of Finance notification, these agri commodities include wheat, paddy (non-basmati) chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong.
In a statement, a company spokesperson said: "Employees receive bonus and equity as part of their total compensation, which also includes generous benefits and flexibility".
Significantly, any rise in fuel costs bumps-up prices of nearly all the essential items because of a second-round effect.
The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and food items witnessed some softening in prices.
The country's foreign exchange reserves swelled by USD 1.013 billion to touch a lifetime high of USD 610.012 billion in the week ended July 2.
As the Indian economy struggles to shed the impact of the second wave of Covid-19, the report suggested that maintaining a fast past of vaccination and plugging the lags in the healthcare infrastructure in the country would be the most sustainable stimulus for the durable recovery of the Indian economy.
New Delhi: Lower fuel and manufactured products prices eased India’s annual rate of inflation based on wholesale prices to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. As per the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry, December’s inflation […]