Connect with us

Business

Risk of RBI falling behind curve on inflation: member of monetary panel

Published

3 years ago

on

Risk of RBI falling behind curve on inflation: member of monetary panel

With retail inflation likely to see a spike in the wake of the sharp rise in crude oil prices, the Reserve Bank of India faces the risk of falling behind the curve in controlling inflation. The bank’s accommodative policy stance — surplus liquidity in the financial system and low interest rates — so far has worked well.

Consumer price inflation in India is likely to hit seven per cent mark as crude prices touched $116 per barrel recently, the Reserve Bank of India (RBI) has said. Consumer price inflation crossed the RBI’s upper tolerance level of six per cent to 6.01 per cent in January.

“I have argued in successive dissents for many months now that a change in the accommodative stance is long overdue,” said Jayanth Varma, who has been opposing the RBI’s accommodative policy stance.

Complete News Source : The Indian Express

Advertisement
Related Topics:
Continue Reading

Allu Arjun

Pushpa 2 The Rule advance booking tracking better than RRR, Jawan in the US; crosses $1.4 million with 10 days to go

Published

3 weeks ago

on

November 26, 2024

By

Pushpa 2 The Rule advance booking tracking better than RRR, Jawan in the US; crosses $1.4 million with 10 days to go

Pushpa 2 The Rule has already crossed $1.4 million in advance bookings in North America even though the release is 10 days away.

Allu Arjun‘s Pushpa 2: The Rule is still nine days from its theatrical release but is already breaking box office records. The film is set for a grand release worldwide, and if its US pre-sales are any indication, it will likely get a bumper opening. The film is already tracking better than blockbusters like RRR and Jawan in the US. (Also read: Pushpa 2 trailer reactions: Allu Arjun fans predict blockbuster, cheer for Fahadh Faasil’s entry scene)

Pushpa 2’s US tsunami

On Monday, trade tracker Venky Box Office shared the film’s advance booking collections for its US premiere. Taking to X (formerly Twitter), the trade analyst tweeted, “#Pushpa2TheRule USA Premiere Advance Sales: $1,383,949 – 900 Locations – 3420 Shows – 50008 Tickets Sold.”

By Sunday evening, Pushpa 2 had sold over 50,000 tickets in the US, with the release 10 days away. The tweet added that North American advance booking collections had crossed $1.458 million (around ₹12 crore), ‘which is a record’.

Advertisement

Trade analysts say that the film is set to cross $1.5 million with nine days to go, which means it is outpacing SS Rajamouli’s RRR and Shah Rukh Khan-starrer Jawan, the two biggest Indian movies in the US in recent times. Both films grossed over $15 million each in North America and are among the top five highest-grossing Indian films in the continent. Pushpa 2 is matching the pace of Shah Rukh’s other 2023 blockbuster, Pathaan, and is just behind the all-time record holder for India in the US – Baahubali 2 (which earned $20 million in the territory).

All about Pushpa 2: The Rise

Directed by Sukumar, Pushpa 2: The Rise is the sequel to the director’s 2021 pan-India hit Pushpa: The Rise. It brings back Allu Arjun as the titular anti-hero, alongside Rashmika Mandanna and Fahadh Fassil. The film, touted to be one of the biggest Indian productions ever, is set to hit the screens on December 5.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Advertisement
Continue Reading
Anyskill-ads

Facebook

[the_ad id="55117"]

Trending