India’s retail inflation in April 2022 surged to 7.79 percent in April, largely driven by rising fuel and food prices, touching its highest point in the last eight years.
The previous high was recorded at 8.33 percent in May 2014. 6.95 percent inflation is recorded in the month of March. Food inflation accounted for nearly half the consumer price index (CPI) basket, reaching a high in April. Reserve Bank of India’s (RBI’s) upper tolerance limit for retail inflation is 6 %.

India’s biggest-ever initial public offering (IPO), by Life Insurance Corp (LIC), has been fully booked under all categories.
The portion set for policyholders was booked 6.11 times, employees by 4.39 times, retail investors by 1.99 times, non-institutional investors by 2.91 times, and qualified institutional buyers (QIB) by 2.83 times. The government will raise ₹ 21,000 crores from selling a 3.5 percent stake in the country’s top insurer. This is only a third of the original target fixed by the government.