Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f37a10e790a-trace').style.display = (document.getElementById('cakeErr67f37a10e790a-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f37a10e790a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f37a10e790a-code').style.display = (document.getElementById('cakeErr67f37a10e790a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f37a10e790a-context').style.display = (document.getElementById('cakeErr67f37a10e790a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f37a10e790a-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&amp;ldquo;We have been emphasising that food inflation is starting to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&amp;ldquo;We have been emphasising that food inflation is starting to...&#039;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&ldquo;We have been emphasising that food inflation is starting to..."/>
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                <strong>Food inflation beginning to look structural: Gokarn</strong></h1>
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                <font ><br /></font><div align="justify"><font >Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br /><br /><font >&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br /><br /><font >Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br /><br /><font >The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br /><br /><font >Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br /><br /><font >The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br /><br /><font >&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br /><br /><font >&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br /><br /><font >RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br /><br /><font >&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br /><br /><font >On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br /><br /><font >&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br /><br /></div>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&amp;ldquo;We have been emphasising that food inflation is starting to...&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&ldquo;We have been emphasising that food inflation is starting to..."/>
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                <strong>Food inflation beginning to look structural: Gokarn</strong></h1>
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                <font ><br /></font><div align="justify"><font >Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br /><br /><font >&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br /><br /><font >Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br /><br /><font >The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br /><br /><font >Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br /><br /><font >The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br /><br /><font >&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br /><br /><font >&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br /><br /><font >RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br /><br /><font >&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br /><br /><font >On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br /><br /><font >&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br /><br /></div>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
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&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&amp;ldquo;We have been emphasising that food inflation is starting to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&amp;ldquo;We have been emphasising that food inflation is starting to...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&amp;rdquo; Gokarn said at a conference on inclusive development.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Gokarn said monetary policy had a limited role in curbing food inflationary pressures.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&amp;rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&amp;rsquo;s comfort level of around five per cent.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;On capital flows, Gokarn said India needed the flows to finance the high current account deficit.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&amp;rdquo; he said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

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                <strong>Food inflation beginning to look structural: Gokarn</strong></h1>
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                <font ><br /></font><div align="justify"><font >Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br /><br /><font >&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br /><br /><font >Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br /><br /><font >The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br /><br /><font >Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br /><br /><font >The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br /><br /><font >&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br /><br /><font >&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br /><br /><font >RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br /><br /><font >&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br /><br /><font >On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br /><br /><font >&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br /><br /></div>               </font>
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<font face="arial,helvetica,sans-serif" size="3">Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br />
<br />
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	'metaTitle' => 'LATEST NEWS UPDATES | Food inflation beginning to look structural: Gokarn',
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&ldquo;We have been emphasising that food inflation is starting to...',
	'disp' => '<font ><br /></font><div align="justify"><font >Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br /><br /><font >&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br /><br /><font >Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br /><br /><font >The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br /><br /><font >Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br /><br /><font >The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br /><br /><font >&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br /><br /><font >&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br /><br /><font >RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br /><br /><font >&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br /><br /><font >On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br /><br /><font >&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br /><br /></div>',
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	'id' => (int) 4529,
	'title' => 'Food inflation beginning to look structural: Gokarn',
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<font face="arial,helvetica,sans-serif" size="3">Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br />
<br />
</div>',
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.

&ldquo;We have been emphasising that food inflation is starting to...'
$disp = '<font ><br /></font><div align="justify"><font >Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues.</font><br /><br /><font >&ldquo;We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,&rdquo; Gokarn said at a conference on inclusive development.</font><br /><br /><font >Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13.</font><br /><br /><font >The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said.</font><br /><br /><font >Gokarn said monetary policy had a limited role in curbing food inflationary pressures.</font><br /><br /><font >The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation.</font><br /><br /><font >&ldquo;It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,&rdquo; he said.</font><br /><br /><font >&ldquo;The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,&rdquo; he said.</font><br /><br /><font >RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India&rsquo;s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI&rsquo;s comfort level of around five per cent.</font><br /><br /><font >&ldquo;Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,&rdquo; he said.</font><br /><br /><font >On capital flows, Gokarn said India needed the flows to finance the high current account deficit.</font><br /><br /><font >&ldquo;Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,&rdquo; he said.</font><br /><br /></div>'
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Food inflation beginning to look structural: Gokarn

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginning to look structural and the best way to tackle it was by addressing supply-side issues. “We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,” Gokarn said at a conference on inclusive development. Food inflation, which has remained in double-digits since June last year, was at 10.15 per cent for the week to November 13. The deficiency in protein needed to be addressed with a supply response like the Green Revolution of the 1960s, he said. Gokarn said monetary policy had a limited role in curbing food inflationary pressures. The apt approach was to use monetary policy as an expectations management tool when capacities were stretched, he said, adding there was a threat of spillover of sectoral inflation drivers to broader inflation. “It (monetary policy) is not going to solve the problem because we need a supply response to solve the problem...We have a limited role in trying to prevent escalation of food inflationary pressures,” he said. “The monetary response is to ensure that expectations are anchored and that we do not allow the food pressures to translate into larger wider inflationary pressures and that is what we have been doing all along,” he said. RBI has raised short-term benchmark rate by 150-200 basis points since March in a bid to curb inflationary expectations. India’s headline inflation rate was at a nine-month low of 8.58 per cent in October, but way above RBI’s comfort level of around five per cent. “Actions are conditioned by the need to prevent food inflation from spilling over to broader inflationary pressures as the economy is reaching capacity limits. That risk is high and we need to act accordingly,” he said. On capital flows, Gokarn said India needed the flows to finance the high current account deficit. “Because it (current account) is large we have to worry how to finance it. Our problem or situation is quite different from that of our Asian neighbours, who are running current account surpluses and still dealing with capital inflows,” he said.