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: 150
 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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 151
 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
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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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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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
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        LATEST NEWS UPDATES | Real cure for Inflation headache: Fix rural infrastructure, process more food    </title>
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-The Economic Times


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Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared..."/>
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-The Economic Times


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                            <div style="text-align: justify">-The Economic Times</div><p style="text-align: justify">&nbsp;</p><p style="text-align: justify">Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI). And even here, things do not look good. After having fallen to 8% in February, CPI inflation has crept up to 8.3% in March. Yet, we believe that the RBI can afford to hold its policy rates, if not cut rates marginally, as a signal to boost growth, during its next policy review in June. Isn't that a contradiction? After all, faced with inflation, central banks tighten rates. But the current inflation spiral in India stems from things that are outside the pale of monetary policy: deep structural defects that boost the prices of food, especially vegetables, meat, eggs and milk. </p><p style="text-align: justify">Eggs, meat and fish became dearer by more than 11% in March, compared to 9.7% a month before. Vegetable prices soared by 8.6% and fruit cost 16.2% more. Overall food inflation was 9.9% in March, compared to 8.1% in February. High food inflation eventually seeps into wage inflation, making services, especially in India's vast informal sector, far more costly. Our food policy has so far concentrated mostly on cereals, but without success. Our grain stocks are at a record 80 million tonnes. The government should sell a lot of it, in relatively small quantities, across the entire country to moderate cereal prices. An entirely different approach is required for the rest of the food basket. </p><p style="text-align: justify">India's rural productivity has to go up. Investment must flow into infrastructure such as cold chains and rural roads to create markets for vegetable, fish and poultry farmers. Around 40% of such produce is wasted on the way to the market now. To prevent that, food processing must penetrate all the way into villages. To help that, power sector reforms are required urgently. Together, these measures can create jobs for millions of young people in rural India, besides taming inflation. </p>                                                           
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    <h1 class="cat-box-title">Real cure for Inflation headache: Fix rural infrastructure, process more food</h1>
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                            <div style="text-align: justify">-The Economic Times</div><p style="text-align: justify">&nbsp;</p><p style="text-align: justify">Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI). And even here, things do not look good. After having fallen to 8% in February, CPI inflation has crept up to 8.3% in March. Yet, we believe that the RBI can afford to hold its policy rates, if not cut rates marginally, as a signal to boost growth, during its next policy review in June. Isn't that a contradiction? After all, faced with inflation, central banks tighten rates. But the current inflation spiral in India stems from things that are outside the pale of monetary policy: deep structural defects that boost the prices of food, especially vegetables, meat, eggs and milk. </p><p style="text-align: justify">Eggs, meat and fish became dearer by more than 11% in March, compared to 9.7% a month before. Vegetable prices soared by 8.6% and fruit cost 16.2% more. Overall food inflation was 9.9% in March, compared to 8.1% in February. High food inflation eventually seeps into wage inflation, making services, especially in India's vast informal sector, far more costly. Our food policy has so far concentrated mostly on cereals, but without success. Our grain stocks are at a record 80 million tonnes. The government should sell a lot of it, in relatively small quantities, across the entire country to moderate cereal prices. An entirely different approach is required for the rest of the food basket. </p><p style="text-align: justify">India's rural productivity has to go up. Investment must flow into infrastructure such as cold chains and rural roads to create markets for vegetable, fish and poultry farmers. Around 40% of such produce is wasted on the way to the market now. To prevent that, food processing must penetrate all the way into villages. To help that, power sector reforms are required urgently. Together, these measures can create jobs for millions of young people in rural India, besides taming inflation. </p>                                                           
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-The Economic Times


&nbsp;


Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared..."/>
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-The Economic Times


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    <h1 class="cat-box-title">Real cure for Inflation headache: Fix rural infrastructure, process more food</h1>
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                            <div style="text-align: justify">-The Economic Times</div><p style="text-align: justify">&nbsp;</p><p style="text-align: justify">Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI). And even here, things do not look good. After having fallen to 8% in February, CPI inflation has crept up to 8.3% in March. Yet, we believe that the RBI can afford to hold its policy rates, if not cut rates marginally, as a signal to boost growth, during its next policy review in June. Isn't that a contradiction? After all, faced with inflation, central banks tighten rates. But the current inflation spiral in India stems from things that are outside the pale of monetary policy: deep structural defects that boost the prices of food, especially vegetables, meat, eggs and milk. </p><p style="text-align: justify">Eggs, meat and fish became dearer by more than 11% in March, compared to 9.7% a month before. Vegetable prices soared by 8.6% and fruit cost 16.2% more. Overall food inflation was 9.9% in March, compared to 8.1% in February. High food inflation eventually seeps into wage inflation, making services, especially in India's vast informal sector, far more costly. Our food policy has so far concentrated mostly on cereals, but without success. Our grain stocks are at a record 80 million tonnes. The government should sell a lot of it, in relatively small quantities, across the entire country to moderate cereal prices. An entirely different approach is required for the rest of the food basket. </p><p style="text-align: justify">India's rural productivity has to go up. Investment must flow into infrastructure such as cold chains and rural roads to create markets for vegetable, fish and poultry farmers. Around 40% of such produce is wasted on the way to the market now. To prevent that, food processing must penetrate all the way into villages. To help that, power sector reforms are required urgently. Together, these measures can create jobs for millions of young people in rural India, besides taming inflation. </p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/opinion/editorial/real-cure-for-inflation-headache-fix-rural-infrastructure-process-more-food/articleshow/33842092.cms" class="re" target="_blank">The Economic Times, 17 April, 2014, http://economictimes.indiatimes.com/opinion/editorial/real-cure-for-inflation-headache-fix-rural-infrastructure-process-more-food/articleshow/33842092.cms</a><div class="clear"></div>
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Real cure for Inflation headache: Fix rural infrastructure, process more food

Published on Apr 17, 2014   Modified on Apr 17, 2014

-The Economic Times   Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI). And even here, things do not look good. After having fallen to 8% in February, CPI inflation has crept up to 8.3% in March. Yet, we believe that the RBI can afford to hold its policy rates, if not cut rates marginally, as a signal to boost growth, during its next policy review in June. Isn't that a contradiction? After all, faced with inflation, central banks tighten rates. But the current inflation spiral in India stems from things that are outside the pale of monetary policy: deep structural defects that boost the prices of food, especially vegetables, meat, eggs and milk. Eggs, meat and fish became dearer by more than 11% in March, compared to 9.7% a month before. Vegetable prices soared by 8.6% and fruit cost 16.2% more. Overall food inflation was 9.9% in March, compared to 8.1% in February. High food inflation eventually seeps into wage inflation, making services, especially in India's vast informal sector, far more costly. Our food policy has so far concentrated mostly on cereals, but without success. Our grain stocks are at a record 80 million tonnes. The government should sell a lot of it, in relatively small quantities, across the entire country to moderate cereal prices. An entirely different approach is required for the rest of the food basket. India's rural productivity has to go up. Investment must flow into infrastructure such as cold chains and rural roads to create markets for vegetable, fish and poultry farmers. Around 40% of such produce is wasted on the way to the market now. To prevent that, food processing must penetrate all the way into villages. To help that, power sector reforms are required urgently. Together, these measures can create jobs for millions of young people in rural India, besides taming inflation.

The Economic Times, 17 April, 2014, http://economictimes.indiatimes.com/opinion/editorial/real-cure-for-inflation-headache-fix-rural-infrastructure-process-more-food/articleshow/33842092.cms

Tagged with: Infrastructure Food Security Inflation food prices food inflation price rise Agriculture

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