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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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
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

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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-trace').style.display = (document.getElementById('cakeErr67edd9bd0a195-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="cakeErr67edd9bd0a195-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-code').style.display = (document.getElementById('cakeErr67edd9bd0a195-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-context').style.display = (document.getElementById('cakeErr67edd9bd0a195-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edd9bd0a195-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edd9bd0a195-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 14355,
		&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 14479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 14355,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Labour,NREGS&#039;,
	&#039;metaDesc&#039; =&gt; &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 14355,
	&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 14479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 14355
$metaTitle = &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;
$metaKeywords = &#039;Inflation,Labour,NREGS&#039;
$metaDesc = &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report | Im4change.org</title>
    <meta name="description" content="



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;





&quot;The pressure on generalised inflation from..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Rising rural, urban wages aiding inflation: RBI report</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" /></div><div style="text-align: justify">Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-trace').style.display = (document.getElementById('cakeErr67edd9bd0a195-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="cakeErr67edd9bd0a195-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-code').style.display = (document.getElementById('cakeErr67edd9bd0a195-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-context').style.display = (document.getElementById('cakeErr67edd9bd0a195-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edd9bd0a195-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edd9bd0a195-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 14355,
		&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 14479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 14355,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Labour,NREGS&#039;,
	&#039;metaDesc&#039; =&gt; &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 14355,
	&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 14479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 14355
$metaTitle = &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;
$metaKeywords = &#039;Inflation,Labour,NREGS&#039;
$metaDesc = &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report | Im4change.org</title>
    <meta name="description" content="



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;





&quot;The pressure on generalised inflation from..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Rising rural, urban wages aiding inflation: RBI report</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" /></div><div style="text-align: justify">Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-trace').style.display = (document.getElementById('cakeErr67edd9bd0a195-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="cakeErr67edd9bd0a195-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-code').style.display = (document.getElementById('cakeErr67edd9bd0a195-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edd9bd0a195-context').style.display = (document.getElementById('cakeErr67edd9bd0a195-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edd9bd0a195-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edd9bd0a195-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 14355,
		&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 14479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 14355,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Labour,NREGS&#039;,
	&#039;metaDesc&#039; =&gt; &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 14355,
	&#039;title&#039; =&gt; &#039;Rising rural, urban wages aiding inflation: RBI report&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;rising-rural-urban-wages-aiding-inflation-rbi-report-14479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 14479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 14355
$metaTitle = &#039;LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report&#039;
$metaKeywords = &#039;Inflation,Labour,NREGS&#039;
$metaDesc = &#039;



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;





&amp;quot;The pressure on generalised inflation from...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg&quot; alt=&quot;Inflation&quot; width=&quot;464&quot; height=&quot;474&quot; /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&amp;quot; the RBI&#039;s annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Even if I don&#039;t agree with the Reserve Bank of India, it is true that all public sector employees&#039; dearness allowances go up in line with inflation,&amp;quot; said Saugata Bhattacharya, chief economist at Axis Bank. &amp;quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&amp;quot; said Bhattacharya.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &amp;quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&amp;quot; said the RBI report.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year&#039;s,&amp;quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&amp;quot; said Pandiarajan. &amp;quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&amp;quot; said Rupa Rege, chief economist Bank of Baroda.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/rising-rural-urban-wages-aiding-inflation-rbi-report-14479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report | Im4change.org</title>
    <meta name="description" content="



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;





&quot;The pressure on generalised inflation from..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Rising rural, urban wages aiding inflation: RBI report</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" /></div><div style="text-align: justify">Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 14355,
		'title' => 'Rising rural, urban wages aiding inflation: RBI report',
		'subheading' => '',
		'description' => '<div style="text-align: justify">
<img src="tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" />
</div>
<div style="text-align: justify">
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.
</div>
<div style="text-align: justify">
<br />
</div>',
		'credit_writer' => 'The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'rising-rural-urban-wages-aiding-inflation-rbi-report-14479',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 14479,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 14355,
	'metaTitle' => 'LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report',
	'metaKeywords' => 'Inflation,Labour,NREGS',
	'metaDesc' => '



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;





&quot;The pressure on generalised inflation from...',
	'disp' => '<div style="text-align: justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" /></div><div style="text-align: justify">Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.</div><div style="text-align: justify"><br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 14355,
	'title' => 'Rising rural, urban wages aiding inflation: RBI report',
	'subheading' => '',
	'description' => '<div style="text-align: justify">
<img src="tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" />
</div>
<div style="text-align: justify">
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.
</div>
<div style="text-align: justify">
<br />
</div>',
	'credit_writer' => 'The Economic Times, 17 April, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rising-rural-urban-wages-aiding-inflation-rbi-report/articleshow/12696442.cms',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'rising-rural-urban-wages-aiding-inflation-rbi-report-14479',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 14479,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 14355
$metaTitle = 'LATEST NEWS UPDATES | Rising rural, urban wages aiding inflation: RBI report'
$metaKeywords = 'Inflation,Labour,NREGS'
$metaDesc = '



Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;





&quot;The pressure on generalised inflation from...'
$disp = '<div style="text-align: justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Inflation.jpg" alt="Inflation" width="464" height="474" /></div><div style="text-align: justify">Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation,&quot; the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation,&quot; said Saugata Bhattacharya, chief economist at Axis Bank. &quot;Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs,&quot; said Bhattacharya.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. &quot;A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act,&quot; said the RBI report.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's,&quot; said K Pandiarajan, founder, Ma Foi Management Consultants.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors,&quot; said Pandiarajan. &quot;Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA,&quot; said Rupa Rege, chief economist Bank of Baroda.</div><div style="text-align: justify"><br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

Rising rural, urban wages aiding inflation: RBI report

Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.  "The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate faster than the comparable rate of inflation," the RBI's annual macroeconomic and monetary developments report said. The wholesale price-based index inflation for March dipped to 6.89%, down from 6.95%.  "Even if I don't agree with the Reserve Bank of India, it is true that all public sector employees' dearness allowances go up in line with inflation," said Saugata Bhattacharya, chief economist at Axis Bank. "Wage price spiral is the most dangerous part of inflation. Government interventions and subventions have contributed to increase in inflations."  "Outside the public sector realm, corporate India is prepared to give a salary hike on account of increased productivity that has nothing to do with inflation. This is not accounted for anywhere. On a broader macroeconomic level, people have also lost jobs and have not got fresh jobs," said Bhattacharya.  The RBI has seen significant divergence in wage rise and inflation across major states. States such as Manipur, Rajasthan, Andhra Pradesh, Karnataka, Himachal Pradesh and Bihar have seen significant rise in both wage and inflation. "A host of factors could explain the increase in wages, including high inflation, withdrawal of the labour force with increased participation in education and government schemes such as Mahatma Gandhi National Rural Employment Guarantee Act," said the RBI report.  "There is merit in this argument but inflation is not solely led by rise in salaries. We expect salaries to increase by about 12% to 15% in the organised sector in the calendar year 2012. This range is not higher than last year's," said K Pandiarajan, founder, Ma Foi Management Consultants.  "In the unorganised sector, we have very little surveying done. Money supply, government borrowing, rising commodity prices are also contributors," said Pandiarajan. "Wage inflation is generally linked to food inflation because the dearness allowance is adjusted in line. Political factors like elections have also lead to an increase in rural income through the NREGA," said Rupa Rege, chief economist Bank of Baroda.