-PTI WPI Inflation, which was on a declining trend since December 2017, accelerated in April due to an unfavourable base effect, a seasonal uptick in food prices as well as the pass through of rising global crude oil prices. New Delhi: Inflation based on wholesale prices touched a four-month high of 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables. The Wholesale Price...
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On International Workers' Day, Twelve Thousand Workers Demand Increase in NREGA Wage Rate
-Press Statement by NREGA Watch Today, International Workers Day or “Mazdoor Diwas” was celebrated across Jharkhand by collectives of individuals and organisations, culminating a week long series of intensive activities. Thousands of workers gathered in over twenty five blocks across Jharkhand including Kisko (Lohardaga), Chattarpur (Palamu), Manika and Mahuadandh (Latehar), Raidih and Basia (Gumla), Topchanchi (Dhanbad) and Janiamore (Bokaro). Aside from workers, pensioners and other rural residents, these events were...
More »The misery of farmers in the midst of plenty -Himanshu
-Livemint.com For the first time during the tenure of the present government, overall Inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
More »Why farm deflation is essentially a problem of liquidity -Harish Damodaran
-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...
More »Will raising minimum support price necessarily lead to higher Inflation? -Sanjeeb Mukherjee
-Business Standard High MSPs could raise food prices, fear experts; some analysts say there will be marginal, crop-intensive impact To what extent will the government’s efforts to increase minimum support prices (MSPs) and spread their benefits translate into food Inflation? And if they do, which are the crops that will be instrumental in pushing the price level up? From the NITI Aayog to industry leaders to the Reserve Bank of India (RBI), all...
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