-The Telegraph Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India’s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP. “Our experience has been that...
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Manipur’s Loktak lake is losing its signature fishing rings. That may not help conserve it -Rokibuz Zaman
-Scroll.in Last month, the Government ordered all fishing rings and homestays to be dismantled. It has caused disquiet in the local fishing community. For decades, 59-year-old Oinam Rajen Singh has made a living by fishing in Manipur’s Loktak Lake. The freshwater lake in Bishnupur district is known for its phums, or densely packed, floating masses of soil, vegetation and organic matter. The fishing community, who are mostly Meitei, cut up the phums into...
More »Bharudpura Dam in MP faces disaster after first filling in Aug 2022
-South Asia Network on Dams, Rivers and People (SANDRP) Bharudpura dam (also called Karam dam) on Karam river, a tributary of Narmada river, near Gujari village in Dharampuri Tehsil of Dhar district of Madhya Pradesh faced major disaster after the very first filling in August 2022 when there was seepage from and massive erosion of the dam wall starting from Aug 11, 2022. The disaster at the Rs 304.44 crore project...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
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