-The Telegraph ‘Hundreds of workers have left for other states and more are following them these days' Siliguri: The trend of out-migration from Bengal — often linked to the lack of employment opportunities in the state — is back in different districts after the Covid-19-induced gap of two years. Senior government officials and elected representatives at rural bodies in a number of districts admitted that they were witnessing the exodus of workers, who...
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Bullish on the India story, but banks not helping: MSME sector -K Sunil Thomas
-TheWeek.in Demand funding to recover from pandemic shock Indian businesses are bullish on the economy and India’s growth story, but could do with some help from the banking system. This was the message Indian businesses, especially those from the medium and small scale industries sector, have for the establishment. “When it comes to cost of capital, our banks have not done enough,” said Saket Dalmia, the new president of the PHD Chamber of...
More »High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
More »Inflation accelerates to 7.41%, highest since April -Vikas Dhoot
-The Hindu September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from the Reserve Bank of India India’s retail inflation accelerated to 7.41% in September from 7% in August, with food price inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office (NSO) said on Wednesday. At 7.41%, September’s retail inflation level is...
More »The story of the migrating, dairy-farming Gujjars -Prakash Chand
-VillageSquare.in In a yearly ritual forest-dwelling Gujjars migrate to a partially dried-up dam in Uttarakhand where their cattle graze with plenty of water and fodder around, and the farmers supply milk to nearby towns. Evenings are abuzz around the dam in Nanakmatta in Uttarakhand’s Terai region at the foothills of the Himalayas.&NBSp; People carrying bottles and vessels make a beeline for a community of dairy farmers that make the dam their temporary residence...
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