-The Hindu There are obviously several dimensions to India's recent agricultural performance which Finance Minister P. Chidambaram in his budget speech termed as "stellar". A week before the budget, Agriculture Minister Sharad Pawar had announced that foodgrain production is on course to touch a new record of 263 million tonnes, up from 255.36 million tonnes last year. The good performance is seen with regard to other crops too. Estimates of...
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Ajay Chhibber, Director General of the Independent Evaluation Office (IEO) & a former assistant secretary general of the UNDP interviewed by Sanjeeb Mukherjee
-The Business Standard Interview with Director General, Independent Evaluation Office, Planning Commission The Independent Evaluation Office (IEO) was created at the Planning Commission in August 2013 to monitor the outcome and effectiveness of various social sector initiatives taken by the UPA government. It began with an evaluation of the Public Distribution System (PDS). Ajay Chhibber, Director General of the IEO, a former assistant secretary general of the UN Development Programme, tells Sanjeeb...
More »Can higher interest rates tame India's food inflation? -Dipak Dasgupta
-The Business Standard The challenge to anti-inflation policy lies in better institutions and better evidence-based policy Our failure to rein in inflation has been costly. Economically, it has hurt growth. Poor and urban middle-class households have been affected the most. A combination of slowing growth and high inflation has weakened our macro-fundamentals: households fled financial savings, domestic and foreign investors lost confidence, and the rupee plunged. Politically, it has been a disaster. For...
More »Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2013
-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...
More »Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
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