-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...
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Retail inflation soars to 6.3%, a 6-month high
-The Hindu Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday. Consumers experienced an inflation of 11.58% for the ‘fuel...
More »It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Petrol, diesel price hike: RBI governor calls for reduced indirect taxes on fuel -Anulekha Ray
-Livemint.com * Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel * On 20 February, petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre Reserve Bank of India governor Shaktikanta Das called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level. Petrol and diesel prices in...
More »Is the new farm trade regime fueling food inflation? -Sayantan Bera
-Livemint.com Trade moving outside regulated markets could lead to speculation and volatile prices, warn experts NEW DELHI: After the Centre enacted a new set of laws freeing internal trade in farm produce, crop arrivals in regulated wholesale markets have witnessed a sharp decline. However, off-market transactions between farmers and traders which are going unrecorded could be fueling food inflation as traders engage in speculation and hoarding, experts said. An analysis of numbers from...
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