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Inflation down, RBI rate cut hopes up -Asit Ranjan Mishra

-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...

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Priyanka Kishore, Lead Asia Economist at Oxford Economics, speaks to Sarika Malhotra (Business Today)

-Business Today Priyanka Kishore, Lead Asia Economist at Oxford Economics tells Business Today why India's GDP may well not be 7 per cent. Excerpts from an interview. * What were the reasons that prompted you to relook at India's growth numbers? India announced a revamped GDP series in early 2015, based on the requirements of the 2008 System of National Accounts (SNA). The new method made substantial changes to both the estimation and...

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INDIA FOCUS: Rising Prices of Dal/ Pulses: How to deal with it? ... What's Being Done? ... A COMPREHENSIVE FACT CHECK...

Rising prices of dal: How to deal with it? The 68th session of the United Nations General Assembly declared 2016 as the International Year of Pulses. In India, however, ordinary citizens are under enormous duress due to the skyrocketing prices of dal/ lentils since the last one year. The website of Price Monitoring Cell of the Department of Consumer Affairs shows that dal prices varied across places. For example, the...

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Double-whammy: inflation is rising, factory output is falling

-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...

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A finger on the pulse -M Venkaiah Naidu

-The Hindu Business Line The Government has several short and long-term strategies to achieve self-sufficiency Who can deny that pulses are at the core of the average Indian diet? Therefore, the NDA government’s multi-pronged short-term and long-term strategies to meet the growing consumption of pulses in the country — from importing to increasing production through new technologies, and making cultivation attractive to farmers — is to be welcomed. In fact, pulses play...

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