-Business Standard This was the fifth straight month of WPI inflation after continued deflation for over a year Unlike deceleration in its consumer price index (CPI) counterpart, the Wholesale price index (WPI)-based inflation rose to 3.74 per cent in August from 3.55 per cent in July. However, even then it remained lower than retail price index-based inflation at 5.05 per cent that had declined from 6.07 per cent in July. This was the...
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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...
More »Dark clouds over the PDS -Jean Dreze
-The Hindu The imposition of Aadhaar-based biometric authentication in the Public Distribution System threatens to disrupt recent progress with PDS reforms. It also deprives millions of people of essential food entitlements. India’s Public Distribution System (PDS) has improved steadily during the last 10 years. The system used to be most ineffective and corruption-ridden, with leakages of around 50 per cent at the national level, going up to 80 or 90 per cent...
More »Finally, some respite from dal shock -Prerna Sharma
-The Hindu Business Line Good rain, increased acreage and hike in minimum support prices likely to cool prices The Modi government has been struggling over the last two years to contain the unprecedented rise in the prices of pulses, the second-most important food item after cereals. In the interim, prices of tur have more than doubled, and near-doubled in the case of urad and chana. WPI prices for pulses increased 35.76 per...
More »Harvesting solar power could propel growth in farm income -Sayantan Bera
-Livemint.com Solar-powered water pumps will insure farmers when rains fail and also replace polluting diesel ones New Delhi: India has set an ambitious target of achieving 100,000 megawatts of solar power capacity by 2022 as well as doubling farm incomes by the 75th year of Independence. Both these targets can be a game changer for rural India if implemented in unison, suggests new research. According to a recent study by New Delhi-based International...
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