-The Hindu Although the SECC’s objectives are not likely to be met, it is a big step towards providing accurate information on the well-being of the people. The release of data for rural households from the Socio Economic and Caste Census (SECC) is only the latest step in India’s tortured history of trying to count its poor. The idea behind the SECC was technocratic. Commissioned by the United Progressive Alliance in 2011,...
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Food price surge puts Raghuram Rajan on the back foot -Rafael Nam and Rajendra Jadhav
-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut interest rates three times...
More »Farmers are being punished to keep food prices low -Devinder Sharma
-ABP Live Some days back the death of Surjit Singh, who had met Rahul Gandhi a few days before he committed suicide, once again brought the focus on the tragic but unresolved issue of farmer suicides. A few days after Surjit Singh consumed sulphos tablets, another 36-year-old farmer, Baljinder Das Bairagi from Sangrur, hanged himself from a ceiling fan. He carried an outstanding loan of Rs 7-lakh. A survey done by three...
More »Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »Wholesale price index dips in May -TCA Sharad Raghavan & Sanjay Vijayakumar
-The Hindu Food inflation remained positiv, at 3.8 % compared to what it was in May 2014. Wholesale Price Index (WPI) inflation was -2.36 per cent in May, marking the seventh consecutive month in which it has been negative, compared to -2.65 per cent in April. Food inflation remained positive, at 3.8 per cent compared to what it was in May 2014. However, the consensus among analysts is that this will not...
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