-TheWire.in A claim of an 8.4% real GDP growth RATe has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narRATive that economic growth is indeed back on track. However, sorely missing from these narRATives is the inconvenient factoid on the currently dismal state of...
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Wholesale inflation surges to 30-year-high at 14.23 per cent
-The Telegraph The November figures stand out vis-a-vis a modest 2.29 per cent in the same month last year Wholesale inflation spiked to a 30-year high at 14.23 per cent in November — a level that hasn’t been seen since India embraced economic liberalisation in 1991. The surge was led by a vault in the prices of food, fuel and power, basic metals and chemical products. Inflation based on the wholesale price index (WPI)...
More »Centre's Opaque Auction Rules for Pulses Helped Millers Profit at Expense of Government -Shreegireesh Jalihal and Nitin Sethi
-TheWire.in The auctions let millers earn a bloated revenue of at least Rs 4,600 crore in four years from milling over 5.4 lakh tonnes of raw pulses, hammering government coffers and possibly the quality of daal, show documents. New Delhi: The Narendra Modi government allowed millers to fatten themselves on tonnes of pulses meant for the poor by turning an auction procedure on its head. The Reporters’ Collective’s examination of auction archives shows...
More »With No Central Policy, Indian Domestic Workers Left at Mercy of Varied State Laws: Global Report -Soumashree Sarkar
-TheWire.in The report by the CHRI urges India to RATify the Domestic Workers Convention or 'C189' as a step towards streamlining national protections for an enormous sector that is largely left to fend for itself. New Delhi: While domestic workers across the world have suffered in the COVID-19 pandemic, the astounding lack of overarching legal or policy provisions in India to safeguard their wellbeing has meant a dire downward spiral for men...
More »Retail inflation RATe rises to 4.91% in November 2021
-MoneyControl.com The CPI-based inflation RATe has increased on a sequential basis. It was 4.48 percent in October 2021. The country's retail inflation RATe, which is measured by the Consumer Price Index (CPI), rose to 4.91 percent during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 13. The inflation has increased sequentially, as it was recorded at 4.48 percent in October...
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