-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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October CPI inflation dips to 5.52%, touches historic low
-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...
More »Govt. LPG subsidy capped at Rs. 20 a kg -Puja Mehra
-The Hindu The Union government has also decided to resume providing subsidy on cooking gas through direct cash transfers straight into consumers' bank accounts. The Modi government has frozen the budget subsidy for cooking gas at Rs. 20 a kg. This will not mean any increase in price for the consumer right away. However, if international prices were to rise, as they normally do in winter, then the government will be faced with...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
More »Potato farming: India makes a hash of it -Sandip Sen
-The Hindu Business Line Output data is unreliable, which leaves us unprepared for shortages. And, farming practices are primitive The price of potatoes is once again moving up, largely due to the demand-supply gap in the market-place. The National Agricultural Cooperative Marketing Federation of India (Nafed) that was asked by the Ministry of Civil Supplies to explore the possibility of importing potatoes from Russia, China and Egypt, procured 3,500 tonnes of potatoes...
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