-The Economic Times Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....
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The bane of unprofessional warehouses-Dilip Kumar Jha
-The Business Standard There is an urgent need to develop a strong warehousing system equipped with modern and scientific storage facilities Mumbai: Around 30% of India's foodgrains harvest gets wasted because it is unprofessionally managed in the warehouse, a joint study conducted by The Associated Chambersof Commerce and Industry of India (Assocham) and Yes Bank, said.Owing to extreme dearthof about 35 million tonnes (MT) warehousing capacity together with massive foodgrain storage shortfall...
More »Global food prices hit 10-month high in March-Dilip Kumar Jha
-The Business Standard Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region. While the global commodity price rise opened an opportunity for...
More »Health expense is a major burden on rural citizenry
The share of total expenditure on medical and healthcare is comparatively higher for an average rural citizen than his/her urban counterpart, reveals the latest available National Sample Survey Report (68th Round) entitled Level and Pattern of Consumer Expenditure 2011-12. Although an average urban Indian spends nearly 84 percent higher than his/her rural counterpart in a month, the share of total outlay on medical expense* is higher in case of the...
More »Food security in the time of inflation -Sonalde Desai
-The Hindu If the expansion of the Public Distribution System results in an increase in market prices, it may counterbalance the benefits of food subsidy Passage of the National Food Security Act (NFSA) has put the Public Distribution System (PDS) at the core of the national mission to feed the hungry. The PDS, operated via "fair price" or ration shops, will distribute up to 5 kg of rice at Rs. 3 per...
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