-PTI Select food items, fuel and clothing grew more expensive in July, leading to a 1.47 per cent rise in the Consumer Price Index (CPI) vis-a-vis the month of June to 110.4 points. The CPI, based on retail prices, stood at 108.8 points in June, as per data released by the government on Thursday. At the all-India level, the CPI for 'food, beverages and tobacco' went up by 1.57 per cent to 110.3...
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Give food some thought by Surinder Sud
Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...
More »The proposed legislation can sprout trouble by Bhavdeep Kang
Union Agriculture minister Sharad Pawar’s made a last-ditch effort to win support for his controversial Seed Bill, 2010 by calling an all-party meeting in Parliament earlier this week. He was candid about the fact that this legislation tops his “must do” list. But the Opposition — supported by a section of the Congress—weren’t having any of it. “The proposed bill is not only anti-farmer but also brazenly favours multinationals in the...
More »Food inflation up at 8.04% on lower base
-The Business Standard Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, food inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, food inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...
More »Record output of foodgrains estimated; may dampen prices by Ruchira Singh
The government’s latest estimates show that foodgrain production in the crop year 2010-11 rose sharply by 10.75% to a record 241.56 million tonnes (mt), a move that could potentially have a dampening effect on inflationary expectations. The impressive increase led by wheat, maize and pulses is revealed in the final estimates for 2010-11, and is partially explained by the fact that 2009-10 was a drought year. The crop year extends from July...
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