-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
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Households expect inflation to remain at current level: RBI survey -Vishwanath Nair
-Livemint.com This is a shift from the September 2014 survey where many respondents had expected inflation to rise over the next one year Mumbai: According to recent surveys conducted by the Reserve Bank of India (RBI), fewer households in India expect higher inflation in the year ahead, even though expectations regarding future economic conditions, income and spending showed a decline. In the 38th round of The Inflation Expectations Survey of Households December...
More »Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi
-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...
More »The RBI Governor’s Unwarranted Remarks -Prabhat Patnaik
-Macroscan.com Dr. Rajan's criticism of the debt-waiver scheme for farmers underscores the fact that 'social banking" gets progressively eliminated in the era of neo-liberalism. Please click here to read more. * This article was originally published in the People's Democracy, Vol. XXXIX No. 01, January 04, 2015. ...
More »Govt. targets climate groups -Suhasini Haidar & Meena Menon
-The Hindu MHA says it will not compromise on national interest After taking action against the international environment group Greenpeace, the government has clamped down on four American NGOs working in the same field - Avaaz, Bank Information Centre (BIC), Sierra Club and 350.org. Over the past month, the Ministry of Home Affairs (MHA) has directed the Reserve Bank of India (RBI) to stop all foreign funding into the accounts of these NGOs...
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