-The Hindu Mumbai: The Reserve Bank of India's committee on comprehensive financial services for small businesses and low-income households headed by Nachiket Mor on Friday said that the Aadhaar process was adequate to enable every Indian to get a bank account by January 1, 2016. "Target is dependent on our perception of what is happening to Aadhaar. The bank account target is really an electronic target, as we have articulated it....
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WTO has a point in objecting to India’s food security act -Ashok Kotwal, Milind Murugkar and Bharat Ramaswami
-The Hindustan Times Misunderstandings about the World Trade Organization (WTO) are pervasive. The media coverage of the recent WTO meetings at Bali has added to the confusion. The bone of contention was the government procurement of the food grains in India under the National Food Security Act. The final outcome is a stopgap arrangement that has bought the Indian government some time; most importantly, it does not have to undertake any...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
More »India has highest inflation rate in Asia
-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...
More »Retail inflation refuses to ease, rises to 11.24% in Nov-Indivjal Dhasmana
-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...
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