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Retail inflation eased to 5.6% in July

-The Hindu Industrial output growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as Base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...

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Concerned Citizens Ask FSSAI to Not Make Food Fortification Mandatory, Warn of Health and Economic Impacts

-Newsclick.in Individuals and organisations sent a letter to FSSAI saying that the chemical fortification of food is not a solution as nutrients do not work in isolation but need each other for optimal absorption. The Indian government’s plans to make mandatory the artificial fortification of certain food items has raised concerns as 170 individuals and organisations on Saturday wrote to the Food Safety and Standards Authority of India (FSSAI) urging it to...

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A cycle of low growth, higher inflation -Anand Srinivasan

-The Hindu Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery In recent times, right-leaning economists have been arguing that the Government does not need to do anything with the economy and that it will revive by itself. They call those who disagree with them, doomsday merchants. These economists reason that, like after the Great Depression, the economy rebounded worldwide, and so will...

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14,000 Scientists Warn Humanity Will Face ‘Untold Sufferings’ if it Fails to Act on Climate Change -Sandipan Talukdar

-Newsclick.in In a recent paper published in the Bioscience journal, the scientists highlighted that the world will face grave dangers if immediate global actions are not taken to stop climate change. Let us no more turn a deaf ear to the disastrous possibilities of the unabated climate change due to human activities, let us immediately tackle climate change, let us script policy change, if the human race is to avoid the ‘untold...

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Growth matters but income levels matter more -M Suresh Babu

-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...

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