-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and diesel by Rs 2 per litre to stave off rising consumer anger...
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Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target
-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...
More »Price collapse: The MSP mirage -Parthasarathi Biswas
-The Indian Express Modi government’s decision to hike import duty on edible oils has come too little, too late for soyabean farmers Latur: Arun Kulkarni planted soyabean on 10 out of his 14-acre holding in the recent kharif season and harvested 65 quintals of the crop towards September-end. But unlike most of his neighbours, this farmer from Tandulja village in Latur — Maharashtra’s largest soyabean-growing district and the country’s No. 2...
More »Will a pro-farmer trade policy help BJP electorally? -Sayantan Bera
-Livemint.com BJP-led central government has raised import duties on a range of edible oils, ahead of the crucial Gujarat assembly elections New Delhi: Ahead of the crucial Gujarat assembly elections, the centre last week raised import duties on a range of edible oils, in a bid to support growers who are bearing losses due to plunging domestic prices. On 17 November, India, the largest importer of edible oils globally, raised import duties on...
More »Higher food prices accelerate retail inflation in October
-The Economic Times Consumer inflation touched a seven-month high in October denting hopes of rate cut when the Reserve Bank of India reviews the monetary policy next month. Retail inflation, as measured by the consumer price index (CPI) rose to 3.58% in October from 3.28% in September, data released by the government showed. “While we expect the RBI’s March 2018 projection to be revised down a notch, but October’s CPI and the likelihood...
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