-The Hindu Business Line Though the overall price trend is declining, for many items of daily consumption, especially food, it has risen Wholesale and consumer price indices are trending lower, but this has not brought relief to the common man. In May, the wholesale price index recorded negative growth for the seventh consecutive month. The consumer price index edged marginally higher in May to 5.01 per cent, from 4.87 per cent a...
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Food price surge puts Raghuram Rajan on the back foot -Rafael Nam and Rajendra Jadhav
-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut interest rates three times...
More »Farmers are being punished to keep food prices low -Devinder Sharma
-ABP Live Some days back the death of Surjit Singh, who had met Rahul Gandhi a few days before he committed suicide, once again brought the focus on the tragic but unresolved issue of farmer suicides. A few days after Surjit Singh consumed sulphos tablets, another 36-year-old farmer, Baljinder Das Bairagi from Sangrur, hanged himself from a ceiling fan. He carried an outstanding loan of Rs 7-lakh. A survey done by three...
More »Rapid warming of Indian Ocean weakening the monsoon, may impact agriculture and financial sectors: Indian Institute of Tropical Meteorology
-The Economic Times NEW DELHI: The rapid warming in the Indian Ocean is weakening the monsoon, particularly over central India where agriculture is still mostly rain-fed, a study by meteorologists at the Indian Institute of Tropical Meteorology shows. The weakening trend in summer rainfall during 1901-2012 was also observed over the centraleast and northern regions of India, along the Ganges-Brahmaputra-Meghna basins and the Himalayan foothills. This will include states of Uttar Pradesh,...
More »More dal, less bhaat -Ashok Gulati and Shweta Saini
-The Indian Express Government should devise a crop-neutral incentive structure to attract farmers to pulses over paddy. Policymakers and consumers can rejoice in the light of the latest price data. Food inflation in particular has witnessed significant moderation. In May 2015, food prices were up by only 2.3 per cent at wholesale and 5 per cent at retail levels over May last year. The increases in minimum support prices for the...
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