-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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Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag
-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...
More »Petrol, diesel price rise saga explained -Abhik Deb
-The Economic Times Change in fuel price indeed has far reaching effects as its impact ranges from daily budget to macroeconomics like inflation numbers. The rise in petrol and diesel prices has been making news for the last week or so. Change in fuel price indeed has far reaching effects as its impact ranges from daily budget to macroeconomics like inflation numbers. Here is a roundup of what is happening and why...
More »As money flowed back in, how goalposts were shifted -Manoj CG & Ravish Tiwari
-The Indian Express A scrutiny of RBI’s earlier provisional disclosures and the government’s structured public remarks reveal a pattern: aware that much of the money would return, the government and the political establishment kept shifting the goalposts. New Delhi: “Tab (previous UPA) aawaz uthti thi ki kitna gaya, ab aawaz uth rahi hai ki kitna laye. Isse bada jeevan ka santosh kya ho sakta hai…Yahi toh sahi kadam hai…Woh zamana tha tab...
More »Low food inflation is bad news for farmers -Jitendra
-Down to Earth Prices of some vegetables plummeted by 60 per cent between July 2016 and April 2017, further aggravating agrarian crisis Three years after Narendra Modi-led NDA government came to power, India witnesses unprecedented level of low food inflation. States like Maharashtra and Madhya Pradesh have been witnessing farmers’ unrest for quite some time now. Six farmers were killed in police firing in a protest rally held in Mandsaur district...
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