-PTI Inflation in 'fuel and power' basket in September was 16.65 per cent Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to the government data released Monday, food...
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Agri Distress Deepens as Crop Prices Crash -Subodh Varma
-Newsclick.in Over the past three years, prices of farm produce have gone down, pushing farmers into deeper crisis but the govt. has no solution. It is perhaps a symbol of our times, and this govt.’s alienation from the people, that it is totally unconcerned about crashing farm produce prices even though the Prime Minister and his colleagues go on harping on their commitment to double farmers’ incomes. Here is what has happened...
More »Costlier fuel pushes up WPI inflation to 3.18 per cent in April
-PTI WPI inflation, which was on a declining trend since December 2017, accelerated in April due to an unfavourable base effect, a seasonal uptick in food prices as well as the pass through of rising global crude oil prices. New Delhi: Inflation based on wholesale prices touched a four-month high of 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables. The Wholesale Price...
More »Why farm deflation is essentially a problem of liquidity -Harish Damodaran
-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...
More »New MSP may drive up farmer income by 24% -Dipak K Dash
-The Times of India NEW DELHI: Prices available to farmers for their harvest could increase by about 15% as a result of the budget announcement to hike the Minimum Support Price (MSP), according to an estimate prepared by government’s think tank Niti Aayog. This is likely to raise the income of farmers by 24%, it has projected. While proposing three options in a draft document titled “Ensuring MSP Benefits to Farmers”, the...
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