-The Hindu Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils Retail Inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday. Consumers experienced an inflation of 11.58% for the ‘fuel...
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It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Rising prices are singeing Covid-battered India, Madame Finance Minister
-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit growth in the last year. When the April 2021 Retail Inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...
More »Government withdraws order on rate cut on small savings schemes -Vikas Dhoot
-The Hindu This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after switching to a quarterly interest rate setting system in April 2016. Hours after notifying significant cuts in small savings instruments’ returns for this quarter, the government has backtracked on these sharp cuts. This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after...
More »Divestment goal achievable; LIC IPO to fetch ₹1 lakh crore: CEA
-PTI/ The Hindu Inflation targeting helped in lowering volatility, level of inflation, he says Asserting that the disinvestment target of ₹1.75 lakh crore for 2021-22 was ‘eminently achievable,’ Chief Economic Adviser (CEA) K. V. Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner ₹1 lakh crore for the government. He also said targeting of Retail Inflation by the Reserve Bank of India (RBI) has helped bring down...
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