-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
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Food prices rose 157% between 2004 and 2013 -Subodh Varma
-The Times of India NEW DELHI: If you were to ask any random aam aadmi anywhere in India what is the single biggest failing of the UPA, the answer would be - price rise. This is so because the most important items of family spending - food items - have relentlessly risen for the past several years despite repeated promises to bring them down by the economic mandarins and policy wonks...
More »WPI, CPI divergence seen in food inflation-Partha Sinha
-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
More »Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
More »PM Manmohan Singh promises help to states for improving farm production
-PTI NEW DELHI: Flagging the challenge of raising foodgrain production, Prime Minister Manmohan Singh today promised all assistance to states for improving agricultural growth. "It's a challenging job to increase production of foodgrains and other crops for the growing population of the country, especially, because agriculture is still dependent on monsoon in large parts of the country," he said, addressing a gathering of farmers, who arrived here as part of a nationwide...
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