The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...
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In India's grain bowl, farms face threat from MNREGS
-Reuters Sitting at the edge of fields in the heart of India's grain bowl, Gurdayal Singh Malik shakes his head in resignation about the lack of workers needed for his 60-acre farm, blaming the government's flagship welfare program, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), for the shortage. Ever since the start of the program, which guarantees 100 days of work a year for rural households, the flow of...
More »No respite from price rise, food inflation up 9.01%
-The Times of India Notwithstanding the government's projections of a moderation in the rate of price rise of food items, food inflation jumped to a two-month high of 9.01 per cent for the week ended May 28 on the back of costlier fruits, onions and protein-based items. Food inflation, as measured by the Wholesale Price Index (WPI), was 8.06 per cent in the previous week, while it was as high as...
More »Impasse over Lokpal: Is there a lesson in the 2G scam? by Shalini Singh
Anna fasts to include PM in Lokpal. Govt says no. Is there a lesson in the 2G scam? One of Anna Hazare's main demands, leading to his renewed fast against the government's brutal attack on the common man at Ramlila Grounds is the government's refusal to negotiate on the PM being brought under the purview of the Lokpal Bill. A careful analysis of the government's resistance fails to demonstrate good intent, both...
More »Basu pitches for FDI in multi-brand retail to tame inflation
-The Business Standard Concerned over rising inflation, the Inter-Ministerial Group (IMG) today suggested opening up multi-brand retail to foreign investors and changes in agriculture marketing laws to check the rate of price rise. “We are taking a clear position on Foreign Direct Investment (FDI) in multi-brand retail. Of course, it is a recommendation, not policy,” said chief economic advisor and IMG chairman Kaushik Basu. The IMG, he added, favours formulation of a...
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