-PTI Lok Sabha members on Friday raised serious concern over the prevailing high inflation and sought government’s intervention to check price rise along with streamlining the Public Distribution System (PDS). Moving a private member’s resolution on steps to control the rise in prices of essential commodities, Mahendra Kumar Roy (CPI-M) said people are suffering because of high inflation and demanded ban on futures trading in commodities. Mr. Roy also raised the issue of...
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Food prices push retail inflation
-The Times of India Retail inflation soared in February on the back of stubborn food prices sustaining pressure on consumers and complicating the policy choice for the central bank. Data released by the Central Statistics Office (CSO) on Tuesday showed the inflation rate based on all-India general CPI ( consumer price index) for February was 10.91% compared to 10.79% for the previous month. The inflation rates for rural and urban areas for...
More »Food prices worry govt ahead of 2014 elections -Rajeev Deshpande
-The Times of India The Manmohan Singh government's mission in a pre-election year seems cut out: To check and roll back retail food inflation that rose from 4% in January last year to 13% in December, a trend that could blight its 2014 poll ratings. With food prices accounting for half of overall inflation, this group stayed above 10% most of last year, higher than the overall consumer price index figure of...
More »'About 30% People Were Below Poverty Line in 2009-10'
-Outlook About 30 per cent of people in India were below the poverty line in 2009-10 that was based on the monthly per capita consumption expenditure (MPCE) of Rs 673 for rural areas and Rs 860 for urban areas, Parliament was informed today. "As per the latest available information, the poverty line at all India level for 2009-10 is estimated as MPCE of Rs 673 for rural areas and Rs 860 for...
More »Bihar tops in per capita income growth ranking-Manas Chakravarty
-Live Mint The top 15 fastest growing states with a net state domestic product at constant (2004-05) prices for fiscal 2011-12 Should the country emulate the Nitish Kumar model of development? Or a Shivraj Singh Chauhan or a Oommen Chandy model? Going by the growth in per capita income, why not have a Maharashtra or Prithiviraj Chavan growth model? The chart shows the growth in per capita net state domestic product at...
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