Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...

-The Indian Express India's wholesale price inflation accelerated 7.23% in April, compared with 6.89% in the previous month, as food and manufactured items turned dearer, heaping pressure on the central bank against any dovish approach to monetary easing despite shrinking economic activity. The government has revised up the inflation figure for February to 7.36% from 6.95% estimated earlier, according to the data released by the industry ministry on Monday. Prices of food articles...

-The Economic Times One in four posts of government statisticians are lying vacant, the government has told a parliamentary committee. The news comes amidst repeated criticism by analysts of the quality of official government data in recent months. The Ministry of Statistics and Programme Implementation has told the parliament standing committee on finance that there are about 26% vacancies in the Indian statistical Services and Subordinate Statistical Service. According to the report...

Under fire over data integrity issues, the government has tasked a panel to revise the wholesale price index (WPI) with the mandate to "enhance the reliability" of official statistics on all inflation measures.  The 31-member panel, to be headed by Planning Commission member Saumitra Chaudhuri, has also been asked to explore the possibility of getting a single agency to collect data for compiling WPI and industrial production that are hitherto dealt...

The State government of the day spares no occasion to make a mention of the “shambles” the 34 years of Left rule has left West Bengal in. The Economic Review presented in the State Legislative Assembly, however, tells a different story. It highlights several areas where the State's performance has been “impressive over the last few years”. Mention is made of progress in agriculture, industry, rural development, industrial relations and rising...