-FirstPost.com Ram Naresh, who runs a small tea-snacks shop in Navi Mumbai isn’t really keen to discuss politics. “After all, what difference does it make to me? No matter who rules, prices keep going up,” Naresh says. Naresh, hails from a rural village in Uttar Pradesh, is clearly upset with the way prices of Dal and Onion has gone up of late. He gets to save a little from his daily earnings...
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Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
More »Inflation in prices of pulses sharpest in a decade: Crisil -Sayantan Bera
-Livemint.com Supply constraints due to lower output, higher demand on increasing incomes behind spike in prices, says report New Delhi: Inflation has come down sharply this year alongside a softening in food prices, but the rise in the prices of pulses—the second most important part of the Indian diet after cereals—has been the sharpest in a decade, Crisil Research said in a report on Monday. Retail and wholesale inflation were at 42%...
More »Trajectory of distress: From farm to factory
-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...
More »India’s drought burden -Sayantan Bera and Nikita Mehta
-Livemint.com A total of 302 districts across India, nearly half of its districts, received deficit or scanty rainfall this year A total of 302 districts across India, nearly half of its districts, received deficit or scanty rainfall this year (at least 20% short of normal), according to India Meteorological Department. Yet, only 110 districts in five states—Maharashtra, Madhya Pradesh, Karnataka, Odisha and Andhra Pradesh—have been declared drought-hit by the state governments. States...
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