-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
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A Solar Sunrise in India-Nikhil Inamdar
-The Business Standard Policymaking in India is more often than not credited for its high nuisance value, rather than for positively aiding growth. Whether Oil & gas, power, mining or any other core sector of the economy, government policy has frequently hampered rather than assisted the positive development of these industries. There is however one segment of the renewable energy space - solar power, that's vastly benefitted from concerted government action...
More »No rethink on subsidised LPG: MOily
-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa MOily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
More »The focus is now on the fiscal deficit -Renu Kohli
-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...
More »LPG price hiked by Rs 3.46 per cylinder due to increase in dealers' commission
-The Indian Express The price of LPG has been hiked by Rs 3.46 per cylinder because of the the increase in the commission of the dealers. The hikes comes after the government accepted a recommendation for increasing the commission paid to dealers by over 9 per cent. The Petroleum Planning and Analysis Cell, the fuel pricing arm of the Oil Ministry, had recommended raising the commission paid to dealers by Rs 3.46...
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