-Down to Earth Among states, West Bengal had the highest inflation at 10.29% The All India Consumer Price Index (CPI) for the month of August 2022, released by the National Statistical Office September 12, was found to be higher for rural areas than urban ones. The CPI in rural areas — 7.15 per cent — was higher compared to 6.72 per cent in urban markets. The Consumer Food Price Index (CFPI) for rural...
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Retail inflation inches up to 7% in August led by food price rise
-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. This is the eighth successive month that retail inflation...
More »Monetary Policy Alone Inadequate To Tame Inflation -Dr. Amar Patnaik
-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...
More »Rajasthan launches 100-day job scheme for urban areas
-Hindustan Times Rajasthan chief minister Ashok Gehlot on Friday launched the ‘Indira Gandhi Urban Employment Scheme’ to provide 100 days of employment in a year to families residing in urban areas. Launching the programme at a state-level event in Ambedkar Bhawan, Gehlot termed it a “historic initiative”. He added that the new scheme was mirrored along the lines of MGNREGA, which was started during the UPA government’s tenure for employment in rural areas...
More »33% Indian households cut milk consumption amid price rise concerns: Survey
-IANS/ Business Standard LocalCircles -- a community social media platform -- conducted a survey to gather information on how the households are coping with it Rising prices of milk has led to one in three Indian households either downgrading brand or reducing consumption, says a survey. Amid complaints on rising milk prices, LocalCircles -- a community social media platform --, conducted a survey to gather information on how the households are coping with...
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