-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
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Into the abyss? -Jitendra
-Down to Earth The situation of India's farmers has only become grimmer in the past decade, according to the latest National Sample Survey Office report The lot of the embattled Indian farmer only keeps on getting worse with the passage of time. In the last 10 years, the voluminous debt of Indian agricultural households has increased almost four-fold whereas their undersized monthly income from cultivation has increased three-fold. Even the number of...
More »The next farm downtrend -Harish Damodaran
-The Indian Express It's likely that India's crop production this year will be lower compared to 2013-14, given deficient rains both in the southwest (June-September) and northeast (October-December) monsoons impacting kharif as well as rabi plantings. But that by itself needn't be cause for concern. We have seen one-off farm output declines even in 2009-10, 2004-05 and 2002-03, which were also drought years. What should worry us more, instead, is the...
More »Modi U-turn for the better: Changing NREGA would have been a mistake -Rajesh Pandathil
-FirstPost.com Not all U-turns are bad. Some are good, like the one by the NDA government on the MNREGA, also called NREGA . For the uninitiated, the new NDA government had about three months back proposed to make changes to the pro-poor scheme launched by the erstwhile United Progressive Alliance. According to media reports that cited a circular, the proposal was to amend the NREG Act by restricting the area of work...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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