-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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Pharma pricing norms set to be tightened -Sushmi Dey
-The Business Standard Regulator studying pricing models in various nations; draft legislation likely by end of March Pharmaceutical companies might be up for stricter price regulations. The government is planning to bring in a legislation that would take into consideration pricing models across the US, European Union (EU), China and 14 Organisation for Economic Co-operation and Development (OECD) countries. The National Pharmaceutical Pricing Authority (NPPA), which regulates prices of medicines in the market,...
More »Little respite
-The Business Standard Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the Wholesale Price Index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....
More »Sowing Revolution -Milind Wani
-Himal South Asian Agroecology as an alternative to India's failed agrarian system. Last September, inflation, as indicated by the Wholesale Price Index, rose to a seven-month high of 6.46 percent. Food inflation was at 18.4 percent, and was led by skyrocketing onion prices, which increased by a whopping 323 percent. While the Union Minister for Agriculture, Sharad Pawar, ascribed the phenomenon to nothing more than a seasonal shortage, practices such as...
More »WPI inflation eases to 5.2% in April-Vrishti Beniwal
-The Business Standard Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...
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