-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...
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Retail inflation refuses to ease, rises to 11.24% in Nov-Indivjal Dhasmana
-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...
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 »Fewer homeless people
-The Business Standard But urban homelessness has increased As part of the 2011 census operations the government took a count of homeless people across the country on the night of February 28, 2011. The numbers of India's homeless population emerging from that survey were made public a few days ago. Although a single-day exercise has many advantages, some people have also contested it - at least one non-governmental organisation working in the...
More »NGO showcases Gujarat’s ‘other story’
-The Telegraph Kolkata: An NGO set up in response to the 2002 carnage in Gujarat has decided to carry out awareness programmes across the country in the run-up to the 2014 Lok Sabha elections to highlight the potential pitfalls of Narendra Modi becoming Prime Minister. "A dream of development is being shown to the people of India.... But that is not the reality. There is another side to the story of Gujarat,...
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