-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
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Pulses will not let farmers reap the benefits -Deepa H Ramakrishnan
-The Hindu Chennai: Even as various agencies push farmers to take up cultivation of pulses, questions about seed availability and procurement are making agriculturists think twice about taking it up. Pulses bring in more profits, take lesser time to grow, require lesser water than paddy and fix nitrogen in the soil, thus reducing the use of fertilizers for the next crop. “Though the price of pulses in the retail market is quite...
More »Goods and Services Tax (GST), explained
-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....
More »Post-1991, inequality has widened: Ramesh
-The Hindu India's achievements in education were mixed, says the Congress MP. Chennai: The economic reforms that started in 1991 have helped cut poverty significantly even as inequality has widened appreciably, said Jairam Ramesh, Member of Parliament, and author of a book To the Brink and Back: India’s 1991 Story. “Poverty has declined significantly since 1991 while inequality has gone up during the same period. Inequality has become sharper; it has become worse....
More »How Well Does India Understand Inflation? -Deepanshu Mohan
-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
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