-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
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Save the farmer -Devinder Sharma
-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...
More »Chaudhuri committee on WPI facing difficulties with Producer Price Index-Nayanima Basu & Sanjeeb Mukherjee
-The Business Standard Deadline extended by three months to March 31 for submitting report After a push from the Prime Minister's Office (PMO), a committee headed by Planning Commission member Saumitra Chaudhuri seems to be giving its full attention in moving towards Producers Price Index (PPI) that will give accurate calculation of movement of inflation. To help the panel finish its task, the government has extended its deadline by...
More »Inflation Remained a Big Challenge for Govt, RBI in 2013 -Joyeeta Dey
-Outlook A surge in food prices ripped common man's pockets as the UPA government paid for its failure in the assembly polls in four states and may feel the heat in next year's general elections as well if it is not controlled. Prices of kitchen essentials such as onions spiked to a record Rs 100 per kg and tomatoes touched Rs 80 in some states during the year, pushing the food inflation...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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