-Livemint.com What will happen to the PMGKAY beyond December 2022? It cannot continue indefinitely in its present form. At a time when central banks all over the world are into a round robin of interest rates hikes, in a context of impending recession in several major world economies, an unending war, and uncertainty about energy availability and pricing going into the northern hemisphere winter, the only cheering news was India’s further extension...
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India’s retail inflation on steady rise on the back of high food prices, may inch up to 7.3% -Lalit Kumar
-Financial Express The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added. Buoyant food prices may drive India’s retail inflation to 7.3 per cent on-year in September – 30 basis points higher than that in August, according to a forecast...
More »Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan
-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...
More »Understanding the Durga Puja economy -Atanu Biswas
-The Hindu Brisker Puja sales may not implicate a better economic climate in West Bengal There is added enthusiasm in the celebration of Kolkata’s Durga Puja after its inclusion as the 14th entry from India in UNESCO’s ‘Representative List of Intangible Cultural Heritage of Humanity’ last December. But like most major festivals, Durga Puja is not just a cultural extravaganza; it is an economic lifeline for West Bengal. But do we have reasons...
More »Punjab is usually blamed for burning paddy stubble; here is the back story to that -Gian Singh
-Down to Earth Paddy farming in Punjab was started to meet the food grain requirements of the country for which the state has been forced to pay a huge price Paddy harvesting will begin in many parts of Punjab around October 15, 2022 and will be completed in most of the state by the end of the month. The burning of paddy stubble after harvesting the crop in Punjab and the resultant...
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