-Newsclick.in Even as the growth rate of the Indian economy is slowing down, and the index of industrial production (IIP) is actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in the economy has started accelerating. Significantly, the acceleration in inflation has been the sharpest precisely during these very months when the contraction in industrial output has been the...
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The cost of food
-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
More »Onion crisis reveals how little the Government can do when the chips are down -Siraj Hussain
-TheWire.in Even if we had enough buffer stock, which we don't, the Centre has no delivery mechanism. The only viable alternative is to create modern storage infrastructure, but who is interested in doing that? It appears that it is the humble onion which is finally teaching urban India’s middle class of the perils of climate change. The deniers may still not want to believe it, but the current crisis of high onion...
More »Simply Put: What is driving onion prices -Parthasarathi Biswas
-The Indian Express Government has called for import of 1 lakh tonnes of onion to help control rising prices. What has been causing the increase in prices since May, and how far can the new move be expected to reverse the trend? Pune: LAST WEEK, Ram Vilas Paswan, Union Minister for Food and Civil Supplies, directed the state-owned trading corporation MMTC to import 1 lakh tonnes of onions to help ease...
More »More tears in store? Onion prices may hit new high amid low supply
-The Hindu Business Line Retail Prices of onion, which had softened a bit last month, have rebounded over the past few days on continued supply disruption, touching the Rs.100 per kg mark in pockets of consuming centres such as New Delhi and Chennai. The bulb could bring more tears to consumers in the days ahead, trade sources said, as the prices are likely to hit new highs with the crop sown in...
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