-The Hindu Wholesale inflation at eight-month low Inflation in December eased at both the retail and wholesale levels with the consumer price index (CPI) coming in at an 18-month low and the wholesale price index (WPI) registering an eight-month low mainly due to falling fuel prices, according to two separate releases by the government on Monday. Growth in the CPI stood at 2.19% in December, down from the 2.33% registered in November. The...
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In poll-bound Chhattisgarh, women stick to chulhas despite LPG scheme -Nidhi Sharma
-The Economic Times Vimla Nishad bends on her small chulha and tries to light a fire. Her two-room house fills up with smoke and her two-year-old son starts coughing. The firewood is damp as it has been raining the whole day so it is taking longer to light up. She looks around nervously as it is 8 pm and she has to get the dinner going. Sitting in one corner of...
More »Indian Workers on Starvation Wage -Subodh Varma
-Newsclick.in By all accepted standards, the official minimum wages in states are just enough to keep the worker alive. What they actually get is even less. Minimum wages of industrial workers in India are less than half of what a justifiable calculation – based on minimum calorific intake and the barest minimum of other expenses – suggests. While the central govt. using a well-accepted standard formula provides Rs.18,000 per month to its...
More »Retail inflation at five-month high of 5% in June despite easing food prices
-PTI The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. Retail inflation rose to 5 per cent in June, a five-month high despite easing food prices, government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was in January...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
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