-Press release by NREGA Sangharsh Morcha dated 28 July 2022 Based on the findings NREGA Sangharsh Morcha put forth the following demands: 1. All the documents pertaining to correspondence between the Central Government and the State Government on MGNREGA since 2019, including the reports of central team visits and action taken, should be made public. 2. The Labour Budget for West Bengal for the FY 2022-23 has to be approved immediately by the...
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As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan
-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it...
More »In a free fall
-The Telegraph Unlike 2013, the pressure on the rupee will endure This month, the rupee’s weakening trend has occupied our attention. Media reports have relentlessly focused on its fall to a ‘lifetime-low’ on a daily frequency. The authorities, on their part, have centred on measures to ease the mounting pressures up on the currency. Memory of the 2013‘taper tantrum’ is fresh in minds and has spurred a series of actions to prevent...
More »Retail inflation eases in June to 7.01%, but still above RBI’s upper limit -Zia Haq
-Hindustan Times Food price index leapt 7.75% in June on the back of a global spiral in commodity prices, slightly lower than 7.97% in May India’s retail inflation marginally eased for the second month in a row to 7.01% in June from a year ago, official data on Tuesday showed, but consumer prices, which rose 7.04% in May, continued to breach the Reserve Bank of India’s upper limit of 6% for the...
More »What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan
-Moneycontrol.com The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance On April 18, the government data showed that India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months. What is the significance of this data?...
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