-The Business Standard Currently wages are linked to CPI AL Mahendra Dev who heads the new committee set up by the Rural Development Ministry to determine a new index for NREGA wages said that his job is not to engineer an increase in wages to suit political interests. My job is to find a suitable index for NREGA wages based on which a new baseline wage can be fixed for 2014,...
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Health and education must be country’s central agenda -Sitaram Yechury
-The Hindustan Times The current electoral discourse shows an amazing disconnect with the actual reality of the deteriorating livelihood conditions of our people. The other day, the BJP PM aspirant thundered in Bangalore that the BJP seeks to create confidence and not fear among the people. The 2002 Gujarat communal pogrom makes this sound incredulous. There is nothing in the BJP's campaign pitch that offers any solution or a methodology for...
More »Veggie prices push inflation to 10.09%
-The Hindustan Times Prices of almost all everyday products and services - from food to footwear and movie tickets to medicines - saw a sharp rise in October, pushing retail inflation to 10.09%, the highest in seven months. Costlier onions and tomatoes saw retail inflation - a measure of prices that are asked of you at a shop - cross the double-digit mark for the first time in seven months, indicating Indians...
More »Wholesale vegetable prices in Sept. surge by 89 pc: ASSOCHAM
-PTI Wholesale vegetable prices in September this year increased by a whopping 89.37 per cent as compared to last year, an industry body said on Monday. The comparative rise observed at the consumer price index (CPI) basis vegetable prices was 34.93 per cent, Associated Chambers of Commerce and Industry (ASSOCHAM) said in a study. "Wholesale vegetable prices increased by 89.37 per cent in September, 2013 as compared to the same month last...
More »What's cooking in inflation numbers?-Soumya Kanti Ghosh
-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...
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