-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...
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Vegetable prices push wholesale inflation to 7-month high in December
-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the Data released by...
More »WMO confirms 2019 as second hottest year on record
-World Meteorological Organisation The year 2019 was the second warmest year on record after 2016, according to the World Meteorological Organization’s consolidated analysis of leading international datasets. Average temperatures for the five-year (2015-2019) and ten-year (2010-2019) periods were the highest on record. Since the 1980s each decade has been warmer than the previous one. This trend is expected to continue because of record levels of heat-trapping greenhouse gases in the atmosphere. Averaged across...
More »A rough patch
-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation Data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
More »Exclusion errors: Decoding the female face of agricultural crisis -Swasti Pachauri
-Down to Earth Without empowering women in farming by recognising them as farmers and giving them land rights, agriculture can’t be sustained and so can’t the economy In Maharashtra’s 2019 Assembly elections, the Vidarbha constituencies presented interesting trends. The region is important politically not just for the stalwarts who contest from there, but also for the development issues it represents. More than three lakh farmers have committed suicide in India between 1991 and...
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