-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
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Pradhan Mantri Kaushal Vikas Yojana data till april 25: Of 17.58 lakh candidates skilled, 81,978 get placed -Aanchal Magazine & Anil Sasi
-The Indian Express Ministry cites ‘incomplete data’ as primary reason for low placement numbers. “Kaushal Bharat, Kushal Bharat” — it’s with this slogan that the government had launched its ambitious Skill India Mission in July last year, but the transformation from Kaushal to Kushal seems to be faltering at the last mile. While the government claimed to have trained twenty lakh people under its flagship Pradhan Mantri Kaushal Vikas Yojana (PMKVY), which works...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the Monetary Policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »Retail inflation inches up to 5.76 per cent in May -KR Srivats
-The Hindu Business Line New Delhi: A sharp spike in food articles inflation has led to May retail inflation inching up to 5.76 percent, weakening prospects of any RBI repo rate cut in August. This May 2016 print is higher than retail inflation of 5.01 percent in May last year and 5.47 percent in April this year. Food articles inflation jumped to 7.55 percent in May 2016 from 6.40 percent in previous month. The...
More »Coming soon: Clause in real estate bill to check bias against religion, sexual orientation, diet -Shalini Nair
-The Indian Express The anti-discrimination clause will provide recourse to buyers who are denied a house by builders owing to their caste, ethnic origin, gender, sexual orientation, dietary choices or any such factors. The Centre is set to introduce an anti-discriminatory clause in rules under the real estate Act to curb the practice of builders refusing to sell their apartments based on a buyer’s religion, marital status or dietary preferences. The Real Estate...
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