-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...
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Real cure for Inflation headache: Fix rural infrastructure, process more food
-The Economic Times Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....
More »Parting gift: wage hike and road relief -Basant Kumar Mohanty
-The Telegraph New Delhi: The UPA has hiked wages for national job scheme workers by 4-18 per cent in what appears to be a "parting gift" before the elections, but failed to match "arbitrary" revisions in minimum wages for agricultural labourers in 12 states, including Bengal. According to the new wage rates under the Mahatma Gandhi National Employment Guarantee Act, an MGNREGA labourer in Haryana will get Rs 236 a day, the...
More »UPA plans poll tweak for MNREGA
-The Times of India NEW DELHI: Keeping an eye on the 2014 Lok Sabha polls, the UPA government is considering to raise the workdays under its ambitious rural employment guarantee programme- MNREGA- from 100 to 150 days per year for forest dwellers and tribals. The Union Cabinet on Friday will consider the proposal for additional 50 days of employment to beneficiaries who have been granted land titles under The Scheduled Tribes and...
More »Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
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