-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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Retail inflation refuses to ease, rises to 11.24% in Nov-Indivjal Dhasmana
-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...
More »Onion cheer & tomato tears -Somesh Jha
-The Business Standard Onion prices in wholesale markets of Mumbai declined 48.6%, the steepest among the four metros, compared to October In November, onions, which stoked inflation in recent months and probably played a part in the Congress party's dismal performance in four Assembly elections, turned cheaper in four major cities - Mumbai, Delhi, Chennai and Kolkata - at both the wholesale and retail levels. However, the decline in wholesale prices was...
More »Bengal among most expensive states in India -Rohit Khanna & Suman Chakraborti
-The Times of India KOLKATA: You must have been complaining about rise in prices across categories - food or non-food. What you have not realized is West Bengal has become one of the most expensive states in India. Consumer price indices for October this year, filed with the Parliament barely a fortnight back, shows that Bengal's figure is now the second highest. Consumer price indices (CPI) for the rural Bengal during October...
More »Panel wants minimum wage linked to MGNREGA levels-Girija Shivakumar
-The Hindu States that increase minimum wage will have to bear extra cost from their own resources A committee set up by the Ministry of Rural Development to revise wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has offered suggestions that are likely to iron out long-standing issues relating to disparity in earnings under the scheme. Currently, MGNREGA wages are lower than the minimum wages in several States, including in...
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