-The Telegraph Inflation and a poor monsoon may add to our woes in an economy already plagued with high unemployment and low demand The ministry of commerce has released the latest data on wholesale price index inflation. The data on food inflation have attracted attention as it soared to a 33-month high in April 2019. However, this rate of inflation is still moderate at 7.4 per cent. The inflation has been due...
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Will food inflation be a pain for next government? All depends on cloud cover -Aparna Iyer
-Livemint.com Food inflation stood at 1.38% in April after nearly 30 months of disinflation If it rains are below expectations, the steady rise in food prices would flare up, which would be a headache for the new government Mumbai: Indians had the good fortune of experiencing benign food prices for the last two years. This streak is now about to end as food inflation is back. It was 1.38% in April after nearly 30...
More »An employment-oriented economic policy -Pulapre Balakrishnan
-The Hindu In the heated debate on jobs, the crucial link between macroeconomic policy and unemployment has not been flagged Innumerable tasks with respect to the economy await the winner of the parliamentary elections now under way, but two may be mentioned and they are connected. The first is to review the conduct of macroeconomic policy. Though it must come across as arcane, this is an element of public policy that makes...
More »Supreme Court gives RBI 'last chance' to alter disclosure policy
-The Hindu ‘Existing guidelines contrary to 2015 ruling on sharing information under RTI Act’ The Supreme Court on Friday gave the Reserve Bank of India (RBI) “a last opportunity” to withdraw a November 2016 Disclosure Policy to the extent to which it stonewalls revelation of every other kind of information under the Right to Information Act, including the list of wilful defaulters and annual inspection reports. A Bench of Justices L. Nageswara Rao...
More »How is Google's GPay operating without authorisation, Delhi HC asks RBI
-The Hindu Petition says the entity did not figure in the list of ‘Payment System Operators’ authorised by the RBI The Delhi High Court on Wednesday asked the Reserve Bank of India how could Google’s mobile payment app, Google Pay, operate in India as a payment transaction system without the requisite authorisation. A Bench of Chief Justice Rajendra Menon and Justice A.J. Bhambhani issued notice to the RBI and Google India on a...
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