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Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target

-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...

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The Truth Behind the Gujarat Growth Model -Indira Hirway

-TheWire.in After huge incentives to corporate units, the Gujarat government is left with limited funds for education, health, environment and employment for the masses. What is the Gujarat model? In simple terms, it refers to a period from 2002-03 to 20011-12 during which Gujarat experienced a quantum jump in its growth rate. The driving force was the then chief minister Narendra Modi’s innovative interpretation of neoliberal policies. The growth strategy had three major...

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Odisha is steadily turning a dry region! -Sanjeev Kumar Patro

-The Pioneer Is Odisha in the grip of climate change adversity? This looks apparent when for last three consecutive years, i.e., 2015 to 2017, the State keeps recording a condition of excessive to mildly dry even during the monsoon period of June to September. Moreover, the State has recorded wet conditions only during the cyclone or heavy flood years during the period 2009-2017. Sample this: According to the available data with Met...

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Rural incomes: Why farm prices are now more prone to falling than to rising -Harish Damodaran

-The Indian Express The transition from a regime of ‘downward stickiness’ to ‘upward stickiness’ has relevance beyond economic jargon. Here’s how Agricultural commodity prices in India have traditionally exhibited what economists call “downward stickiness” — resistance to any declines, while rising at the slightest demand-supply imbalance. That conventional wisdom may have been turned on its head by demonetisation. The tendency now is for prices to be increasingly “sticky upward”. The accompanying table (right)...

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heavy rains hit TN capital, leave homes & crops in districts submerged

-PTI Chennai: Torrential rains for about ten hours overnight halted normal life in Tamil Nadu’s capital and neighbouring districts of Kancheepuram and Tiruvallur. Schools and colleges—already closed since 31 October due to rains—have been shut today as well in Chennai, Kancheepuram and Tiruvallur districts. The India Meteorological Department forecast heavy to very heavy showers in north coastal Tamil Nadu till Saturday. It said Thursday's low-pressure area over Sri Lanka and adjoining south West Bay...

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