-ThePrint.in As many as 4 import duty cuts were effected with respect to three edible oils between June and September, following a sharp rise in prices over the preceding months. New Delhi: The price of most edible oils has decreased by up to 7 per cent over the past two weeks on the back of a series of import duty cuts, bucking the usual festive-period trend of cost spurts. Approximately 60 per cent...
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A flawed calculation of inflation -Arun Kumar
-The Hindu The current official inflation rate does not correctly measure price rise Inflation for the last four months has been worryingly high — wholesale price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark in June, which was above the Reserve Bank of India (RBI)’s tolerance band. This is happening at a time when demand has been down, unemployment has been high, many have lost...
More »From would-be employed to badly employed—the group that will lead India’s next mass movement -Yogendra Yadav
-ThePrint.in We have for the first time a group that can spearhead a nation-wide movement for employment. Conventional wisdom holds that unemployment does not lend itself to political mobilisation in India. You can launch mass movements on generic issues like price rise, corruption or on sectoral issues like caste reservations or farm laws. But you cannot create a similar movement on rising unemployment, no matter how high the joblessness figure is. A...
More »price rise is driving Delhi’s food vendors to financial collapse – and their customers to hunger -Vijayta Lalwani
-Scroll.in Shooting oil prices have made food more expensive. And daily wagers who struggle to find work have less money to spare. It was past 3 pm on Thursday when Manikchand Lohar ate his first meal – two parathas with a side of vegetables bought from a stall in Delhi’s Lajpat Nagar. The 50-year-old rickshaw puller had started work at 9 am, but he had barely made enough to pay Rs 30...
More »Retail inflation eased to 5.6% in July
-The Hindu Industrial output growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...
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