-PTI/ The Hindu Business Line Retail inflation for farm workers and rural labourers cooled down to 6.32 per cent and 6.28 per cent, respectively, in August compared to the year ago period mainly due to the softening of prices of some food items. Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) was 6.39 per cent and 6.23 per cent respectively in August...
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Retail inflation to come down with easing of lockdowns: CEA
-PTI/ The Hindu “Overall, the difference between wholesale and Retail inflation is primarily due to supply-side factors which should decrease and therefore going forward even the Retail inflation should ease,” Mr. Subramanian said. Attributing the rise in inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that Retail inflation will come down in the days ahead with the easing of lockdowns. According to the government data, Retail inflation rose...
More »An Expert Explains: Decoding GDP contraction --Neelkanth Mishra
-The Indian Express The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? * How should one read the first-quarter GDP data and the contraction by 23.9%? What signal does it offer for the future? And does it give any idea of...
More »Soaring Pulses: Is the Spike in Retail Price of Moong in 2020 a Cause for Concern? -Aditya KS, Girish K. Jha and Praveen KV
-TheWire.in An increase in prices of pulses affects consumption and has ramifications for food and nutritional security. In April 2020, the Retail prices of Moong and Urad increased by 25% and 11% compared to their five-year monthly average prices. Also, the Retail prices of Moong in 2020 have consistently remained 25% more than the monthly five-year average prices for the period of March to July. An increase in prices of pulses affects consumption and...
More »Some Key Questions That Need to Be Answered About the Three Agriculture Ordinances -Nikhit Kumar Agrawal
-TheWire.in The text of the ordinances raises some questions about their stated objective to ‘free up’ curbs on trade and help farmers get a remunerative price for their crop. Recently, the Bharatiya Janata Party-led Central government introduced three ordinances to bring in far-reaching agricultural ‘reforms’ in the country. Taken together, these ordinances intend to liberalise the regulatory system in the agriculture sector, provide freedom to farmers and traders to trade in farm...
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