-The Economic Times Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....
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Giving agriculture its due
-The Hindu There are obviously several dimensions to India's recent agricultural performance which Finance Minister P. Chidambaram in his budget speech termed as "stellar". A week before the budget, Agriculture Minister Sharad Pawar had announced that foodgrain production is on course to touch a new record of 263 million tonnes, up from 255.36 million tonnes last year. The good performance is seen with regard to other crops too. Estimates of...
More »Between 2000 and 2012, jobs grew by a mere 2% per year -Subodh Varma
-The Times of India As India heads towards a bruising general election, one of the key issues in the minds of both people and political parties is jobs. Big parties and their star campaigners can already be heard harping on the theme. The reason is that the jobs scenario has been decidedly grim for more than a decade. Between 2000 and 2012, jobs have increased at an abysmal rate of just 2.2%...
More »Food inflation may ease but supply-side woes pinch farmers, consumers -Anil Sasi
-The Indian Express Farmers are simply not among those benefiting from the higher prices of their produce. While a fall in headline inflation numbers will ensure some breathing space for embattled policy makers, the sharp surge in food inflation to a 41-month high of close to 20 per cent in November hides an even more disturbing fact - that despite the consistent spike in the year-on-year agri price levels at the...
More »Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
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