-PTI Pilot also made several other announcements including those for opening 50 Retail outlets for the sale of bio-diesel and building several roads in the state. JAIPUR: Rajasthan has generated the largest number of man days, totalling 30.03 crore, of paid employment under the MGNREGA scheme among all states in the country, said Deputy Chief Minister Sachin Pilot. Pilot made this revelation in the state assembly late Thursday night while replying to a...
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India to witness severe food inflation due to extreme weather -Richard Mahapatra
-Down to Earth The record-breaking vegetable price rise indicates an era of high food inflation in coming years Rising prices of food items, particularly that of vegetables, have spiked Retail inflation to a 68-month high of 7.59 per cent in January 2020, according to the National Statistical Office. While the inflation figure captured headlines, a crucial analysis of the reasons behind this sustained increase in food prices slipped public attention. Extreme weather events...
More »Retail inflation: Why your grocery bill could remain high -Surabhi
-The Hindu Business Line Onion prices may be cooling, but food inflation likely to remain high; core inflation a worry Consumers staring at rising prices are unlikely to have much reprieve. Analysts believe that Retail inflation may be peaking now but caution that prices will remain high in coming months. So while onion prices have come down, your monthly grocery bill could still be on the higher side for the first half of...
More »Agriculture as solution -Harish Damodaran
-The Indian Express Turnaround in farm prices is the only good news in today’s overall dismal economic environment. The Narendra Modi government’s first term (June 2014 to May 2019) was marked by benign consumer food price inflation. At a mere 3.3% year-on-year, it averaged below even the 4.3% for overall Retail inflation. Politically, the ruling party benefited, given that there are far more consumers of milk in India than dairy farmers. The...
More »Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in Retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in Retail inflation has been attributed mainly to the...
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