-The Business Standard Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...
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The poor without the benefits-Parkash Chander
-The Hindu Restricting the price subsidy to coarse grains alone will not only work better from both fiscal and equity points of view but also weaken the incentives for graft The National Food Security Act (NFSA), passed recently by Parliament, offers 5 kg per person a month of cereals at highly subsidised prices to more than the bottom two-thirds of the population. It has been rightly hailed as the largest welfare programme...
More »Monthly WPI inflation stood at 4.68% in February
-Press Information Bureau (Ministry of Commerce and Industry) The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of February, 2014 has remained unchanged at its previous month level of 178.9 (provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.68% (provisional) for the month of February, 2014 (over February,2013) as compared to 5.05% (provisional) for the previous month and 7.28% during the corresponding...
More »Big car error
-The Business Standard Interim Budget's partiality to sports utility vehicles The interim Budget's decision to cut the excise duty on sports utility vehicles, or SUVs, from 30 per cent to 24 per cent will certainly benefit car makers (they have already reduced their price tags), but it raises some pertinent questions. Last year, while presenting the Budget for 2013-14, Finance Minister P Chidambaram had raised the duty on SUVs from 27 per...
More »Impose 30% cess on diesel cars, panel tells Supreme Court -Dhananjay Mahapatra
-The Times of India NEW DELHI: Senior advocate Harish Salve startled the Supreme Court on Monday by presenting a report which established a direct link between death of 3,000 children annually in Delhi to the increased pollution level attributable mainly to more diesel cars on the roads. Salve said subsidized diesel price was almost at par with CNG, leading to a massive increase in sale of diesel cars. As a result, emissions...
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