-PTI This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets To check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extraordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. “We have...
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Why has inflation moderated in India? -Sajjid Z Chinoy
-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...
More »Kharif foodgrain harvest to break past records, show first advance estimates -Sayantan Bera
-Livemint.com India’s Kharif foodgrain production is estimated at 135 million tonnes in 2016-17, 9% higher than the year before New Delhi: Boosted by a normal monsoon, India’s rain-fed Kharif harvest will be the highest ever in history, show first advance estimates of crop production released by the agriculture ministry on Thursday. India’s Kharif foodgrain production is estimated at 135 million tonnes in 2016-17, 9% higher than the year before, when a crippling drought...
More »The Liquid Alternative: The ultimate antidote to farmers' debt woes - dairying -Harish Damodaran
-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...
More »Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan
-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...
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