The price of many commodities are expected to rise this year primarily fuelled by increased demand worldwide, the International Monetary Fund has said. The demand for commodities is anticipated to grow as the global economy is improving, after witnessing one of the worst financial meltdowns in 2009. "Looking ahead into 2010, prices of many commodities are likely to increase further. The demand side should generally be the main source of...
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Hard Times by Ashok Mitra
Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the Price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....
More »India wins slowdown battle; defeated by rising prices in ’09 by Chandra Shekhar and Rakesh Pathak
India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...
More »Food inflation at 19.8% as pulses, potatoes jump
After easing a bit in the previous week, food inflation was back to near-20% levels in the third week of December as items such as potatoes and pulses continued to belie hopes of sustained relief over prices of essential commodities. The wholesale price-based index of food articles rose by 1.18% for the week ended December 19 from 18.65% a week ago. One week before that, food inflation had stood at...
More »The unsettled debate on Indian poverty by R Ramakumar
The Tendulkar Committee has pitched for a policy position that is stranded between the harsh realities of poverty and a fiscally conservative neo-liberal framework. The debate on the extent of poverty in India has been a matter of global interest in the recent years. The primary reason for the global interest in the debate is that the levels of poverty in India and China have come to exert significant influence...
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