There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation. About 25% of imported inputs that go into manufacture of goods produced locally are imported from China. In addition, a third of consumer goods imported into India come from China. The inflation in goods exported by China was 10% in July, much higher than its overall...
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India needs to curb food wastage to tackle inflation: World Bank
-The Hindu Business Line Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...
More »4 million poor women go ‘missing' in developing nations each year: World Bank
-The Hindu Business Line About two-fifths are never born, one-fifth goes missing in infancy and childhood, and remaining two-fifths do so between the ages 15 and 59 There are close to 4 million “missing” poor women in developing countries each year, says a new World Bank report. India accounts for one million of these women. Expressing deep concern at excess female mortality or “missing” females, World Development Report 2012: Gender Equality and...
More »Address supply side on food: World Bank
-The Business Standard Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...
More »Stirring Paddy by Madhavi Tata
Hard To Ignore... * Farmers of East Godavari and West Godavari districts in Andhra Pradesh have declared a crop holiday this kharif season * No paddy will be sown across 1.5 lakh acres in the two districts * Farmers are demanding better minimum support price and subsidies on inputs * They say the rising cost of inputs causes farmers to lose Rs 10,000-15,000 per acre * If the farmers stick...
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