-The Hindu The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....
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INDIA FOCUS: Rising Prices of Dal/ Pulses: How to deal with it? ... What's Being Done? ... A COMPREHENSIVE FACT CHECK...
Rising prices of dal: How to deal with it? The 68th session of the United Nations General Assembly declared 2016 as the International Year of Pulses. In India, however, ordinary citizens are under enormous duress due to the skyrocketing prices of dal/ lentils since the last one year. The website of Price Monitoring Cell of the Department of Consumer Affairs shows that dal prices varied across places. For example, the...
More »Govt raises budget for rural jobs scheme by Rs. 5,000 crore -Elizabeth Roche
-Livemint.com Fresh fund infusion means the overall budget allocation for MGNREGS in 2016-17 will be Rs43,500 crore New Delhi: The Narendra Modi-led National Democratic Alliance government has increased the budget for the national rural employment guarantee scheme by Rs.5,000 crore to Rs.43,500 crore for 2016-17, minister of state for rural development Ram Kripal Yadav told Parliament on Monday. The scheme “will not be shut down but strengthened. It is a special direction...
More »Pulses and cereals are key worries in inflation -Ishan Kumar Bakshi & Indivjal Dhasmana
-Business Standard The latest bout of retail inflation was caused by vegetables, but prices of these items are not as worrisome as those of pulses The latest bout of Consumer Price Index (CPI)-based inflation was caused by vegetables, but prices of these items are not as worrisome as those of pulses, which saw a slight moderation in June. Besides, inflation in cereals has been rising modestly, but if not checked this could...
More »Government's assessment of farm prospects point to record kharif harvest: Radha Mohan Singh -Madhvi Sally & Himangshu Watts
-The Economic Times NEW DELHI: The government's first assessment of farm prospects six weeks into the monsoon season shows the country is heading for a record kharif harvest, which should boost rural income and calm food inflation, Agriculture Minister Radha Mohan Singh said. Pulses output, which had fallen sharply after two years of drought, will rise 20% and cool prices for consumers, while farmers will gain from higher output and better prices...
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