-The Economic Times PUNE: Sowing reports from across India's pulses growing regions have indicated a bumper area under the crop tipping domestic and international prices that have corrected over the last 15 days setting a downward trend in prices. A July 26th forecast by National Australia Bank predicted a fall in chick peas and lentils from their peak of $1,200/tonne to $700/tonne by September 2017. The report, however, noted that prices of pulses...
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How Well Does India Understand Inflation? -Deepanshu Mohan
-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
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...
More »Reading the pulse
-The Indian Express Government committee must work out a sustainable policy framework to address scarcity and inflation in pulses The government’s decision to form a panel headed by chief economic adviser Arvind Subramanian to study and suggest ways to contain the rising prices of pulses is a welcome move. The committee is expected to frame a long-term policy, which will look into various aspects, including the MSP (minimum support price) and bonus...
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