-The Hindu Business Line New Delhi: A sharp spike in food articles inflation has led to May retail inflation inching up to 5.76 percent, weakening prospects of any RBI repo rate cut in August. This May 2016 print is higher than retail inflation of 5.01 percent in May last year and 5.47 percent in April this year. Food articles inflation jumped to 7.55 percent in May 2016 from 6.40 percent in previous month. The...
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Does good monsoon mean big consumption boost? -Mayank Mishra
-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...
More »Farmers’ suffering: Here’s how to mitigate pain -Jaithirth Rao
-The Financial Express The previous government gave in to Luddite, anti-development NGOs and deferred the introduction of GM food crops in our country. The present government seems to be held in thrall by an unusual coalition of nativists and leftists. In the process, the Indian farmer is suffering. It appears that, for several years now, we have been importing edible oil derived from GM oilseeds. The oil importers lobby are OK...
More »MSP hike: A pay cut for farmers? -Sayantan Bera
-Livemint.com Nominal hikes in crop support prices means that farmers are bearing the burden of government policy to keep food inflation in check New Delhi: The Narendra Modi led government has set a target to double farm incomes by 2022, but in the past three years it announced only nominal hikes for support prices of rice and wheat. What’s more: the raises were lower than the prevailing retail inflation, meaning declining...
More »Chickpeas futures trading may face ban
-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while...
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