-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...
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India has highest inflation rate in Asia
-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...
More »Tit-for-tat plan in potato row -Sandip Bal
-The Telegraph Bhubaneswar: The Bengal government-designed potato shortage has prompted vegetable sellers in Odisha to plan a retaliation. The traders' associations in Balasore have threatened to detain trucks carrying essential commodities and fish from Andhra Pradesh and other states to Bengal on the national highway passing through this district in retaliation to the Bengal government's decision. Despite chief minister Naveen Patnaik requesting his counterpart in Bengal, the largest supplier of potato to Odisha,...
More »Inflation in goods used by rich higher than those by poor: PHD
-PTI Inflation during the current festive season is impacting the rich more than poor as the goods used by them have seen a higher price rise a report by a industry body said. "The impact of price rise as measured by the Wholesale Price Index (WPI) is found higher on rich class at around 9.3 per cent as compared with the poor class at around 8.4 per cent," PHD Chamber of Commerce...
More »Welcoming migration
-The Business Standard A third of Indians migrate, but government ignores them A recent UNESCO report reveals how widely prevalent migration within India has become, and has once again revived the apparently endless debate on whether this trend should be curbed or encouraged. Under the United Progressive Alliance government, internal migration has been seen as a sign of distress rather than of aspiration, and thus there have been various bids to control...
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