-The Hindu Stimulus measure to link pay to consumer price index with annual revision. Staring at a slump in rural demand and a slowdown in the rural economy, the Centre plans to inject more money into the UPA’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. It hopes this will increase wages, thus increasing...
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How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
More »Govt deal no lifesaver for Kashmir apple-growers, could leave them poorer -Azaan Javaid
-ThePrint.in Centre's procurement deal through NAFED offers Kashmir apple farmers a lower rate than last year, while also changing the definitions of different categories Srinagar: The Centre’s decision to procure Kashmir’s apple produce to prevent distress sales amid tensions in the Valley will put farmers at a disadvantage over conventional sales, ThePrint has learnt. With militants reportedly threatening traders against conducting business, and a public curfew in place against the decision to...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
More »IIP growth rebounds, retail inflation surges
-The Hindu Electricity sector growth, however, slows to 4.75% in July from 8.19% in June; food inflation at a 14-month high Industrial activity rebounded in July to 4.3% on a broad-based recovery across key sectors such as mining, manufacturing and construction, official data released on Thursday showed. In a separate release, data showed retail inflation rose in August to hit a 10-month high of 3.21% on quickening food price rises. Growth in the Index...
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