-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
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A rough patch
-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
More »After fertilisers, Centre wants food subsidy to directly benefit farmers -Harikishan Sharma & Anju Agnihotri Chaba
-The Indian Express In Odisha, procurement of paddy during the ongoing 2019-20 Kharif Marketing Season (KMS) is, for the first time, being done from registered farmers only after Aadhaar-based biometric authentication. FIRST IT was fertilisers, where the NDA government made disbursal of subsidy conditional upon actual sales to farmers getting registered on PoS (Point of Sale) machines in retail outlets. That reform measure — to ensure that the benefit of minimum support...
More »India's growth projected to 'decelerate' to 5% in 2019-2020: World Bank
-PTI The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year. Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon...
More »Insolvent individuals may face ban on holding, running for public office -Aashish Aryan
-The Indian Express The Central government had on December 1 notified amendments to the Insolvency and Bankruptcy Code (IBC), 2016, in which it had brought a corporate debtor’s personal guarantor under the purview of the Code. The Insolvency and Bankruptcy Board of India (IBBI), as well as the Ministry of Corporate Affairs (MCA), is in favour of disallowing individuals who have been declared insolvent, from holding any public office or being the...
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