-The Times of India Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates. The double digit retail inflation rate also poses fresh challenges for the UPA government which has been on the back foot for its handling of the economy. Data released by the Central Statistics Office...
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Vegetable prices push retail inflation to double digit
-PTI Retail inflation shot up to the double digit mark at 10.32 per cent in April on account of substantial increase in vegetable, edible oils and milk prices. Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38 per cent from the provisional estimate of 9.47 per cent, as per the government data release here on Friday. Vegetable prices recorded the maximum of 24.55 per cent, followed by...
More »UPA struggles to put life into annual report-Sanjay K Jha
The UPA II’s third anniversary on May 22 may witness a repackaging of old schemes, promises and achievements in the “Report to the people” as the government has little to show for 2011-12. Sources say the 13-chapter report struggles to contest the perception of policy paralysis by pointing out social-sector initiatives based primarily on welfare schemes launched during the UPA I regime or in the first year of UPA II. The government...
More »Households expect marginal fall in inflation: RBI survey
-The Economic Times Indian households expect that inflation will be somewhat reined in, points out a Reserve Bank of India survey on inflation expectations. The findings of the 27th round of the central bank's inflation expectations survey of households conducted in March 2012, show that inflation expectations for the coming three-month period marginally declined to 11.7% from 12.4% in the previous round. The inflation expectation for the year ahead period has marginally declined...
More »We are bleeding our farmers-Seemaa Kamdar
As children, we were taught to say before our meals, “Annadaata sukhi bhava.” It was a thanksgiving to God for sending the farmer to make food for us and may God bless him. Today, the farmer is helpless. He has no God to go to. Farmer suicides are the tip of the iceberg. The future of agriculture, or lack of it, is staring us in the face. Periodical doles like loan waivers...
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