-Business Standard Vegetables as a category showed deflation of 4.78% in December y-o-y, which meant prices started rising substantially in January New Delhi: Vegetable prices in Azadpur wholesale market have risen in the range of 20-40 per cent in January 2015 as compared to the corresponding period last year. A few items saw a rise beyond this range. While carrots turned expensive by 129 per cent, peas, spinach and cabbage prices increased...
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The twist in the growth story -C Rangarajan
-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...
More »Economists dispute govt. claims on PDS leakage -Rukmini S
-The Hindu New Delhi: Just how leaky is the Public Distribution System and is it getting worse or better? The question is at the centre of a dispute between economists over recent estimates of diversion in the PDS used in an official report. The Shanta Kumar high-level committee on the restructuring of the Food Corporation of India submitted its report to Prime Minister Narendra Modi last week, recommending a gradual move...
More »Spurt in vegetable prices next month may be spoiler for inflation, warns RBI
-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
More »Bihar, Odisha witness sharp fall in PDS leakages
-The Financial Express Bihar, Chhattisgarh and Odisha have reported sharp falls in grain leakages through public distribution system (PDS) during the period between 2004-05 and 2011-12, according to an assessment by development economists Jean Dreze and Reetika Khera. In Chhattisgarh, which took several measures such as digitisation of beneficiaries lists, fair-price shops and GPS tracking of foodgrain carrying trucks, the estimated grain leakage has reduced to only 9.3% in 2011-12 from 51.8%...
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