-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. This is the eighth successive month that retail inflation...
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Magsaysay Award -- In the eye of controversy -Sumeda
-The Hindu CPI(M) cites ‘anti-communist stance’ for declining the award for Shailaja A controversy over the ‘joint’ decision of the Communist Party of India (Marxist), or CPI (M), to decline the 2022 Ramon Magsaysay Award nomination for former Kerala Health Minister K.K. Shailaja has brought into focus the prize and the former Philippines President in whose name the award was instituted in 1957. Though the CPI(M) has cited the ‘anti-communist’ stance of Ramon...
More »Monetary Policy Alone Inadequate To Tame Inflation -Dr. Amar Patnaik
-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...
More »Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »Gujarat govt on plea challenging release of 11 convicts
-The Telegraph The plea in the apex court has been filed by CPI(M) leader Subhashini Ali, journalist Revathy Laul and activist Roop Rekha Rani The Supreme Court on Thursday sought responses from the Centre and the Gujarat government on a plea challenging the remission granted to 11 life convicts in the case of Bilkis Bano's gangrape and murder of her family members. A bench headed by Chief Justice N V Ramana issued notice...
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