-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
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'Ujjwala connections get three refills annually on an average' -Twesh Mishra
-The Hindu Business Line Oil companies gear up to meet LPG demand after Ujjwala expansion New Delhi: The annual average demand for LPG cylinder refills is now three under the Pradhan Mantri Ujjwala Yojana (PMUY) according to IndianOil Chairman, Sanjiv Singh. “The average number of LPG refills in every household across the country was close to seven plus before the Ujjwala scheme was launched. This has now tapered to seven and the...
More »LPG, toilet, house: BJP built solid rural assets but income didn't rise
-The Indian Express “Incomes” not rising, due to low crop prices and stagnating wages, has more than offset any “asset” gains in the recent period, which also probably explains the party’s heavy losses in the three states it ruled, Madhya Pradesh, Rajasthan and Chhattisgarh. New Delhi: The big rural economy takeaway for the BJP from the just-concluded assembly elections is that mere asset creation — building roads, houses and toilets or...
More »Costlier food, fuel push Sep wholesale inflation to 2-month high of 5.13%
-PTI Inflation in 'fuel and power' basket in September was 16.65 per cent Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to the government data released Monday, food...
More »Economy in a shambles: PC
-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...
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