-Frontline.in FAO’s latest report found world hunger rising. However, India’s data on food insecurity is missing. The Food and Agriculture Organisation’s “State of Food Security and Nutrition in the World (SOFI) 2022” report begins with a dismal piece of data: the number of people unable to afford a healthy diet has increased by 112 million to touch 3.2 billion, a reflection of rising food prices during the pandemic. The report, a joint effort...
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Demonetisation has Been an Utter Failure on all Fronts -Prabhat Patnaik
-Newsclick.in None of its stated objectives have been met and the entire exercise has turned out to be a mere act of converting old notes into new ones, at great inconvenience to the people. In the entire history of post-Independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs...
More »Rice and wheat stocks dip by 37 per cent -R Suryamurthy
-The Telegraph Monthly economic review of finance ministry says that there is no 'room for complacency on inflation front' The rice and wheat stocks of the central government have shrunk alarmingly by as much as 37 per cent in a year as rising food inflation signals growing shortages in the economy. Wheat and rice stocks in government-owned godowns stood at 511.36 lakh tonnes on October 1, data from the Food Corporation of India...
More »Inflation accelerates to 7.41%, highest since April -Vikas Dhoot
-The Hindu September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from the Reserve Bank of India India’s retail inflation accelerated to 7.41% in September from 7% in August, with food price inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office (NSO) said on Wednesday. At 7.41%, September’s retail inflation level is...
More »Inflation Likely Hit Five-Month High in September on Food Prices: Reuters Poll -Arsh Tushar Mogre
-TheWire.in A Reuters poll suggested inflation rose to an annual 7.3% in September from 7% in the previous month. If realised, that would be the highest since May 2022. Bengaluru: India‘s retail inflation accelerated to a five month high of 7.3% in September due to surging food prices, staying well above the Reserve Bank of India‘s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and...
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