India needs to initiate a number of steps to manage the emerging situation. After three consecutive good years, agricultural production has faltered in the last two years. There was a fall in production to the tune of 1.6 per cent in 2008-2009 compared to the previous year. This year, again, agricultural production is likely to be down by 2 per cent or more. The deceleration in the growth of foodgrain...
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Poverty up, social schemes to get boost by Pradeep Thakur
The Suresh Tendulkar committee report revising upwards poverty estimates across the country may further strain government finances with many of the states already demanding special status to address the issue and an enhanced allocation under many of the pro-poor schemes. The committee, in its report submitted to the Planning Commission last week, had estimated that 37% of India’s population is under the poverty line, while the proportion of the poor...
More »Food inflation up at 17.47%, onions still costly
Food inflation soared to 17.47 per cent in the third week of November from 15.58 per cent a week ago, mirroring a shortage in supply that set in following weak monsoon in the country. With the economy on upswing, analysts said the rising food prices should prompt the government and the Reserve Bank of India to shift their focus on controlling inflation, otherwise it would increase manufacturing inflation as well. The...
More »Inflation doubles as food prices go up by Sujay Mehdudia
Amid concerns that the Reserve Bank of India (RBI) could tighten its monetary policy in January 2010, inflation during October more than doubled to 1.34 per cent, as compared to 0.5 per cent a month earlier, mostly due to the rising cost of essential food items. In the first monthly data released by the government on Saturday, the build-up inflation in the financial year so far was 6.13 per cent...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
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