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Results of a survey in 4 states reveals how MGNREGA protected the poor from income shocks during the pandemic

-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13:  About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...

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Macro policy for uncertain times -Sonal Varma

-Business Standard External storms are morphing into hurricanes. India is in a relatively better position than many other countries, but this period of heightened volatility will require agility and clarity on policy Despite recovering from the pandemic, repeated global shocks have presented numerous challenges for India’s economy this year, driving inflation and evoking balance of payments (BoP) pressures. These shocks will likely persist for much longer.  In the US, even amidst signs of...

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High food PRIces push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra

-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...

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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...

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India's retail inflation rises to 5-month high of 7.41%, industrial activity contracts -Meghna Sen

-The Telegraph Food inflation, which accounts for nearly half the CPI basket, soared 8.60% in September 2022 as against 7.62% in August Driven by rising food PRIces, India's retail inflation accelerated to 7.41% in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday. The number stayed well above the Reserve Bank of India's (RBI) upper tolerance band for the ninth straight month. This...

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