Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

-The Economic Times   Food inflation climbed into double digits after a fivemonth gap, prompting finance minister Pranab Mukherjee to term the trend "disturbing". The wholesale index for food articles rose 10.1% for the week to August 18 from a year earlier on account of a sharp increase in prices of vegetables and cereals, data released on Thursday showed. The index was at 9.8% in the previous week. "This is really disturbing,"...

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

-The Business Standard   Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, food inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, food inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...

The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...