-TheWire.in A large chunk of India’s farmers continue to depend on commission agents and not formal institutions for credit, thereby relying on cash. It is now official. Demonetisation has led to an implosion of agricultural trade in the country. In the week following demonetisation, soyabean arrivals in select major states had collapsed by 87% relative to average arrivals over the week preceding demonetisation. The figures were 55% for paddy, 61% for guar,...
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Rural inflation surges ahead of urban price rise -Surabhi
-The Hindu Business Line Retail inflation worrisome on regional variations and transportation challenges New Delhi: Retail inflation may have eased to a 13-month low of 4.31 per cent in September, but surging prices continue to pinch the pockets of consumers in rural areas due to regional variations and transportation challenges. Though the consumer price index (CPI)-based inflation in rural areas fell to 4.96 per cent in September, against 5.87 per cent in August,...
More »How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »Tackling the political issue of onion prices -Milind Murugkar
-Livemint.com No matter which party is ruling, onion farmers will always be the victims of a biased state policy Onion prices have plummeted and onion producers in Maharashtra are in distress. Union minister Nitin Gadkari has appealed to them to diversify their production to avoid a repeat of the situation. Such appeals are unfair. For one, the minister was silent when his government brought down onion prices by restricting exports, and two, thanks...
More »What is behind inter-state differences in inflation? -Tadit Kundu
-Livemint.com Considerable differences persist across states in terms of retail inflation, mostly on account of rural food price rise Mumbai: With consumer price inflation fast emerging as the focal point of monetary policymaking in India, perhaps it is time to delve into the not-so-insignificant differences in inflation across states. To begin with, inflation, both retail and wholesale, has risen in recent months. This has raised concerns about the scope of further interest...
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