-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
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Is the govt. doing enough for the Jan Aushadhi scheme?
On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...
More »Inflation is now the top concern: Reserve Bank of India
-The Telegraph Rising prices have now come to confront central banks globally, particularly after Russia’s invasion of Ukraine Mumbai: The RBI has brought inflation control to the forefront of its agenda. Pilloried for going soft on prices, the central bank sharply raised the inflation forecast for the year and warned it would withdraw its accommodative stance if inflation strayed too far away from the target. The RBI has been prioritising growth over inflation for...
More »Retail inflation rises to eight-month high at 6.07 per cent
-The Telegraph Analysts said inflationary management had become challenging now amid rising risks to growth Retail inflation rose to an eight-month high of 6.07 per cent in February and remained above the RBI’s comfort level for the second month in a row. Wholesale price inflation — the data was also released on Monday — remained in double digits at 13.11 per cent (February) for the 11th consecutive month. Analysts said inflationary management had become...
More »Real wage rates of the rural workers hardly increased during the last 6 years
In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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