-TheWire.in The ban on onion exports has proven that farmers, mostly small and marginal, will continue to hold the burden of reining food Inflation. On June 5, 2020, just after the COVID-19-induced all-India lockdown was being eased, the government promulgated The Essential Commodities (Amendment Ordinance, 2020). This move was lauded by India Inc as the move apparently signalled that the Indian government had finally decided to ease the draconian provisions of the EC...
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Retail Inflation for farm workers, rural labourers eases marginally in Aug
-PTI/ The Hindu Business Line Retail Inflation for farm workers and rural labourers cooled down to 6.32 per cent and 6.28 per cent, respectively, in August compared to the year ago period mainly due to the softening of prices of some food items. Point-to-point rate of Inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) was 6.39 per cent and 6.23 per cent respectively in August...
More »India should opt for income support so that pandemic does not turn into a financial crisis -Jahangir Aziz
-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...
More »Retail Inflation to come down with easing of lockdowns: CEA
-PTI/ The Hindu “Overall, the difference between wholesale and retail Inflation is primarily due to supply-side factors which should decrease and therefore going forward even the retail Inflation should ease,” Mr. Subramanian said. Attributing the rise in Inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that retail Inflation will come down in the days ahead with the easing of lockdowns. According to the government data, retail Inflation rose...
More »An agriculture-led revival as flawed claim -R Ramakumar
-The Hindu The crisis in agriculture demands that the government announce a strong fiscal stimulus for the rural economy A rather confident statement heard in the midst of India’s COVID-19-induced economic slowdown is this: “Agriculture will lead India’s economic revival”. But how valid is this claim put forward by government spokespersons and some observers? Four major arguments are offered. First, India’s food grain production in 2019-20 was 3.7% higher than in 2018-19. The...
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