-TheWire.in It is for the third straight month that the retail inflation remained above the Reserve Bank of India's comfort zone. New Delhi: Consumer price-based inflation jumped to 6.95% in March, mainly on account of costlier food items, according to government data released on Tuesday. The Consumer Price Index (CPI) based inflation was 6.07% in February. The inflation in the food basket was 7.68% in March, up from 5.85% in the preceding month. It is...
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Chief economic adviser flags US rate hikes, oil prices as headwinds for Indian Economy -Shubham Batra
-ThePrint.in V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes. New Delhi: Expectations of the United States Federal Reserve hiking rates aggressively in 2022-23 to contain inflation, and volatility in global crude oil prices as result of the Russian invasion of Ukraine, are two strong headwinds confronting the Indian Economy in...
More »Fund green India -Tanvee Kanaujia and Jyotsana Singh
-The Telegraph India’s decarbonization targets as laid out at COP26 may require enhanced funding The Union finance minister, Nirmala Sitharaman, made energy transition and climate action focal points in this year’s budget. The ministry of environment, forest and climate change secured an allocation of Rs 3,030 crore. Yet, the question as to whether the financing would be adequate to ensure a timely transition to a sustainable environment stands. At COP26 held in Glasgow,...
More »Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra
-The Hindu Business Line Seeks taking necessary action as very large hoardings had taken place The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law. Stressing the need for effective enforcement of the EC Act by...
More »Amrit Kaal: Crushed Under Joblessness and Low Wages -Subodh Varma
-Newsclick.in Work participation has steadily declined, unemployment is at 7% or more and median yearly income in 2020-21 was an abysmal Rs.1.7 lakh, as per CMIE. In the past five years, the economic slowdown, pandemic and its disastrous response and the Narendra Modi government’s indifference to the common people has led to a steadily worsening economic crisis. The government, perhaps buoyed by electoral successes, has given up on reviving the living condition...
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