-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
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Govt cracks the whip on price rise -Sanjeeb Mukherjee
-Business Standard In last one month, chana futures prices have risen 17.37 per cent and on Thursday it closed at Rs. 6812 per quintal on NCDEX New Delhi: The government has launched a multi-pronged drive against price rise of essential commodities with different agencies doing their bit to ensure smooth supply and action against hoarders as well as profiteers. Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred launch of...
More »Centre plans to import pulses to check prices
-The Hindu Finance Minister Arun Jaitley, on Wednesday, held an inter-ministerial meeting to discuss the spiralling prices of food and carve out a strategy to cool inflation. Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, Commerce Minister Nirmala Sitharaman and Urban Development Minister Venkaiah Naidu attended the meeting. Chief Economic Advisor Arvind Subramanian was also present. During the meeting, discussions were held to devise ways to meet the gap between demand...
More »Retail inflation inches up to 5.76 per cent in May -KR Srivats
-The Hindu Business Line New Delhi: A sharp spike in food articles inflation has led to May retail inflation inching up to 5.76 percent, weakening prospects of any RBI repo rate cut in August. This May 2016 print is higher than retail inflation of 5.01 percent in May last year and 5.47 percent in April this year. Food articles inflation jumped to 7.55 percent in May 2016 from 6.40 percent in previous month. The...
More »Govt hints at lower hikes in support prices for farmers -Zia Haq
-Hindustan Times The government could move away from large hikes in support prices for farmers, agriculture minister Radha Mohan Singh hinted on Wednesday, signalling a key farm policy shift aimed at rationalising subsidies and taming inflation. The minister said some people thought the “only way to shore up farmer income is through minimum support prices”. “Wrong. This alone won’t do unless farmers diversify their activities into livestock, kitchen gardens, fishery etc. That’s our...
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