-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
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Nitish in Delhi with Rs 12000-cr demand
-The Telegraph New Delhi/Patna: Chief minister Nitish Kumar today landed in the national capital with a demand of a relief package of Rs 12,000 crore from the Centre. A day after declaring 33 of Bihar's 38 districts as drought-hit, Nitish, who met finance minister P. Chidambaram and agriculture minister Sharad Pawar, said the state's agrarian economy was totally paralysed because of the acute rainfall deficiency during the kharif season. Nitish requested Chidambaram to...
More »Second green revolution will start from Bihar: CACP chairman -Sutanuka Ghosal
-The Economic Times KOLKATA: Soon Bihar will become Punjab and second green revolution will start from these areas, said Dr Ashok Gulati, chairman, Commission for Agriculture Cost & Price at the 3rd Crop Summit held in Bihar. Dr Gulati raised the issue of unavailability of proper support value to farmers. He further told that Bihar doesn't have any issue in production but procurement is the major issue. Its rice milling capacity is...
More »Can't sustain all subsidies, says SC, underlines need for fiscal prudence -Utkarsh Anand
-The Indian Express The Supreme Court on Monday advocated a "balanced approach" on subsidies so that the country's "economy not just survives but also thrives". The court upheld the decontrol of Diesel prices for bulk consumers, who had challenged the government's policy in various high courts. Some of these cases had travelled to the Supreme Court. "We have to keep in mind that the rupee is going down against the dollar....
More »Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
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