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Who said inflation is down? -Rajalakshmi Nirmal

-The Hindu Business Line Though the overall price trend is declining, for many items of daily consumption, especially food, it has risen Wholesale and consumer price indices are trending lower, but this has not brought relief to the common man. In May, the wholesale price index recorded negative growth for the seventh consecutive month. The consumer price index edged marginally higher in May to 5.01 per cent, from 4.87 per cent a...

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Food price surge puts Raghuram Rajan on the back foot -Rafael Nam and Rajendra Jadhav

-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut interest rates three times...

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Farmers are being punished to keep food prices low -Devinder Sharma

-ABP Live Some days back the death of Surjit Singh, who had met Rahul Gandhi a few days before he committed suicide, once again brought the focus on the tragic but unresolved issue of farmer suicides. A few days after Surjit Singh consumed sulphos tablets, another 36-year-old farmer, Baljinder Das Bairagi from Sangrur, hanged himself from a ceiling fan. He carried an outstanding loan of Rs 7-lakh. A survey done by three...

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Govt to test samples of packaged, bottled milk

-The Indian Express New Delhi: Officials said other dairy products like milk powder, processed cheese, butter and flavoured milks would also be included in the drive. After the scare over detergent being found in some Mother Dairy milk samples in Agra, state health officials said the Delhi Food Safety department will also be collecting samples of packaged and bottled milk for safety analysis. Officials said other dairy products like milk powder, processed cheese,...

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Who cares for the small farmer? -PSM Rao

-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...

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