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Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine

-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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Pulling manufacturing out of the rut-Arun Maira

-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...

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In the name of socialism-Kanwal Bharti

-The Hindu Despite deriving their power from Dalits and the marginalised, the principal parties in Uttar Pradesh have turned away from the real issues confronting these sections, says Dalit writer Kanwal Bharti on his recent arrest My recent arrest has superbly exposed the well crafted illusion of socialism as professed by the Samajwadi Party (SP). I was arrested under Sections 153 and 295 A of the Indian Penal Code for criticising the...

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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...

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Food prices rose 157% between 2004 and 2013 -Subodh Varma

-The Times of India NEW DELHI: If you were to ask any random aam aadmi anywhere in India what is the single biggest failing of the UPA, the answer would be - price rise. This is so because the most important items of family spending - food items - have relentlessly risen for the past several years despite repeated promises to bring them down by the economic mandarins and policy wonks...

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