-The Business Standard Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, food inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, food inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...
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City’s poor dwellers are no richer than village counterparts -ENS Economic Bureau
There’s not much difference between the spending patterns of the urban and rural poor but the city-village divide becomes much wider amongst the rich in each class. These are some of the key findings of the National Sample Survey Organisation’s (NSSO) 66th round of survey on household consumption expenditure. The survey, which was carried out between July, 2009 and June, 2010 has revealed that the poorest 10 per cent of India’s...
More »Jean Dreze, economist interviewed by Ullekh NP
Jean Dreze, until recently the intellectual driving force behind the National Advisory Council , is measured but unmistakable in his disenchantment with many current UPA welfare schemes. The economist who quit the Sonia Gandhi-led NAC in late June, won't comment on whether the UPA government has failed the NAC. But, he tells Ullekh NP, there's not enough empathy in the Indian establishment for the poor. Programmes like NREGA, he says, attract...
More »Food inflation eases to 7.78%
-The Times of India Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the economy. Data released by the commerce ministry showed that food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...
More »Prices set for higher jumps by Gaurav Choudhury
The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...
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