India's food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten Monetary Policy at a faster pace. India's food price index rose 16.90 per cent in the year to June 12, higher than the previous week's annual reading of 16.12 per cent, government data released on Thursday showed. The fuel price index remained unchanged at 13.18 percent in the year to June 12. The yield...

The government would soon announce a National Employment Policy (NEP), and with this, employment creation would be mainstreamed into all macroeconomic decision-making, Union Labour and Employment Minister Mallikarjun Kharge has said. The Minister was addressing the recent 99th session of the International Labour Conference, held under the auspices of the International Labour Organisation (ILO). Mr. Kharge said the NEP would provide a holistic framework towards achieving the goal of remunerative and decent...

Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...

India’s food and fuel price inflation eased in early June, easing pressure on Reserve Bank of India (RBI) to speed up its process of tightening Monetary Policy. India’s food price index rose 16.12% in the year to 5 June, snapping a two-week rise, and lower than the previous week’s annual reading of 16.74%, government data released on Thursday showed. The fuel price index climbed 13.18%, compared with an annual rise of 14.23%...

Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly Monetary Policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...