-India Infoline News Service Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...
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Forget Inflation Targeting -Prem Shankar Jha
-The Indian Express It has only managed to kill manufacturing and employment growth In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...
More »Egg prices on a roll again -Aarati Krishnan
-The Hindu Business Line Though costs are down, prices are holding up on good demand for this protein source Egg prices in major Indian cities, which spiralled to ₹400 (per 100 eggs) in December last year, had moderated sharply in the first four months of 2015. But data from the National Egg Coordination Committee (NECC) shows that they have taken off again in the last three months — rising from ₹270-280 in April...
More »India's wholesale inflation falls further to (-)2.4%
-IANS NEW DELHI: India's annual rate of inflation based on wholesale prices continued in the negative territory in June, falling further to (-)2.4 per cent from (-)2.36 per cent for the month before, official data showed on Tuesday. The annual rate of inflation, as per the official wholesale price index, stood at 5.66 per cent in the corresponding month of the previous year, according to data released by the ministry of commerce...
More »More tears for Maggi than for cuts in govt’s health spends -Indranil Mukhopadhyay
-The Hindu Business Line India’s expenditure on health is just a little over 1% of its income Health care in India seems to be entangled in a vicious cycle of low public investment and poor health outcomes. Our health achievements are dubious - home to a fifth of the world’s children who die before their fifth birthday and the highest number of mothers who die while giving birth. Poorer neighbours like Bangladesh...
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