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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 1692, 'title' => 'Good wheat crop to ease inflation: Montek', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">"This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end figures at 9.90 per cent, much higher than the RBI estimates of 8.5 per cent.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">"I am concerned about the current inflation (WPI). It is too high for comfort right now," he said. "In next 2-3 months we will see decline in inflation."</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">To rein in inflation, the government has taken several measures which include cutting import duties on certain essential items like rice, wheat, pulses, and banned exports of certain others like non-Basmati rice, edible oils and pulses.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The central bank in its monetary policy review on April 20 has projected inflation to be only 5.5 per cent for March 2011, as the base effect will come into play. To strike a balance between growth and inflation, the RBI had hiked key policy rates and cash reserve ratio by 25 basis points each.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The moderate projection of inflation at 5.5 per cent also assumes that the monsoon would be normal and commodity prices would not firm up, RBI had said in its policy statement last week.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> ', 'credit_writer' => 'The Business Standard, 28 April, 2010, http://www.business-standard.com/india/news/good-wheat-crop-to-ease-inflation-montek/92639/on', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'good-wheat-crop-to-ease-inflation-montek-1770', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1770, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'The Business Standard, 28 April, 2010, http://www.business-standard.com/india/news/good-wheat-crop-to-ease-inflation-montek/92639/on' $titleText = 'Good wheat crop to ease inflation: Montek' $descText = ' A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. 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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 1692, 'title' => 'Good wheat crop to ease inflation: Montek', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">"This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end figures at 9.90 per cent, much higher than the RBI estimates of 8.5 per cent.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">"I am concerned about the current inflation (WPI). It is too high for comfort right now," he said. "In next 2-3 months we will see decline in inflation."</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">To rein in inflation, the government has taken several measures which include cutting import duties on certain essential items like rice, wheat, pulses, and banned exports of certain others like non-Basmati rice, edible oils and pulses.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The central bank in its monetary policy review on April 20 has projected inflation to be only 5.5 per cent for March 2011, as the base effect will come into play. To strike a balance between growth and inflation, the RBI had hiked key policy rates and cash reserve ratio by 25 basis points each.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The moderate projection of inflation at 5.5 per cent also assumes that the monsoon would be normal and commodity prices would not firm up, RBI had said in its policy statement last week.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> ', 'credit_writer' => 'The Business Standard, 28 April, 2010, http://www.business-standard.com/india/news/good-wheat-crop-to-ease-inflation-montek/92639/on', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'good-wheat-crop-to-ease-inflation-montek-1770', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1770, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'The Business Standard, 28 April, 2010, http://www.business-standard.com/india/news/good-wheat-crop-to-ease-inflation-montek/92639/on' $titleText = null $descText = ' A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. 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