-The Hindu Business Line     Facing criticism for rising prices, the Modi Government has blamed public expenditure on schemes such as MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) for fuelling food inflation. Curiously, the BJP wants the job scheme to continue, with the focus mainly on agriculture. According to the agenda note circulated for Friday's Conference of State Food Ministers with the Centre, food inflation is caused by both demand and supply...

-The Times of India NAGPUR: If the post election period had provided some respite to consumers with prices of food grains going down amid fears of a crackdown on hoarders in the Modi regime, low rainfall has led to a rebound in the last one week. After the new government took over, prices of several food items had eased from the level during the election time. Traders say news of poor monsoon has...

-The Business Standard   The government needs counter cyclical policies to tackle vegflation, which has become a recurrent problem Somebody help. Narendra Modi and Arun Jaitley are held hostage, not by jihadists, recalcitrant opposition, international capital or the ever-erratic monsoon, but by faceless, nameless manipulators of Nasik, Navi Mumbai and Azadpur markets. The "raw" terror they have let loose resounds in the corridors of government as well as media power. Cutting to the chase,...

-The Hindustan Times The government\'s first budget is likely to signal the new administration\'s intention of reforming India\'s fuel pricing regime with monthly hikes of Rs. 10 per cylinder of cooking gas (LPG). Each household will, however, continue to be entitled to 12 subsidised cylinders a year. Currently, a subsidised LPG cylinder costs Rs. 414 in Delhi while the market price - which consumers pay for any demand beyond the quota -...

-The Business Standard   Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....