-Livemint.com This is a shift from the September 2014 survey where many respondents had expected inflation to rise over the next one year Mumbai: According to recent surveys conducted by the Reserve Bank of India (RBI), fewer households in India expect higher inflation in the year ahead, even though expectations regarding future economic conditions, income and spending showed a decline. In the 38th round of The Inflation Expectations Survey of Households December...
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Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi
-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...
More »Govt. targets climate groups -Suhasini Haidar & Meena Menon
-The Hindu MHA says it will not compromise on national interest After taking action against the international environment group Greenpeace, the government has clamped down on four American NGOs working in the same field - Avaaz, Bank Information Centre (BIC), Sierra Club and 350.org. Over the past month, the Ministry of Home Affairs (MHA) has directed the Reserve Bank of India (RBI) to stop all foreign funding into the accounts of these NGOs...
More »Empty promises to farmers in distress -PSM Rao
-The Hindu Business Line Both Andhra Pradesh and Telangana have reneged on loan waiver promises. When Messrs Chandrababu Naidu and K Chandrasekhar Rao, chief ministers of Andhra Pradesh and Telangana respectively, promised to waive farm loans, there was no reason to distrust them. The Election Commission clearly directed the politicians not to make any promises that could not be implemented. They thought all the farm loans would be written off once they formed...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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