-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...
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What a sharp rise in inflation rate amid spike in food prices means -Prabhat Patnaik
-Newsclick.in Even as the growth rate of the Indian economy is slowing down, and the index of industrial production (IIP) is actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in the economy has started accelerating. Significantly, the acceleration in inflation has been the sharpest precisely during these very months when the contraction in industrial output has been the...
More »The cost of food
-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
More »Prices high, govt to buy 11,000 tons of onion from Turkey
-The Indian Express Last month, the Union cabinet approved importing 120,000 tonnes of onions to improve the domestic supply and control prices that have skyrocketed to Rs 75-120 per kg across major cities. New Delhi: Amid skyrocketing prices of onions, the Union Ministry of Consumer Affairs, Food and Public Distribution asked state-run MMTC to place an order for the import of 11,000 metric tons (MT) of onions from Turkey. According to sources,...
More »Stockholding restrictions for onion extended indefinitely
-PTI With onion prices continuing to rule high at ?80-90 per kg, the government on Wednesday extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will normalise. “It’s not in our hand, the government is taking maximum efforts but who can win from nature,” he told reporters. Please click...
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