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Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target

-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...

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Sense and Solidarity: Jholawala Economics for Everyone review:Field work -Puja Mehra

-The Hindu On the need for action-oriented research in development policy A whole new way of looking at poverty and development policy is taking shape in the world of economics. Traditionally understood as meagreness of material resources, there is a growing realisation that poverty also depletes mental resources. Understanding of how poverty impacts behaviour, what the absence of resources does to a person’s mindset can vitaminise the poverty-fighting policy toolkit. Insights, well-designed qualitative...

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Delhi air pollution: A (crop) burning issue, and the way out -Harish Damodaran

-The Indian Express Delhi air pollution: The current smog and poor air quality in the National Capital Region has been blamed in part on stubble burning by farmers, especially in neighbouring Punjab and Haryana. What is the genesis of the problem? What are its potential solutions? * How widespread is crop stubble burning? It is mainly confined to Punjab, Haryana and parts of western Uttar Pradesh and Uttarakhand, where farmers grow paddy and...

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Six steps to job creation -Santosh Mehrotra

-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...

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Economic growth likely to be consumption-led

-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade,...

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