Retail inflation rose 4.38 per cent year-on-year in November, the slowest pace in data going back to January 2012.
Binu Alex, co-founder and editorial director of www.commodityonline.com, in an interview to Syed Firdaus Ashraf/Rediff.com, says demand-supply imbalance arising out of the government's inability to preserve the crop for non-harvesting season is the root cause behind the price rise.
He accused the Congress of putting up obstacles to the temple's construction through 'its lawyers' in the Supreme Court.
For many farmers, though, a bumper harvest isn't good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
Swarms of immature pink locusts and adult yellow locusts are currrently active. Not only are fresh locusts swarms expected to arrive in the coming weeks, but even those already present in India have mated and are breeding new offspring.
Food Minister Ram Vilas Paswan sought to shift the blame on states saying they are equally responsible for keeping the prices of essential commodities under control
According to the initial estimates, the flooding of rivers and heavy rainfall has caused damage to the agriculture crop to the tune of Rs 700 crore (Rs 7 billion) in the state.
Oilseed output to surpass its previous record of 32.75 mt in 2013-14 to 33.59 mt this year
RBI kept all key rates unchanged in its policy review on Tuesday.
Union Agriculture Minister Rajnath Singh on Wednesday said the country's foodgrain production in the Kharif season is likely to surpass the previous record of 212 million tonnes in 2001-02.
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
Despite severe drought in fiscal 2002-03, India's agricultural output is enough to sustain the country, Union Agriculture Minister Ajit Singh said on Thursday.
Costlier vegetables slowly pushed retail inflation, which had remained well within the Reserve Bank's comfortable level of 4 per cent during most part of 2019, peaked to more than three-year high of 5.54 per cent in November.
Overall prospects for economic growth are constrained by lack of new investments despite major gains in industrial growth in the first half of the fiscal, according to National Council for Applied Economic Research.
The government has removed restrictions on exports from the farm sector, apart from doing away with the registration requirement for exports of non-basmati rice and pulses in packages of five kilos.
The government on Tuesday said the week-long delay in the monsoon will in no way affect India's overall food and agriculture scenario and assured continuity in the country's grain export policy.
The sample size of 8,100 farmers across 19 states has not changed in the last three decades, and the methodology of the sample survey too remains unchanged
Is it sustainable?' 'Or is it like an overdose of a medicine that saves your life in the short run but kills you through long-lasting side-effects?' asks Shekhar Gupta.
The government said on Friday that India's edible oil imports would be higher this year on account of drought, but the shortfall could be bridged at the existing rate of import duty and a cut in tariff was unwarranted.\n\n\n\n
A minister said the country had 7% less rain than normal.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
Calling for availability of all necessary equipment for medical professionals, she said the onus lies on the government to ensure that the spread of infection and casualties are not caused owing to lack of infrastructure or preparedness.
With conditions not favouring its progress, southwest monsoon is expected to hit the Kerala coast by June 4, three days after its normal onset date, the MET department has said.
More rate cut by RBI unlikely this fiscal, say Ind-Ra
The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
India's foodgrains production is pegged at a seven-year low of 184.07 million tonnes in 2002-03, a major decline of 13.2 per cent against record production of 212.02 million tonne last year, in the third official advance estimates released on Friday.
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer.
Food subsidy bill rises 20% in April-January
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
The area-based income compensation scheme says that farmers should be paid the difference between the actual price they get and the state-mandated MSP. The compensation will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest season.
The government is likely to name a successor to Rajan sometime this month
It would be advisable to look to companies that reported attractive growth during the first quarter, says Mudar Patherya
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
Travel time, too, has not fallen much after the abolition of octroi with trucks still queued up at regional transport offices and toll tax plazas.
