Prime Minister Narendra Modi's announcement of providing free inoculation to all adults will entail total spending of anywhere between Rs 45,000 crore and Rs 50,000 crore. This is higher than Rs 35,000 crore that the government had budgeted.
Government incentives to grow rice and wheat as part of a subsidised food programme for the poor also keep prices high.
Finance Minister P Chidambaram on Thursday said that the government has been taking a series of measures during the past few weeks to control price rise.
Shrug off the yoke of the imperialism of Delhi. That is why the DMK manifesto offers what it offers: The promise that Tamil Nadu will, one day, become an independent republic, notes Aditi Phadnis.
To justify that farmers must burn if they are not paid cash incentive is doing injustice to them and to the lungs of the children of the country, notes Sunita Narain.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
Monsoon, the lifline of Indian agriculture, has revived in last one month but Karnataka, Maharashtra, Gujarat and Rajasthan continue to face deficit rain.
Inflation declined marginally to 7.45 per cent in October even though prices of food items like rice, wheat pulses and potato showed a rising trend.
The World Bank on Tuesday projected India's economy to grow at 8.3 per cent in 2021 and 7.5 per cent in 2022, even as its recovery is being hampered by an unprecedented second wave of the COVID-19, the largest outbreak in the world since the beginning of the deadly pandemic. The Washington-based global lender, in its latest issue of Global Economic Prospects released here, noted that in India, an enormous second COVID-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of Fiscal Year 2020/21, especially in services.
Ahead of the mid-quarter review of the monetary policy on September 17, senior-most Reserve Bank deputy governor Keshab Chandra Chakrabarty on said their top priority is to keep inflation under control.
Inflation, as measured by the Wholesale Price Index, was 6.87 per cent in July.
Kejriwal's centralised way of governance might work in Delhi, but Punjab will call for delegation, observes Sanjeev Nayyar.
Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May.
Hordes of cows rampage through the fields, eating everything in sight. This is after the UP government banned slaughter of cattle. As a result, farmers whose cows become old and are a liability simply sets them loose.
For many farmers, though, a bumper harvest isn't good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.
Inflation declined marginally to 8.23 per cent in January from 8.43 per cent in the previous month, as prices of certain commodities like wheat, pulses and sugar eased, although essential items like onion and other vegetables continue to remain dearer.
'If I don't fulfil promises made in it, I can be sent to jail,' he said.
The RBI said recently that the upsurge in inflation in April was led by food and commodity prices.
The Rs 20 lakh crore package includes Rs 1.7 lakh crore package of free foodgrains to the poor and cash to poor women and elderly, announced in March, as well as the Reserve Bank's liquidity measures and interest rate cuts.
Both Houses adjourned till Wednesday amid din.
.jpg)
Chidambaram further said government has taken a number of fiscal and administrative measures from time to time to contain inflation especially food.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
The department of economic affairs in the Union finance ministry has suggested aggressive sterilisation of foreign capital inflows, tightening of government expenditure and intervention in key farm produce markets like wheat.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
Most say a rate cut could come in RBI's June policy.
The beneficiaries of future trading in agriculture commodities are the farmers in India. Any ban on futures trading is not a realistic measure to prevent inflation, because the price movement of a commodity is based on the demand and supply system.
On a scale of 1 to 10, how would you rate the economic achievements of the government?
Loan waivers will never be enough. Reforming the agricultural marketing system is essential to addressing the concerns of farmers in a sustainable manner, says Nitin Desai.
The inflation numbers are still within the five per cent annual target of the Reserve Bank, which is due to review the monetary policy on July 31.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Before the meeting, Chidambaram told a press conference that food prices, particularly wheat and pulses, are the area of concern and the government would continue to take fiscal and monetary measures to contain the inflation. \n
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
Make modern meals from ancient grains.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
During his tenure as an apex court judge, Justice Lokur had dealt with pollution matter which included the aspect of stubble burning.
In tune with the Reserve Bank of India's expectation of moderate inflation this year, the general price level stood unchanged at the previous week's figure of 4.2 per cent for the week ended May 8.
Enjoy these sumptuous traditional delicacies, courtesy chef Ranveer Brar.
Union Minister Maneka Gandhi has been accused of slapping and kicking a forest staff in Mala forest range of Pilibhit Tiger Reserve while police on Tuesday said that they are looking into the complaint.
She paved the way for potato vodka and gluten-free baking. 300 years ago! And that's only two of the many cool things about this Swedish scientist the world is talking about.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances