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Rebound in India Leaves Some to Struggle by Heather Timmons

e global crisis by low reliance on exports and a heavily regulated banking system, has exceeded expectations and is on target for more than 6 percent growth in gross domestic product this year. Inflation, not slowdown, may be the biggest danger India faces. Industrial output is above its pre-crisis peak, and Inflation is already well into double-digits, said Maya Bhandari, an economist with Lombard St

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Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta

g grown fairly impressively for five years in a row, is going to come down by at least two per cent this fiscal year, or so says Union finance minister Pranab Mukherjee. Food prices are driving Inflation and immiserising the poor despite the government’s rural employment generation programme and the rise in the daily minimum wage to Rs 100. The labour-intensive export-oriented sector — including textiles, garments, diamond poli

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Welcome new price index

ies from penal action. So price data have been subject to high volatility: the revised numbers come eight weeks after the provisional ones and often look vastly different, too. The monthly release of Inflation data should give the Office of the Economic Adviser, attached to the department of industrial policy & promotion, enough time to improve reporting to cover perhaps 60% or more of manufactured products. Shifting to the new series was ov

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Expand and re-orient NREGA by PS Appu

a big way by employing the surplus labour on a variety of projects. He had listed schemes concerning irrigation, drainage, roads, railways, housing, etc. In his view, the only danger was the onset of Inflation caused by the increased demand for food and other wage goods. Though the Indian planners were aware of Nurkse’s prescription, they could not have implemented the idea in the pre-Green Revolution era of precarious food supply. Now we have a

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Food Inflation could get worse

ffected. The damage-potential to these crops is expected to bring prices of food items, which have already been high in the past one year, under greater stress in the coming months. Even though Inflation figures have been low in the past few months, food prices have remained inordinately high, causing a severe burden on the aam aadmi’s budget. The common man has to bear the brunt of sky-rocketing prices of vegetables such as onion, potatoe

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Rising prices: What is the govt doing? by Paranjoy Guha Thakurta

The spectre of Inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The Inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down a

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Skyrocketing prices may be bad news but the worst is yet to come!

world, increased feedstock use in the production of biofuels, rapidly rising oil prices and a continuing devaluation of the US dollar have been the other factors that contributed to the international Inflation during 2008. The prices of food items have increased since December, 2008. There has been a 19.6 percent jump in International Monetary Fund (IMF) food price index between December 2008 and June 2009. The recent hike in food prices could b

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Surprisingly good news by Ashok V Desai

at all, they taught the Cambridge theory of distribution as a curiosum. They could do so because the policy priorities had changed. Instead of chronic unemployment, there were long periods of chronic Inflation. This Inflation was seen to be caused, or at least exacerbated, by trade unions’ pressure to raise wages. Earlier, Inflation was believed to be due t

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Shadow of Drought on Delayed Monsoon

rly in the North-Western parts, there will be no rabi harvest. Hence, late arrival of rains hardly mitigates the challenges of lower agricultural production, shrinking of rural purchasing power, high Inflation of food prices and loss of livelihoods.   The issue was discussed threadbare during the State Agricultural Ministers’ meet on 21 August, 2009. Until a day earlier, the rainfall deficit was 26% resulting in substantial loss

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Taking goals of NREGA-I forward

key role in this regard and also greatly benefit from the demand created by this exercise. Element six of NREGA-II is a reformed schedule of rates (SoRs). The commitment to pay real (indexed to Inflation) wages of Rs.100 a day can never be fulfilled if we continue to use antediluvian SoRs that were meant to serve the “contractor-machine raj.” Using these rates will inevitably underpay labour, especially women. We need gender, ecology

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