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Wholesale prices up 5.25% year-on-year in January -Kirtika Suneja

-The Economic Times NEW DELHI: India's wholesale Inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released by commerce and industry ministry on Tuesday showed WPI Inflation at 5.25% compared with 3.39% in December. Fuel and power Inflation rose 18.14% in January from 8.65% in Decem

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Retail Inflation cools to 5-year low of 3.2% in January

-The Times of India NEW DELHI: Retail Inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed Inflation, as measured by the consumer price index (CPI), rose 3

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Reading between the lines: Forget the rhetoric, this is no Budget for India's poor -Harsh Mander

y which farmers’ incomes will double has of course not been clarified – as in the last budget – neither has the government specified if it is speaking about real income adjusted for Inflation. But the severe reality remains unchanged that although agriculture still employs more than 50% of the country’s workforce, it is allotted a miserly and shocking 2.38% of Union government expenditure.This amounts to just 0.3% of the Gro

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Budget bids adieu to welfare state, rue civil rights activists

ganisations and individuals, citing the example of the mid-day meal budget, which has been increased from Rs. 9,700 crore to Rs. 10,000 crore, which “is not an increase at all when adjusted for Inflation.” “The budget for Integrated Child Development Scheme is up from Rs. 14,560 revised estimate (RE) to Rs. 15,245 budgetary estimate (BE), which is certainly not an increase in any meaningful sense,” said RFC, adding that budg

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Real or nominal? Which farm income will Modi double in 5 years? -Rajalakshmi Nirmal

e targeting real income? A BusinessLine analysis of the RBI’s data on the consumer price index (CPI) of agricultural labourers, for the 10-year period between 2002-03 and 2012-13, revealed that Inflation measured 7.2 per cent on an average. This means that agricultural income, in real terms, can grow only around 4-4.5 per cent a year. With an annual growth of 4.5 per cent at best, a farmer’s income can double only in 16 years! “It

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MGNREGS discussions must go beyond budget allocations -Dipti Jain

m 2016-17. We have taken annual CPI-R values from 2011-12 onwards to make these calculations. For 2016-17 these values are for quarter ended December and 2017-18 budget’s estimate of average 4% Inflation has been used to extrapolate average CPI-R for 2017-18. These adjustments mean that real allocation figures for 2016-17 and 2017-18 would be slight overestimates. Please click here to read more.

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India sees record planting of wheat and pulses -Sayantan Bera While higher production of foodgrains may help better the agriculture growth rate of 4.1% estimated last month, a record crop will also help keep food Inflation in check New Delhi: Farmers in India have planted the highest ever area under wheat and pulses in the ongoing winter crop season, raising hopes of a bumper crop in 2016-17, surpassing past records. While higher production of foodgrains may help better the agriculture grow

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Share of spend in government expenditure, GDP on education falling for 3 years -Subodh Varma

d by the government for 2017-18. Although budgeted expenditure for the ministry of human resource development (MHRD) has been increased over the previous year by about 8%, this is illusory because Inflation of about 5-6% would neutralise most of it. Since 2016-17, the government has rejigged the sharing pattern of central schemes in key sectors, including secondary and higher education, with lower outlays in the Budget and more direct transfers

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Where not just the food, but the price is tempting too -Tripti Nath

f the poor by ensuring that they receive their basic meals with dignity, for a song.   This popular social scheme launched by Jayalalithaa in February 2013, to help the impoverished fight food Inflation, contributed to AIADMK’s stunning victory in the 2014 Lok Sabha polls and to her re-election in the 2016 Assembly polls, which turned out to be her last electoral outing.   The Amma canteens open for service daily from 7 am to 10 am

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How Demonetisation Has Accelerated Tamil Nadu's Deepening Agrarian Crisis -R Ramasubramanian

ast year. Coarse cereals coverage has gone down to 8.88 lakh acres from 10.58 lakh acres. Oil seeds coverage slipped to 95,000 acres from 2.23 lakh acres since last year. You can gauge the quantum of Inflation staring at the face of Tamil Nadu people in the coming months with the imminent spiralling of prices of vegetables, fruits and all other food items”.   Agricultural experts regret that the government wasted precious time and delaye

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