Economy News ( English version)

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  • How a detergent could have helped RBI act swiftly on inflation May 16, 2022
    Such tiny bars of detergent are targeted at less affluent consumers who are often unable to spend a rupee more without having to cut back on something else. To prevent these customers from downgrading to cheaper products, Unilever Plc’s India franchise relies on “magic price points” — such as 5 or 10 rupees — that help buyers stay within their tight budgets. […]
  • Some states have a bigger inflation battle in their hands May 16, 2022
    Noted economist DK Joshi attributed such high inflation in these states to two factors — a) higher penetration of rural economy, and b) the variance in fuel duties, which are likely higher in the states in question.
  • India wheat export curb to be less explosive than prices suggest May 16, 2022
    The country prohibited wheat exports, citing food security risks after a record heat wave slashed production and drove up prices. India will continue to make grain available to nations at the request of their governments, while shipments for which irrevocable letters of credit have been issued will also be allowed.
  • RBI to hike rates again in June as inflation pressures mount May 16, 2022
    With the latest headline retail inflation coming in at an 8-year high and above the tolerance limit for the fourth consecutive month, analysts expect the Reserve Bank of India (RBI) to hike rates yet again.
  • Niti Aayog to soon bring out policy on job creation May 15, 2022
    The Aayog is closely working with the International Labour Organization (ILO) to develop the fine prints for a care economy, and with the Bill & Melinda Gates Foundation as well as the VV Giri National Labour Institute to increase the participation of women in the labour force and boost the opportunities for gig and platform workers.

 

  • Explainer: What’s behind wheat export ban? May 16, 2022
    Critics say a ban on wheat exports would disrupt market channels and prove to be anti-farmer. But a look at the demand-supply dynamics will show absent the ban, the country would have faced a shortage of the grain for even PDS distribution.
  • Government to soon clear Banks Board Bureau recast May 16, 2022
    The Appointments Committee of the Cabinet (ACC) would take a final call on whether to retain the board members or bring in new ones. Also, the government will soon decide on whether to expand the BBB’s scope or not.
  • Odisha may not borrow from market for second year in a row May 16, 2022
    Even as many states struggle to raise funds at high interest rate, fiscally surplus Odisha made a net debt repayment of Rs 19,102 crore in FY22.
  • Data Drive: Feeling the price pinch May 16, 2022
    One reason for the wide variance in inflation among states is high rural inflation; states that are more urbanised will report lower inflation.
  • Steeper MSP hikes likely as farm input costs soar May 15, 2022
    Any such move could inflate procurement costs for welfare programmes and potentially add to price pressure, putting both the government and the central bank in a tricky situation, as they step in to douse the inflation fire in the wake of the Ukraine crisis.