Why India’s Milk Prices Are Soaring

  India’s wholesale price inflation is now close to zero, but don’t tell that to millions of parents who face relentlessly rising prices for milk—a great weapon against malnutrition—for their children every day.   There has been a rise of 10% in inflation rate in milk on a year-on-year basis. Similarly, the rate of inflation over the last six … Continued

Make Rs 3.78 Lakh Income Totally Tax-Free: Survey

The “middle class” feels that the Government must make annual income of Rs 3.78 lakh totally tax-free since Rs 31,500 is needed for an average quality of life for a family of four people.   This was one of the key findings of a nationwide, pre-budget survey done by C-Voter. Finance Minister Arun Jaitley will … Continued

The Never Ending Inflation Battle

There seems to be no respite from high prices for the common man. Inflation based on the wholesale price index (WPI) inched up to 6.01% for May as against 5.20% for April and 4.58% in May 2013 due to higher prices of food articles. The main increase in food articles noticed in May compared to … Continued

RBI Leaves Rates Unchanged

Reserve Bank of India (RBI) has kept key interest  rates – the reverse repo rate or rate at which it lends to banks at 8% and the repo rate or rate at which it accepts funds from banks at 7% – unchanged in its first-ever bi-monthly monetary policy statement.   In an attempt to improve … Continued

Can India Meet Growth Target of 4.9%?

India’s growth slowed down to 4.7% for the third quarter ended December 31, 2013 at Rs 14.8 lakh crore as against Rs 14.1 lakh crore in Q3 of 2012-13 at factor cost at constant (2004-05) prices. This was against a growth of 4.8% in the second quarter and 4.4% in the first quarter of the … Continued

Inflation Below 10%, Seriously?

It might be difficult to believe that consumer price inflation (CPI) was below 10% in December, 2013 as claimed by the Government when it released the data on January 13, 2014.   Not that a per cent here or there matters much to the monthly budget because it only seems to rise. Nevertheless, it’s worth looking at what … Continued