The sudden emergence of supply strains has come as a blow to the global economy which has been struggling to regain its footing after the shock of the Covid-19 lockdowns.
Focusing on core prices — which strips out volatile food & fuel costs — instead of the retail consumer prices carries the risk of under-predicting inflation.
There are few takers for over 90% of the 33,600 metric tonnes of imported onions, which threatens to translate into a loss of around Rs 200 crore for govt.
Former PM Manmohan Singh had warned in November 2019 that the Indian economy was entering a stage of stagflation, with high inflation and stagnant demand.
In my view as the finance secretary during UPA II govt, the least RBI could have done was not to further depress the sentiment with doomsday prophecies.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
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