RBI's projections in the Monetary Policy Report are based on its economic model but extreme weather conditions have made food price volatility hard to predict, said economists.
Inflation rates in rural India were higher than in urban areas for first 7 months of the year, govt data shows. A major reason lies in the way inflation is calculated for the 2 regions.
Food prices, reopening of economy & resurgent demand are fuelling inflation, but robust public distribution system is likely helping some states like Kerala, Tamil Nadu keep prices down.
Exports of cereals witnessed highest spike between April-August 2020 and April-August 2021, according to govt data. Meat, dairy and poultry exports record spurt too.
In India, Modi govt is distributing free rice & wheat and has implemented trade measures to shield consumers, including cutting duties on palm, soybean, sunflower oils and lentils.
According to the data released by the National Statistical Office, inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month
More than 15 million Indians lost their jobs in May during 2nd wave. The daily average wage for about 230 million dropped below Rs 375. All of this is leading to an increase in hunger.
Compulsion magnifies the risk of function creep. Future updates could quietly expand the app’s capabilities or enable background telemetry far beyond users’ expectations.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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