What’s the Farmer’s Share When Vegetables Reach Your Table?
When you buy vegetables from the market, have you ever wondered how much of the money you spend actually ends up in the pockets of the farmers who grow them? A study by the Reserve Bank of India (RBI) suggests that only about one-third of the money you spend on tomatoes, onions and potatoes, commonly referred to as TOP, ends up with the farmers.
Raghuram Rajan Warns Against Excluding Food Prices from Inflation Calculations
Raghuram Rajan, a former Governor of the Reserve Bank of India (RBI), says in a media interview that he is opposed to the idea of excluding food prices from the calculation of headline inflation—essentially the overall change in prices. His concern stems from the importance of maintaining the trust and credibility of the central bank in the eyes of the public, as well as its effects on the economy and society.
A 10-Year Report Card on Inflation in India
The Bharatiya Janata Party (BJP) in its 2014 election manifesto highlighted the issue of high inflation under the previous Congress-led United Progressive Alliance (UPA) government and promised to control it. The manifesto critiqued the UPA’s approach and promised corrective actions. However, the subsequent 2019 BJP manifesto did not even mention inflation, suggesting a possible reprioritisation of this issue despite earlier commitments.