 "food inflation")
A lively debate is underway on persistently high food inflation and its implications for monetary policy. Economists at the finance ministry argue that higher food prices are often driven by supply-side, not demand-induced, issues whereas short-run monetary policy tools are meant to contain price pressure originating from excess aggregate demand. But as the top edits points out, high food inflation can lead to the un-anchoring of inflation expectations, which could significantly complicate overall inflation management. Therefore, the RBI cannot ignore pressure from food prices in overall inflation outcomes. Read it here
In other views:
Prachi Mishra examines the validity of competing views on global inflation – whether it was permanent or transitory. Read it here
Ajay Kumar says building trust between government and businesses is critical for economic growth but remains a challenge in India. Read it here
The second edit highlights the urgent need for states to rationalise expenditure. Read it here
 "Inflation, Vegetables, Fruits, Budget 2024")
 "subsidy, state expenditure, subsidies")
 "Inflation")
 "Food ingredients, packaged food, nutritional values")
 "Governance by disguised legislation")
 "markets, sebi")
 "us election")
 "lateral entry")
 "The judicial branch is fundamental to a good society. The promise of liberal democracy is predicated upon a well-functioning judiciary, to ensure that competition between parties is free of coercion. The promise of a market economy requires a well-fu")
 "Sometime at the end of August, Tamil Nadu Chief Minister (CM) M K Stalin will travel to the US to solicit investment for the state. He will be away for nearly three weeks. Some say this is routine and like other chief ministers, he too is going to ro")
