Hybrid Classes
We provide offline, online and recorded lectures in the same amount.
Personalised Mentoring
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant
Topicwise Mindmaps
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
Quality Content
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.
DAILY NEWS ANALYSIS
PRINT
16 July, 2020
10 Min Read
Context
- June’s retail inflation reading of 6.1% is worrying, particularly since it was the first month when the economy reopened from the crippling lockdowns of the preceding two months.
- While the disruptions caused to the supply of goods and services as a result of the nationwide shutdown can to an extent explain the acceleration in price gains, that this happened despite depressed demand is cause for disquiet.
CPI data
- A closer look at the Consumer Price Index reveals that prices in the food and beverages group rose an average 7.3% year-on-year, with the key protein sources of pulses and products surging 16.7%, meat and fish climbing 16.2%, and milk and its derivatives rising 8.4%.
- Inflation in the food category would have been much faster but for vegetables and fruits moderating the gains as anxious growers likely sold the perishables at distress rates resulting in fruits showing a 0.7% deflation and vegetables posting a marginal 1.9% gain.
- Transport and communication, which includes petrol and diesel, also posted a 7.1% jump.
- The recent sustained increase in fuel prices is expected to feed through into higher costs for transporting farm produce and it is therefore hard to envisage food prices softening, at least in the near term.
- The rapid and timely onset of the monsoon in June, with higher rainfall, does offer some reassurance.
- Vegetable prices are reported to be surging and providers of goods and services are exploring ways to insulate their businesses financially from the weak demand.
- Steel companies recently announced they were raising prices in response to rising costs related to iron ore and the COVID-19 pandemic.
India Business Outlook report
- Researcher IHS Markit’s latest India Business Outlook survey released on Monday paints a dismal picture with sentiment having turned negative in June for the first time in the 11 years since it began polling businesses in the country, and firms reporting a steep drop in confidence.
- Significantly, the survey shows that while employers are set to cut jobs to cope with faltering demand, companies also plan to raise selling prices over the next 12 months to protect profitability.
Way ahead
- With inflation already above the RBI’s 6% target upper bound, monetary policy makers face an unenviable choice. A further rate cut to help revive economic momentum risks fanning faster price gains and putting the economy on a path to stagflation.
Source: TH
06 Feb, 24
Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an
06 Feb, 24
The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description
06 Feb, 24
Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na
06 Feb, 24
Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI
05 Feb, 24
Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co
06 Feb,2024
Our Popular Courses
Module wise Prelims Batches
Mains Batches
Test Series
Copyright 2023 CLT TECHNOLOGIES AND EDU-PUBLISHERS PRIVATE LIMITED. All rights reserved.
24 × 7 Support : 8287714422
Whatsapp : 8010068998
Email Us: query@aspireias.com
My Notes
Geography And Environment
