Inflation of other food components down but prices of pulses see a spike, says a report by CRISIL
GN Bureau | November 17, 2015
As the families struggle to maintain balanced diet in view of sky-rocketing prices of pulses, CRISIL research, in a report, has said that this price-rise has been the sharpest in a decade. According to the global analytics company while all food components were seeing a decline in inflation, pulses inflation saw the sharpest spike.
In October, the CPI and WPI inflation for pulses was 42 percent and 53 percent respectively. The overall food inflation this fiscal, meanwhile, has come down to 4.1 percent from 7.6 percent in the same period last fiscal. In the last decade, while overall WPI inflation rate fell to 6.3 percent, pulses inflation has been much higher at 9.4 percent on an average.
“Such high inflation rate in pulses is undesirable for a country where pulses are second most important part of diet after cereals and an average Indian spends nearly 5% of his food expenditure on pulses,” CRISIL research said.
The report highlights increasing apprehension of farmers in growing pulses. “A high fluctuation in prices has meant that farmers are seldom sure of getting stable returns. This may have led to large-scale substitution of area under pulses cultivation with other high-value crops that give comparatively higher returns.”
“Pulses are highly risk-prone because most of the production is rain-dependent. Barely 16% of total pulses area is covered by irrigation and, hence, the crop is highly vulnerable to monsoon shocks,” the report said.
Governance Now has reported on reasons behind price-rise of pulses, and an on-ground report on its impact on daily expenditures of the masses:
Why your dal is so costly
"Urad dal and moong dal are Rs 200 a kilo. Is that development?"
Even as a vision and a strategy agenda is in "advanced stages" of finalisation at NITI Aayog, the government think tank has released a draft three year action agenda for public consultation. The draft action agenda, divided in seven parts and 24 chapters, proposes to reduce
The National Human Rights Commission (NHRC) on Tuesday said it was “disturbed” over the killing of 25 Central Reserve Police Force (CRPF) personnel by Naxalites in Chhattisgarh on April 24. The troopers were attacked while on duty for securing road construction work in the Bur
Twitter Sewa unveiled by the ministry of telecommunications last year to resolve users’ complaints through micro blogging site Twitter has yielded fruitful results by resolving 99 percent of the complaints. According to BSNL data, as on April 15, 2017, it has receiv
What is your perception about Arvind Kejriwal’s brand of politics? In Delhi, after the BJP and the Congress, people wanted to give the Aam Aadmi Party a chance. However, after the Delhi assembly polls, his (Kejriwal`s) political fortune has been on the declin
Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer. BHEL said that it won a
Mozilla is working on two separate goals in net neutrality. One is to bring everyone online; ensure that everyone has access to the internet. The other is to ensure that the network should remain open and diverse. We want people to have access to the whole diversity of the internet and not just in