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?"
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings in its latest Global Economic Outlook (GEO) report. Fitch now expects world GDP to grow by 1.4
Nine species of owls (including the magnificent spot-bellied eagle-owl), 10 birds of prey, 11 species of Woodpeckers (including white-bellied woodpecker – the largest woodpecker in peninsular India), and many other species have been documented during a first-ever bird survey in Chhattisgarh.
Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life
As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest
With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f
BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab