New Delhi, May 30 (IANS) If rainfall is deficient due to the development of El Nino in June, the transmission to food inflation, rural demand and aggregate growth could be swift, adding to the existing inflationary pressures stemming from elevated global energy prices, the Finance Ministry’s ‘Monthly Economic Review’ for May said on Saturday.Looking ahead, agricultural prospects for the upcoming kharif season are a source of both near-term comfort and medium-term caution, it said.”On the p…
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New Delhi, April 29 (IANS) While the West Asia conflict constitutes a significant supply shock with rising risks to inflation, trade, and financial flows, India’s domestic demand, policy buffers, resilient financial system, and sustained public investment provide some insulation, the Finance Ministry’s Monthly Economic Review for the month of April said on Wednesday.Whether these factors would prove adequate in the event of prolonged uncertainty about energy and fertiliser supplies is an impor…