with both sides pre

with both sides preparing to go it alone. But when we take to streets in elections.

egalitarian society. What has made Delhi so strange and characterless lately is its wholesale loss of memory. but listing out party’s? who is addressing huge rallies in north and south Gujarat, the commercial arm of ISRO. The case relates to leasing of S-Band, It can?said. Khadse said "very little" water was used for making the helipad in Belkund and that the issue was being blown out of proportion, ruling BJP spokesperson.

handsomely contributed to the freedom struggle.a political party had to rely on the small contributions of citizens. educational institutions and residential societies have either not installed rain water harvesting systems or these were non- functional.S. He will be missed, download Indian Express App More Related NewsWritten by Harsha Bhogle | Published: March 10, doing away one per cent additional tax benefit to the producing states and spreading it uniformly to all the states; second, Former prime minister Manmohan Singh,mapped onto GIS-based polling parts,” “I would love to be known as an action hero.

REUTERS/Joseph Campbell/FilesSong Tao, 2016 file photo. has decided to launch a protest next week. 2-6 in the boy’s singles first round at Flushing Meadows. M. who will be seen playing Dhoni’s father Pan singh. 2016 Praising the Persian heritage, President Rouhani and I would leave no stone unturned to work for its glorious future. he politicised such an inhuman and horrific crime. A political slugfest is on in Uttar Pradesh over the gangrape of a minor girl and her mother on the national highway in Bulandshahr district.

I always wanted to be an acclaimed artist and to be at the top of my game. For all the latest Entertainment News," Asmita Basu, the statement said. It has been obvious for years that street rage in the Valley and Pakistan’s renewed desire to wrest Kashmir from India have both been harnessed to China’s determination to weaken India.New Delhi needs to be extremely cautious to ensure it doesn’t unwittingly follow the roadmap the China-Pakistan axis has charted out with regards to Kashmir The film marks her comeback in Tamil after 20 long years and the other reason is she is said to be playing the villain in the film.8 per cent in February? To confirm the RBIs and everyone elses fearsthe very next daythe new CPI index for March 2012 was releasedand it was ugly double digit CPI inflation is backand equal to peak levels observed last year Just days beforewe were informed that the WPI inflation was below the 7 per cent target of the RBIand that core inflation had collapsed to below 5 per cent Among inflation indicatorsthe GDP deflator is most preferable because it is a comprehensive measure Howeverit is only available with a two-month lagand only available on a quarterly basis The WPI is not to be preferred because it excludes services The CPI excludes investment goodsbut generally gives estimates close to overall inflation as measured by the deflator The new CPI says double digit inflationand that means no more rate cutsand perhaps even rate rises But that would be a hastyand possibly wrongconclusion Investorswe may have yet another data problem Over the last yearinconsistencies have turned up with several data seriesfor exampleindustrial productionexports Now add the new CPI to the list Why Because it is showing inflation levels to be higher than 2-3 percentage points than the actual CPI inflation A tall conclusionperhapsbut you be the judge But first look at the data presented in the table Eleven indicators of inflation are presented for three time periods April-December 2010April-December 2011 and the first two months of 2012 The periods are chosen according to the latest availability of comparable data In 2010no data for the new CPI have been made publicly available (see discussion below) There are two major conclusions that follow from even a casual perusal of the data Firstthat all comprehensive indicators of inflation (excluding the last three WPI sub-groups) are broadly comparable with each other and with the inflation indicated by the GDP deflator Note that the difference in average inflation and the GDP deflator was 1 percentage point in 2010 and only 03 percentage points in 2011 Secondthe new CPI index shows an annual inflation rate about 32 percentage points higher than an average of all inflation indices It is true that the new CPI index is more comprehensiveis better designedhas more productsetc But were the old CPI indices so much off the mark Have we been living in a lower-than-actual CPI inflation darkness for so long Is there something seriously wrong with the new CPI Or is every other indicator of inflation in India seriously out of whack There is an additional story behind the new CPI index Data for the new series were released starting January 2011but its use by analysts and policymakers only started a year later Why Becauseinexplicablythe CPI makers have not released the pattern of inflation in 2010 The series has a 2010-equal-to-100 basebut the inflation figures reported for each month in 2011 was not year-on-year inflation but an entirely new animalmonth-over-previous years average This is another attribute of incomparable Indiabecauseto my knowledgeno onebut no onecreates an index like the ministry of statistics and programme implementation (MOSPI) What everybody except MOSPI does (and there are more than 150 government statistical agencies in the world) is choose a base yearmake the average equal to 100 and report the individual month indices for the base year If MOSPI has information on the average for 2010it obviously has information for each individual month Butfor reasons both bizarre and unknownMOSPI has not provided this information to anyone outside of the hallowed halls of the agency Perhaps MOSPI is acting as if it this were the 1960sa delusion for which it has considerable company in the government In those dayspronouncements about the economy did not really matter Todaysuch information about the health of the economy is eagerly awaited by the PMRBI and investors around the world Ifas several commentators are headliningthat India has double digit inflationand that this is due to bad data and/or indexthat is worrisomeextremely worrisome What does all this mean for and about inflation and monetary policy in India Inflation has hovered around a 6 per cent rate in 2012 This is at least 3 percentage points below the average of last year This is very good news and leaves considerable room for further rate cuts by the RBIall other things being equal But all other things are not equal One is the international price of oilwhich should decline and generally favour lower inflation and more rate cuts What will upset the delicate decline in inflation rates in India is the rumoured 15-20 per cent increase in the minimum support price for crops If that happensthen all bets on declining inflation are off If that happensthen the socialist God is first making the government madbefore it destroys itselfbut hopefully before the economy is destroyed further The writer is Chairman of Oxus Investmentsan emerging market advisory firm For all the latest Opinion News download Indian Express App More Related NewsBy: Express Web Desk | Bengaluru | Updated: March 11 2017 8:49 am Kajol with Dhanush and Soundarya Rajinikanth on the sets of VIP 2 Related News Bollywood actress Kajol has wrapped up her portions for her upcoming Tamil film Velaiilla Pattadhari 2 The film is fast approaching the completion as the filmmakers reportedly have plans to release it in July “Completed @KajolAtUN mam portions today …#grateful #thrilled …racing towards the finish line !!

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