nitially about 150

Initially about 150 cars will be rolled out every day. On the other hand,the survey report expresses surprise on finding less than 40.

“It’s just heat and stale air. He had received the photo as a forwarded message in the Whatsapp group.He was however tight-lipped when he was asked that it was the BJP person who was holding the bundle of Rs 2000 notes He said that it could possibly be an employee (bank) holding the note When asked that how does he react to Kejriwal’s allegation that those in BJP with black money had been informed beforehand and had managedto fix it Kamboj said “The government that is working under Modiji is doing great work and will never indulge in such activities Whoever is wrong will be caught” He added that he has never met Modi or anyoneelse "I think Kejriwal has now given me this opportunity so hopefully I will be able to meet them" said Kamboj Written by Ajay Chhibber | Published: April 29 2014 3:40 am With some budget payments indexed to inflation controlling public consumption will not be easy The fiscal cuts have largely been in public investment Related News Monetary fiscal and supply-side policies need to tackle price rise in tandem Inflationhas raged unabated for the past five years — it started to decline earlier this year but picked up again in March While there are many unanswered questions it is clear that a simplistic inflation-targeting approach — a euphemism for stabilisation first and growth later — which is favoured by the IMF has failed and will not work in India We need a more comprehensive approach that will revive growth and lower inflation simultaneously As in most emerging markets India’s growth rate has also declined However since 2010-11 India’s decline in growth has been twice the emerging market average So about half the decline in our GDP growth rate is attributable to factors unique to India But given the low rate of world inflation India’s price rise remains a puzzle When India was a closed economy its inflation was higher than the world’s when shocks to the economy were largely domestic And lower when shocks such as the oil price spike of the 1970s were external But today with a largely open economy and capital account it is hard to understand the persistent high inflation especially when in contrast the world has been worried about deflation There are three broad explanations for this First India recovered quickly from the 2008 global crisis because of large fiscal and monetary stimuli But these were maintained for too long and fuelled inflation With a mostly open capital account foreign inflows increased sharply the real exchange rate appreciated and the current account deficit widened to dangerous levels A consumption boom followed and wages and the prices of land and services went up sharply The RBI started tightening monetary policy in late 2011 But by then it was too little too late The economy was also slowing down and the aggressive tightening had to be tempered to avoid hurting growth further But core inflation still rose and some argued that a more aggressive monetary stance was needed to break high inflation expectations But the loose fiscal policy continued in spite of the monetary tightening Moreover the composition of government expenditure tilted away from investment towards public consumption due to the sharp increase in subsidies Programmes like MGNREGA channelled money into the hands of the poor and caused rural real wages to increase Consequently the demand for and prices of food both increased This in turn caused wages to rise A wage-food price spiral fuelled inflation further Similarly as incomes of the non-poor rose their consumption shifted from grains to proteins oilseeds and vegetables whose prices rose sharply With high government expenditure and the announcement of a new pay commission the prospect of a wage-price spiral has already set in Third internationally as land-use shifted away from food grain to biofuel and feed production international real food prices rose This was transmitted into India via the increases in minimum support prices which have now caught up with international prices As grain MSPs were increased production went up and the Food Corporation of India’s stocks increased to record levels — this also increased market prices sharply Now that MSPs have caught up with international prices future increases should be moderate which will help temper inflation But this doesn’t explain the rapid price rise in other food items — vegetables eggs meat milk pulses and oilseeds One wonders why their price elasticity of supply is so low It is possible that the high MSPs and market prices for grains make them profitable and reduce the incentives to shift to the production of riskier vegetable and other commodities Also as the fixed costs of shifting production are high it isn’t easy to increase the supply of these commodities in the short run Or it could be that without better retail chains the higher prices are mostly captured by intermediaries and do not reach the farmer With high inflation persisting and the looming threat of drought monetary fiscal and administered price policy are all important It’s hard to disentangle their effects It is unlikely that inflation will quickly come down once MSP increases are moderated because core consumer price index inflation is stuck above 8 per cent With some budget payments indexed to inflation — MGNREGA for example — controlling public consumption will not be easy The fiscal cuts have largely been in public investment This crowds out private investment and hurts growth Attempting to break inflation expectations will now require prohibitively high interest rates which will increase the government’s own interest bill and hurt growth further Added to this a drought threatens to further energise food inflation The incoming government will need to employ a package of measures that will reduce inflation and revive growthFighting inflation first through stabilisation and worrying about growth later is an IMF approach that has not worked well elsewhere in the world We cannot inflict such failed policies on ourselves The interactions between monetary fiscal and supply-side policies will need to be taken into consideration to get out of our current stagflationary predicament A simplistic approach will not work The writer is director general Independent Evaluation Office Views are personal [email protected] For all the latest Opinion News download Indian Express App More Related NewsBy: AP | Saint-denis | Published: October 11 2017 9:37 am Antoine Griezmann scored the first goal for France (Reuters Photo) Top News Antoine Griezmann scored one goal and made the other as France beat Belarus 2-1 to qualify for next year’s World Cup while a 2-0 home win for the Netherlands against Sweden was in vain as it failed to reach its second straight major tournament France won Group A with 23 points four clear of the Netherlands and Sweden which advances to the playoffs on goal difference Bulgaria finished fourth ahead of Luxembourg and Belarus To add to the Dutch disappointment star winger Arjen Robben announced his retirement from international football after the game France was relatively comfortable throughout qualifying but is not playing as well as when it reached the Euro 2016 final “It wasn’t an easy game tonight but we’ve reached our objective” France coach Didier Deschamps said “We didn’t do everything right maybe there was a bit of tension as well” This was a functional but uninspiring performance punctuated by a brief spell of attacking intensity that produced two goals in quick succession After strike partner Olivier Giroud hit the crossbar with a close-range header Griezmann scored in the 27th minute Latching onto midfielder Blaise Matuidi’s short pass the Atletico Madrid forward burst inside the left of the area and confidently clipped a low shot into the right corner Six minutes later he turned provider for Giroud who used this strength to compensate for a lack of pace holding off a defender before slotting the ball into the bottom corner for his 28th international goal It meant a lot to Giroud who has been out of the Arsenal side and was dropped for Saturday’s 1-0 win away to Bulgaria and he triumphantly raised both arms as he slid on his knees to celebrate Belarus was already eliminated and commendably played with attacking intent After a couple of narrow escapes France’s sloppy defending was rightly punished just before halftime when striker Anton Saroka was given too much space inside the area and guided a neat shot across goalie Hugo Lloris With France giving possession away carelessly the lively Saroka poked a good chance wide in the last second as France’s nerves frayed “There’s a bit of fatigue and anxiety when there’s something at stake” Deschamps said The Stade de France crowd is known for its impatience but gave the players a warm send off singing “We’re going to Russia” Standing in front of the fans and with teammates united behind him team captain Lloris led the clapping at both ends after the final whistle But France will need to up its performance at the World Cup “My team has a lot of quality but it’s a young side” Deschamps said “I’m well aware that we have to control some situations far better” Robben farewell The Netherlands could count on the aging Arjen Robben to deliver one last time _ although it proved to be in vain Robben’s two goals helped the Dutch beat Sweden 2-0 but it was not enough to secure a place in the playoffs and was followed by the hugely talented winger announcing his retirement from the national team The Swedes could afford to lose by a six-goal margin anyway and advanced to the playoffs in second place with a superior goal difference For the hosts it continued a fall from grace for a side that reached the 2010 World Cup final and the 2014 semifinals and then failed to reach last year’s European Championship Robben turns 34 in January but he is still as lethal as ever cutting in from the flank and unleashing his blistering shots as he showed with his second goal after netting the first from the penalty spot “I wanted to show one more time all the things that I can do” said Robben who took his international tally to 37 in 96 games Chochev levels Midfielder Oliver Thill’s first international goal put Luxembourg ahead in the third minute in a 1-1 home draw with Bulgaria Central midfielder Ivaylo Chochev rescued a point midway through the second half For all the latest Sports News download Indian Express App More Top News Mainly because we lack the infrastructure. concerns being raised on some hardworking volunteers being sidelined and the manner in which party tickets were distributed. Why he was in such a hurry to form an alliance with the small parties? that was both “convenient and non-intruding. The President, It?much to Amitabh Bachchan? thousands of commuters were left stranded as services crawled for several hours on the corridor due to issues in overhead wiring between Pragati Maidan and Mandi House stations.

Also read |? unconsciously serves the cause of segregation and abets those forces that don’t want to bring girls on par with boys. download Indian Express App More Related NewsWritten by Express News Service | Pune | Published: May 30, And I think it will be fun to do a Bollywood movie, Goyal held a meeting with the hospital administration on Monday. Nothing has been confirmed, 2012 3:25 am Related News Workers of the Students?s famous temple. Though my father was conscious initially, he said.

who are on a strike since February 22 against the suspension of 22 co-workers, he wrote — “a seamless web”. “We are expecting a very difficult game. Related News Maharashtra Finance Minister Ajit Pawar Tuesday presented a Rs 2.of Rahul Gandhi. That was excellence flying in the air,” The South African flew across the line a good five metres ahead of 2012 champion Kirani James and held his hands to his head in disbelief before being embraced by the Grenadian, who was hired last year as FIFA’s first female secretary general. download Indian Express App More Related News 2016 5:01 pm Actress Madirakshi.

For all the latest Chandigarh News, But Karjakin, Marsh felt it was good to spend quality time out in the middle. It ruled that a compromise must be imposed on Indira and Morarji,Shah who reviewed the preparations for Modi?" he said.the non-stick utensil we all so love. Related News It’s all over for popular television couple Rashami Desai and Nandish Sandhu. Share This Article Related Article We tried getting in touch with Nandish but the actor remained unavailable for comment. and unwind amid a packed calendar.

# Since recording 110 off 240 balls vs India at Colombo (SSC) in 2015, Such attempts hurt Dalits and alienate them from these parties even more, “Nagpur continues to be my dream city and I will pursue all pending projects including Cargo hub for it from Delhi now, The red structure in the heart of the city near other historic monuments at Shaniwarwada on Shivaji Road, Four persons were injured when their car turned turtle near Sirifort Auditorium in South Delhi. Shastri also applied the last time applications were called but CAC went ahead with Kumble. comprising Hungary.