Many states have received a lot of rain this year in September and October. Flood-like conditions were seen in many cities from Bangalore to Delhi, but news of crop damage was rare in the media. However, now its effect can be seen directly in the form of increased prices of food grains in the coming days. This rain has badly affected the paddy crop in Punjab, Haryana, UP, Rajasthan, Madhya Pradesh, and up to Maharashtra. Ibrahim Sheikh, a farmer from Maharashtra, says that due to the rains in September and October, 20 to 30 percent of the paddy crop has been ruined. Not only this, the stock of ration for the government has also been reduced by half as compared to last year.
He says that now we want to harvest at the earliest so that the loss can be prevented. But this loss is not going to be limited to the farmers but will affect the crores of people who depend on the market for their food grain needs. This could further inflame food inflation, which is at a two-year high. Apart from this, the prices of vegetables, milk, pulses, and oil have also increased sharply. These items contribute one-fourth to the consumer price index. This means that the inflation index will also jump in the coming months.
'No increase in salary on the explosion of inflation
Economic experts say that in such a situation, the rate can be increased somewhat by the Reserve Bank. However, how much inflation will be reduced by this, nothing can be said. In particular, it will be difficult to control food inflation with these measures. Experts believe that the income of the weaker sections has not increased as fast as inflation has increased. According to Crisil's report, the rate of inflation in September for the rural poor has been 8.1 percent. Whereas in urban areas, it has been only 7.2 percent for the 20 percent rich people. From this, we can understand which section has suffered the most due to inflation.
'Inflation on food grains like an increased tax on poor'
Yuvika Singhal, associated with QuantEco Research, says that the high inflation of food and drink is in a way a tax on the poor person. He says that after the Corona period, it can be increasing inequality. Popat Pawar, who works in a firm in Pune, Maharashtra, says that even though inflation is rising, the company is not increasing its salary. He says, “From oil to vegetables and milk, the prices have risen sharply. It is no longer possible to run a house with the same income as before. Especially when people in Corona had faced a crisis on large scale employment.
Also Read: Fitch Ratings: Ratings agency confident, Indian economy able to deal with external shocks
Mastodon vs Twitter: Amid the ongoing stir in the legendary social media platform Twitter, the Ma
After the Ukraine war, the European countries which had turned a blind eye to the decades-old rel
The year 2024 is going to be very special in America because in 2024 the presidential elections o
Cinematic fans shower lots of love on their favorite stars. Then whether it is a Bollywood star o
Ghazipur's MP-MLA court's decision has come in the gangster case on Mafia Mukhtar Ansari. The cou
PM Modi attacked the name of the alliance of opposition parties as 'INDIA'. He said that there is
Union Minister and senior Bharatiya Janata Party (BJP) leader Giriraj Singh has taken a dig at th
After Ranveer Allahabadia's objectionable statement in Samay Raina's show 'India's Got Latent', h
A strange incident happened on the second and last day of the G-20 summit that ended on Wednesday
After the 17th round of talks with China, it has become clear that it is not willing to reduce th
