{"id":36929,"date":"2022-04-19T20:34:39","date_gmt":"2022-04-19T15:04:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/wb-inflation-sircar\/"},"modified":"2022-04-19T20:47:52","modified_gmt":"2022-04-19T15:17:52","slug":"wb-inflation-sircar","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/wb-inflation-sircar\/","title":{"rendered":"Centre fuelling inflation instead of controlling it: Jawhar Sircar"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2980821349\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kolkata, Apr 19 (PTI) TMC Rajya Sabha MP Jawhar Sircar Tuesday said West Bengal\u2019s ruling party \u201cstrongly feels\u201d that the BJP-led central government was \u201cfuelling\u201d inflation, instead of controlling it, due to its handling of the economic impact of the Russia-Ukraine crisis.     He said the TMC also took exception to the Centre\u2019s economic policies that \u201ckeep enriching a small class\u201d and the continued conflagration by increasing petrol and diesel prices.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2503123452\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>\u201cThe economic impact of the Russia-Ukraine crisis could have been planned and handled better, instead of mechanically loading every increase of crude oil cost on diesel and petrol,\u201d the former CEO of Prasar Bharati told PTI over phone.<\/p>\n<p>\u201cThis is like feeding fat into the fire, instead of dousing it. Diesel is the lifeblood of transport and consequently, all costs go up as a chain reaction,\u201d he said.<\/p>\n<p>Sircar said the food inflation (based on the Wholesale Price Index) is higher at a record 14 per cent over last year, while retail inflation (based on the Consumer Price Index) is over the upper barrier of 6 per cent, which \u201cmakes a mockery of the Reserve Bank of India\u2019s Monetary Policy Committee (MPC), for the second time since June 2021\u201d.<\/p><div class=\"trade-content_5\" id=\"trade-1338853727\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The RBI\u2019s rate-setting panel, in its first MPC meeting this fiscal, had kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation.<\/p>\n<p>The Union government\u2019s alleged mismanagement has resulted in an \u201call-time record\u201d fiscal deficit of over Rs 16.6 lakh crore in 2021-22, and it will only increase inflation and India\u2019s international ranking as a destination for foreign investment will fall sharply, he said.<\/p>\n<p>The Rajya Sabha MP also said the total public debt is at a \u201cdangerous level\u201d of 60 per cent of the entire annual national wealth \u2013 the GDP.<\/p>\n<p>\u201cThis is simply exceedingly bad financial management, and the merciless sale of national assets to people favourable to the regime is bad politics and worse economics. The example of neighbouring Sri Lanka\u2019s unmanageable economy should wake us up,\u201d Sircar added. PTI RBT NN   NN<\/p>\n<div class=\"trade-after-content\" id=\"trade-4128224600\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kolkata, Apr 19 (PTI) TMC Rajya Sabha MP Jawhar Sircar Tuesday said West Bengal\u2019s ruling party \u201cstrongly feels\u201d that the BJP-led central government was \u201cfuelling\u201d inflation, instead of controlling it, due to its handling of the economic impact of the Russia-Ukraine crisis. He said the TMC also took exception to the Centre\u2019s economic policies that [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-36929","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Centre fuelling inflation instead of controlling it: Jawhar Sircar - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/wb-inflation-sircar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centre fuelling inflation instead of controlling it: Jawhar Sircar\" \/>\n<meta property=\"og:description\" content=\"Kolkata, Apr 19 (PTI) TMC Rajya Sabha MP Jawhar Sircar Tuesday said West Bengal\u2019s ruling party \u201cstrongly feels\u201d that the BJP-led central government was \u201cfuelling\u201d inflation, instead of controlling it, due to its handling of the economic impact of the Russia-Ukraine crisis. 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