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SumanSpeaks Capital Market & Geopolitical Intelligence Macroeconomics  /  Monetary Policy Crude Oil Doesn't Cause Inflation — Money Does India's transport inflation jumped from 1.75% to 4.31% in a single month this June. Headline CPI still landed at 4.38% — barely above target. The gap between those two numbers is the entire story, and almost nobody in Indian financial television is telling it. Every time crude oil climbs, a familiar script plays out on business television: anchors hold up a chart of Brent crude, warn of an "inflation bomb," and move straight to blaming the Reserve Bank of India for whatever happens next. It is one of the most persistent misconceptions in Indian financial media — the assumption that crude oil prices and consumer inflation are permanently and mechanically welded together. They are not. Crude is one cost-push ...
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Debt waiver and relief to farmers exceeds Rs66,569 cr
Out of Rs25,000 crore to be reimbursed in 2008-09 as the first instalment, the government has released Rs.15,000 crore so far and the balance Rs.10,000 crore would be released shortly.
New Delhi: The amount of debt waiver and debt relief to the farmers has exceeded by over Rs.6,569 crore against the original estimates of February this year, Lok Sabha was informed today.
As per the provisional bank-wise data received from the lending institutions, the total amount of debt waiver and debt relief is Rs. 66,569.22 crore against the initial estimate of Rs.60,000 crore in February, 2008.
“The final figures will be available only after the Statutory Audit of the lending institutions,” Pawan Kumar Bansal, Minister of State for Finance, said in a written reply in the Lok Sabha.
On the issue of reimbursement to lending institutions, the Minister said that out of Rs.25,000 crore to be reimbursed in 2008-09 as the first instalment, so far the government has released Rs.15,000 crore and the balance Rs.10,000 crore would be released shortly.
He said that no case of attachment of properties of farmers covered under the Agriculture Debt Waiver and Debt Relief (ADWDR) scheme by the banks has been reported.

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