RBI said path of inflation is elevated and on a rising trajectory through Q4 of 2019-20. The outlook for  inflation is highly uncertain at this juncture

Economic Survey 2020: Calling India a shackled economy, the Economic Survey pointed out that excessive intervention stifles economic freedom and leads to wasted chances of creating consumer and producer surplus

Economic Survey 2020 latest: Imported onions are rotting as there are no takers. Here's what the Economic Survey 2019-20 has to say about the onion crisis

A majority of respondents to a survey conducted by India Today and Karvy Insights feel that soaring prices of onion and other food items are indicators of the poor state of the Indian economy. The poll called the Mood of the Nation (MOTN) surveyed 12,141 people across India. The majority believe that it is either growing slowly or not growing at all. The survey responses are in line with recent estimates. According to the national income released by the National Statistical Office (NSO), India's GDP growth may fall to an 11-year low of 5 per cent in the current fiscal. Watch as India Today's Rahul Kanwal discusses the current state of Indian economy, the results of the survey and the chances of revival with experts at the World Economic Forum 2020 in Davos.

Prices of major food commodities have been surging

Mood of the Nation survey: According to the latest data by the Ministry of Statistics and Programme Implementation (MoSPI), the Indian economy is expected to grow at 5% in FY20 as against 6.8% GDP growth clocked in FY19

Onion prices peaked to Rs 160 per kg in December 2019 but have come down to around Rs 60-70% per kg now

WPI inflation increases: Onions, which saw prices peak in December, observed an inflation rate of 455.8 per cent against 172.3 per cent in November

'The nation is engrossed with the anti-CAA, anti-NPR protests. Both present a clear and present danger,' Chidambaram said

The CPI inflation, also known as retail inflation, hit a 40-month high of 5.54 per cent in November; in July 2014, the CPI was 7.39 per cent, a tad higher than December 2019's number of 7.35 per cent

To boost domestic supply and contain price rise, the government is importing onion through state-owned MMTC and also facilitating private imports

In metros, retail price of onion was ruling at Rs 120 /kg in Kolkata, at Rs 102/kg in Delhi and Mumbai and at Rs 80/kg in Chennai

WPI has been continuously declining since the start of the current financial year. It had declined 310 bps from 3.2 per cent in April to 0.2 per cent in October

Currently, Delhi is getting the potato supply from neighbouring Punjab and Haryana, where the crop is damaged because of last week's heavy rainfall

The Wholesale Price Index (WPI) inflation for September remained unchanged at 0.33 percent, the government said

The Board's discussions focussed on issues related to urban cooperative banks, extension of Enforcement Policy and Framework to cooperative banks and NBFCs, the RBI said in a statement

With retail inflation rising for the last four months, the RBI may find it difficult to cut rates going foward

On pending compensation cess disbursal to states, FM Nirmala Sitharamam said that there is no review being done in the current structure

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