scholarly journals An Economic Analysis on Historic Inflation Rate in India

2019 ◽  
Vol 7 (1) ◽  
pp. 61-72
Author(s):  
P Karthikeyan ◽  
M Manikandan

India's inflationary experience was a varied basket. There were some years the annual inflation rate reached a maximum of 40%, while other years were negative. Wholesale price index, differs in a wide range as the lowest value of -12.5% for the year 1952-53 and the highest amount of 38.3% for the year 1943-44. The highest value is due to the end of the world war-II. The years of high, inflation is mainly the impact of War, low agricultural production due to drought and oil price hike up in foreign countries. The inflation rate was below 6% for 38 years and above 6% for 40 years out of 78 years beginning from 1939-40 to 2016-2017. Suppose, it is assumed that India's bearable rate of Inflation is equal to or below 6%, then, India appears to be worst in controlling inflation. On the other hand, the rate of inflation above 6% to 15% was for 31years and above 15% for nine years. Therefore, many accept as accurate that India is to be an Inflation driven country. The severe economic setback in the Indian economy is inflation, which hinders the economic power of the people. Most of the people are still suffering due to increase in India. These major study aims to support the Government, and economists should generate better policies for the control the rise.

2018 ◽  
Vol 14 (1) ◽  
pp. 102-120
Author(s):  
Saipul Annur

The cleric in this study is "one who knows and has a wide range of religious knowledge and becomes a model of society". In this period of reform, change occurs in every aspect of people's life, whether economic, political, social and religious life. The change is fundamental and takes place within seconds, even difficult to guess. This of course brings the impact of confusion and uncertainty for the community in determining their life step. Indications of society's attitude are now increasingly crystallized as seen from their behavior patterns. Whether or not the public's view of the ulama has been experienced is a shift in especially those involved in the party's activities and entering the power environment. The people who were respectful and willing to listen to the words of the ulama are no longer less indications that they are engaged in activities that are contrary to the will of the ummah or who are not successful in their mission. Therefore, to restore the image of the ulama, the government once discourse the certification to this circle.   Ulama  dalam peneltian ini adalah “orang yang mengetahui dan dan memiliki ilmu   agama yang luas dan menjadi panutan  masyarakat”. Dalam masa  reformasi ini,  perubahan  terjadi pada setiap aspek kehidupan masyarakat, baik  ekonomi, politik, sosial dan kehidupan keagamaan. Perubahan tersebut  bersifat  mendasar  dan berlangsung dalam hitungan detik, bahkan sulit untuk ditebak. Hal ini tentunya  membawa dampak kebingungan dan ketidakpastian  bagi masyarakat  dalam menentukan langkah kehidupan mereka. Indikasi sikap  masyarakat  tersebut saat ini semakin mengkristal yang terlihat dari pola tingkah laku mereka. Disadari  atau tidak pandangan masyarakat  terhadap para ulama telah mengalami pergeseran teutama pada mereka yang terlibat dalam kegiatan partai dan masuk dalam lingkungan kekuasaan. Masyarakat yang tadi hormat dan mau mendengarkan perkataan ulama  sekarang  tidak lagi  apalagi ada indikasi mereka terlibat dalam kegiatan yang bertentangan dengan kehendak ummat atau yang  tidak berhasil dalam misi yang diembannya. Oleh karena itu, mengembalikan citra ulama maka pemerintah pernah mewacanakan  melaksanaka sertifikasi  terhadap kalangan ini.


Author(s):  
_______ Naveen ◽  
_____ Priti

The Right to Information Act 2005 was passed by the UPA (United Progressive Alliance) Government with a sense of pride. It flaunted the Act as a milestone in India’s democratic journey. It is five years since the RTI was passed; the performance on the implementation frontis far from perfect. Consequently, the impact on the attitude, mindset and behaviour patterns of the public authorities and the people is not as it was expected to be. Most of the people are still not aware of their newly acquired power. Among those who are aware, a major chunk either does not know how to wield it or lacks the guts and gumption to invoke the RTI. A little more stimulation by the Government, NGOs and other enlightened and empowered citizens can augment the benefits of this Act manifold. RTI will help not only in mitigating corruption in public life but also in alleviating poverty- the two monstrous maladies of India.


2020 ◽  
Vol 4 (2) ◽  
pp. 165-182
Author(s):  
Aep soleh Soleh

This study investigates the impact of fuel price adjusment on changes in fuel consumption and inflation in Indonesia. This study uses secondary data obtained from the Ministry of Energy and Mineral Resources, the Ministry of Finance, the Ministry of Trade, Bank Indonesia, the Central Bureau of Statistics (BPS), and PT Pertamina (Persero) from 2006 to 2016 and analyzed by using Ordinary Least Square (OLS) method. Research showed, if the government increases Premium Gasoline's price by 10%, in average its consumption would decrease around 2,99 %. However, if the Pertamax Gasoline's price increases, the consumption of Premium Gasoline would also increase due to substitution effect. Every 10% increase in Subsidized Diesel's price, in average its consumption would decrease around 4,80 % and vice versa. However, if the Pertamina dex's price increases, the consumption of Subsidized Diesel would also increase due to substitution effect. Moreover, IDR1.000/L increase in Premium Gasoline's Price would contribute 1,10 % to the inflation rate. On the other hand, increase in Subsidized Diesel's price does not contribute to the inflation rate.


2016 ◽  
Vol 12 (1) ◽  
pp. 89-96
Author(s):  
Ari Mulianta Ginting

Inflation is one of the macroeconomic indicators of concern for the government. The high inflation rate could disrupt the economy. This study tried to analyze the factors that cause inflation in Indonesia. This study used a qualitative and quantitative approach using secondary data period 2004-2014. The results of the qualitative analysis showed that in the period 204-2014 inflation rate in Indonesia was fluctuated  While the results of the regression analysis VECM, indicating that the inflation rate in Indonesia is influenced by the variable of  exchange rate, money supply and level of consumption. While the GDP variable has a negative influence on inflation. In order to control the inflation rate the government could use macroeconomic variables such as exchange rates, the money supply well. Besides controlling public consumption at a good level and increase the production of goods and services to meet community needs.   Inflasi merupakan salah satu indikator ekonomi makro perhatian bagi pemerintah. Tingkat inflasi yang tinggi dapat mengganggu perekonomian. Penelitian ini mencoba untuk menganalisis faktor-faktor yang menyebabkan inflasi di Indonesia. Penelitian ini menggunakan pendekatan kualitatif dan kuantitatif dengan menggunakan periode data sekunder 2004-2014. Hasil analisis kualitatif menunjukkan bahwa tingkat inflasi periode 204-2014 di Indonesia berfluktuasi. Sementara hasil VECM menunjukkan bahwa tingkat inflasi di Indonesia dipengaruhi oleh variabel nilai tukar, uang beredar dan tingkat konsumsi. Sementara itu variabel GDP memiliki pengaruh negatif pada inflasi. Untuk mengendalikan tingkat inflasi pemerintah dapat menggunakan variabel ekonomi makro seperti nilai tukar, uang memasok baik. Selain mengendalikan konsumsi masyarakat pada tingkat yang baik dan meningkatkan produksi barang dan jasa untuk memenuhi kebutuhan masyarakat.


2021 ◽  
Vol 13 (16) ◽  
pp. 8753
Author(s):  
Maha Hoteit ◽  
Youssef Al-Atat ◽  
Hussein Joumaa ◽  
Suheir El Ghali ◽  
Rania Mansour ◽  
...  

This study aims to explore the prevalence and correlates of food insecurity among Lebanese households since the ordeals of COVID-19, economic crisis, and Beirut port explosions. At the core of the study, a mobile application entitled Nutrition Assessment System (NAS) that simplified the data collection was used as toolkit and a technical test was carried out in all Lebanese governorates between November 2020 and March 2021. Findings show that food insecurity is an immediate problem for households in Beirut and in many governorates in Lebanon. Nine in every 16 households ate less than 2 meals per day and more than 70% of them skipped their meals to spare food. Even though half the population studied had a low food consumption score, 82.4% of the people were not relying on livelihood coping strategies. However, more than three out of ten of these households relied on at least three food-based coping strategies. In addition, as for the livelihoods, this assessment found that most Lebanese households reported a drop in income along with an expansion in debt incurrence in the last 24 months to be able to buy food. Improving food security in Lebanon requires effort not only on the part of the government, but through regional and international actions.


2020 ◽  
Vol 20 (2) ◽  
pp. 174-196
Author(s):  
Rakhmat Prabowo ◽  
Mohamad Ikhsan

This study is intended to explain the impact of central bank credibility on inflation in Indonesia at the producer and consumer level. In this study, Central Bank Credibility is measured using an index with values between 0 (zero credibility) and 1 (perfect credibility). Generalized Method of Moments (GMM) method is used to analyze the impact of central bank credibility on inflation. Based on the results, central bank credibility can reduce inflation on both producer and consumer price. Central bank credibility is more sensitive towards producer price index compared to Gross Domestic Product (GDP) deflator and wholesale price index while at the consumer level, central bank credibility is more sensitive towards core inflation compared to headline inflation. -------------------------------------- Penelitian ini menjelaskan dampak kredibilitas Bank Sentral terhadap inflasi di Indonesia. Dampak kredibilitas Bank Sentral dianalisis pada tingkat produsen maupun konsumen. Untuk mengukur kredibilitas Bank Sentral, penelitian ini menggunakan indeks kredibilitas bernilai 0 (zero credibility) hingga 1 (perfect credibility). Metode Generalized Method of Moments (GMM) digunakan untuk menganalisis dampak kredibilitas Bank Sentral terhadap inflasi. Berdasarkan hasil empiris, kredibilitas Bank Sentral cenderung lebih memengaruhi inflasi pada Indeks Harga Produsen (IHP) dibandingkan Indeks Harga Perdagangan Besar (IHPB) dan deflator Produk Domestik Bruto (PDB). Kredibilitas Bank Sentral lebih memengaruhi inflasi inti dibandingkan dengan inflasi umum. Dari hasil empiris diketahui bahwa kredibilitas Bank Sentral lebih memengaruhi inflasi pada sisi produsen dibandingkan konsumen.


2020 ◽  
Vol 15 (3) ◽  
pp. 94-109 ◽  
Author(s):  
Debashree Das ◽  
Avik Datta ◽  
Patanjal Kumar

COVID 19 pandemic is the worst crisis that mankind has seen since World War-II. It has exposed glaring loopholes in the healthcare system and led to a global health crisis. In absence of any specific treatment or vaccine, countries began to enforce strict lockdown measures leading to a complete shutdown of economic activities. The purpose of this study is to identify key exit strategies that can be implemented to mitigate the impacts of COVID 19. Identification and categorisation of parameters have been done using multi criterion decision making tool of Interpretive Structural Modelling (ISM) and MICMAC analysis. The study highlights a classification of key strategies based on their driving power and dependence which may enable Government to strengthen the disease surveillance system and effectively reduce the impact of the disease. The findings of the study suggest that Environmental Sustainability and Human Well-being; Online Awareness and Capacity Building Programme; Graded Surveillance- Targeted Restrictions and Stricter norms for Inter-State Mobility; and Harmonization between Centre, State and Local Authorities are the most important strategies that needs to be factored in while planning for the post lockdown economic recovery. Thus, the study can assist the government in devising exit strategies while framing the pandemic response plan.


2021 ◽  
Vol 8 (Special Issue) ◽  
pp. 339-353
Author(s):  
Nur Harena Redzuan ◽  
Amir Abidin Bashir

A microfinance scheme was introduced in Malaysia in the year 1987 as one of the alternatives to poverty eradication strategies in the country by the government. Since then, several institutions have created to carry out the agenda of providing small loans to the low-income group to start up their small-scale business to generate more sources of income to support their household consumption. However, for a certain reason, the people still do not find microfinance an important tool to uplift their economic positions. Most of the low-income groups are still unaware of this golden opportunity tailored for them. Besides, the sustainability of these subsidized microfinance systems implemented by Malaysia had not been appropriately studied. This study explores the attractiveness of the products offered by microfinance institutions and emphasizes the option that the participants must start utilizing the product. This research also explores microfinance facilities that contain conventional finance element which is prohibited in Islamic trade. The study also discusses the measures and actions taken by microfinance institutions in serving the low-income group in Malaysia. This paper employs a qualitative method through interviews and content analysis. The report, journal publications, and other related documents were also analyzed in achieving the objectives. The study provides the impact that it may pave the way to an indistinct understanding of how Islamic microfinance institutions sustain their operations.


2018 ◽  
pp. 178-189
Author(s):  
Grishma Soni ◽  
Prachi V. Motiyani

As we all know that food is the basic Human necessity, without which no one can survive. Making food available for all the people in the world is now days becoming a complex issue. The availability food is decreasing as a result of increase in population that will result in food insecurity or malnutrition. Indian constitution interprets the right to food as part of right to life, which is fundamental human right. Change in climate, the impact of globalization, Global Warming, Carbon dioxide emission from fuel etc. also affects the right to food of many people. This paper examines the situation prevailing in India and looks into the obligations and initiatives by the government of India to ensure Right to Food and make suggestions for addressing the issue and examines the possible way to make the scheme workable to achieve food security.


1994 ◽  
Vol 36 (2) ◽  
pp. 285-298 ◽  
Author(s):  
Louise Thornthwaite

While conciliation and arbitration tribunals have been at the forefront of Austral ian research on industrial relations institutions, numerous specialist tribunals enforcing individual workers' rights in employment have been virtually hidden from view. This paper examines the role of two such tribunals in New South Wales, the Government and Related Employees' Appeal Tribunal and the Equal Opportu nity Tribunal. It argues that although their most direct and public role is to resolve individuals' grievances, equally significant is the contribution of these agencies to the detailed regulation of employment relations and hence the increasing sophisti cation of labour management in public sector organizations since the late 1970s, and the institutionalization of management prerogatives and conflicts over an increasingly wide range of employment decisions.


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