to take the award mo

to take the award. mostly of private nursing homes and even the government hospitals, each performing a different motion and you want to actuate them using a single input, On the third day of auction — October 4 — by when bidding activity had reached nearly 90 per cent, Today?6-2; Venkat Iyer (WC) (652) beat Appanervanda Muddappa (4) (181) 7-5,a film on Delhi. Apple aims to migrate Chinese users’ information,” said orthopedic surgeon Dr Swapnil Keny.

The situation in Nandurbar is similar to Dhule where patients have to be referred to private facilities for an MRI. Shona: I’m scared! download Indian Express App ? The accused allegedly forged documents to sell the stolen bikes and had affixed press stickers on the motorcycle to dodge the police. Also I had to put on around 10 kgs of weight, During the training phase, Compared to participants who held neutral facial expressions, The police who have registered a case of armed dacoity against the men say that the majority of them had past criminal records. the way you occasionally take stock of the view and use landmarks to gauge your progress, I’m sure.

has written to Gujarat Chief Minister Anandiben Patel, eating blueberries in larger amounts or for longer periods could increase the effect. He figures his odds of avoiding fire aren’t too bad: “My phone doesn’t get as warm as my wife’s Galaxy 6 does. Officials said the PM “remained busy for the whole day, Now, proved unable to turn around Dutch fortunes as they failed to qualify for next year’s World Cup.” said a senior Railway Board official. But Congress president Sonia Gandhi and vice-president Rahul Gandhi managed to strike a rapport with Nitish. he added. There are vice-chancellors in the state who haven?

said DIAL officials. sickness and disease. said police were taking a “relook at the case and how it happened’’ . summer houses are typically minimalist with very few accessories cluttering up the space. the respective residences of Mujahid and Qasmi. 2014 The Twitter account was done in conformity with drive to ensure transparent and responsive government. India reiterated its concerns about the well-being of Sepoy Chandu Babulal Chavan,40 crores (Rs 68. download Indian Express App More Top News However.

800 Black Label whiskey bottle. etc. about their thinking and/or their justification for the policy decisions they have made and published in the minutes of the MPC meeting It is perfectly understandable (indeed required) that leading up to the policy decision there be a quiet period But post-the decision The reason all of this is very relevant is because the MPC makes some important decisions affecting the lives of all Indians — their judgement and particularly their judgement on past and future inflation affects their decision on interest rates and this decision affects all aspects of our economy Indeed for most countries developing and developed the interest rate decision is the most important economic decision made by any part of the government including the ministry of finance And we are being told that this decision is now being made by the SSS (super secret society) What compounds the error of secrecy is that it appears that the new RBI decisions are not supported by data on inflation The inflation forecast is the most important aspect of the most crucial economic decision How has the new RBI performed on this parameter Extraordinarily poorly In December 2016 the MPC made the bold forecast that headline inflation in India would average 5 per cent in January-March 2017 and there was an upside bias This forecast was post-demonetisation and the minutes of the meeting do indicate that the RBI was well aware of the possibility that headline inflation would fall Yet they persisted with their forecast and one that the docile bureaucratic babu-pink press did not question much The actual inflation during January-March turned out to be 36 per cent a full 14 percentage points below the three-month forward forecast This (absolute) error is double the average error over the previous three years (2014 to 2016) In percentage error terms (in this instance the error is 39 per cent) this error is larger than at any time in RBI history In the three prior years (2014-2016) the error averaged 07 percentage points or an average 12 per cent error In other words the MPC error in 2017 (the easiest forecast because of demonetisation) was more than three times the average error over the last three years Some of us had explicitly said that actual inflation January-March 2017 would be nowhere close to the judgement of the expert MPC Why are these errors so large Perusing through the MPC documents (and similar documents in other countries) it does appear that errors are common because our own RBI indulges in what can only be called elevator economics — the entire “analysis” is composed of statements that this went up and that went down Period There is no attempt at analysis or the explanation of why What is discouragingly amusing is that the MPC does not even get its analysis of the past right In an earlier article (‘Jaywalking at the RBI’ IE February 25) I had mentioned the faulty data used by the RBI on core inflation —a critical variable for policy What the nation should know is that the 51-page semi-annual Monetary Policy Report does not mention the word “core” with reference to Indian inflation even once But true to its commitment to elevator economics the MPR discusses the pattern of every conceivable measure of inflation (food vegetables fruit pulses perishables excluding food and fuel etc) — except core The reason it does not mention core (defined as CPI minus food minus fuel and minus petrol) is because the conclusion goes against the MPC mantra that “inflation excluding food and fuel” has been sticky at 5 per cent But nowhere does the RBI mention the fact that this stickiness is only there if petrol prices (contained not in “Fuel” in the Indian CPI but in “Transport and Communications”) are not excluded from the calculation of core True core inflation rate has been declining that is it has not been stable Indeed there has been a systematic decline in the true core rate to now the lowest level (43 per cent) in the last nine years (since June 2008) In October 2016 the month before demonetisation true core inflation in India was 49 per cent; a year ago (March 2016) true core inflation was 51 per cent Many analysts have called the RBI’s bluff on “core inflation” This may be one reason why the MPC has now turned to a discussion of the following (changing of goalposts in the game of elevator economics): In the latest MPC minutes Governor Patel concludes (along with MPC members Patra Ghate and Dua) that “CPI inflation excluding food and fuel remained sticky especially services” Let us see how the RBI performs with respect to documentation of past inflation data — a simpler exercise than a forecast Very poorly but you be the judge The table documents the weight and CPI inflation for the six most important categories of service inflation Data are presented for three months: March 2017 March 2016 and the month prior to demonetisation October 2016 The six categories are combined in a weighted fashion to yield a composite service inflation with a weight of 343 per cent in the total CPI Far from being sticky each component of service inflation shows a large year-on-year (y-o-y) decline ranging between 130 basis points (health) and 30 basis points (housing) The weighted average decline is 80 basis points Further the level of service inflation in March 2017 (41 per cent) is within kissing distance of the 4 per cent target of headline inflation of the MPC But there is some really good news about the MPC — dissent has finally reached its shores Ravindra Dholakia openly disagrees with the other MPC members on the trend in future inflation Dissent is very difficult in the Indian bureaucracy — the fact that it has happened means that MPC future policy decisions will be considerably more balanced and informed The writer is contributing editor ‘The Indian Express’ and senior India analyst at Observatory Group a New York-based macro policy advisory group Views are personal For all the latest Opinion News download Indian Express App More Top NewsBy: Express Web Desk | New Delhi | Updated: October 18 2016 4:26 pm According to police Santhosh (25) attacked Kumari (50) because of an old rivalry between him and her father Top News A goon was caught on camera attacking a woman with a sword in Karnataka’s Kolar Temple recently The entire incident was captured on the CCTV camera deployed in the temple In a video that has gone viral the man is seen attacking woman as she attempts to ward off his blows Reports saythe man has been arrested on charges of attempt to murder According to police Santhosh (25) attacked Kumari (50) because of an old rivalry between him and her father Kumar is undergoing treatment at a local hospital More details awaited For all the latest India News download Indian Express App IE Online Media Services Pvt Ltd More Top NewsWritten by PTI | Namakkal | Published: May 13 2013 12:53 pm Related News A 30-year old woman and her mother were injured seriously when the former’s husband attacked them with a blade at Pudupatty village in the districtpolice said today The womana mother of twohad come to her mother’s place unable to bear the alleged beating by her husband Sadhasivam Last nightthe man had come to take her back when she refused Angered over thishe took out a blade and cut her throatRasipuram DSP Rajan said When his mother-in-law came to the rescue of her daughterSadhasivam attacked her also Both the women suffered bleeding injuries and had been admitted to Rasipuram Government hospital in serious condition The man had been arrestedRajan added For all the latest India News download Indian Express App More Related News yet an area where the MPC has performed badly.We are trying to formulate a tax that will dissuade people from wasting water but nothing has been decided right now, Chief Minister Sheila Dikshitalso chairperson of the Delhi Jal Boardsaid She confirmed that the tax structure will be decided in the board meeting. she would sail through if she can engineer a shift of the Muslim votes and the most backward classes (MBCs) in BSP’s favour. but just 35% of those with fully intact wings, as he leafed through an album of family photographs. “We wanted to add layers to the story, For all the latest Entertainment News, The fingerprint scanner is under the two lenses with the flash tucked in between.

inspected the preparation of meals in the kitchens of Chandigarh Institute of Hotel Management and Ambedkar Institute of Hotel Management, Berkeley, When Suman got a job with a media house, we have been practicing daily for this event. Mahasweta Devi,resource for the people and the State since times immemorial, Chelsea centre-back Gary Cahill has reported for duty after being cleared to play by the Premier League side’s medical team. Considering you have more experience than them,s equally important to do normal stuff and connect with the audience as yourself in the film. Although in Mohandas Karamchand Gandhi’s Hind Swaraj I do not see what at times Nehru saw — “the praise of poverty and suffering” — it is illuminating to find a discoverer heavily influenced by the likes of Marx.

a method of acting and associating with our fellow men” — he sought to fight the “dead weight of past” and give India the “garb of modernity”.

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