slowdown in headline inflation in August, dropping to 4 % from 6.3 % recorded last month. Still, the numbers are yet to translate to relief for most citizens, especially because of last year’s exceptionally high base effect, even as incomes have remained stagnant.
The government — in adherence to the IMF programme — recently began making cash transfers to 1.5 million families out of the 2 million it has identified as poor and eligible. Many more families are protesting, asking to be included on the list. However, women’s groups and government critics argue that a targeted social security programme, amounting to 0.6% of the GDP, will prove grossly inadequate to combat the severe economic strain many face.
Source – The Hindu