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Mitali Mukherjee Profile picture
Mitali Mukherjee
@MitaliLive
Director, Journalist Programmes at @risj_oxford I Writes on Political Economy I Chevening Fellow I TEDx Speaker I Raisina Fellow I AIYD I Tweets are personal
Mar 9, 2022 • 6 tweets • 5 min read
Quick thread on 2022, Ukraine and India
Q: Why does it feel like everything's falling apart since Ukraine ?
A: Things were already pretty bruised. Ukraine has ripped the band-aid off 1/n

Link to my story : thewire.in/economy/the-uk…
#UkraineRussianWar #India @thewire_in Inflation is now a full-blown problem. Estimates indicate that EVEN if the central government were to cut fuel taxes average CPI inflation for FY’23 could shoot past the RBI’s plimsol line of 6.0%. #inflation #Crude #India #UkraineRussianWar
Mar 7, 2022 • 5 tweets • 4 min read
A short thread on Crude again. Aside from the jokes about filling your tanks now (really solves nothing), the problem with crude is not that retail prices will rise at $115. That is happening worldwide. 1/n
#Crude #PriceHike #inflation The problem is that
1. Election tactics will squeeze a very large increase into a very short window causing stress to people
2. What have we done with policy? Last time crude was $100, then RBI head Raghuram Rajan suggested deregulating diesel - nothing done . 2/n
#Crude
Mar 4, 2022 • 8 tweets • 8 min read
A thread on my piece on the RBI. Full story link here:
But the central ( pun unintended) question here is, what should the Reserve Bank be doing in this environment, and is it doing what it should/could ? 1/n
#inflation #RBI #UkraineRussianWar #CrudeOil
scroll.in/article/101869… Last RBI meeting saw inflation being termed as not a big worry and that action will be taken when necessary. Let’s examine what has happened with some of the elements that add to the inflation/ cost pressures of a household 2/n
#inflation #RBI #UkraineRussianWar #CrudeOil
Feb 16, 2022 • 7 tweets • 3 min read
A thread on my piece around fuel price hikes. Come 10th March, sharp fuel price hikes are coming. How sharp ? $1 increase in Crude leads to a 50 – 60 paisa/ litre increase in retail fuel prices. Total increase could be as high as Rs 10/ litre. 1/7
scroll.in/article/101748… Govt & Oil Companies say they're protecting consumers. Guess what ? April '20 -Crude fell as low as $9.12/ barrel. What did Oil firms do ? Stopped price revisions for *82 days*. In May 21, we saw 16 fuel price hikes. Consumers were hit by no benefit & then record high prices 2/7