The rise in the price of sugar, pulses and some vegetables that were in short supply pushed INFLATION up in November to 4.78 per cent, souring investor sentiments in the stock market. The wholesale price-based INFLATION jumped to five per cent from 1.34 per cent in October, according to the monthly INFLATION data released on Monday. ...

CAMBRIDGE (Massachusetts): Economist Paul A. Samuelson, a Nobel laureate and winner of the National Medal of Science, has died. He was 94. The Massachusetts Institute of Technology, where Mr. Samuelson taught, said he died on Sunday at his home in Belmont, Massachusetts. Mr. Samuelson was one of the leading economists of the 20th century and served as an adviser to Presidents John F. Kennedy and Lyndon B. Johnson. He won...

Even as reports pour in of a softening of food price futures, the spectre of food price INFLATION haunts households across the country. But to imagine that the INFLATION genie can be put back into the bottle through legislative fiat is the height of parliamentary fantasy. The Estimates Committee of the Lok Sabha has recommended just that! It wants new legislation to check price rise of essential commodities by capping...

Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food INFLATION. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

Food INFLATION soared to 17.47 per cent in the third week of November from 15.58 per cent a week ago, mirroring a shortage in supply that set in following weak monsoon in the country. With the economy on upswing, analysts said the rising food prices should prompt the government and the Reserve Bank of India to shift their focus on controlling INFLATION, otherwise it would increase manufacturing INFLATION as well. The...