Food inflation rose sharply to 6.19% in January from 4.58% in December, led by rising prices of most segments Livemint.com The union government on Wednesday sold 385,000 tonnes of wheat worth ₹901 crore in the open market, in the second round of a planned auction of THRee million tonnes it plans to offload from the central pool to counter rising prices of the key foodgrain. The move assumes significance as India’s retail inflation...

Shashikant Warishe was mowed down allegedly by the subject of his last report on a controversial refinery - Newslaundry “He was the only journalist who covered the refinery protests…From the time the protests began until now, he covered everything…other newspapers barely gave coverage to the issue. People here liked him a lot because he was the sole journalist who cared about their issues.” That’s how Dipak Joshi remembers his friend Shashikant Warishe,...

Reuters Indian household's inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of India's latest round of internal surveys conducted in January showed. As per the survey, respondents expect higher price pressures for household durables and cost of housing over the next THRee months as compared to the previous survey round, the release showed. Among consumption categories,...

The draft bill allows insurance companies the freedom to sell different financial products Mint The government is likely to introduce the Insurance Laws (Amendment) Bill 2022 in the monsoon session of Parliament to bring deep reforms in the insurance sector, including a provision for composite insurance licence and flexibility in entry barriers, two people aware of the development said. According to them, stakeholder consultation on the draft bill is expected to be...

Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...