-The Economic Times   Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...

-News on Air   The Food Security Bill finalised by the National Advisory Council will be brought to Parliament shortly for approval. The draft bill entitles 75 percent of the population to highly subsidised food grains. It provides for people living Below Povery Line getting rice at three rupees a kilogram and wheat at two rupees a kilogram. The Bill proposes that general households will have the right to 20 kilograms...

-The Telegraph   India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. “Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence,” Mukherjee said. Differences exist within the Indian government on the appropriate policies for foreign direct investments in the...

-The Economic Times   Reacting strongly to the hike in the prices of diesel , kerosene and LPG, farmers across the country have contended it would have adverse affects on the agriculture sector and even prompt them to end their occupation. Petroleum Minister S Jaipal Reddy announced of a hike in the price of LPG (liquefied petroleum gas) cylinders by 50 rupees on Friday. Apart from the price of LPG, the federal government's...

-IANS   The problem of inflation has worsened across India but the price rise has been sharper in rural areas than urban, official data showed Monday. The consumer price index for rural areas jumped by 9 percent in May, while that for urban areas rose by 5 percent, according to data released by the Central Statistics Office. In a bid to monitor price movements in the different parts of the country, the statistics...