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New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta

In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...

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Centre raises MSP for many rabi crops

The UPA government on Thursday raised the minimum support price (MSP) for most rabi crops, encouraging the sowing exercise under way. Aiming at making up the loss in kharif production due to delayed and poor rainfall, the Cabinet Committee on Economic Affairs (CCEA), presided over by Prime Minister Manmohan Singh, raised the minimum support price of wheat to be marketed in 2010-11 by Rs. 20 to Rs.1,100 per quintal. This year, the...

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Post Zamrudpur, Gammon may lose Metro, Signature Bridge projects by Sobhana K

The fates of Delhi government's favourite project, Signature Bridge, and the Delhi Metro Rail Corporation’s (DMRC) Central Secretariat to Badarpur line have become intertwined. The government is now planning to move the Central Vigilance Commission to seek permission to give the project to the second lowest bidder. The move is prompted by the decision of the DMRC to examine whether or not to blacklist Gammon India Private Limited after the...

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Bittersweet tidings by Ashok Gulati and Tejinder Narang

Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...

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Commercialisation has influenced media’s decisions: Hamid Ansari

Huge investments, the emergence of media conglomerates and their explosive growth have brought into focus new considerations that guide professional media decisions, Vice-President and Rajya Sabha Chairman M. Hamid Ansari said here on Wednesday. “Today, the demands of professional journalists are carefully balanced with the interests of owners and stakeholders of media companies and their cross media interests. The interplay of these conflicting demands is evident and [a] subject of...

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