-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
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One more populist initiative: drinking water at Rs.10 a litre
-PTI Will be sold to passengers using State Express Transport Corporation buses Kicking off its latest populist initiative, the government on Sunday began selling packaged drinking water to long-distance bus commuters at a price of Rs. 10 for a litre. Branded as ‘Amma' drinking water after Chief Minister Jayalalithaa, the product will be sold to passengers using State Express Transport Corporation buses, and also retailed at bus terminuses across the state. Facility inaugurated Ms. Jayalalithaa...
More »Complaints mount over implementation of BPL rice scheme
-The Hindu Beneficiaries say fair price outlets are overcharging, not supplying stipulated amount Bangalore: Even as every Below Poverty Line (BPL) family is assured of rice at Re. 1 a kg for a maximum of 30 kg, charging more than the fixed price and distributing less than the stipulated quantity are common complaints across the State. When The Hindu visited a fair price shop at Salagame in Hassan district, about 9 km from...
More »Diesel, LPG hike decision in a few weeks: oil secretary
-Reuters Govt is considering Rs3-5 hike in diesel prices The government will decide on raising the Retail prices of diesel and cooking gas (LPG) in a few weeks, the oil secretary said on Thursday, in a bid to cut the biggest item in its import bill and support the local currency. India, the world's fourth-biggest oil consumer, is considering a Rs 3 to Rs 5 hike in the price of diesel, which...
More »CM sows what Buddha couldn’t reap -Pranesh Sarkar
-The Telegraph Kolkata: The Mamata Banerjee government today announced a scheme to allow big private investors to directly procure farm produce - a segment that Buddhadeb Bhattacharjee could not liberate from the stranglehold of the Forward Bloc. The scheme titled Brihat Krishak Bazar Yojana, which loosely translates into mega farmer market programme, seeks to "connect the local market to high-growth demand centres" and weed out middlemen. The project will allow private developers to...
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