Prices across the three segments food, industrial goods and oil that determine inflation rising, the year-end inflation targets have been revised. The government had earlier estimated end-March inflation at 6% but RBI now has raised it to 7%. The Food and Agriculture Organisation has raised an alert over a potential spike in global prices of sugar and cereals, especially wheat. Though India might just get away thanks to a bumper output...

If you thought only onion made headlines and governments fall, here is some more food for thought. The retail prices of brinjal soared 110% and those of tomato by 125% between the first weeks of November 2010 and January 2011, while the rise in crude oil paled in comparison, climbing about 12% in the same period. While import-dependent economies are struggling to keep their fiscal math in shape with crude...

The poor man’s fuel, kerosene — paid for by state subsidy — is diverted to adulterating Diesel mostly for truckers. And the industry is estimated to be worth half the sum the government spends on employment for the rural poor every year. Welcome to the Great Indian Kerosene Racket, which hit a new high this week when additional collector Yashwant Sonawane of Maharashtra’s Nashik district lost his life in a...

The Food and Agriculture Organisation has raised the red flag over a potential spike in global prices of sugar and cereals, especially wheat. Although India might just get away thanks to a bumper output this year, it could get caught in the spiralling milk and edible oil prices. In any case, the government has virtually thrown its hands in the air on taming fruit and vegetable prices. But it isn't just...

Maharashtra govt launches a massive crackdown on mafia. Two days after Additional Collector Yashwant Sonawane was killed after he intercepted the adulteration of petroleum products, the Maharashtra government launched a massive crackdown on suspected adulterators in the state. Raids were carried out at over 200 locations across Maharashtra and the police have arrested some 180 people. At the Centre, the government announced measures to prevent the adulteration of auto fuels with cheaper...