-The Times of India The Tatra trucks being supplied to the Indian Army are obsolete, running on fuel-guzzling old engines with mechanical transmissions that are years behind the rest of the world, Army sources said. The details are believed to be part of Army chief General V K Singh's inputs to the CBI. The severe shortcomings would be a key part of the CBI's inquiry into Gen Singh's allegation that he was...
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Rural purchasing power waning on inflation, rising input costs-Heena Khan
But non-farm income keeps economy afloat New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...
More »Petrol consumption may decelerate in FY12 by Amrit Raj
The growth rate of petrol consumption is set to fall below 5% in the current fiscal, the first time in five years. Meanwhile, the consumption of diesel continues to grow at 7%, adding to the losses of the oil marketing companies on account of subsidies. In India, diesel is subsidized while petrol is not, and the price difference has led to more buyers opting for vehicles driven by the cheaper fuel. According...
More »Govt to set up more rice mills in rural areas
-Statesman News Service The state food department will set up rice mills on the public-private partnership (PPP) model at 158 blocks of the state. Chief minister Mamata Banerjee has initiated the process to avoid any further problem in rice procurement. The crop production was high this year, but due to dearth of rice mills the state food department initially faced problem in the procurement process. State food minister Jyotipriya Mullick said: "We...
More »India-EU summit plans 'strict' road map for free trade pact by Amiti Sen
The India-EU summit scheduled in New Delhi next week will lay down a 'strict' road-map for conclusion of the ambitious bilateral free trade pact and also strengthen cooperation in security. Commerce and industry minister Anand Sharma briefed Prime Minister Manmohan Singh on Wednesday on the progress made in the FTA negotiations and the areas that still need to be sorted out. "The PM was briefed on the status of the India-EU...
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