-The Hindu The policy reversal could impact Delhi's FDI-friendly image with the city's consumers being amongst the top spenders in the country. The Arvind Kejriwal-ruled Delhi government has decided to withdraw Foreign Direct Investment (FDI) in multibrand Retail. On Monday, the Aam Aadmi Party (AAP) government informed the Centre of its decision to renege on its predecessor, the Sheila Dikshit dispensation's approval of the policy. Monday's policy reversal could impact Delhi's FDI-friendly image....
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Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December Retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
More »CAG’s Taj e-way audit may indict 2 ex-CMs -Pradeep Thakur
-The Times of India NEW DELHI: The comptroller and auditor general (CAG) is finalizing a report on yet another instance of massive loss to the state exchequer because of favours shown to private parties by the political establishment. The CAG's audit report on the Taj Expressway project could also find place among India's biggest scams, with successive Uttar Pradesh governments being accused of causing loss of thousands of crores to the...
More »'Network of Retail cooperatives may help tame food inflation' -Siddharta & Surojit Gupta
-The Economic Times NEW DELHI: The government's key policymakers are drawing up plans to tackle the problem of stubborn food prices and may rope in cooperative entities to set up standalone stores to sell vegetables and other food products across the country. The race to tackle the inflation problem, identified as one of the factors for the rout of the Congress in the recent state elections, has gathered momentum in the run-up...
More »Price of Non-Subsidised LPG Hiked by Rs 220 a Cylinder
-Outlook The price of non-subsidised cooking gas (LPG), which customers buy after consuming their quota of subsidised cylinders, was hiked by a steep Rs 220 per bottle today on firming international rates. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi, state-owned fuel Retailers said. This is the third increase in non-subsidised LPG rates in...
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