The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...

-The Hindu   Faced with strong protests from farmers and a demand from the Maharashtra government, the Centre on Tuesday announced the lifting of the ban on export of onions with immediate effect. The decision was taken by the Empowered Group of Ministers (EGoM) on Food headed by Finance Minister Pranab Mukherjee. “Ban on onion export has been lifted,'' Union Minister for Science and Technology Vilasrao Deshmukh told journalists after the meeting. Union Agriculture...

-The Times of India   For all those already reeling under a series of hikes in petrol prices on the back of zooming inflation, here is some news that will enrage you further. Data of Retail Prices in countries across the world shows that Indian prices are amongst the highest in the world at current exchange rates. And, if you even out the differences in purchasing power of different currencies then Indian...

-The Business Standard   Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...

-The Telegraph   The Centre tonight banned onion exports to check rising Retail Prices, re-imposing the curbs only six months after it lifted them following a dip. At the same time, it lifted four-year restrictions on overseas sale of wheat and non-basmati rice to ease storage problems following record production last season. “Onion exports have been banned with immediate effect. The ban will be reviewed on a fortnightly basis,” food minister K.V. Thomas said...