-PTI Retail inflation moved up marginally to 10.36 per cent in May on account of increase in prices of vegetables, edible oils and milk. Based on the Consumer Price Index (CPI), the inflation for April was revised to 10.26 per cent from the provisional estimate of 10.32 per cent, according to the government data release here on Monday. Vegetable prices recorded the maximum spurt in prices, up 26.59 per cent, followed by edible...
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Maximum support prices
-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...
More »Delhi to bring back low-price fortified wheat in markets-Gaurav Vivek Bhatnagar
-The Hindu ‘Bhagidari atta' to be rich in fibre and nominally priced With a huge wheat harvest across North India and massive pile-up of stocks in godowns not resulting in a drop in the price of flour, the Delhi Government has decided to step in yet again with the sale of its “Bhagidari atta” for providing people with wheat flour at a reasonable price. Delhi Food & Civil Supplies Minister Haroon Yusuf, who...
More »Petrol price may be cut by up to Rs 2 a litre soon-Piyush Pandey
-The Times of India Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut petrol prices by up to Rs 2 per litre on Friday due to falling international crude prices. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the last one year, have provided enough legroom for the oil firms to reduce petrol prices. State-owned oil marketing...
More »Move to raise income cap for OBC benefits deferred
-The Hindustan Times The Union Cabinet has deferred the decision to raise the income ceiling to avail of OBC quota benefits in jobs and education. The ministry of social justice and empowerment's proposal to increase the ceiling from present Rs. 4.5 lakh to Rs. 6 lakh could not be approved due to demand from a section of ministers to further raise the limit. According to sources, a few OBC ministers opined the...
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