Food inflation moved up to 11.49 per cent for the week ended February 12 as compared with 11.05 per cent for the previous week even as prices of certain items fell marginally. Despite the increase, Prime Minister Manmohan Singh today said while inflation has been a concern for the last 18 months, it will come down to 7 per cent by the end of the current fiscal. According to the Wholesale...

At least 100,000 trade unionists marched through New Delhi on Wednesday in a protest against high food prices and unemployment, piling pressure on an administration under fire over corruption scandals. The demonstration was the biggest in New Delhi in years and included members of a trade union linked to the ruling Congress party, reflecting disquiet within the party over food inflation which hit a high of over 18 percent last December. It...

Prime Minister Manmohan Singh today said food price rise was a “problem” and promised to take tackle it without affecting economic growth. “Inflation in the last 18 months has become a problem. We stand committed to control inflation… By the end of this fiscal year, I hope the inflation will come down to 7 per cent,” Singh told the Lok Sabha. The latest food inflation figure has crossed 11.4 per cent...

Prime Minister Manmohan Singh in a strong sounding speech in Parliament on Thursday said that "if there is a scam it must be dealt with the law of the land. Law of the land must punish the wrong doers". "Unfortunate developments have taken place in the areas of telecom and Commonwealth Games. I assure the House there is nothing we will not do to clean our public life," Manmohan Singh said. "Our...

Although finance minister Pranab Mukherjee had promised food security and inclusive growth in his budget speech last year, hunger continues to stalk over 300 million citizens of the country. India slipped to 67th place in the Global Hunger Index 2010 rankings of 122 countries prepared by International Food Policy Research Institute. An Oxford University report said that 410 million Indians live in poverty. While there may be nit-picking over the...