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October CPI inflation dips to 5.52%, touches historic low

-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...

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Govt. LPG subsidy capped at Rs. 20 a kg -Puja Mehra

-The Hindu The Union government has also decided to resume providing subsidy on cooking gas through direct cash transfers straight into consumers' bank accounts. The Modi government has frozen the budget subsidy for cooking gas at Rs. 20 a kg. This will not mean any increase in price for the consumer right away. However, if international prices were to rise, as they normally do in winter, then the government will be faced with...

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Your food is not cheaper yet, but wait a while -Harish Damodaran

-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm Oil traded in international futures exchanges are today...

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Millet connection -Dr. Vijay Viswanathan

-The Hindu Millets in one's diet can help prevent diabetes,says Dr. Vijay Viswanathan Diabetes mellitus is a metabolic disorder in which a person has high blood glucose (sugar), either because of inadequate insulin production, or because the body's cells do not respond properly to insulin, or both. Prolonged exposure to diabetes damages important organs like the eye, the kidney, the heart and nerves, as the result of damage to small blood vessels. Heredity,...

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Agri-commodities show early signs of price rebound -Dilip Kumar Jha

-The Business Standard Wholesale prices of edible Oils have risen 40% since Oct 15; pulses and wheat have surged 4.62% and 8.33%, respectively These could still be early signs, but it appears the breather on food inflation that India has been enjoying for some time is going to end. Following a sharp reduction in production estimates, prices of key agricultural commodities have risen over the past three weeks. According to data from the...

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