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Interest rates may fall as inflation slows to 3-year low

-The Times of India The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruits and milk prices, brightening the prospect of an interest rate cut by RBI while bringing relief for the politically beleaguered government. Lower interest rates would provide relief to thousands of borrowers reeling under the burden of high equated monthly installments ( EMIs) on their home loans. Data released...

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Banking on hope -Sagnik Dutta

-Frontline How far will the proposed women's bank help marginalised sections when women's SHGs get little support and find it hard even to open accounts in public sector banks? WHILE the recent announcement of a women's bank in the Union Budget has been touted as a progressive measure for the financial inclusion of women, no concrete measures have been forthcoming to make all existing public sector banks sensitive to the needs...

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Poor Households to Get Goats, Poultry in Bihar: Nitish

-Outlook Patna: Poor households in Bihar will be provided poultry and goats free-of-cost so that they get their supplement of nutrition in the form of eggs and milk, Chief Minister Nitish Kumar said today. "Every poor family will get three goats each through self -help groups (SHGs) as part of a development plan," Kumar said at a function here. "Besides, 5.50 lakh households each will get 45 hens in three instalments through SHGs,"...

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Food prices worry govt ahead of 2014 elections -Rajeev Deshpande

-The Times of India The Manmohan Singh government's mission in a pre-election year seems cut out: To check and roll back retail food inflation that rose from 4% in January last year to 13% in December, a trend that could blight its 2014 poll ratings. With food prices accounting for half of overall inflation, this group stayed above 10% most of last year, higher than the overall consumer price index figure of...

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Protein portents- Subir Gokarn

-The Business Standard Relative price changes across food items may impinge on long-term food security Rising food prices have been a significant driver of inflation in India over the past few years. In early 2008, there was a global surge in food prices, which certainly had an impact on the domestic situation. But, this subsided in a few months. Since then, the pressures seem to have been predominantly internal. If these trends...

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