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Inflation in double digits, rate hike looks imminent

Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...

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Govt examining Kirori Lal Meena's complaint of hunger deaths: Ashok Gehlot

Rajasthan chief minister Ashok Gehlot today said the state government is examining complaint of hunger deaths in tribal area of Udaipur as claimed by Dausa MP Kirori Lal Meena. "Though there are no chance of hunger death following scheme like MGNREGA, but the state government is examining the matter and will seek details on the basis of Meena's complaint," Gehlot told reporters. "Necessary steps, if needed, will be taken after we receive...

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Bhopal gas tragedy: US rejects action against Union Carbide

The US on Tuesday rejected taking any action against the Union Carbide company for the world's worst industrial disaster that had left over 15,000 people dead and hoped the Indian court verdict in the Bhopal gas tragedy case would bring "closure to the victims". "With respect to Bhopal, obviously that was one of the greatest industrial tragedies and industrial accidents in human history. And let me just say that we...

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Fresh hopes over food security

The June 1 announcement by Prime Minister Manmohan Singh, while releasing the Report Card for the first year of the second term of the United Progressive Alliance Government, that the Food Security Bill was under preparation and that the Bill would be placed in the public domain for scrutiny and wider consultation has raised hopes about early enactment of the law to ensure the people's right to food as part...

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PM announces Rs 25,000 cr for new agri projects

Prime Minister Manmohan Singh on 29 May announced a Rs25,000 crore ($6 billion) plan for new farm sector projects by states, besides launching a food security mission to enhance output of wheat, rice and pulses. Speaking at the 53rd meeting of the National Development Council, he also warned that small and marginal farming had become an unviable proposition and until farming was made viable at this scale, it would be virtually...

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