-The Times of India NEW DELHI: The rate of inflation accelerated to a six-month high in August on the back of spiralling onion prices, posing yet another challenge for RBI ahead of the monetary policy review as it struggles to tame volatility in the Foreign exchange market. Data released on Monday showed the wholesale price index (WPI) rose an annual 6.1% in August, higher than previous month's 5.79%. The inflation rate...
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FCI to sell 2 million tonnes of wheat in international market -Madhvi Sally
-The Economic Times NEW DELHI: The Food Corporation of India (FCI) will export two million tonnes of wheat in the coming months to earn valuable Foreign exchange of nearly $ 600 million for the country. The proposal to export the wheat from the stocks of the central pool of FCI was approved by the Cabinet Committee on Economic Affairs (CCEA) last month. A sub-committee, headed by FCI Chairman and MD C Viswanath,...
More »New land bill puts people first, govt’s message is clear 'India won't be China' -Zia Haq
-The Hindustan Times Investors say the new land acquisition bill approved by Parliament this week has made things more difficult. Pro-farm civil-society advocates say it hasn't gone far enough to protect farmer interests. If both sides are unhappy, an inside joke goes, it must be a pretty good legislation that has struck the right balance. The debate over land acquisition, however, is no laughing matter. In a country where half the people live...
More »Gas-guzzling government talks austerity, burns crores -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: While ministers toy with all kinds of ideas to curb consumption of oil, including bizarre ones such as shutting down petrol pumps at night, it might help if they looked inwards. For, the biggest and most profligate oil consumer in the country is the government itself. Petrol flows like water in the government. Not just ministers and officials of the central and state governments, even PSUs...
More »Govt to start new infrastructure projects: PM
-PTI The Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has further opened the economy to foreign direct investment and now wants to use investments for returning to high growth...
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