-The Times of India NEW DELHI: The government on Friday decided to raise the annual cap on the number of subsidized cylinders per household to 12 from nine after Congress vice-president Rahul Gandhi gave a cue at the AICC session, saying the present ceiling was inadequate for households. Confirming that the cap would be raised, oil minister M Veerappa Moily told reporters that a proposal would be taken to the Cabinet shortly....

-Outlook The price of non-subsidised cooking gas (LPG), which customers buy after consuming their quota of subsidised cylinders, was hiked by a steep Rs 220 per bottle today on firming international rates. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi, state-owned fuel Retailers said. This is the third increase in non-subsidised LPG rates in...

-The Business Standard The only way to fix food inflation Both the inflation figures for November and current market reports indicate that the contours of food inflation have changed tangibly of late. While the prices of pulses, edible oils and sugar have tended to either moderate or decline, those of staple cereals, notably rice and wheat, and of perishable items, chiefly vegetables and fruits, continue to propel food inflation higher. The blame...

-The Business Standard Onion prices in wholesale markets of Mumbai declined 48.6%, the steepest among the four metros, compared to October In November, onions, which stoked inflation in recent months and probably played a part in the Congress party's dismal performance in four Assembly elections, turned cheaper in four major cities - Mumbai, Delhi, Chennai and Kolkata - at both the wholesale and retail levels. However, the decline in wholesale prices was...

-The Indian Express The Supreme Court on Monday ruled that drug manufacturers and Retailers cannot sell medicines at higher prices mentioned on the label of the boxes if the government notifies a lower rate. They must implement the price fixed under the Drugs (Prices Control) Order (DPCO) within 15 days from the date of notification. The bench of Justices R M Lodha and Kurian Joseph rejected the argument that the revised prices...