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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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Jairam consensus bid over land bill

-The Telegraph Rural development minister Jairam Ramesh has started reaching out to leaders ahead of an all-party meeting next week to decide the final shape of the land acquisition bill. Ramesh today met the BJP's Arun Jaitley, the Rajya Sabha leader of Opposition, and the CPM's Sitaram Yechury to convince them about the provisions of the Land Acquisition, Resettlement and Rehabilitation (LARR) Bill, which seeks to replace the Land Acquisition Act, 1894. Talks...

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No meeting ground -TK Rajalakshmi

-Frontline The Land Acquisition Bill runs into a roadblock as political parties fail to reach an agreement on the substantive features of the draft Bill or on the amendments proposed. The efforts of the United Progressive Alliance government to broker a consensus on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, which has been pending for over a year, have not paid off not because...

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Separate housing policy sought for rural poor

-The Hindu ‘Construct dwellings at a cost of Rs. 2 lakh each for the houseless' Gulbarga: A convention of houseless people has urged the State government to frame a separate housing policy for the poor of rural areas who are houseless and do not own sites, and constitute a village development authority on the lines of the urban development authority. The convention was jointly organised by the Centre of Indian Trade Unions...

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Food prices push retail inflation

-The Times of India Retail inflation soared in February on the back of stubborn food prices sustaining pressure on consumers and complicating the policy choice for the central bank. Data released by the Central Statistics Office (CSO) on Tuesday showed the inflation rate based on all-India general CPI ( consumer price index) for February was 10.91% compared to 10.79% for the previous month. The inflation rates for rural and urban areas for...

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