-PTI WPI-based inflation in September had been the highest since April's 3.85% New Delhi: Inflation at the wholesale level rose to six-month high of 3.59 per cent in October as the prices of food articles, led by onions and vegetables, rose sharply. Inflation, based on the Wholesale Price Index (WPI), was 2.60 per cent in September. In October last year, it was 1.27 per cent. Last month's inflation was the highest since April, when it...
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Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' -Sanjeev Choudhary
-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...
More »SC widens ban on polluting fuels
-The Telegraph New Delhi: The Supreme Court on Tuesday banned the use of Petroleum coke and furnace oil in the National Capital Region, Haryana and Rajasthan by 34 industrial groups in its efforts to bring down pollution levels that have spiked in the industrial hubs of these areas post-Diwali. These fuels, which emanate highly toxic gases, are banned in Delhi since 1996. The Centre for Science and Environment (CSE) lauded the directive as...
More »The case for a rural stimulus -Himanshu
-Livemint.com It is clear that not only has the govt failed to do anything to revive the sagging rural demand, it has also refused to acknowledge the demand problem The fact that the economy is on a downward slide is no longer a matter of debate. It is neither a technical issue nor is it a transient blip which will go away on its own. However, matters are complicated as far as...
More »Fuel to get cheaper as Gujarat, Maharashtra cut VAT on Petrol and diesel
-Thw Times of India NEW DELHI: On Tuesday, the state governments of Gujarat and Maharashtra announced a cut in VAT (Value Added Tax) on Petrol and diesel. Gujarat took the first initiative, slashing the VAT by 4 per cent. With this rate cut, the price of Petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state. The effective price of Petrol in Gujarat from...
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