Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...

The World Bank's allegations of fraud and corrupt practices in highway projects funded by the multilateral agency could just be the tip of the iceberg. The Bank's report has an annexure of "collateral" evidence showing how contractors produced fake invoices and certificates to get advance from National Highways Authority of India (NHAI). The investigation team of World Bank's Institutional Integrity Unit tracked down three companies supplying aggregates (construction material) in Nepal...

-The Times of India Encouraged by usage of the provisions of the Right to Information Act, the government has decided to set up a state-of-the-art call centre and an interactive website to facilitate easy exchange of information related to the transparency law to citizens. The project was envisaged after taking insights from a government study which highlighted inconvenience faced by citizens in exercising their rights to information. According to a department of personnel...

JAIPUR: Taking a cue from Kolhapur district in Maharashtra, the Pali district in Rajasthan will install ultra sound tracking technology device called 'silent observer' (SIOB) at all the sonography centres in the district to control sex selection and female feticide. The district administration will start installing the device from May 18 at all the 35 sonography centres operational in the district. The main server of the 'silent observer' will be at the...

-The Indian Express India's wholesale price inflation accelerated 7.23% in April, compared with 6.89% in the previous month, as food and manufactured items turned dearer, heaping pressure on the central bank against any dovish approach to monetary easing despite shrinking economic activity. The government has revised up the inflation figure for February to 7.36% from 6.95% estimated earlier, according to the data released by the industry ministry on Monday. Prices of food articles...