The Group of Ministers (GoM) on Bhopal gas disaster is understood to have decided on Monday to recommend enhanced compensation to the families of those dead in the gas leak and to those debilitated permanently or partially. Sources said the compensation would be to the tune of Rs. 10 lakh for the kin of those dead. Those with permanent disability would be compensated to the tune of Rs five lakh...
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Farm sector crucial for overall growth: Montek
The Planning Commission is hopeful of a good growth in the agriculture sector during the XII Plan (2012-17). “The 4-per cent agriculture growth is a good target for the XII Plan, which could not be achieved so far as envisaged in the XI Plan (2007-12),” Planning Commission Deputy Chairman Montek Singh Ahluwalia told journalists here on Thursday. “I think at the end of the XI Plan, our assessment is that agriculture...
More »Food, fuel inflation ease in early June
India’s food and fuel price inflation eased in early June, easing pressure on Reserve Bank of India (RBI) to speed up its process of tightening monetary policy. India’s food price index rose 16.12% in the year to 5 June, snapping a two-week rise, and lower than the previous week’s annual reading of 16.74%, government data released on Thursday showed. The fuel price index climbed 13.18%, compared with an annual rise of 14.23%...
More »Fresh doubts over Govt's stand on Bhopal liability
Did the Indian government guarantee Dow Chemicals, the parent company of Union Carbide, that it will not be held liable for the Bhopal gas tragedy? An RTI response has raised fresh questions over the government's position in the case, as it brought to light a letter written in 2006 by Dow Chemicals CEO Andrew Liveris to the then Indian Ambassador to the US Ronen Sen, claiming that the Indian government...
More »Inflation in double digits, rate hike looks imminent
Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...
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