-Hindustan Times Drunken driving will invite a fine of Rs.10,000, talking on phones while driving will result in a fine of Rs.5,000, and for jumping red light, driving without seat belt and helmet, the proposed fine is Rs.1,000. A parliamentary panel has agreed to a 10% annual increase in the fines for various traffic violations including drunken driving, talking on mobile, rash and negligent driving. The panel was studying the Motor Vehicles (Amendment)...
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Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target
-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...
More »Farmer protest Day II: Agrarian crisis is policy, politics driven, says Yogendra Yadav -Pratyaksh Srivastava
-The Indian Express The protesting farmers from various states across India are demanding implementation of Swaminathan Committee's recommendations, lower input costs, farm loan waiver and fair price for farm produce among other things. New Delhi: Swaraj Abhiyan leader Yogendra Yadav on Tuesday said that the “prevailing agrarian crisis in the country is not by accident but is policy and politics driven”. Speaking to indianexpress.com during a farmers’ protest in the national capital,...
More »Higher food prices accelerate retail inflation in October
-The Economic Times Consumer inflation touched a seven-month high in October denting hopes of rate cut when the Reserve Bank of India reviews the monetary policy next month. Retail inflation, as measured by the consumer price index (CPI) rose to 3.58% in October from 3.28% in September, data released by the government showed. “While we expect the RBI’s March 2018 projection to be revised down a notch, but October’s CPI and the likelihood...
More »Jan Dhan accounts keep villagers sober, slow rural inflation: Study -Surojit Gupta
-The Times of India NEW DELHI: Village residents who opened bank accounts under the Prime Minister's Jan Dhan Yojana (PMJDY) may be saving more and cutting back on their consumption of alcohol and tobacco, a study by the economic research wing of the State Bank of India (SBI) suggests. This may have also slowed inflation in rural areas. When the PMJDY programme was launched there were fears that higher circulation of money...
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