Food inflation may increase further in the coming weeks, but there is no cause for alarm as the rise is more the result of the low-base effect, Deputy Chairman of Planning Commission Montek Singh Ahulwalia said on Wednesday. As of May 29, food inflation stood at 16.74 per cent. “It is quite possible that when the data comes out on Thursday, you may see a little increase in food inflation. That...
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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,...
More »Badal says issue of free power to be discussed in cabinet
Punjab Chief Minister Parkash Singh Badal today said the decision on free power to the farm sector will be discussed in the cabinet but rejected the Planning Commission's contention that it was responsible for the alarming depletion of groundwater in the state. "The farmers of Punjab have been using ground water for the crops and the state has helped whole country to overcome food crises many times," Badal said, reacting to...
More »Activists dig out climate policy gaps with India's Right to Information Act by Teresa Rehman
Climate activists in India have discovered a crucial tool in their battle to hold the government accountable on its climate policies: the country's landmark Right to Information (RTI) Act. Passed in 2005, the act requires all government bodies to respond to citizen requests for information within 30 days. Many bodies, threatened with legal action after initially failing to respond, are now delivering information that shows big gaps in the country's...
More »Rs 1100cr boost for 11 districts by Amit Gupta
The fight against Naxalites and development activity in rebel-affected areas are set to get a much-needed impetus over the next two years. Authorities in 11 rebel-affected districts of Jharkhand, which are among 33 across the country, have been told by the Planning Commission to prepare development plans to the tune of Rs 100 crore each for the 2010-11 and 2011-12 fiscals. Since the beginning of the month, deputy commissioners of...
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