-CNN-IBN New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural inflation was also seen going down at 9.16 per cent as compared to 10.41 per cent in March. Food prices for consumers rose an...
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Whither the food security law?-Himanshu
-Live Mint The failure of the UPA government to get the food security Bill passed has exposed its hypocrisy With the budget session of Parliament coming to an early close amid a political logjam, the food security Bill has been stalled again. The blame for this important legislation not winning parliamentary passage in the last four years rests entirely on the Manmohan Singh government, despite its last-minute posturing. The Bill, which was cleared...
More »Auto, taxi fares raised by 25%
-The Times of India NEW DELHI: Giving in to pressure from the autorickshaw lobby, the Delhi government on Wednesday decided to raise auto and taxi fares by a significant 25%. The government defended the hike citing inflation and costlier CNG but remained silent on a deadline for installing GPS in 55,000-odd older autorickshaws, a move that could prevent unsuspecting passengers from being taken for a ride. The auto fare hike is substantial. From...
More »Weathering forecasts
-The Hindu Business Line The IMD should be conferred autonomous status so that it functions along professional lines, without worrying about political correctness. Given how awry its forecasts in the last couple of years had gone, one can be forgiven for being cynical about the India Meteorological Department's (IMD) prognosis of a ‘normal' South-West monsoon this time. The country's official weather agency has predicted nationwide rainfall during the four-month monsoon season...
More »Interest rates may fall as inflation slows to 3-year low
-The Times of India The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruits and milk prices, brightening the prospect of an interest rate cut by RBI while bringing relief for the politically beleaguered government. Lower interest rates would provide relief to thousands of borrowers reeling under the burden of high equated monthly installments ( EMIs) on their home loans. Data released...
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