-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
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Road transport ministry seeks no cut in road upkeep budget -Dipak Kumar Dash
-The Times of India NEW DELHI: In the election year and with more complaints of "poor condition" of highways pouring in, the road transport ministry wants finance ministry not to reduce the allocation for road maintenance. The ministry has asked finance minister P Chidambaram to avoid reduction of "non-planned" expenditure since the allocation of Rs 2,000 crore for upkeep of highways is inadequate. Sources said that highways minister wrote a letter to...
More »The Hiranyakashyaps of Uttar Pradesh-Neha Dixit
-Newsclick.in With sixty percent children malnourished in the state, the implementation of the Integrated Child Development Services, the largest scheme to provide nutrition to children in the country, is nothing but a sham. Sitting outside her semi-pucca house in Bilgram block, Kasturi says, "My children get five fistful of panjiri once a month from the Aanganwadi Centre." Thirty-three year-old Kasturi has never, in her parents' village or her in-law's village seen an...
More »31 Per Cent LS MPs Face Criminal Charges: Report
-Outlook Some 31 per cent of MPs in the Lok Sabha have criminal cases pending against them, and their pay package is 68 times higher than the national per capita income, according to the National Social Watch Report on Governance and Development-2013 released here today. "The pay package of MPs in India is higher than that of their counterparts in Singapore, Japan, Italy, and Pakistan. In terms of the ratio of the...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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