-Hindustan Times New Delhi: Taking action against corrupt officials could soon get harder. A parliamentary panel has backed a move to bar anti-graft agencies from probing bribery allegations against public servants without the government’s approval. The government can take up to four months to decide if the police should register the bribery case, and there will be no penalty if it takes longer. However, its sanction would not be required if the official...
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To clamp down on black money, govt set to Ban cash transactions over Rs 3 lakh -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The government is set to Ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The government, however, is yet to decide on the SIT's other proposal to bar cash holdings over Rs 15 lakh due to opposition from trade and industry, sources told TOI. "There are concerns...
More »Retail inflation might not fall much in kharif season -Sanjeeb Mukherjee & Indivjal Dhasmana
-Business Standard Recent trends indicate any such moderation would not be across the board or without riders: Experts New Delhi: Contrary to some perceptions, consumer price index (CPI)-based inflation might not ease sharply after kharif crops arrive in the markets. On the other hand, wholesale price index (WPI)-based inflation could see a rise, due to an increase in prices of commodities and metals. CPI inflation rose to 6.07 per cent in July, highest since...
More »Keep a watch on food inflation
-The Hindu The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....
More »Deficient monsoon may force farmers to go for pulses, millets
-The Times of India COIMBATORE: Pulse and millet production in the district may increase next year, if the North-East monsoon also fails like the South-West monsoon. The district has received only 36% of the rainfall expected during the SW monsoon, forcing farmers to start considering short-term rainfed crops if the NE monsoon also fails. However, the situation might be advantageous, considering the skyrocketing pulse prices. The district has received only 58mm of...
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