With food prices showing no signs of abating and the impact of the fuel price hike in the latest Budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...
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Inflation rises to 9.89% in February
Wholesale price-based inflation rose to 9.89 per cent in February from 8.56 per cent in the previous month due to increase in prices of certain food items such as sugar and the hike in excise duty on fuel announced last month. Sugar prices rose by 55.47 per cent in February year-on-year while potatoes turned costlier by 30 per cent and pulses by 35.58 per cent. Among fuel items, petrol prices...
More »Kerala's love affair with alcohol
People in the southern state of Kerala are the heaviest drinkers in India, and sales of alcohol are rising fast. The BBC's Soutik Biswas examines why. Jacob Varghese says he began drinking when he was nine years old, sipping on his father's unfinished whisky and brandy in glass tumblers. It's a terrifying story of a descent into alcoholism for this 40-year-old health inspector. At school, he consumed cheap local liquor. He...
More »Indian women on the march
YELLING dementedly, seven lawmakers mobbed the chairman of the Indian parliament’s upper house on March 8th and tore at the document, containing the women’s reservation bill, he was reading from. Yet the bill passed the next day, with the two-thirds majority needed to change India’s constitution. With broad political support, including from the Congress party that leads India’s coalition government and the main opposition Bharatiya Janata Party (BJP), the bill...
More »Estate workers, potters may get rice at Rs.2 a kg
Finance Minister T.M. Thomas Isaac told the Assembly on Wednesday that inclusion of estate workers, the disabled and potters in the scheme for supply of rice at Rs.2 a kg would be considered. Replying to the general discussion on the Budget, the Minister said that their inclusion would be subject to condition that the total number of families benefiting from the scheme should not exceed 35 lakh. The Budget could not...
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