-The Times of India Retail inflation soared in February on the back of stubborn food prices sustaining pressure on consumers and complicating the policy choice for the central bank. Data released by the Central Statistics Office (CSO) on Tuesday showed the inflation rate based on all-India general CPI ( consumer price index) for February was 10.91% compared to 10.79% for the previous month. The inflation rates for rural and urban areas for...
More »SEARCH RESULT
Food prices worry govt ahead of 2014 elections -Rajeev Deshpande
-The Times of India The Manmohan Singh government's mission in a pre-election year seems cut out: To check and roll back retail food inflation that rose from 4% in January last year to 13% in December, a trend that could blight its 2014 poll ratings. With food prices accounting for half of overall inflation, this group stayed above 10% most of last year, higher than the overall consumer price index figure of...
More »Protests mar public hearing
-The Hindu NELLORE: Amidst strong protests by local people and various organisations, officials conducted the public hearing regarding the construction of Krishnapatnam International Leather Complex Pvt. Ltd. (KILCPL) at Kothapatnam in Kota mandal of Nellore district on Wednesday. 300 policemen There were some tense moments as nearly thousands of protesters tried to confront officials and police officers which led to some heated arguments. At one point, the protesters flung chappals, chilli powder and...
More »Growth in pits, PM targets mining in opposition-ruled states -Rajeev Deshpande
-The Times of India Under pressure to energize the economy ahead of the 2014 election, the Manmohan Singh government is reaching across political divides to rescue mining projects in opposition-ruled states of Goa, Odisha and Karnataka. With third quarter growth sinking to 4.5% and the economic survey pointing to a mining and quarrying slowdown as a reason for poor industrial growth, the Centre has decided to ask the Supreme Court to relax...
More »Dismal economic data adds to government’s woes
-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed industrial output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...
More »