India’s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy. Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term. Onion...
More »SEARCH RESULT
Total Matching Records found : 5095
RTI reply lays bare govt’s claim of labour welfare by Shiv Sahay Singh
Even as the Left Front government in Bengal have pledged itself to champion the cause of labourers in the country, the number of companies in the state who deny minimum wages to its workers has increased manifold in the last few years. In 2006, 61 companies were fined for denying minimum wages to its workers which came down to 42 in 2007. But again in 2008 the number increased to 223...
More »Posco 'running out of patience', may rethink Orissa project by Sumant Banerji
The world's third-largest steel maker Posco has said the company is running out of patience over its long delayed Rs 54,000-crore steel project in Orissa and may have to take a final call in the near future. The 12-million-tonne-per annum project has been stuck for the last five years and with an environment ministry panel recommending cancellation of its forest clearance proposal last year, the impasse seems endless. "The government has to...
More »'Pulses' high consumption, low output to hit food security'
India could face serious problems in providing food security, if the present gap between the consumption and production of pulses is not filled, according to a report by industry body Assocham. "If the production of pulses in the largest producing nation dips, it becomes difficult for the global markets to fill up the gap," Assocham said in a statement today. India is world's largest producer and consumer of pulses. However, still there...
More »Food inflation zooms to 18.32 per cent
Much to the discomfiture of the Centre and in a further jolt to the common man, food inflation zoomed to almost a year's high at 18.32 per cent for the week ended December 25, 2010, owing to a spurt in the prices of vegetables, onions and milk. The sudden spurt in the wholesale price index-based food inflation from 14.44 per cent a mere week ago — and more than double...
More »
