-The Business Standard The challenge to anti-inflation policy lies in better institutions and better evidence-based policy Our failure to rein in inflation has been costly. Economically, it has hurt growth. Poor and urban middle-class households have been affected the most. A combination of slowing growth and high inflation has weakened our macro-fundamentals: households fled financial savings, domestic and foreign investors lost confidence, and the rupee plunged. Politically, it has been a disaster. For...
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Stricter energy norms to push up AC, fridge prices by between Rs 3,500 and Rs 5,500-Writankar Mukherjee
-The Times of India KOLKATA: Prices of air-conditioners and refrigerators will increase by between Rs 3,500 and Rs 5,500 as early as next week due to stricter energy rating norms that will push up production costs. The Bureau of Energy Efficiency (BEE), the statutory energy conservation body under the power ministry, has tightened energy norms for air-conditioners by one level and those for refrigerators by two levels. This means, an existing five-star...
More »WTO's post-Bali plan may be govt's worry-Sidhartha
-The Times of India NEW DELHI: With the general elections just four months away and rollout of UPA's flagship Food Security Act at stake, commerce minister Anand Sharma is facing a challenge that few of his eight predecessors who attended WTO ministerial meetings have faced. Already, there is a demand to block a compromise formula or a "peace clause" that will prevent any WTO member from seeking penalties against a developing country...
More »ADB to Provide $10 Bn Assistance to India Over 5 Years
-Outlook Multilateral lending agency Asian Development Bank (ADB) will provide loan of USD 2 billion annually for five years till 2017 to India to create jobs, enhance investment reforms, and improve infrastructure. "The ADB and Government of India have agreed to a new country partnership strategy for 2013-2017 which supports the country's 12th Five Year Plan .... The strategy comes with a financial envelope of around USD 10 billion...," the Manila based...
More »Sex workers learn to spot fake notes
-AFP KOLKATA: Sex workers are being trained to identify counterfeit Currency to prevent punters from conning them in the dimly-lit brothels of one of Asia's biggest red light districts. Prostitution is illegal in India, meaning the country's estimated three million sex workers cannot complain to police if they are paid with fake notes. But a campaign group known as the Committee for Indomitable Women has now begun a training programme in Kolkata's notorious...
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