-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...
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Irrational poverty figures -Devinder Sharma
-Deccan Herald My house help asked me the other day: "Sahib ji, TV news tells me those earning more than Rs 1,000 a month are not poor. How can this be true? Although I am earning Rs 5,000 every month working at your home, I mop up your floor and wash your dishes. If I was rich why should I be doing cleaning job here?" Mohan used to be a helper in...
More »Consensus on nullifying apex court order against convicted lawmakers -B Muralidhar Reddy
-The Hindu SC verdict disqualified MPs and MLAs convicted in criminal case , barred those in custody from polls New Delhi: Parties across the political spectrum have agreed to amend the Representation of the People Act to overturn a Supreme Court verdict barring people in police or judicial custody from contesting elections. At an all-party meeting here on Tuesday, the government also received backing for its proposal to amend the Act to...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
More »Direct benefit transfer scheme for LPG to be extended to 35 more districts-Sujay Mehdudia
-The Hindu Following good response to the LPG direct benefit transfer scheme, the Petroleum and Natural Gas Ministry on Monday decided to extend it to 35 more districts from September 1, taking the total coverage to 55 districts. The scheme had met with considerable success in the 20 districts it was launched. Under the scheme, consumers get their subsidy directly in their bank accounts. The decision to include 35 more districts would...
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