New Delhi: In a bid to widen the ambit of beneficiaries getting reservation under the OBC quota, the Central government on Thursday enhanced the ceiling for applying the 'creamy layer' restriction on "socially advanced persons". While the income criteria so far was Rs 4.5 lakh per annum, the Union Cabinet today increased it to Rs 6 lakh per annum.
The increase in the income limit to exclude the creamy layer is in keeping with the increase in the Consumer Price Index. The creamy layer bars the affluent among OBCs from reservation benefit on the basis of family income.
Raising the bar to Rs 6 lakh would allow more OBCs to avail of the 27 per cent quota in jobs and education. "It would enable more persons to take advantage of reservation benefits extended to OBCs in government services and admission to central educational institutions," a statement issued by the government said.
"This would bring about equity and greater inclusiveness in society. The Department of Personnel and Training and the Ministry of Human Resource Development would issue necessary orders to this effect," it said....
more
09:36 PM, May 16, 2013
New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural inflation was also seen going down at 9.16 per cent as compared to 10.41 per cent in March. Food prices for consumers rose...
12:40 PM, May 13, 2013
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy interest rate by a quarter point on Friday for the third time this year as it looks to bolster an economy growing at a decade low and takes comfort from easing inflation. While investors are hoping to hear a less-hawkish tone from RBI Governor Duvvuri Subbarao, the RBI in its report on macroeconomic and monetary developments on...
08:37 AM, May 03, 2013
New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March. The prices in the vegetables basket eased to 12.16 per cent in...
11:41 AM, Apr 12, 2013
Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February, remaining in the double-digit terrain for third month in a row, on account of higher prices of vegetables, edible oil, cereals and protein-based items. ...
11:40 AM, Mar 12, 2013
India's annual consumer price inflation accelerated to 10.56 per cent in December from the previous month, government data showed on Monday. ...
12:30 PM, Jan 14, 2013
New Delhi: Rising for the second consecutive month, retail inflation surged 9.90 per cent in November driven mainly by rising prices of food items such as sugar, vegetables, edible oil and clothing. The retail inflation was 9.75 per cent in October and 9.73 per cent in September. The highest price rise in November was seen in the oil and fats segment with an annual inflation of 17.67 per cent, as...
01:36 PM, Dec 12, 2012
New Delhi: Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products. Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release in New Delhi on Monday. Among other items, only vegetable prices saw a decline of 4.73 per cent over the February 2011 level. During the month,...
12:42 PM, Mar 19, 2012
New Delhi: Inflation rose to 6.95 per cent in February because of sharp increase in food prices, especially vegetables and protein-based items. Inflation, as measured by the Wholesale Price Index (WPI), was 6.55 per cent in January. In February last year, it was 9.54 per cent. As per the official data released on Wednesday, food inflation was 6.07 per cent in February against (-)0.52 per cent in January. Pulses turned...
12:34 PM, Mar 14, 2012
New Delhi: Inflation based on the all India Consumer Price Index stood at 7.65 per cent in January, as per the first nationwide retail inflation data released by the government on Tuesday. While 'food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits. Overall retail inflation in...
11:59 AM, Feb 21, 2012
New Delhi: Starting from Tuesday the government will release the nation-wide Consumer Price Index (CPI) on a monthly basis for better reflection of retail price movement and to help the Reserve Bank take effective monetary policy steps to deal with inflation. The new CPI, according to experts, will eventually replace the Wholesale Price Index (WPI) for policy actions to deal with the price situation. The monthly CPI will be in...
01:12 AM, Feb 21, 2012
Shimla: The government on Friday said that the rate of inflation for rural workers moved up in a majority of states during January, with Maharashtra witnessing the highest level of price rise and Tripura the lowest. As per the monthly Consumer Price Index (CPI) number, released for the Agricultural Labourers and Rural Labourers for January 2012, the index of inflation for rural workers recorded an increase in 14 states and...
01:26 AM, Feb 18, 2012
New Delhi: The wholesale price index (WPI) rose 9.72 percent in September from a year earlier, government data showed on Friday, girding the market for a possible rate hike this month despite weakening domestic growth and bleak global outlook. The figure was almost in line with the median forecast for a 9.70 percent rise in a poll and was lower than the annual rise of 9.78 percent in August. The...
11:42 AM, Oct 14, 2011
The rate of inflation for the week ended June 13 was at minus 1.14 per cent. ...
12:43 PM, Jul 02, 2009
As inflation slips into the negative zone deflation is the new reality. ...
08:46 PM, Jun 18, 2009
Prices of essential commodities like cereals, vegetables rose during the period. ...
12:28 PM, Mar 26, 2009
Last week the inflation number for the March 7 week was at 0.44 per cent. ...
12:02 PM, Mar 26, 2009
Annual inflation rate was 3.36 per cent during the corresponding week of the previous year. ...
01:56 PM, Oct 10, 2008
