Income limit of 'creamy layer' hiked to Rs 6 lakh per annum 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

April inflation slows to 4.89 pc, lowest since Nov 2009 New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in a Reuters poll. The wholesale price index, India's main inflation measure, rose an annual 5.96 per cent in March. The...  
12:21 PM, May 14, 2013

CPI inflation slows to 9.39 per cent in April 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

Delhi most creative state in India: Report New Delhi: In terms of use of modern technology, talented people and tolerance, Delhi is the most creative state in the country, says a study. According to the Creative Index Report 2013, Chandigarh, Punjab, Kerala, Goa, Mizoram, Andaman and Nicobar Islands, Puducherry and Maharashtra round out the top nine. Haryana and Manipur are tied for the tenth position, it said. "Delhi takes the top spot as the most creative state...  
06:20 PM, May 06, 2013

RBI likely to cut interest rates to prod sputtering economy 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

Retail inflation declines to 10.39 pc in March 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

Upgradation index to be framed on slum conditions, says Ajay Maken
by IANS
The central government will monitor the periodical up-gradation of slums in the country by making a "slum upgradation index", a union minister said on Thursday. ...  
03:51 AM, Mar 22, 2013

Feb inflation rises to 6.84 pc from 6.62 pc in Jan India's wholesale price index (WPI) marginally rose to 6.84 per cent from 6.62 per cent in January. The WPI, the key inflation measure, rose 6.54 per cent in December 2012 - the slowest annual rise since November 2009, according to the median forecast of 30 economists. The reading was 6.62 per cent in January. ...  
12:00 PM, Mar 14, 2013

January industrial output grows 2.4 per cent India's industrial production grew 2.4 per cent in January from a year earlier, government data showed on Tuesday. Analysts polled by Reuters had expected the output to grow 1.2 per cent annually. Revised data for December showed production at factories, mines and utilities shrank 0.5 percent compared with 0.6 per cent contraction earlier. ...  
11:41 AM, Mar 12, 2013

Retail inflation rises to 10.91 per cent in February 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

Well Being Index: Punjab, Haryana, Delhi on top Punjab, Delhi, Himachal Pradesh and Haryana have been ranked at the top of the Well Being Index (WBI), while southern states, Gujarat and most of the north-eastern states emerged as the most secure ones for women in the Female Security Index (FSI). ...  
12:20 PM, Mar 06, 2013

Dow sets record highs as rally continues Shortly after the opening bell, the Dow rose above 14,198.10, the intraday all-time high reached in October 2007, when the world was heading toward the financial crisis. ...  
08:55 PM, Mar 05, 2013

Service sector growth falls sharply in February: Poll Indian services growth eased off the accelerator last month as new orders failed to keep up with January's blistering pace, a business survey showed on Tuesday, although companies remained optimistic about future business. ...  
12:45 PM, Mar 05, 2013

Consumer price inflation at 10.56 per cent in Dec 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

December WPI inflation eases to 7.18 per cent India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later in January to boost an economy that is set to post its slowest growth in a decade. ...  
12:26 PM, Jan 14, 2013

Mukesh Ambani 18th richest man in the world: Index Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of $24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals. Mexican telecommunications magnate Carlos Slim remained the world's richest person holding a personal fortune of more than $70 billion, it said. ...  
11:13 AM, Jan 03, 2013

Retail inflation rises by 9.90 pc in November 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

Facebook to replace Infosys on Nasdaq-100 index today New York: Social networking giant Facebook Inc will replace Indian software major Infosys Ltd to become a part of the Nasdaq-100 index from Wednesday. Facebook will replace Infosys Ltd on the index. The Facebook stock has lost a significant value since its much hyped public listing in May 2012. Facebook Inc, headquartered in Menlo Park, California, currently has a market capitalisation of around $ 29.7 billion (Rs 1,62,000 crore). However,...  
07:32 AM, Dec 12, 2012

Inflation may accelerate to 8.2 pc by Dec: Morgan New Delhi: Notwithstanding the slight decline in Wholesale Price Index (WPI) inflation in October, inflationary pressures are likely to continue in the months ahead and may touch 8.2 per cent by the year end, says a report. According to a research note by Morgan Stanley, WPI inflation is likely to accelerate to around 8-8.2 per cent by December 2012 before moderating to the 7-7.5 per cent level by the quarter...  
10:42 AM, Nov 18, 2012

September inflation moves closer to 8 per cent New Delhi: Rising fuel prices boosted Indian inflation in September to 7.8 per cent, its highest level since November, undermining the government case calling for an interest rate cut by the RBI this month to boost the sluggish economy. The rise in the wholesale price index - India's main inflation gauge - was more than expected. Economists in a Reuters poll had expected an inflation reading of 7.7 per cent,...  
12:24 PM, Oct 15, 2012