New Delhi: Finance Minister Pranab Mukherjee says though food inflation has moderated the country is not out of the "woods totally", asserting inflationary pressures must be brought down to a tolerable and acceptable level before Indian economy can revert to high growth. "In the last 20-22 months food inflation has been obstinate. Food inflation reached as high as 22 per cent in February 2010. From December onwards the pressure has...
05:36 AM, Feb 06, 2012
Lucknow: BJP president Nitin Gadkari on Tuesday alleged that price rise and corruption were two sins of the Congress. "There is resentment among people on the issue of price rise and corruption are two sins of the Congress. "These problems are due to wrong economic policies and bad governance," he told an election meeting after flagging off BJP leader Uma Bharti's rath. Targeting the SP and the BSP, Gadkari said...
04:39 AM, Feb 01, 2012
Uttarakashi: BJP leader LK Advani on Friday accused the Congress-led UPA government of failing to control price-rise and corruption in the country, and said only his party can give a "real Ram Rajya." "On the orders of the Supreme Court, a couple of ministers of the Congress-led government at the Centre went to jail. This amply shows that Congress is neck-deep in corruption," Advani said here at an election rally....
12:08 AM, Jan 28, 2012
Nawashahr: Uttar Pradesh chief minister Mayawati took on the Congress on Saturday while addressing a rally in Nawashahr, Punjab. She attacked the UPA government for apparently not doing enough to curb price rise. She blamed the central government's policies for the spiralling rise in prices saying that the "wrong policies" of the UPA government "adversely affected the common man". Countering the Congress' allegation regarding her recent ministerial sacking campaign, that...
05:24 PM, Jan 21, 2012
New Delhi: India's headline inflation slowed in December to a two-year low as food price pressure eased dramatically, but the RBI is expected to leave interest rates on hold next week as manufactured products inflation edged up from November. The wholesale price index (WPI), the main inflation gauge, rose 7.47 per cent from a year earlier, slowing from a 9.11 per cent rise in November, roughly in line with the...
01:40 AM, Jan 17, 2012
The Chairman of the Prime Minister Economic Advisory Council explains the factors that led to the decline in inflation. ...
03:40 PM, Jan 16, 2012
New Delhi: Headline inflation fell to a two-year low of 7.47 per cent in December 2011 on cheaper food items, a factor which may prompt the Reserve Bank to cut policy rates in the upcoming review. Headline inflation, as measured by Wholesale Price Index (WPI), had stood at 9.11 per cent in November. It was 9.45 per cent in the same month of 2010. The latest numbers are the lowest...
12:49 PM, Jan 16, 2012
New Delhi: There was year-end relief for the common man as India's annual food inflation dropped to a near six-year low of 0.42 per cent for the week ended December 17 due to a sharp decline in the prices of onions, potatoes and vegetables, official data showed Thursday. This is the lowest level of food inflation since April 2006. After remaining stubbornly near double-digit for almost two years, food inflation...
02:33 AM, Dec 30, 2011
New Delhi: Food inflation fell sharply to a near four-year low of 1.81 per cent for the week ended December 10 as prices of essential items like vegetables, onion, potato and wheat declined. This is the lowest rate of food inflation since the week ended February 9, 2008, when it stood at 2.26 per cent. Food inflation, as measured by Wholesale Price Index (WPI), was 4.35 per cent in the...
12:19 PM, Dec 22, 2011
New Delhi: Car-maker Nissan Motor India is understood to have finalised a hike in the prices of small car Micra and the petrol version of premium sedan Sunny by up to 2 per cent from January, mainly due to adverse currency movements. According to sources in-the-know of the development, the company has already finalised the proposed increase. "The company is suffering from the falling rupee and rising yen. The input...
04:34 PM, Dec 13, 2011
New Delhi: The Opposition tore into the Government's claims that all efforts were being made to bring down prices and control inflation during the discussion on price rise in Parliament on Thursday. Opposition MPs including Communist Party of India's (CPI) Gurudas Dasgupta, Leader of Opposition in the Lok Sabha and Bharatiya Janata Party (BJP) leader Sushma Swaraj and Samajwadi Party MP Rewati Raman Singh blamed the Government for not taking...
04:23 PM, Dec 08, 2011
New Delhi: Congress leader P C Chacko, speaking in the Lok Sabha on Thursday, said that inflation had fallen drastically in the country. "Inflation has fallen from 22 per cent to 18 per cent to below 8 per cent in India. We are not an isolated country. The world is one village now. There is a mismatch of supply and demands," he said. Participating in the discussion on price rise...
03:03 PM, Dec 08, 2011
New Delhi: Senior Communist Party of India (CPI) leader Gurudas Dasgupta initiated the discussion on price rise in the Lok Sabha on Thursday saying that inflation figures falling is just a seasonal respite. Speaking in the lower house of Parliament, the CPI leader said that prices were rising incessantly and the government is not taking any action. "Price is incessant over years and the government inaction is also persisting," Gurudas...
02:27 PM, Dec 08, 2011
New Delhi: Food inflation fell sharply to 6.60 per cent for the week ended November 26, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8 per cent in the previous week ended November 19. It was recorded at 8.93 per cent in the corresponding period last year. According to data released by...
12:23 PM, Dec 08, 2011
New Delhi: The government might have been able to abate the foreign direct investment (FDI) storm, but Parliament could now be rocked on another issue on the 11th day of the Winter Session on Thursday. The issue of price rise is slated to be discussed in the Lok Sabha on Thursday. CPI leader Gurudas Dasgupta is expected to initiate the discussion. Speaker Meira Kumar had admitted a Left-backed adjournment motion...
08:13 AM, Dec 08, 2011
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