Price Rise

AAP workers protest at residences of Delhi CM, MLAs

New Delhi: Aam Aadmi Party (AAP) workers on Sunday protested outside residences of Delhi Chief Minister Sheila Dikshit and local MLAs on the issues of rising prices of power and water, and women's safety in the national capital. While demonstrating outside the Chief Minister's residence, some workers were detained and sent to Tuglak Road Police Station, a statement released by Aam Aadmi Party said.

AAP workers claimed that a number of volunteers were injured during police action at the time of the protest. "In Shahdara, AAP volunteers, including several women and children, were hurt when they were protesting outside Congress MLA Narendra Nath's residence. Around 20 volunteers were detained by the police outside his house and taken to Farsh Bazar Station," the statement said.

When AAP volunteers tried to gherao local MLA and senior Congress leader Kiran Walia's house in Malviya Nagar, they were detained by police and taken to local police station, it said. Workers, who went to meet area MLA in Gandhi Nagar, were arrested and taken to Kalyanpuri Police station when they tried to confront their MLA, the statement said. Most MLAs refused to meet the AAP workers, the statement added.

...more    

Diesel price hike will result in inflation, make life difficult: Delhi residents

The diesel price was hiked by 90 paise on Friday. ...

RBI may sweeten rate cut with lower cash reserve ratio

Mumbai: The Reserve Bank of India may sweeten its expected 25 basis point interest rate cut on Friday with a similar reduction in the cash reserve ratio to ease tight market liquidity conditions as increasingly benign inflation gives it room to manoeuvre. A slowdown in inflation, economic growth languishing at a decade-low 5 per cent and expectations of a lower current account deficit thanks to cooling global commodity prices have...  

Tax proposals in force, many items costly

The new tax policy and charges announced in Union Budget and Railway Budget 2013-14 have become applicable from Monday. Sparing the common man and taxing the super-rich - both individuals and corporate houses, Union Finance Minister P Chidambaram has increased social spending but stayed away from blatant pre-poll sops in his Budget. ...  

Corruption, price rise must be handled aggressively: BJP

Taking a dig at scam tainted the UPA government, Delhi Pradesh BJP President Vijay Goel on Sunday said corruption and price rise must be handled aggressively and with utmost thought. ...  

Audi hikes prices of select models by up to 15 per cent

German luxury car manufacturer Audi today announced an increase in prices of some of its models by as much as 15 per cent, with effect from Saturday. ...  

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. ...  

LS Speaker to urge for smooth Budget Session during all-party meet

Lok Sabha Speaker Meira Kumar has called for an all-party meet on Wednesday to urge all political parties to allow Parliament to proceed as planned during the Budget session starting on February 21. ...  

Sharad Pawar to meet trade union leaders today

Union Minister Sharad Pawar is expected to meet trade union leaders later Monday evening in connection with the two-day countrywide bandh called by trade unions later this week. Prime Minister Manmohan Singh had asked Pawar to negotiate with trade union leaders. ...  

PM appeals to trade unions to call off strike

Prime Minister Manmohan Singh on Sunday appealed to protesting central Trade Unions to withdraw their proposed two-day strike from February 20 saying it would cause loss to economy besides inconvenience to people and offered talks. Protesting against Government's "inaction" on price rise and alleged violation of labour laws, 11 central trade unions and workers' federation have called for a two-day nationwide strike starting from February 20. ...  

Jaya blames UPA's 'wrong' economic policies for price rise

Tamil Nadu Chief Minister Jayalalithaa on Friday blamed the "wrong economic policies" of the UPA government for price rise and sought scrapping of existing system of Trade Parity Price for petroleum fuel. ...  

Price rise: UP BJP to take out Atal Sankalp Yatra

The Bharatiya Janata Party's Uttar Pradesh unit will be carrying out a yatra in Lucknow on Monday to protest against the diesel price hike and general price rise. ...  

Diesel hike impact: How it will hit your life

The government has finally taken the first step towards de-regulation of diesel prices. A 45 paise increase per month would mean Rs 10 hike every year. A 45 paise hike in diesel prices might seem small but even this small quantum is expected to make life costlier for the common man. ...  

Oil marketing companies need to increase efficiencies and keep costs in check: Siddharth Zarabi

How is the diesel price rise likely to affect the daily life of a common Indian? CNBC-TV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. ...  

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...  

Inflation remains primary concern for RBI: Gokarn

Mumbai: Days ahead of the mid-quarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Saturday said inflation continues to the primary concern for the central bank. His comments come amid growth in the second quarter falling to 5.3 per cent in July-September period, triggering demands for a rate cut by the RBI to boost the economy. RBI should not do anything that provide some...  

'Centre's failure on price rise has snatched peoples' meal'

Ahmedabad: Leader of the Opposition in Lok Sabha Sushma Swaraj on Saturday alleged the Centre's failure in checking the price rise has resulted in snatching the common man's meal. "On the one hand, the government at the Centre is neck deep into corruption and on the other...sustained price rise has made the common man's life miserable...how can people run their homes amidst a soaring price rise scenario"? Swaraj said while...  

All party meet ends, Oppn adamant on voting on FDI

New Delhi: The all-party meeting called by Lok Sabha Speaker Meira Kumar on Tuesday ahead of the Winter Session is over and the government still has not acceded the Opposition's demand for a vote on FDI in retail. From what the Opposition politicians are hinting, it seems headed for a stormy scenes in the House. Leader of Opposition in Lok Sabha Sushma Swaraj said after the meeting that voting on...  

UPA confident of surviving no-trust vote with 300 MPs' support

New Delhi: The UPA government is not worried about the proposed no-confidence motion and is confident of the support of over 300 MPs in the Lok Sabha, say sources. While the UPA claims to enjoy the support of several parties who are not part of the alliance formally that takes it past the half-way mark of 273 in the 545-member Lok Sabha, even Trinamool Congress chief Mamata Banerjee is confident...  

Inflation still too high says RBI, dashes rate cut hopes

Pune: Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday virtually ruled out an early rate cut, saying inflation is still "quite high" and the central bank is on a high alert. "At 7.45 per cent, inflation is certainly quite high," Subbarao told reporters on the sidelines of an event in Pune. Subbarao said the RBI was concerned about inflation as well as the slowdown in the economic growth....