New Delhi: Hemmed in by the Opposition and UPA constituents, which are protesting against petrol price hike, Congress on Friday sought to put up a brave front saying there was nothing wrong if allies express their concern on the issue. Party spokesperson Manish Tewari also indicated that a revision in prices could be made in the next few days. "We do hope that our sentiment will be respected. We had...
12:37 AM, May 26, 2012
Chief Economic Advisor Kaushik Basu has said that a partial rollback in petrol prices will hit India's fiscal deficit target adversely. ...
10:28 PM, May 25, 2012
Mussoorie: Describing the upsurge in inflation in April as a "surprise" development, the Reserve Bank on Thursday said it will take into consideration the emerging price situation and accordingly decide on policy action in its review next month. The central bank has also asked the government to take action to reduce the fiscal deficit, which rose to 5.9 per cent of the GDP in 2011-12. "We noted that inflation has...
03:29 AM, May 25, 2012
An interactive graph displaying the comparison between petrol prices in major cities in India. ...
05:08 PM, May 24, 2012
New Delhi: The sharpest petrol price hike that was announced on Wednesday evening by oil companies is not the only burden that the UPA government has given to the common man on its third anniversary. Sources say the Empowered Group of Ministers (EGoM) will meet on Friday to discuss a possible hike in diesel and LPG prices too. Sources also say that oil companies are pushing for a Rs 5...
07:45 AM, May 24, 2012
New Delhi: India's consumer price inflation accelerated in April to 10.36 per cent, making life harder for the RBI as it looks to kickstart a flagging economy, government data showed on Friday. In March, consumer prices rose 9.47 per cent. Consumer price-based food inflation accelerated to 10.18 per cent in April from 8.22 per cent in February, driven by a rise in prices of vegetables, eggs and fish products. Inflation...
11:50 AM, May 18, 2012
London: Four out of ten young couples in Britain have either shelved their plans to start a family or delayed it because they cannot afford kids, a new study has found. The reason behind the decision has been attributed to the increased living costs like rising bills, petrol prices, food inflation and job insecurity, the Daily Express reported. A study on 2,412 childless couples found they had decided to delay...
07:29 PM, May 11, 2012
New Delhi: Price rise, dissidence, lack of intensity in campaigning and failure to highlight "misdeeds" of BJP-ruled MCD were on Saturday identified by majority of Congress MLAs as reasons for the party's drubbing in municipal polls. At a meeting convened by Chief Minister Sheila Dikshit to analyse the poll outcome, most of the MLAs cited price rise, particularly hike in milk prices just ahead of the election, and dissidence in...
01:21 AM, Apr 29, 2012
New Delhi: Sandeep Dikshit, Congress MP and Chief Minister Sheila Dikshit's son, on Tuesday attributed his party's defeat in Delhi civic polls to a disconnect between the party and the people and the BJP's success in taking advantage of scams like 2G spectrum and price rise. He also said an environment was created by CAG reports and the anti-corruption movement led by Anna Hazare that made people the believe that...
06:14 PM, Apr 17, 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
Ghaziabad: Worried over the rising price of crude oil, Finance Minister Pranab Mukherjee on Saturday said the government can address the issue even outside the Budgetary route if the upward trend continues. "If the crude price increases beyond certain level... we have to address this issue. It has not been necessarily addressed through the budgetary route. It can be done even after the Budget. That exercise, we will be making,"...
10:17 AM, Mar 18, 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: The BJP Parliamentary Party and NDA floor leaders in both Houses of Parliament will hold separate meetings on Sunday to discuss the strategy to take on the UPA government in the coming Budget Session on issues like price rise, corruption and Indian children in Norway. The main opposition's parliamentary party leaders will meet on Sunday at 11 am under the leadership of their chief LK Advani to discuss...
08:49 AM, Mar 11, 2012
New Delhi: Industry body Assocham on Friday urged the government to reduce excise duty on branded garments to one per cent from 10 per cent at present. "The Rs 1.5 lakh crore industry, providing direct employment to 60 lakh people, has witnessed lower growth due to hike in excise duty, rising material and labour costs and increase in interest rates," The Associated Chamber of Commerce and Industry of India said....
06:41 PM, Mar 09, 2012
New Delhi: A nation-wide 24-hour strike called by 11 major trade unions on Tuesday evoked a mixed response disrupting public sector banking operations and transport services in some states but normal life remained largely unaffected. The strike in protest against the government's "anti-labour policies" was by and large peaceful with no major incidents of violence being reported. Air services remained normal while train services were disrupted in some divisions of...
06:55 PM, Feb 28, 2012
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