Economists forecast the benchmark food price indicator to slip to 12 per cent in near future
A revenue department official said against 4,500 sand spots across the state, only 1,300 which had been cleared by the respective gram panchayats are available for auction.
The world's fastest-growing wine market for the past five years, has come crashing down.
The Centre, under attack for rising sugar prices, is weighing the option of asking bulk consumers, like makers of sweets, soft drinks, fruit juice, chocolate, ice cream and biscuits, to use only imported refined sugar instead of buying domestic supplies.
They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners.
Union Agriculture Minister Sharad Pawar on Thursday brushed off all allegations and reiterated his support for the introduction of Bt brinjal. He asserted that the introduction of the genetically modified brinjal can take place as it has been recommended by Genetic Engineering Approval Committee (GEAC), a scientific body, after carrying out a series of trials and tests on its impact on nature.
Annual food inflation has picked up for the second consecutive week, with the food price index rising 17.56 per cent in the 12 months till January 23, higher than an annual rise of 17.40 percent in the previous week, data released on Thursday showed. What may, however, lift spirits a little is the fact that the prices of pulses, a major contributor to spiralling food inflation, have declined over 40 per cent from their peak, on the back of rising arrivals and imports.
Amid the controversy over the issue of north Indian migrants in Mumbai, Congress MP Rahul Gandhi will visit the country's financial capital on Friday. During his visit, Gandhi will interact with college students, especially dalits, and is likely to address five meetings in the city.
In the past two years, high-end luxury watch brands have grown by 20-22 per cent, as against 7-8 per cent growth in low-end watches.
Gujarat, Haryana and Orissa, on the other hand, are tightening the monitoring mechanism to firmly tackle the problem. Similarly, Delhi, where the losses have come down to around 16 per cent from 60 per cent before privatisation, has increased policing to avoid tampering of meters and thefts.
It is under the blessings of politicians that builders and the criminal-builder nexus is thriving.
Nearly 750,000 tonnes of imported sugar are stuck at the Kandla and Mundra ports even as prices skyrocket in the domestic market. That's because the sugar importing mills in Uttar Pradesh have still not been able to arrive at an agreement on processing imported raw sugar by millers in Maharashtra and Gujarat.
Pricewaterhouse-Coopers (PwC) and the Indian Electrical & Electronics Manufacturers' Association (IEEMA) have recommended that the Centre and state governments ensure 15 per cent price preference for government enterprises.
The country has generated an additional income of Rs 10,000 crore (Rs 100 billion) to Rs 12,000 crore (Rs 120 billion) annually because of its higher yield, J N Singh, joint secretary in the Union textiles ministry, told Business Standard.
The Maharashtra government has decided to increase floor space index (FSI) to 3 from the current 2.5 for buildings which have come up between 1940 and 1960. The decision opens up the possibility for redeveloping 16,461 old buildings.
Bharat Heavy Electricals is exploring opportunities for an acquisition or a joint venture partnership with companies from the United States and Europe.
State governments, which are striving to achieve 4 per cent growth in agriculture during the 11th Plan period (2007-12), have made a strong pitch for repayment of short-term loans by farmers in case of natural calamities at an interest rate of 7 per cent and not at the regular rate of over 10 per cent as fixed by banks.
The Gems & Jewellery Export Promotion Council (GJEPC), the apex body set up by the Union ministry of commerce to monitor the jewellery business overseas, says it might call for pulling out of the diamond cutting and polishing business in China.
It is looking to invest over Rs 20,000 crore (Rs 200 billion) for a greenfield project in Raigad or Ratnagiri districts of Maharashtra.
Diamond cutting and polishing industry had laid off over 20 per cent of its skilled labour (total estimated strength is one million).
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