Food inflation has entered negative territory but consumers have had no respite on cost of living.
There is not much that the RBI can do to address India's inflation. Solutions to the problem lie with Pranab Mukherjee and Sharad Pawar, who run the ministries of finance and agriculture, respectively.
RBI kept all key rates unchanged in its policy review on Tuesday.
Top sources in the government told Business Standard the Congress managers wanted the rise in prices to be a collective decision of the United Progressive Alliance and also make sure allies could not wriggle out of the exercise to take harsh economic decisions.
Agriculture Minister Sharad Pawar on Friday said it will be difficult to decontrol sugar industry as many state governments, including the country's second largest producer Uttar Pradesh, are against freeing this sector.
Various facets of Mahatma Gandhi's life journey were displayed by the 22 tableaux that rolled down the Rajpath during the 70th Republic Day Parade.
Finance Minister Pranab Mukherjee and other finance ministry officials have reached the last leg of pre-Budget consultations.
Ajit Balakrishnan on learning from past technology revolutions.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
The Union Cabinet is set to discuss the Group of Ministers' report on Telangana and also consider the Telangana Bill clause by clause.
'If there is no outcome at Tuesday's meeting, then on the 30th thousands of tractors and farmers will march on the Kundli-Manesar-Palwal Expressway.'
Agriculture Minister Sharad Pawar on Monday denied that the ministry was unhappy with the WTO Framework Agreement.
Scenario is precarious for urad with almost half the crop damaged in major growing states, tur quota of 400,000 tonnes already exhausted.
>The protesters should entrust the final judgement on the farm reform laws to the Supreme Court-mandated committee of experts and return to their villages, argues Virendra Kapoor.
The Finance Ministry and Reserve Bank have also expressed their worries over high inflation.
It is regrettable that the IB has tried to devalue the expertise available both within the concerned ministry and in the scientific community by its allegations. Governments and NGOs in many western nations have not been accused of being 'anti-national' when they put their foot down on questionable practices by cash rich agri-business companies, says Rashme Sehgal.
