Despite assurances from policy-makers, India’s annual rate of inflation rose to 8.31 percent for February from 8.23 percent for the month before due to higher prices of fuels and manufactured products, official data showed Monday. The statistics on the official wholesale price index (WPI) released by the industry ministry further showed that the provisional annual [...] Continue reading India’s inflation up on higher fuel, product prices
Tag Archive: inflation
Former union finance minister and senior Bharatiya Janata Party (BJP) leader Yashwant Sinha Saturday said budget 2011-12 will have an inflationary effect instead of controlling prices. “There are some proposals in the budget which are inflationary. Rise in prices of cement, coal and steel will have a cascading effect. This budget will actually have an [...] Continue reading Budget will fuel inflation: Yashwant Sinha
Pointing to the existence of a supply-demand gap in foodgrain which is causing prices of essentials to soar, Finance Minister Pranab Mukherjee Monday said he has given priority in the budget for 2011-12 to increasing production of foodgrain to contain inflation. “If we try to understand what is causing inflation in our country, we will [...] Continue reading Priority to more foodgrain production to curb inflation: Pranab
Finance Minister Pranab Mukherjee presented the federal budget for 2011-12 Monday, promising not only to address the twin issue of curbing inflation and pushing growth but also tackling corruption and lack of transparency in governance. Stating that India had bounced back after the global financial crisis with broad-based growth, he said inflation was a matter [...] Continue reading Mukherjee says budget will curb inflation, push growth
Prime Minister Manmohan Singh Thursday said the “government stands committed” to curbing inflation. “By the end of this fiscal year, inflation will be controlled. I expect the situation to improve,” Manmohan Singh told the Lok Sabha, replying to a debate on the motion of thanks to the president’s address. Continue reading Inflation will be controlled by March: PM