Commodities's tag archives

Inflation reaches 8.1% despite Govt’s efforts!

Once again inflation rate has reached a new height of 8.1% to give stress marks on the forehead of government and the public. Inflation struck at 8.1% for the week ending May 17 against 7.82% for the week ending May 10 in the face of surging international crude oil prices. Finance Minister P Chidambaram, is however, still confident to suppress the rate and control the surging prices in India. The Finance Minister added that authorities may take more steps to control inflation if...
READ THE FULL ARTICLE >>

Inflation controlled a bit, dips to 7.14%

Government's steps against souring inflation seems to be working as it is revealed that inflation slipped to 7.14 per cent in the week ended on April 5, 2008 after the 41-month high at 7.41 per cent on the previous week. The souring inflation is giving twists over the forehead of governments as well as making public worried about the family budget. For the week ended on March 29, inflation had reached 41-month high if 7.41 per cent mounting pressure on the Reserve Bank to further tighten...
READ THE FULL ARTICLE >>

165 food godowns raided in Delhi!

In an attempt to control the increasing prices of the essential commodities 165 food godown were raided in Delhi as a part of a special drive launched by government. 2.5 lakhs quintal of illegal hoardings was seized from the godowns raided. Against the complaints of black marketing of essential commodities, various rice and edible oil godowns were raided by the Food & Civil Supplies Department of Delhi Government on Monday. 46 godowns were challaned and 33 cases were registered. It...
READ THE FULL ARTICLE >>

Govt must control runaway prices: Sonia!

Congress president Sonia Gandhi put her opinion on Monday regarding the issue of inflation. She said the government must control the increasing rates of essential commodities to make them affordable by common man. In the latest issue of the party mouthpiece she said the state government to control the price rise and limit black marketing and hoarding. She said that higher growth is essential but it must be ensured by the government to remain the essential commodities within the range of...
READ THE FULL ARTICLE >>

Inflation rate is too high reached to the 7% mark!

The feel good factor of the union budget is over now, India is now struggling from the inflation rate. The week which ended on March 22, inflation rate reached to a new high of 7%. This new high inflation rate has increased the prices of all essential commodities like food, vegetables, minerals, steels, and other manufactured items. Within one or two weeks people are expecting a new high in the rates of the essential commodities. This incident is putting some sort of pressure on the...
READ THE FULL ARTICLE >>

Price rise a global phenomenon: Congress!

Congress on Monday said that the increasing prices of commodities are not happening in India only but it’s a global phenomenon. All India Congress Committee (AICC) Media Department Chairman, M Veerappa Moily, told reporters that the party would ask the government to ban future trading in more farm items. It had affected such a ban with regard to some agricultural commodities including wheat. Moily told that necessary measures are taken to slow down the current inflation and some...
READ THE FULL ARTICLE >>