Food inflation a matter of grave concern: Mukherjee

   Nov 3, 7:30 pm

New Delhi, Nov 3 (ANI): Union Finance Minister Pranab Mukherjee on Thursday expressed concern over the food price index, as it rose from 11.43 percent to 12.21 percent, its highest in nine months.

"Inflation is still matter of grave concern therefore we shall have to see of course, this is the effect of this week of the festive seasons. So, November figures onwards the real trade for the remaining period of four months would be available," Mukherjee told media here.

He said food inflation was still high and is hovering dangerously above the double-digit mark.

Meanwhile, government data shows that the fuel price index climbed 14.50 percent in the year to October 22.

The primary articles price index was up 12.08 percent, compared with an annual rise of 11.75 percent a week earlier.

The RBI raised interest rates last month for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December. (ANI)

Bhutan discusses its 11th Five Year Plan during talks with India Sep 21, 11:00 am
Thimphu, Sept. 21 (ANI): India and Bhutan have held their third round of the Bhutan-India Development Cooperation Talks or the plan talks for the 11th Five Year Plan of Bhutan.
Full Story
Alibaba shares close 38 percent above initial asking price on NYSE Sep 20, 12:28 am
London, Sep 20 (ANI): Chinese Internet giant Alibaba's shares closed significantly above their initial price on the New York Stock Exchange (NYSE) on Friday, ending 38 percent above their initial asking price.
Full Story
Ananth Kumar wants Assam Gas Cracker project operational by June Sep 20, 12:00 am
New Delhi, Sept. 20 (ANI): Taking a serious note of the delay in the completion of the Assam Gas Cracker project, Union Minister for Chemicals and Fertilizers Ananth Kumar has directed the project's mechanical completion by November, 2014 and commissioning by June, 2015.
Full Story
PM Modi nominates Adil Zainulbhai as QCI chairman Sep 19, 8:54 am
New Delhi, Sept. 19 (ANI): Prime Minister Narendra Modi has nominated Adil Zainulbhai as the chairman of Quality Council of India (QCI).
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY