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)

Eager to support India to bolster mutual economic growth: U.S. commerce secretary Jul 31, 3:36 pm
Mumbai, July 31 (ANI): U.S. Commerce Secretary Penny Pritzker has expressed her eagerness to support and partner with India to bolster mutual economic ties at an event in Mumbai.
Full Story
Jaitley to meet CEOs of public sector banks, FIs on financial inclusion plan Jul 31, 1:33 pm
New Delhi, July 31 (ANI): Union Finance Minister Arun Jaitley will hold a meeting with the Chief Executive Officers (CEOs) of Public Sector Banks and Financial Institutions on comprehensive financial inclusion plan today.
Full Story
Samsung's Q2 profits drop by 25 percent Jul 31, 12:04 pm
Washington, July 31 (ANI): Samsung posted a 25 percent decline in its operating profits in the second quarter of 2014 as smartphone competition increases in the market.
Full Story
China launches 'anti-monopoly probe' into Microsoft Jul 30, 4:33 pm
London, July 30 (ANI): The Chinese authorities have reportedly launched an anti-monopoly investigation into US-based technology giant Microsoft.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY