Inflation
in India breached the 11 per cent mark , the highest in 14-odd years,
despite the growth rate tweaking to 9 per cent. This comes close on the
heels of rising fuel and food prices. Prime Minister Manmohan Singh and
Finance Minister P Chidambaram continue to assure the people that they
can rein in inflation. That Chidambaram's assurance is couched over his
worry can be seen when he says "double digit inflation would be there
for some more weeks and the Government as well as RBI would not
hesitate to take more steps to rein in soaring prices, if need arises.”
It is confusion worse confounded for the common man when he hears the
government announcing the fuel price hike, in addition to the rising
cost of essential commodities.
Recent comments
3 hours 4 min ago
4 hours 4 min ago
4 hours 15 min ago
5 hours 19 min ago
7 hours 18 min ago
7 hours 19 min ago
7 hours 19 min ago
7 hours 27 min ago
7 hours 38 min ago
8 hours 39 min ago