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Posted: July 30th, 2010, 4:50pm EDT
Amid a concerted Opposition attack on the government within and outside Parliament on rising prices, the Planning Commission today said inflation will come down to 6 per cent from its present "uncomfortable" level by this year-end.
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Posted: July 30th, 2010, 1:01pm EDT
India's inflation rate, which peaked this month following the fuel price hike in June, will keep declining after July and moderate by December, Planning Commission Deputy Chairman Montek Singh Ahluwallia said Friday.
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Posted: July 30th, 2010, 4:46am EDT
India's annual domestic oil product sales rose 1.8 percent in June, its highest jump since October, to 12 million tonnes on higher demand for auto fuels, government data showed on Friday.
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Posted: July 30th, 2010, 3:48am EDT
India should free diesel prices immediately while global crude prices are stable, but the government could impose a windfall tax on producers if crude surged beyond $80 a barrel, a senior adviser said.
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Posted: July 30th, 2010, 2:14am EDT
The US has asked donors to make targeted investments in India's water and sanitation sector.
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Posted: July 30th, 2010, 1:43am EDT
Oil slipped on Friday, heading for a fourth consecutive weekly settlement within the $75-80 range, as investors focused on a slowing economy and rising inventories in top consumer the United States.
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Posted: July 29th, 2010, 11:54pm EDT
Oil prices tumbled in Asian trade today on profit-taking ahead of a key report expected to show that the US rebound from recession is losing pace.
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Posted: July 29th, 2010, 5:52pm EDT
Food price inflation dropped to single digit 9.67% for the first time this year, even as the government continues to face a concerted Opposition attack on rising food and fuel prices.
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Posted: July 29th, 2010, 12:14pm EDT
India has slipped to the fifth position in terms of global steel production with a 32.5 mn tonnes output in the first six months of this year, Lok Sabha was informed.
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Posted: July 29th, 2010, 6:57am EDT
India's annual monsoon rains were 38 percent above normal in the week to July 28, the highest in the current season, the weather office said on Thursday.