More than 2.2 billion people `poor or near-poor`: UN report

More than 2.2 billion people are "poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem, a United Nations report said on Thursday.

Govt taking all possible measures to control inflation: Naqvi

Bharatiya Janata Party leader Mukhtar Abbas Naqvi said that the government is taking all possible measures to control inflation but the Congress party is unnecessarily blaming BJP.

World Bank sounds alarm on rising global food prices

World food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the United States and unrest in Ukraine.

World food prices are steadying: United Nation

World food prices are stabilising after a long period of extreme volatility, the UN`s food agency said, as it presented new data showing food prices rose only slightly in October.

Algeria announces food price cuts to quell riots

Four days of rioting, triggered by price rises, killed two people in Algeria.

Wholesale sugar prices soften in Delhi and Mumbai

Wholesale sugar prices on Monday dipped by Rs 50 a quintal in Delhi, while rates were lower by Rs 10 per quintal in Mumbai, thanks to higher supply from mills amid sluggish demand.

Pawar does a U-turn, says not suggesting milk price hike

Union Agriculture Minister Sharad Pawar on Wednesday did a U-turn over his statement warning of an impending hike in milk prices in North India.

PM assures action on price rise

PM Manmohan Singh on Wednesday assured that the govt will take quick measures to check price rise.

RBI says recovery uneven; to adopt balance policy stance

Reserve Bank of India on Tuesday said the growth pattern suggests that economic revival is uneven and its monetary policy stance would be to support recovery and manage inflation.

Inflation turns positive after 3 months; at 0.12 percent

After being in the negative for more than three months, Wholesale Price Index-based inflation turned positive at 0.12 percent for the week ended September 5, official figures said on Thursday.

Inflation rises slightly to -1.53 percent

After dropping to a 30-year low, the annual rate of inflation recovered slightly to -1.53 percent for the week ended August 8, according to official data released on Thursday.

Retail food prices surge 32% in June-July period

Retail food prices have surged up to 32 per cent in the country after the South West Monsoon hit India in the last week of May with poor rain compounding the problem, adding to consumer worries.