Govt examining high inflation in foodgrains: Thomas

Expressing concern over high food inflation, Food Minister K V Thomas Wednesday said the government is examining the reasons for "undue" rise in prices of foodgrains despite high production.

Congress synonymous with inflation, massive corruption, inefficiency: BJP

Launching a frontal attack on the Congress Party, Bharatiya Janata Party (BJP) Vice President Balbir Punj on Sunday said that the ruling party at the centre which has become synonymous with inflation and massive corruption needs to be thrown out.

Indians teary-eyed over onion price hike

A sharp hike in the price of onions has brought tears to the eyes of people. Onions are now costing nearly 300 percent more this month than in the same month last year.

Delhi govt blames BJP-ruled MP for onion woes

The Delhi government on Wednesday alleged that hoarding of the kitchen staple in Madhya Pradesh has resulted in escalation of its rates in the city.

Govt doesn’t sell onions, ask traders: Kapil Sibal on sky-rocketing prices

As the prices of onions and other vegetables have sent the budgets of many homes in the country haywire, Union Telecom Minister Kapil Sibal on Wednesday said that the government has nothing to do with the spiralling onion prices

`Worthless` UPA govt will be voted out on inflation: Kirti Azad

Bharatiya Janata Party Member of Parliament Kirti Azad targeted the Congress-led UPA Government for being unable to curb inflation.

India is reeling under crisis of confidence: Yashwant Sinha

Senior BJP leader and former finance minister Yashwant Sinha has lambasted the UPA government for failing to curb inflation in the country.

Where prices rise and the value of women declines

How do rising prices affect women in all the different ways in which they are economic actors?

A rural setup needed to combat inflation: Oscar Fernandes

Ashutosh Rana took on Union Cabinet Minister for Transport, Road and Highways and talked about the contemporary inflationary phase in our country and the reasons behind it on Bharat Bhagya Vidhata`s show — Nishaane Pe. Fernandes, a vital cog in the UPA II government, talked about the possible strategies and schemes employed by Centre to counter inflation.

CPI(M) protests over fuel price hike

Around 300 CPI(M) workers, including a party MLA, were arrested for staging a rail-blockade protesting the recent hike in fuel prices.

Tax luxury not basic needs: Brinda Karat

CPI(M) Polit Bureau member and Rajya Sabha MP Brinda Karat feels that women are more affected by rising inflation.

Govt has failed to adopt measures to combat price rise: Brinda Karat

Karat in her interview on Zee Media’s ‘Bharat Bhagya Vidhata’ argues for abolition of all taxes levied by government on petrol and diesel.

India should approach IMF to arrest rupee plunge: Rajiv Kumar

With rupee scaling new historic lows against dollar every day, the spectre of India knocking the doors of the International Monetary Fund (IMF) to seek a bail out is just a matter of time.

Interesting Facts about Inflation

Consumer Price Index in India increased to 231 Index Points in June, 2013 from 228 Index Points in May, 2013.

Dikshit slams Oppositions` `political gimmicks` on onion issue

Delhi Chief Minister Sheila Dikshit today hit out at opposition parties for "politicising" the issue and resorting to "gimmicks" after they started selling the kitchen staple at low rate.

CPI to corner Govt on economy, price rise in Parliament

Economic slowdown, price rise and FDI policy would be among major issues to be raised by CPI to corner the government in the upcoming Monsoon Session of Parliament.

Corruption at the root of high inflation: Anna Hazare

Anna Hazare said that steep inflation in the country was the result of rampant corruption which could only be dealt with by a strong Jan Lokpal Bill.

Govt may release food grains stock to tame inflati

The government is likely to release food grains from its stocks in order to bring down soaring food prices, Union Minister of State for Consumer Affairs and Food and Public Distribution K V Thomas said on Monday.

US unemployment rate remains unchanged at 7.6%

US unemployment rate in June has remained unchanged at 7.6 per cent as more than 195,000 jobs were added to the economy this month, latest official figures said on Friday.

As a show of solidarity with federal workers, Obama takes 5% salary cut

As show of solidarity with federal workers reeling under $85 billion austerity measure due to government-wide spending cuts, US President Obama has decided to return 5% of his salary to US Treasury.