Food inflation dips to -3.36 percent; RBI may cut rates
The annual food inflation fell to -3.36 percent for the week ended Dec 24, as compared to 0.42 percent in the previous week and 20.84 percent during the corresponding week of last year.
"There has been substantial improvement. Food inflation has turned negative for the first time in recent memory," Finance Minister Pranab Mukherjee told reporters, reacting on the weekly data.
Food inflation during the week under review was the lowest since April 2006.
After remaining near double-digit for almost two years, food inflation has dropped sharply in the last two months. It has dipped for the ninth consecutive week.
It came down to single-digit in the second week of November and has slid consistently since then. It was recorded at 10.63 percent for the week ended Nov 5.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 55375
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.28Views: 55375
Date 09-08-14 4:41
Tooltip Information:Politicos on Narendra Modi's speech at National Council meetVideo by:Description: Politicos on Saturday reacted over Prime Minister Narendra Modi's speech at National Council meet. While addressing BJP workers during the National Council meet, Prime Minister Narendra Modi said that what BJP achieved in past 60 days the Congress could not in last 60 years. Modi had also said that Amit Shah was the 'man of the match' of the 2014 Lok Sabha polls and Rajnath Singh was the 'captain of the team'. Modi credited party workers for the historic win in the general elections and said that the government needs to function in order to fulfill people's expectations.Rating: 4Views: 1086
Date 09-08-14 5:52
Tooltip Information:Amit Shah man of match in LS polls: Narendra Modi part 2Video by:Description: While addressing BJP workers during the National Council meet, Prime Minister Narendra Modi said that Amit Shah was 'man of the match' of the 2014 Lok Sabha polls and Rajnath Singh was the 'captain of the team'. Modi credited party workers for the historic win in the general elections and said that the government needs to function in order to fulfill people's expectations. The prime minister also said that the party will prosper under the leadership of Shah, after he was formally announced as party president by Rajnath Singh. Modi also slammed former UPA government over WTO decision and said that the 60 days of NDA rule can guarantee going on right direction for the welfare of people.Rating: 3Views: 1083
Date 09-08-14 6:00
Tooltip Information:Amit Shah man of match in LS polls: Narendra Modi part 1Video by:Rating: 4Views: 644
Date 34 mins ago 1:21
Tooltip Information:British Law Minister says India must open up its legal sectorVideo by:Description: British law minister Shailesh Vara, who arrived in New Delhi for his three-day visit said India must open up its legal sector. The United Kingdom's Parliamentary Under-Secretary of State and Minister for the Courts and Legal Aid at the Ministry of Justice, Vara, will also be visiting Ahmedabad. His visit is the latest in a series of senior British government visitors to India to further strengthen the bilateral relationship with the government of Prime Minister Narendra Modi. Interacting with mediapersons in New Delhi, he added the United Kingdom and India have very strong links on trade, education and legal front. Vara said with Modi's initiative to allow foreign companies to invest in India, overseas lawyers must also be allowed to practice in India. Opening up the legal sector, Vara added, would make India also known as the centre of excellence across the globe, which will have benefits and help attract the business.Rating: 4Views: 0
Date 43 mins ago 0:54
Tooltip Information:Amit Shah accuses UDF and LDF in Kerala of vote bank politicsVideo by:Description: BJP president Amit Shah, who visited Kerala in order to gain foothold in the state, blamed the dominant coalition fronts for pursuing vote bank politics, and promoting communalism. Kerala is one of the states where BJP is yet to display a strong electoral performance, and politics in the state is dominated by two political factions - United Democratic Front (UDF) led by Congress party and Left Democratic Front (LDF) led by Communist Party of India (Marxist). Shah was addressing special convention of party functionaries in Thiruvananthapuram city during his maiden visit to the state. He further elaborated on the point by saying that Kerala government had sought the release of Abdul Nazer Mahdani, who was detained in connection with the 2008 serial bomb blasts in Bangalore. Shah is hoping to promote the development model of Prime Minister Narendra Modi to lure the voters in southern states.Rating: 4Views: 0