Inflation drops to 5-year low of 1.77% in October
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77% in October. The Wholesale Price Index (WPI) based inflation was at 2.38% in September and 7.24% in October 2013. As per data released by the government today, the food inflation... read more »
Delhi Electricity Regulatory Commission Withdraws Power Tariff Hike
The Delhi Electricity Regulatory Commission or DERC has withdrawn the power tariff hike of up to seven per cent in the national capital which was announced last night, according to the Press Trust of India. The hike would have come into effect from tomorrow. The regulator had hiked the tariff by... read more »
Reliance Infra exits Mumbai Metro Phase II, blames govt for not meeting pro...
Mumbai: Blaming the Maharashtra government for “non-fulfilment of certain critical obligations”, Reliance Infrastructure (RInfra) today walked out of the contract to develop the Rs 12,000-crore Charkop-Bandra-Makhurd Metro corridor in Mumbai. “Due to non-fulfilment of various... read more »
Excise duty on petrol, diesel hiked, prices not to rise
To boost the exchequer’s finances and help contain fiscal deficit — the amount of money that the government borrows to fund its expenses — the Centre on Thursday hiked the excise duty on both petrol and diesel by Rs. 1.50 per litre. The move will not result in any increase in retail prices of... read more »
