With inflation touching a two-year high, the government came under fire from BJP as well as the Left Parties, with CPI(M) General Secretary Prakash Karat asking the Congress-led government to stop futures trading in foodgrains and reduce prices of petrol and diesel.
BJP attributed the rise in the inflation graph to 6.12 to the government's "mishandling" of the economy and charged the UPA with "abject failure on the economic front".
Karat's statement came close on the heels of the party's Central Committee meeting earlier this month asking for a check on open entry to private players in the grain trade and strengthen the public distribution system.
"The government should also bring down the prices of petrol and diesel" in the backdrop of reduction in global crude prices, Karat said, adding that the party's views have already been conveyed to the government.
The CPI(M) has decided to once again raise the demand for more reduction in petro-products prices saying that the recent decrease of Rs two and Rs one in petrol and diesel prices was "not adequate".
BJP spokesman Prakash Javadekar dubbed the high inflation as "a great betrayal" of the common man.
Defending the government, Congress spokesman Abhishek Singhvi said the party and the government were always concerned about such a situation and therefore monitor the economy constantly.
Suggesting that some fiscal and non-fiscal measures would be taken to tackle the situation, he said "give the government some more days".
782 govt accommodations under unauthorised occupation
Publish Date : 3/3/2007 7:26:00 AM
As many as 782 government accommodations are under unauthorised occupation, Minister of State for Urban Development Ajay Maken told Lok Sabha today.
Drive against illegal hoardings from mar 5
Publish Date : 3/3/2007 7:24:00 AM
The district administration would start removing from March 5, illegal hoardings, installed without proper permission and which distract public attention and obstruct traffic, district collector Dr Neeraj Mittal said today.
75,000 houses need to be developed in Delhi every year
Publish Date : 3/3/2007 7:17:00 AM
At least 75,000 houses will have to be built in the capital every year in addition to redevelopment of existing areas to meet the growing housing needs, according to the new Master Plan for Delhi (MPD).
No plans to trim retail fuel prices: Deora
Publish Date : 3/3/2007 7:08:00 AM
Petroleum and Natural Gas Minister, Murli Deora said on Friday there were no plans to cut prices of petrol and diesel after a cut in duty on fuels announced in this week's annual budget.
FM asks India Inc to hold price line
Publish Date : 3/2/2007 7:13:00 AM
Finance Minister P Chidambaram today asked the industry to hold the price line to help in curbing rising inflation and cooperate with the government in putting agriculture and rural India on high growth path....
Cabinet okays Bill to amend Motor Vehicles Act 1988
Publish Date : 3/2/2007 7:10:00 AM
The government today approved introduction of a Bill in the Parliament to amend the Motor Vehicles Act 1988 to enhance safety in public transport and strengthen the enforcement of safety related provisions.
Heavy rainfall likely to hit potato crop: futures price rises
Publish Date : 3/2/2007 7:10:00 AM
Rainfall in major potato production state Uttar Pradesh and some parts of northern India may hit the crop's production ahead of harvesting season even as it led to an upward rally in futures prices at both the NCDEX and MCX.
18 dead in Sri Lankan aerial raids
Publish Date : 3/2/2007 7:08:00 AM
Continuing its offensive against Tamil rebels, Sri Lankan jets today bombed suspected LTTE positions in the island's northeast, killing 18 people.
Production warrant issued for Delhi ACP in Shramjeevi case
Publish Date : 3/1/2007 8:40:00 AM
A local court today issued a warrant for a Delhi Police ACP to appear before it on March 8 in connection with the Shramjeevi Express blasts case in which 17 people were and over 50 injured in 2005.
Demolition in busy INA market
Publish Date : 3/1/2007 8:38:00 AM
Amid heavy security, bulldozers rolled out in south Delhi's busy INA market today demolishing 47 shops built on public land.
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