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The Delhi Electricity Regulatory Commission or DERC has withdrawn the power tariff hike of up to seven per cent in the national capital which was announced last night, according to the Press Trust of India.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 »
First Ebola case in New York; doctor tested positive
A physician with Doctors Without Borders who returned to New York City after treating Ebola victims in West Africa tested positive for the virus on Thursday, setting off fresh fears about... read more »
UK told to pay £1.7bn extra to EU
The UK has been told it must pay an extra £1.7bn (2.1bn euros) towards the European Union’s budget because the economy has performed better than expected in recent years. The payment... read more »
Ebola in New York: Doctor tests positive for deadly disease after returning from west Afri...
Authorities in New York confirmed on Thursday night that a doctor who had recently returned to his home in Harlem after working for Doctors Without Borders in Guinea helping treat patients... read more »
Boko Haram Said to Abduct More Women in Nigeria
DAKAR, Senegal — Scores of young women have been kidnapped in new abductions by Islamist militants in Nigeria, according to local journalists, a Roman Catholic bishop and news reports,... read more »
Islamic State among world’s richest militant groups: US
WASHINGTON: The Islamic State has fast become one of the world’s wealthiest terror groups, generating tens of millions of dollars a month from black market oil sales, ransoms and extortion,... read more »
