Nobody expected the Reserve Bank to cut interest rates in its quarterly monetary policy unveiled on Tuesday. Neither did D. Subbarao spring any surprise. The RBI governor, however, sounded unusually alarmist and helpless, as he sharply slashed the GDP growth forecast for 2012-13 from 7.3% to 6.5% and warned that high inflation was here to stay for many more months. Read more

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Posted by Rajesh Mahapatra on Tuesday, July 31, 2012 at 11:51 pm
Filed under India · Tagged GDP, government, hindustantimes, inflation, Mamata, Planning Commission, Pranab Mukherjee, rajesh mahapatra, RBI, Reserve Bank, Sharad Pawar, Subbarao, Sushil Kumar Shinde, UPA
Onions are back in news. In just about a week, onion prices have doubled from a level that was already high. Read more

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Posted by Rajesh Mahapatra on Wednesday, December 22, 2010 at 12:57 am
Filed under India · Tagged 2G scam, agriculture minister, BJP, government, inflation, Maharashtra, Nasik, onions, opposition, price rise, Radia tapes, Sharad Pawar
Nationalist Congress Party Sharad Pawar is worried that the ruling UPA is being increasingly seen as anti-corporate, thanks to a sudden spurt in business scams and the investigations that have followed them. Read more

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Posted by Rajesh Mahapatra on Wednesday, December 1, 2010 at 12:22 am
Filed under India · Tagged business scams, Central Bureau of Investigation, Congress, corporate, India Inc, investigation, minister for agriculture, Nationalist Congress Party, Sharad Pawar, UPA
Mike Duke, CEO of Walmart Stores, would like us to believe that allowing companies such as his to retail farm produce here will help control food price inflation, which is increasingly becoming a source of discontent among our people. Read more

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Posted by Rajesh Mahapatra on Wednesday, October 27, 2010 at 1:19 am
Filed under India · Tagged Big Bazaar, Diesel, foreign investment, hindustan times, inflation, Mike Duke, news, power tariffs, rajesh mahapatra, Reliance Retail, Sharad Pawar, Subodh Kant Sahay, Walmart
These days I am in Kolkata, where the city’s chaotic Pujo traffic has left me spending most of my time with Mahendra — the driver of the cab I have hired. Read more

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Posted by Rajesh Mahapatra on Wednesday, October 13, 2010 at 12:57 am
Filed under India · Tagged Bihar, Cafe Coffee Day, China, Commonwealth Games, Delhi, Durga Puja, fiscal health, food prices, Global Hunger Index, India, Indian government, International Food Policy Research Institute, Kolkata, Rwanda, Sharad Pawar, Sudan, UN