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Economy and Politics

Annual food inflation in early March eased from 9.52 per cent recorded in the previous week as prices of onions and milk fell, while fuel inflation accelerated.

 
 
India's growth rate, according to the 'Asia-Pacific Markets Outlook 2011' report released by the S&P on Wednesday, would moderate to 8-8.5 per cent this year.
The garment manufacturers who are pitching for removal of 10 per cent excise duty on readymade garments, will again observe a two-day nationwide strike from Monday.
 
 
The rupee had depreciated by 19 paise to close at Rs 45.25/26 against the US currency in Tuesday's trade on renewed dollar demand from banks and importers.
Linking food inflation to global developments, Finance Minister Pranab Mukherjee pointed out that the surplus liquidity is being converted into commodity.
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