Business

New Delhi, March 26: India appears to be set for a deflationary phase with Inflation hitting 30 year low at 0.27 percent even as prices of some essential commodities like cereals and vegetables rose during the period.

The figures released on Thursday were for the week ended March 14, down from 0.44 percent recorded for the earlier week.

However, despite the remarkable drop in inflation rate, there is still no significant drop in consumer price index (CPI), which relates to the prices of consumer goods including fruits and vegetables.

Banglore, March 25: As hundreds of young people graduating in engineering and management in India’s IT hub feel the heat of the global financial meltdown, they are united on one issue – vote in the Lok Sabha polls and vote for those with the best economic recovery plan.

With fewer job offers and lower compensation this year at the summer campus placements, talk among young Bangaloreans centres on the five-phase polls beginning April 16.

Only by electing right candidates can the future become secure. That is the view that dominates the discussion over coffee at a popular hangout.

Colombo, March 22: An International Monetary Fund (IMF) team is to hold talks with Sri Lanka Sunday and finalise its request for a $1.9 billion standby loan to prop up the country’s dwindling foreign exchange reserves, media reports here said.
Responding to reports that conditions may be attached to the IMF loan, a Central Bank official said that there had ‘so far been no talks on conditions’.