Chidambaram On Food Prices

• RBI must abide by government focus on growth: Chidambaram

  Opinion polls ahead of upcoming national elections - expected between April and May - predict voters will oust Chidambaram's Congress-led ruling alliance, in part over its failure to tame high food prices and revive economic growth.

• Monetary policy has small impact on food, fuel inflation: Chidambaram

  India's consumer price index inflation quickened to 10.09 per cent in October, higher than 9.84 per cent in September due to food and fuel prices, fuelling expectations of a rate increase by the central bank at its next policy review on December 18.

• India must tackle higher subsidy spending soon: Chidambaram

  India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P Chidambaram said, part of a series of steps aimed at stabilising the economy to be announced ahead of an election due within seven months.

• Summary of Economic Survey 2013

  India's economy is likely to pick up pace in 2013-14 and could grow at 6.1-6.7 per cent according to the Economic Survey tabled in Parliament on Wednesday. Here is a summary of the key points in the Survey.

• High inflation may moderate in 2013; to prompt RBI rate cut

  Inflation may moderate in the New Year on easing of supply constraints after remaining stubbornly high for the whole of 2012 despite efforts by the government and the Reserve Bank to check rising prices of food items.

• July inflation falls to 32-month low on lower food, fuel prices

  Inflation fell but economists were not convinced it would be enough to persuade the RBI to cut rates. While fuel and food inflation cooled, a pickup in manufacturing price pressures pushed core inflation up to around 5.44 per cent from 4.9 per cent in June, economists estimated.

• Markets Weekahead: Commodity earnings key for Indian stocks

  On the economic front, Indian inflation data will be key as investors fear a weak monsoon is keeping food prices high at a time of continued signs of slowing economic growth. Investors are also awaiting policy initiatives from the government after Finance Minister P. Chidambaram promised to unveil fiscal consolidation steps.

• 'Deliberate distortion' of my comments, says Chidambaram: Full statement

  Home Minister P Chidambaram while addressing a press conference in Bangalore yesterday had made a comment that people were prepared to pay Rs 15 for a bottle of water and Rs 20 for a cone ice-cream, but protest against rise in wheat and rice price. However today, the Union Minister issued a press statement to clarify his stand.

• Citizens willing to pay Rs 15 for bottle of water, but won't pay Rs 1 more for a kilo of rice: Chidambaram

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• BJP slams government over split views on inflation

  The Bharatiya Janata Party (BJP) attacked Union Home Minister P Chidambaram today over his remarks on inflation alleging that it exposed fissures in the Union Cabinet and the Congress over the sensitive issue of price rise.The BJP's attack came after Chidambaram voiced his concern over spiralling prices. The former finance minister had said "there ...