Inflation Rises To 5-Month High At 7.4%

India's retail inflation accelerated to 7.41 per cent in September on higher food and energy costs, the highest since April and above the upper end of the RBI's 2-6 per cent tolerance band in each month this year..The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, I&B Minister Anurag Thakur said on Wednesday. The Supreme Court said on Wednesday it is aware of the "Lakshman Rekha'' on judicial review of government policy decisions but will have to examine the 2016 demonetisation decision to decide whether the issue has become a mere "academic" exercise.