Inflation down to 3.04
per cent
New Delhi:
Pressure on commodities' prices eased further as inflation was at
18-months' low of 3.04 per cent in the week ended October 13
compared to 7.20 per cent in the corresponding period a year ago,
despite an over seven per cent rise in the price of vegetables.
The point-to-point inflation as measured by Wholesale Price Index
(WPI) again fell by 0.14 per cent from the previous week's figure
of 3.18 per cent, even as there was considerable price hike for
fruits, mutton, milk and eggs.
However, rate of change in prices with base year 1992-93 was
contained mainly on account of relatively strong downward pull by
tea, fish-marine, soyabean, jowar, maize, textile products, bajra
and barley.
The WPI, during the period, rose marginally by 0.1 per cent to
162.6 from 162.4 in the previous week and the index was 157.8 in
the year ago period.
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Welfare
fund for Indian overseas workers soon
New Delhi:
Government will soon create a Welfare Fund for overseas Indian
workers to help in repatriating those stranded in foreign
countries, Labour Minister Sharad Yadav said today.
The Fund will also be utilized for providing financial assistance
to the kin of workers who die during foreign employment, meeting
cost of transporting home bodies of workers who die abroad and
providing lump sum assistance to workers permanently disabled
while in employment outside the country.
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