Inflation dips to 7.06 pc
New Delhi: The annual wholesale price index-based inflation rate came down to 7.06 per cent for the week ended October 30, from the previous week's level of 7.38 per cent. It was 5.55 per cent in the year-ago period.

During the latest reported week, the year-on-year inflation rate declined due to a high statistical base from a year ago, even as prices of food and manufactured products rose over the week, according to data released by the Ministry of Commerce and Industry.
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Car sales up 31 pc in Oct
New Delhi: Passenger car sales jumped by 31.2 per cent in October 2004 and a total of 73,770 units were sold in October over 56,222 units last October, according to data released by the Society of Indian Automotive Manufacturers (SIAM).

Maruti Udyog's sales jumped the highest by 33.7 per cent at 37,544 units, while Hyundai Motor India posted a 17 per cent rise in sales at 13,239 units. Tata Motors registered a jump of 40.5 per cent at 13,332 units.

However, the increase October sales was just 4.6 per cent against September 2004 sales of 70,492 units.
Meanwhile, two-wheeler sales went up by 6.71 per cent to 591,002 units in October.
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AP to spread social safety net plan
Hyderabad: The Andhra Pradesh Government has plans to spread its 'social safety net programme' (SSNP) wider by covering 7,500 more employees who have gone on VRS by March 2006.

The SSNP, a wing of the implementation secretariat entrusted with the task of public sector reforms in the state, is aimed at addressing the impact of job-loss trauma, an outcome of downsizing the enterprises. It focuses on skill improvement and prepares the retired staff to take self-employment projects.

The SSNP programme has so far covered 5,500 people who took VRS. Over 2,000 people were given VRS so far in Andhra Pradesh after public sector reforms began.
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