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Letters: Blame it on NREGS
At last, there is an official admission that there is double-digit inflation in food articles, even according to the Wholesale Price Index. Till about a few weeks ago, this was downplayed on the ground that the total index showed a low inflation level; there was even a fear about deflation setting in! There was a standard, perhaps funny, explanation that the high inflation rate was due to the low base effect. One hears this nonsensical explanation only in India. One would not find it in any article on the subject in an internationally-recognised professional journal. This is an arithmetical and not an economic or technical explanation of the problem.

Hiring activity in Kolkata down 3 per cent in July
Hiring activity in Kolkata declined by 3 per cent in July compared to June this year, according to a Naukri JobSpeak, the monthly job index released by Naukri.com. The index moved from 775 in June to 750 in July. However, market sentiment remains positive with recruitment index expected to move up post September.

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Dinakaran case: Lawyers in Karna HC abstain from court
Several Karnataka High Court lawyers today protested against continuance of Chief Justice P D Dinakaran, facing allegations of land grabbing, forcing him to suspend the proceedings and leave the hall.
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MCL's pipe water supply scheme faces delay

The Rs 22.21 crore pipe water supply scheme for 41 villages of Talcher, being funded entirely by Mahanadi Coalfields Limited (MCL), has got delayed. - Better pricing drew more fliers in Apr - A political storyboard - Newsmaker: Sunil Bharti Mittal">Newsmaker: Sunil Bharti Mittal - Orissa neglected in UPA ministry: Naveen - Aditya Birla group company to set up 10 mt captive port at Chudamani - Nirula"s open outlet in Pathankot The delay is due to the non-release of the second installment amount of Rs 10 crore meant for the scheme by the company, according to the officials of the state rural water supply department. However, MCL authorities said that they could not release the second installment before the submission of the joint inspection report which is as per the agreement between the coal company and the Orissa government. Both MCL and engineers of the rural water supply department are to submit a joint report on the utilization of the first installment money, an MCL official told Business standard. An agreement was signed between the state government and MCL in January 2006 to supply pipe water to 41 villages of Talcher within 30 months. The work was to be completed with an estimated cost of RS 22.21 crore and the cost of the project was to be borne entirely by the coal company. According to officials of the state rural water supply department, MCL had released Rs 6.20 crore in March 2006 as the first installment for procuring pipes for the scheme. The state authorities claimed that they had utilized this fund for completing the water supply scheme meant for two villages- Danara and Natid and also procured some equipment. “Now we want the second installment of Rs 10 crore and a request for this amount was made in 2008”, said an official of the state rural water supply department. The certificate showing utilisation of the amount under the first installment was produced before MCL in August last year but the company is yet to release the second installment of Rs 10 crore as per the agreement, thereby delaying the project, claimed the official.


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