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'Rising prices may push inflation to 8% by March-end'
Rising prices of food items and industrial goods are likely to push inflation to eight per cent in the next six months, much above the RBI"s projection of 5 per cent, global financial services company Nomura has said.

Cool head in Eden
As with all the bad news from Iraq and Af-Pak, sooner or later the bad news on the climate acquires a stultifying sameness. Only when a surge is in sight — troop surge, storm surge — does one’s news radar jolt awake momentarily. The cause of this deadened state is not an unassimilable surfeit of information, rather, it is a shortage of the right sort of information. Despite the barrage of news and opinion, we don’t know enough to figure out what the right questions are. Without that foundation, our knowledge rests on a bog, into which it is liable to settle with a gentle burp or two of greenhouse gas (or, hot air).

News of the day

Private fuel retailers hope for rescue by Parikh panel
Private sector fuel retailers Reliance Industries Ltd (RIL) and Essar Oil are varying prices of petrol and diesel from state to state to ensure that losses and profits are balanced. This even as they struggle to retain market share in the face of stiff competition from state oil companies, which can sell fuel at less than the cost as they are compensated for this by the government.
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Oz condemns Indian's killing; police say attack not racial

Australian authorities today "unreservedly" condemned the killing of an Indian youth here calling his stabbing a heinous crime even as police claimed there was no evidence to suggest that it was a racial attack. - Job loss, Aussie attacks kept Overseas ministry on toes - Cox & Kings" Aussie arm acquires 2 firms - Australia happy with security, will take part in Delhi Games - 12 journalists killed in South Asia in 2009; one in India - Raipur businessmen in panic after daylight killing - National Australia Bank to buy Axa Asia, trumping AMP 21-year-old Nitin Garg, an accounting graduate who was originally from Punjab, died after he was stabbed yesterday in West Footscray area. He was the first to die in a slew of attacks on Indians in Australia. "I obviously unreservedly condemn this attack," Deputy Prime Minister Julia Gillard said. "People in Melbourne"s west, people around the nation, I think they will be joining together to say we unreservedly condemn this violence." Gillard said police should now be allowed to carry out their investigation. "This is a nation that welcomes international students," she said. "We want to make them welcome, this is a welcoming and accepting country." Condemning the killing of Garg, Victorian Acting Premier Rob Hulls said "the tragic death of a young Indian lad is ... Abhorrent, it is a heinous crime and it is something that the police are putting all resources into investigating and finding the culprit." Victorian police, meanwhile, denied any racism angle in the killing of the Indian youth, claiming that there was no evidence to suggest it was a racially-motivated attack.


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