Indian inflation to grow in July
Updated: 2010-07-20 10
By Tushar Dhara (China Daily)
NEW DELHI - India's inflation will accelerate in July, the government's top statistician said, increasing pressure on the central bank to raise interest rates next week for a fourth time in five months.
"The inflation number in July will be higher than in June, in large measure because of what has happened to fuel prices," said T.C.A. Anant, without providing details.
Prime Minister Manmohan Singh's government on June 25 allowed state-run refiners including Indian Oil Corp to raise prices of gasoline and diesel in a bid to cut its oil subsidy and narrow the budget deficit.
Governor Duvvuri Subbarao is due to announce the next monetary policy decision on July 27.
"The full impact of the fuel price revision on inflation numbers is yet to be seen," the New Delhi-based Federation of Indian Chambers of Commerce & Industry said in a report on July 17.
Wimbledon semifinalist Li Na led host China to capture the team tennis title on Tuesday at the Asian Games, accomplishing her Asiad tour with three consecutive victories.
Born into a family of doctors, Maxime became interested in Traditional Chinese Medicine (TCM) at the age of 12, after hearing about TCM theories such as health preservation and recuperation.
Acupuncture and Peking Opera have been selected as candidates for UNESCO intangible cultural heritage status.
A groom carries his bride from a wedding coach in Xuchang, Henan province, Nov 11, 2010. Produced a local factory, various original hand-made wedding carriages were displayed on the streets, attracting young people chasing fashion and an environment-friendly lifestyle.