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Puneet kaurPuneet kaur

Household expects inflation at 11.9% by Household expects inflation at 11.9% by june:RBI surveyjune:RBI survey

Although the Government expects inflation to Although the Government expects inflation to moderate to about 5.5 per cent by March 2010, a moderate to about 5.5 per cent by March 2010, a survey by the Reserve Bank has found that survey by the Reserve Bank has found that households expect it to rise to almost 12 per cent by households expect it to rise to almost 12 per cent by next June. next June.

High demand of Pak,Chinese onions hit High demand of Pak,Chinese onions hit india’s export by 33%india’s export by 33%

India's onion exports fell by 33 per cent to 94,800 India's onion exports fell by 33 per cent to 94,800 tonnes in September on the back of higher demand tonnes in September on the back of higher demand and lower prices of Pakistani and Chinese onions in and lower prices of Pakistani and Chinese onions in the overseas markets. the overseas markets.

INDIA, US talking export curbs on high-INDIA, US talking export curbs on high-tech itemstech items

Finance Minister Pranab Mukherjee said that India Finance Minister Pranab Mukherjee said that India has taken up with the US the issue of export control has taken up with the US the issue of export control in high-technology trade. in high-technology trade.

Taxes on tobacco in INDIA lowest in Taxes on tobacco in INDIA lowest in ASIA-PACIFICASIA-PACIFIC

Tax levied by India on tobacco products is among the Tax levied by India on tobacco products is among the lowest in the entire Asia Pacific region, and at lowest in the entire Asia Pacific region, and at variance with the World Health Organization’s variance with the World Health Organization’s norms. norms.

Crop loan refinancing is set to jump 54%Crop loan refinancing is set to jump 54%

Crop loan refinancing is set to jump 54% on a Crop loan refinancing is set to jump 54% on a planting surge, following bountiful monsoon that planting surge, following bountiful monsoon that prompted the National Bank for Agriculture and prompted the National Bank for Agriculture and Rural Development (Nabard) to seek more Rural Development (Nabard) to seek more government funding. government funding.

ANDHRA passes law to regulate MFIsANDHRA passes law to regulate MFIs

THE Andhra Pradesh government on Thursday THE Andhra Pradesh government on Thursday approved a law that will regulate microfinance firms, approved a law that will regulate microfinance firms, or MFIs, complicating efforts to resolve the suddenly or MFIs, complicating efforts to resolve the suddenly resurgent issue of the interest rates poor borrowers resurgent issue of the interest rates poor borrowers need to pay for taking loans. need to pay for taking loans.