Food inflation surges to 9.01 pct

In the previous week,annual food inflation stood at 8.06 per cent.

India’s food price index rose 9.01 per cent and the fuel price index climbed 12.46 per cent in the year to May 28,government data showed on Thursday.

In the previous week,annual food and fuel inflation stood at 8.06 per cent and 12.54 per cent respectively.

The primary articles price index was up 11.52 per cent,compared with an annual rise of 10.87 per cent a week earlier.

The weekly food inflation has eased after staying in double digits for much of 2010,but headline inflation at 8.66 per cent in April remains considerably above the central bank’s comfort level and is seen pressuring interest rates higher.

Nepal’s Home Minister Ramesh Lekhak resigns after 19 killed in ‘Gen Z’ protests

World4 hr ago

Nepal's Home Minister Ramesh Lekhak has resigned after 19 people died during youth-led protests demanding reforms and accountability. The protests spread across major cities and police opened fire on demonstrators. Lekhak tendered his resignation to Prime Minister KP Sharma Oli during a Cabinet meeting, following calls from Nepali Congress leaders earlier in the day.

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