NEW DELHI (Reuters) – Angry lawmakers disrupted parliament on Tuesday over the killing of farmers protesting against land being acquired for a highway, reviving a debate over farm interests and the need for industrialisation.

At least three farmers were killed in Uttar Pradesh on Saturday when police fired at protesters demanding more compensation for land taken to build a $2 billion six-lane highway to connect the Taj Mahal city of Agra with New Delhi.

NEW DELHI, Aug 17 (Reuters) – Angry Indian lawmakers
disrupted parliament on Tuesday over the killing of farmers
protesting against land being acquired for a highway, reviving
a debate over farm interests and the need for
industrialisation.

At least three farmers were killed in northern Uttar
Pradesh state on Saturday when police fired at protesters
demanding more compensation for land taken to build a $2
billion six-lane highway to connect the Taj Mahal city of Agra
with New Delhi.

NEW DELHI (Reuters) – Inflation should ease faster than expected by the Reserve Bank, as past actions take effect, and this will reduce the pressure to further tighten monetary policy, a top government adviser said.

Montek Singh Ahluwalia, the deputy chairman of the Planning Commission, said wholesale price inflation would fall to 6 percent by December compared with 10.55 percent in June. The central bank expects that level only by end March 2011.

NEW DELHI (Reuters) – The headline inflation should ease faster than expected by the Reserve Bank of India (RBI), as past actions take effect, and this will reduce the pressure to further tighten monetary policy, a top government adviser said.

Montek Singh Ahluwalia, the deputy chairman of the Planning Commission, said wholesale price inflation would fall to 6 percent by December compared with 10.55 percent in June. The central bank expects that level only by end March 2011.

NEW DELHI, Aug 11 (Reuters) – India’s headline inflation
should ease faster than expected by the central bank, as past
actions take effect, and this will reduce the pressure to
further tighten monetary policy, a top government adviser said.

Montek Singh Ahluwalia, the deputy chairman of the Planning
Commission, said wholesale price inflation INWPI=ECI would
fall to 6 percent by December compared with 10.55 percent in
June. The central bank expects that level only by end March
2011.

NEW DELHI (Reuters) – The impact of the action taken by the government and the Reserve Bank of India to tame inflation will be seen in the second half of the current fiscal year to end-March, Planning Commission deputy chairman Montek Singh Ahluwalia said on Tuesday.

The top adviser also said any further short-term policy calibration would depend on the evolving macroeconomic situation.

NEW DELHI (Reuters) – The impact of the action taken by the government and the Reserve Bank of India (RBI) to tame inflation will be seen in the second half of the current fiscal year to end-March, a top government adviser said on Tuesday.

Planning Commission deputy chairman Montek Singh Ahluwalia also said any further short-term policy calibration would depend on the evolving macroeconomic situation.

NEW DELHI (Reuters) – The government’s most ambitious indirect tax reform is at serious risk of missing another deadline following failure so far to win opposition support for a bill crucial for business and public finances.

The Congress party-led coalition government had placed much of its political capital over the past year seeking to pass in the current parliament session a nationwide goods and services tax (GST) bill that would on April 1, 2011 replace existing levies such as excise duty, service tax and value-added tax.

NEW DELHI, Aug 9 (Reuters) – India’s most ambitious
indirect tax reform is at serious risk of missing another
deadline following failure so far to win opposition support for
a bill crucial for business and public finances.

The Congress party-led coalition government had placed much
of its political capital over the past year seeking to pass in
the current parliament session a nationwide goods and services
tax (GST) bill that would on April 1, 2011 replace existing
levies such as excise duty, service tax and value-added tax.

CHENNAI, India (Reuters) – The Reserve Bank of India has taken adequate measures to manage inflation and expects food inflation to ease on good monsoon rains, a deputy governor at the central bank said on Friday.

The statement calmed markets that had feared further steep rate hikes to rein in double-digit inflation. It also echoed the views of government officials who have said price rises would ease with normal monsoon rains despite a record of forecasts that have underestimated inflation.