Saturday, May 19, 2012

Cost of living hits the roof, shop and prices rise 10.3 percent


The IPL woes, continue to hog the headlines today as well. Close on the heels of the fracas over Shah Rukh Khan, the IPL was rocked by another controversy yesterday by allegations of molestation by a Royal Challenger Bangalore player. "First the rude, now the crude", exclaims the Indian Express. "Indian Peril League", rechristens the Mail Today for the beleaguered Premier League. The Times of India headlines, "IPL hat trick: fixing row, brawl, and now molestation charge."
While the Financial Express reports that a policy package to shore up the falling rupee is on the cards, the Hindustan Times informs us "Cost of living hits the roof, shop and prices rise 10.3 percent". Adds the Times of India, "Retail inflation hits double digits in April" and notes that spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation.
The Tribune highlights a story on the report of the Parliamentary panel on the land acquisition issue for private businesses and says "Land acquisition: Ramesh rejects panel's suggestions" while the Business Line reports "Land bill : Anand Sharma opposes barring industry from "Public purpose" purview". 
The Asian Age notes in a lead page story "Rome recalls envoy to Delhi", and adds that the move comes after two Italian marines were charged with the fatal shooting of two Indian fishermen. 
The much hyped social network Facebook IPO is also highlighted by the newspapers. "Friday Block Buster : The Social Network" exclaims the Financial Express. However, the Mail Today observes "Facebooks 16 billion dollar pubic offer fizzles on debut". The Times of India adds "Facebook shares fizzle on NASDAQ's debut after opening eleven percent higher.
And finally, the Pioneer reports that death due to a mosquito bite is an accident and is covered under accidental death insurance, a consumer forum in the national capital has said.

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