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RBI can hike interest rates: Rangarajan
The Prime Minister"s Economic Advisory Council Chairman C Rangarajan today suggested that the Reserve Bank of India (RBI) could reduce money supply and raise interest rates to tame the rising prices of food articles.

Sensex gains most in 11 weeks, up 4.27%
Stock markets were propelled by robust industrial growth data, the government’s reform initiatives and strong global markets. The Sensex ended the week higher by 690.55 points, or 4.27 per cent, at 16,848.83, while the Nifty closed at 4,998.95, up 202.80 points, or 4.23 per cent.

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Royal Enfield launches two bikes
Eicher Motors Group company Royal Enfield today launched two bikes, Classic 350 and Classic 500, priced at Rs 98,086 and Rs 1.25 lakh (ex-showroom Delhi) respectively.
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Railways to change land policy

The railway ministry is contemplating new policies for land acquisition, including job offers, for the displaced landowners, Railway Minister and Trinamool Congress chief Mamata Banerjee said in the Lok Sabha. - Bengal seeks firm rly plan on singur - Jagan joins TDP protests on Telangana - Cracks in Cong over Telangana out in the open - Insurance, pension bills face delay - White paper on Rly"s financial health likely on Dec 21 - PM, Cong brass assure non-Telangana MPs Replying to a debate on the supplementary demand for grants, Banerjee also said that her ministry was preparing alternative plans for projects so that if land was not available in a particular area, alternative sites could be used. Banerjee also said her ministry would save Rs 1,500 crore during the current financial year from the austerity drive initiated by the UPA government. The railway minister also feels it is better to delay a project for a few months than trying to forcibly acquire land. “What is the harm if a project takes two or four months more to start? We don’t want to force people to give up land. We don’t want to fight with people,” Banerjee said today.


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