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RISING INFLATION SPURS ACTION (Government of India cuts duties on petroleum products and on iron and steel as well).

Asia Africa Intelligence Wire

| August 21, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The annual rate of inflation on a point-to-point basis increased to 7.96 percent for the week ended 7 Aug 2004 mainly owing to the increasing prices of petroleum products.

The Government of India has initiated action to check the …

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