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Retail inflation rises to 10.79% in January

In urban areas, retail inflation rose to 10.73% in January from 10.42% in the previous month. The Consumer Price Index for rural population increased to 10.88% during the month from 10.74% in December

India’s retail inflation rose to 10.79% in January, on higher prices of vegetables, edible oil, cereals and protein-based items. The retail inflation had stood at 10.56% in December, 9.90% in November and 9.75% in October 2012.

 

In urban areas, retail inflation rose to 10.73% in January from 10.42% in the previous month. The Consumer Price Index (CPI) for rural population increased to 10.88% during the month from 10.74% in December.

 

The vegetables basket recorded the highest inflation of 26.11% among all the constituents that make the CPI.

 

This was followed by the oil and fats segment at 14.98%. Meat, fish and egg became 13.73% more costly during the month.

 

While, cereals and pulses became dearer by 14.9% and 12.76%, respectively on an annual basis, sugar rose by 12.95%.

 

Clothing and footwear witnessed an 11% increase in prices.

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Fake bail bond scam: CBI files charge-sheet against 12 RPF personnel

The CBI, after being pulled up by the Bombay High Court on several occasions for its slow probe, has finally filed a charge-sheet against 12 RPF personnel in the fake bail bond scam at Kurla station

The Central Bureau of Investigation (CBI) on Monday informed the Bombay High Court that it has filed a charge-sheet against 12 personnel from the Railway Protection Force (RPF) in the fake bail bond scam.

 

A division bench of justices AM Khanwilkar and KK Tated was hearing a public interest litigation (PIL) filed by social activist Samir Zaveri alleging that certain RPF personnel were releasing persons booked for trespassing and crossing railway tracks on fake cash bail bonds.

 

In August 2011, the high court transferred investigation in the case to CBI following allegations of shoddy probe by the Government Railway Police (GRP).

 

The CBI told the HC that it has evidence against 27 persons and had applied for sanction to prosecute the remaining 15. After obtaining the sanction, the CBI said it would file a supplementary charge-sheet against these 15 persons.

 

Last month, additional solicitor general Kevic Setalvad, appearing for the CBI, told the court that the  investigating agency has sufficient evidence against nine officials who are the main accused and out of the nine, it needed sanction for prosecution from the government for five officers.

 

In his PIL, Zaveri had alleged that a head constable acted as a magistrate and granted bail to the alleged offenders and the money collected was misappropriated by the RPF personnel themselves.

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