Combined inflation for urban and rural areas declined to 8.28% in May 2014, from 8.59% in April 2014. Inflation in urban areas declined marginally to 7.55% in May from 7.69% in April. Food inflation in urban areas declined marginally to 7.94% in May from 8.29% in April. There was a significant decline in inflation for vegetables in urban areas—to 5.35% in May from 11.42% in April. Inflation related to fuel & power declined to 3.89% in May from 4.53% in April. Inflation for housing was lower at 9.18%. Inflation for clothing fell to 7.58% and miscellaneous items increased marginally to 6.62%.
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The Bombay High Court allowed the Maharashtra government to intervene in a public interest litigation about the problems faced by mediclaim policyholders. The government told a Bench headed by Chief Justice Mohit Shah that it wanted to intervene to protect its own scheme, Rajiv Gandhi Jeevandayi Arogya Yojnaa, meant for persons below the poverty line. The Bench allowed the government to intervene, adjourning the hearing of the PIL, filed by city-based activist Gaurang Damani, for three weeks.
Earlier, the Court had asked the Insurance Regulatory and Development Authority to find out whether the insurance firms had issued guidelines to third-party administrators (TPAs) on how to recommend claim amounts for mediclaim and other health insurance policies.