Archive

Posts Tagged ‘Reserve Bank of India’

Thousands in India protest increasing food prices

February 25, 2011 Comments off

NEW DELHI — Tens of thousands of trade unionists, including those from a group linked to India’s ruling party, marched through the streets of the capital on Wednesday to protest food prices, piling pressure on a government already under fire over graft. The demonstration in New Delhi was the latest in a wave of protests sweeping across the world, including the Middle East and Africa, ignited by a worldwide spike in food prices.

India, Asia’s third-largest economy and home to more than a billion people, has been grappling with double-digit food inflation. Hundreds of millions of poor have been hit the hardest.

In one of the largest anti-government protests in New Delhi in recent years, at least 50,000 people representing trade unions from the country’s political parties marched through the center of the capital towards the parliament building. In a sea of red flags and hats bearing their union name, protesters chanted Read more…