July 14 (Reuters) – India’s wholesale price inflation will ease to 5 percent to 6 percent by December, deputy chairman of planning commission Montek Singh Ahluwalia told reporters on Wednesday.
While India is on track to grow at 8.5 percent in the fiscal year that ends in March 2011, it is grappling with wholesale price index (WPI) inflation that has hit 10.55 percent in June.
Markets widely expect India’s central bank to raise policy rates by 25 basis points in its scheduled policy review on July 27.
(Reporting by Manoj Kumar; editing by Malini Menon)
Comment sought on Dardanup expansion plans
The Western Australian Planning Commission is calling for public comment on plans to expand the Dardanup townsite.
The commission wants to convert more than 100 hectares of rural land to expand the town’s residential area.
Dardanup has a population of about 400 but that figure is expected to grow to 2,000 by 2031.
The public can inspect the plans at the Department of Planning in Bunbury and at council offices in Bunbury, Harvey, Dardanup and Capel.
Submissions close on April 21.