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The state owned oil groups may select to modify the petrol prices each fortnight to mirror amendments in the global oil market in the free pricing establishment that gears up from the next week.

Petrol prices were made untied from the government jurisdiction in the previous month ensuing in an Rs 3.50 per liter inclination in the rates prevailing in Delhi, but   the modalities of consecutive retail price modification were missing in the industry to mull over and decide.

For the week ending June 26 the food inflation dived down to 12.63% on the low priced potatoes and onions, however the same has pushed in some sigh of relief to the consumers as the fuel inflation busted up by 18.02%, putting the pressure on complete prices. During the previous week the food inflation was swinging at 12.92% and fuel inflation on 12.09%.

Reciting the hike in fuel inflation which was almost expected, DK Joshi, the chief economist of Crisil, voiced that this shall be mirrored in the complete inflation statistics by July, if not June.

Amidst the jostle of keeping pace with the growing uncertainties, and proceed with the forecast for the global economic growth this year, the International Monetary Fund has astonishingly advanced its forecast for the same.

Moving further in the same arena the IMF has also toasted its prospects for the commodity prices, in spite of the mounting distress which is bringing dilemma in European nation that might ignite the chances of a second world financial crunch.

There is no denying of the fact that it has been quite a long time since the UV maker M&M has been keen on entering the US market with its pick-up trucks made on the Scorpio platform but the company hasn't been able to do so due to a host of hurdles.

With the latest being the lawsuit filed by its authorised exclusive distributor which has accused the company of missing two deadlines and taking too much time for entering the US market, the company has recently said that its entry will now be dependent on the outcome of the lawsuit.

The P K Ruia group ha

According to the European Commission, lower birth rates of Europe and the ageing population have made it imperative for the EU members to overhaul the pension systems. A report from the Commission suggests automatic adjustment for the age of retirement age because the life expectancy has increased in Europe.

Some of the states of EU have implemented this system. The EU Employment Commissioner, Laszlo Andor has said that the current situation over the pension is simply unsustainable.