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India Takes Steps to Check Rising Food Prices

India’s government has announced measures to control rising food prices.  The government came to power last month on promises of reining in inflation, but a spike in food and fuel prices pose a challenge.   As inflation in the month of May climbed to six percent, the government promised immediate action to keep a lid on food prices.   Finance Minister Arun Jaitley says the government will impose restrictions on hoarding, the export of some items, and will track prices of...

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