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UAE removes ban on Indian poultry
Mumbai:
The United Arab Emirates (UAE) has removed the ban on import of eggs and other poultry products from India with the UAE minister for environment and water Mohammed Saeed Al Kindi issuing an administrative decree lifting the ban imposed on the importing of live birds and poultry products from countries hit by bird flu the official Emirates news agency reported yesterday.

It said the ministry's decision to lift the ban was based on information from the World Organisation for Animal Health which gave India a clean chit for the safety measures taken to get bird flu under total control. The decision was also based on coordination among the ministry, the National Emergency Committee and the General Secretariat of UAE municipalities.

The UAE had imposed the ban in February 2006, following the avian flu outbreak reported in India. Other Gulf countries like Muscat and Doha also had banned Indian poultry following the outbreak, but it was lifted last year following an official declaration from OIE (Organisation of Internationale Epidemia or the World Organisation of Animal Health) on India's poultry disease free-status, sources said.
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Inflation falls below 5-per cent mark
New Delhi:
WPI based inflation fell to 4.85 per cent for the week ended May 26 as against 5.06per cent the week before.

The drop is attributed to a fall in prices of essential food items like pulses, fruits and vegetables and the higher base of the wholesale price index at the same time in 2006.

The inflation rate has dropped below the 5-per cent mark after a gap of 10 months.

The inflation rate at around the same time last year was 4.99 per cent.

The Reserve Bank of India has set an inflation target of 5 per cent for this financial year. Even though the inflation rate is under control, continued rise of liquidity in the system because of the RBI's purchase of dollar keeps the possibility of some intervention by the central bank alive.
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domain-B : Indian business : News Review : 9 June 2007 : general