The RBI has in unequivocal terms said people should be prepared to live in a high-inflation regime and has itself revised the inflation rate for March 2011 from 5.5 to seven per cent. Even the growth rate has been maintained at 8.5 per cent, but with an upward bias for 2010-11. This is less than the 8.9 per cent growth witnessed in the first half of 2010-11. Since then the upside risks have increased, RBI governor D. Subbarao said Tuesday.

President Pratibha Patil will confer the Ashok Chakra — the country’s highest gallantry award in peacetime — posthumously on Major Laishram Jyotin Singh of the Army Medical Corps on Republic Day this year for his act of gallantry in Kabul during an attack by terrorists in February 2010.

Former national security adviser Brajesh Mishra, Planning Commis-sion deputy chairman Montek Singh Ahluwalia and noted metallurgist P. Rama Rao were amongst the 13 people awarded the Padma Vibhushan, the second highest civilian award. The awards were announced Tuesday. The others are Kapila Vatsyayan, Homai

An additional district collector was burnt alive by members of an oil mafia in the vicinity of the Panewadi oil depot near Manmad town in Nashik on Tuesday. The area is infamous for oil and kerosene adulteration.

The Delhi high court on Tuesday came down heavily on the Delhi government and the Delhi Electricity Regulatory Commission (DERC) after the perusal of a file in connection with the appointment of members of the power regulator, saying “it is not a happy state of affairs.”

The Delhi high court has directed a sessions court to conduct a trial afresh in a six-year-old dowry death case after taking a serious view of the lower court which had acquitted three members of a family without recording the testimony of the complainant in the case.

Chief minister Sheila Dikshit on Tuesday distributed Unique Identification (UID) number to residents from the weaker sections under the “Adhar” project at a function at Chhatrasal Stadium in the city on the eve of the Republic Day. She also handed over bank passbooks to them.

A day after the MCD standing committee chairman discussed the proposal about asking the tenants in some areas to share the burden of property tax, the Congress councillors on Tuesday demanded that the tenants staying in custodian properties, both residential and non-residential, should be given ownership rights.

A joint commissioner of police and 17 other Delhi police personnel were on Tuesday selected for the prestigious President’s police medals for gallantry, distinguished and meritorious services.

At least five members of a gang of illegal Bangladeshi migrants have been arrested by the east Delhi police for their alleged involvement in a dacoity at Anand Vihar in December 2010. The police said that the dacoits used the same modus operandi that had been used by some Bangladeshi gangs earlier.