INFLATION IN INDIA HIT A NEW HIGH OF 7.41% AS PER DATA PUBLISHED BY GOVT ON 11.4.2008. FOOD PRICES / OIL PRICES / CEMENT / STEEL PRICES ALL CONTRIBUTED TO THE HIGH INFLATION. WITH INCREASING INFLATION AND REDUCING GROWTH RATE ( REVISED DOWNWARDS FROM 8.5 % EARLIER TO LESS THAN 8% NOW BY MOST OF THE ANALYSTS ) THE GOVT OF INDIA IS FACING THE WRATH OF MANY OF ITS COALITION PARTNERS AND ALSO THE OPPOSITION AND THE IRE OF GENERAL PUBLIC. THE GOVT IS LIKELY TO FOLLOW THIS UP WITH MORE TOUGHER ACTIONS ON FISCAL / DUTIES FRONT OVER THE COMING DAYS.