Food inflation declined to a one-year low of 12.3% but the government remains concerned about the slowing pace of decline. State-run fuel retailers like IOC are considering raising petrol prices by 35 paise per liter this week due to higher crude oil prices. The US commerce secretary criticized India's complicated FDI rules and non-tariff barriers like import licenses and local content requirements. The government plans to provide compensation and annuity incomes to displaced families from the day mining blocks are allocated.