-PTI Crude oil and natural gas contract; the previous low of 0.9% was recorded in December 2015 New Delhi: The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery products, fertilisers and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 9.4% in...
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Wholesale prices up 5.25% year-on-year in January -Kirtika Suneja
-The Economic Times NEW DELHI: India's wholesale inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released by commerce and industry ministry on Tuesday showed WPI inflation at 5.25% compared with 3.39% in December. Fuel and power inflation rose 18.14% in January from 8.65% in December. WPI inflation in manufactured products, which has a 64.97% weight in the index, increased...
More »Oil mills in Modi backyard idle minus cash -Basant Rawat
-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
More »Demonetisation: Centre sends teams to study impact -B Muralidhar Reddy
-The Hindu The decision is intended to convey that there is no going back on Narendra Modi’s announcement. New Delhi: Having resolved to stay the course and see through the implementation of the Prime Minister’s decision on withdrawal of 500- and 1000-rupee notes from circulation, the Union Government late on Friday night announced that a team of officials from the centre was being rushed to different States for a spot assessment of...
More »WTO meet: India calls for level playing field in agri-trade
-PTI New Delhi: India has called for creating a level playing field for developing countries in agri-trade to safeguard livelihood of millions of poor farmers. The issue, among others, was discussed during the mini-ministerial gathering of key Trade Ministers of WTO in Oslo on October 21-22. Commerce and Industry Minister Nirmala Sitharaman represented India. In the meeting, she “underlined the need for creating a level playing field for the developing countries in agricultural trade...
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