-PTI/ The Hindu Wholesale price index (WPI) based inflation softened to 2.26% in February on the back of cheaper food items and vegetables, the government data showed on Monday. In January, the WPI inflation stood at 3.1% and in the year-ago same period it was at 2.93%, as per the data from the commerce and industry ministry. Please click here to read more. ...
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India's exports fall for fifth straight month in December
-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...
More »Vegetable prices push wholesale inflation to 7-month high in December
-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
More »Bid to extend 15% tax relief duration -R. Suryamurthy
-The Telegraph Lower corporate tax of 15% valid till March 2023 The government is exploring the possibility of extending the duration of the corporate tax relief to new units beyond March 2023. Sources said the commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry. The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could...
More »Wholesale inflation tames to 0.58 per cent
-The Hindu Business Line Consumers bore brunt of more expensive onion, potato and vegetables Wholesale inflation fell to 0.58 per cent in November 2019, down from 4.47 per cent in November 2018. Sequentially, wholesale inflation reported an increase, rising from 0.16 per cent in October 2019, according to a statement by the Ministry of Commerce and Industry. Please click here to read more. ...
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