-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...
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Government in talks with key stakeholders on plan to double farm incomes by 2022 -Sayantan Bera
-Livemint.com The broad approach will be to raise net farm incomes per unit by reducing costs of cultivation, increasing yields and ensuring higher market returns on the produce New Delhi: In a bid to draw up a plan on ways to double farmer incomes by 2022, the agriculture ministry is holding a series of consultations, seeking suggestions from stakeholders ranging from seed and fertilizer associations to research organizations and farmers. The wide ranging...
More »Pricier food, fuel push WPI inflation to 39-month high -Surabhi
-The Hindu Retail inflation too inches up in February New Delhi: Retail and farm gate prices surged in February as food articles and fuel products became more expensive. Data released on Tuesday revealed that consumer price index (CPI) based inflation rose to a four-month high of 3.65 per cent in February this year as against 3.17 per cent in January. It was, however, much higher at 5.26 per cent in February last year. Meanwhile,...
More »From Plate to Plough: A finger on the pulses -Ashok Gulati
-The Indian Express Government must give a level playing field by removing restrictions on markets and exports Last year, roughly at this time, the price of tur dal (split pigeon pea) in the retail market was hovering around Rs 180/kg. The prices of other pulses were not far behind. They were all spiralling due to back-to-back droughts during 2014-15 and 2015-16. Production of all pulses had plunged to 16.5 million metric tonnes...
More »India's February WPI inflation firms up to 6.55% -Raj Kumar Ray
-Hindustan Times India’s wholesale price index-based inflation flared up to two-and-a-half years high of 6.55% in February from 5.25% in January mainly due to a spurt in mineral and fuel prices while food prices started rising following rapid remonetisation. The spurt in WPI inflation adds to the worries of a pent up demand after demonetisation which may prompt Reserve Bank of India to keep policy interest rates unchanged for some more months. The...
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