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August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
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AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
Show AI Summary
Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
Show AI Summary
Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
Show AI Summary
Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
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MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
August 11, 2026
Show AI Summary
Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
August 11, 2026
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Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
August 11, 2026
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Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
August 11, 2026
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Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.

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News and Press Release

Index Numbers of Wholesale Price in India (Base: 2011-12=100) Review for the month of January, 2018

February 15, 2018

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The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of January, 2018 rose by 0.1 percent to 115.8 (provisional) from 115.7 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 2.84% (provisional) for the month of January, 2018 (over January, 2017) as compared to 3.58% (provisional) for the previous month and 4.26% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.30% compared to a build up rate of 4.55% in the corresponding period of the previous year

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 22.62%)

The index for this major group declined by 1.5 percent to 129.7 (provisional) from 131.7 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group declined by 2.4 percent to 140.6 (provisional) from 144.1 (provisional) for the previous month due to lower price of gram and fruits & vegetables (10% each), urad and ragi (5% each), masur, rajma and jowar (3% each), bajra (2%) and maize, barley, poultry chicken and peas/chawali (1% each).  However, the price of betel leaves (4%), fish-inland, egg, condiments & spices and arhar (2% each) and moong, paddy, fish-marine, sugarcane and wheat (1% each) moved up.

The index for ‘Non-Food Articles’ group rose by 1.4 percent to 120.7 (provisional) from 119.0 (provisional) for the previous month due to higher price of raw wool (15%), guar seed (10%), soyabean (9%), raw silk and hides (raw) (6% each), safflower (kardi seed) (4%), raw jute, gingelly seed, raw cotton and copra (coconut) (3% each) and coir fibre (1%). However, the price of castor seed and mesta (5% each), raw rubber and floriculture (3% each) and linseed, niger seed and cotton seed (1% each) declined.

The index for ‘Minerals’ group declined by 0.3 percent to 121.9 (provisional) from 122.3 (provisional) for the previous month due to lower price of manganese ore (15%) and chromite (7%).  However, the price of sillimanite (10%), iron ore (3%), lead concentrate and zinc concentrate (2% each) and phosphorite (1%) moved up.

The index for ‘Crude Petroleum & Natural Gas’ group rose by 0.3 percent to 78.3 (provisional) from 78.1 (provisional) for the previous month due to higher price of crude petroleum (1%).  However, the price of natural gas (1%) declined.

FUEL & POWER (Weight 13.15%)

The index for this major group rose by 0.4 percent to 96.9 (provisional) from 96.5 (provisional) for the previous month The groups and items which showed variations during the month are as follows:-

The index for ‘Coal’ group rose by 2.4 percent to 121.1 (provisional) from 118.3 (provisional) for the previous month due to higher price of non-coking coal (6%).  However, the price of coking coal (3%) declined.

The index for ‘Mineral Oils’ group rose by 1.4 percent to 88.2 (provisional) from 87.0 (provisional) for the previous month due to higher price of HSD(3%), kerosene (2%) and furnace oil, bitumen, petrol, naphtha and ATF (1% each).  However, the price of petroleum coke (2%) and LPG (1%) declined.

The index for ‘Electricity’ group declined by 3.5 percent to 102.4 (provisional) from 106.1 (provisional) for the previous month due to lower price of electricity (4%).

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group rose by 0.6 percent to 114.7 (provisional) from 114.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Manufacture of Food Products’ group declined by 0.5 percent to 126.8 (provisional) from 127.4 (provisional) for the previous month due to lower price of molasses (26%), gram powder (besan) (7%), sugar and other meats, preserved/processed (3% each), processing & preserving of fish, crustaceans & molluscs & products thereof, manufacture of macaroni, noodles, couscous & similar farinaceous products, gur, chicken/duck, dressed-fresh/frozen, castor oil, bagasse, buffalo meat, fresh/frozen and groundnut oil (2% each) and rice bran oil, condensed milk, processed tea, ghee, powder milk, spices (including mixed spices), processing & preserving of fruit & vegetables, manufacture of processed ready to eat food, coffee powder with chicory, manufacture of prepared animal feeds and honey (1% each).  However, the price of soyabean oil (5%), wheat bran (4%), rice products (3%), vanaspati,  sunflower oil and salt (2% each) and cotton seed oil, manufacture of starches & starch products, manufacture of bakery products, copra oil, palm oil and sooji (rawa ) (1% each) moved up.

The index for ‘Manufacture of Beverages’ group rose by 0.2 percent to 119.9 (provisional) from 119.7 (provisional) for the previous month due to higher price of wine (2%) and aerated drinks/soft drinks (incl. soft drink concentrates) (1%). However, the price of rectified spirit (2%) and bottled mineral water (1%) declined.

The index for ‘Manufacture of Tobacco Products’ group declined by 0.5 percent to 151.3 (provisional) from 152.1 (provisional) for the previous month due to lower price of other tobacco products (4%).  However, the price of cigarette (3%) and biri (2%) moved up.

The index for ‘Manufacture of Wearing Apparel’ group declined by 0.3 percent to 138.5 (provisional) from 138.9 (provisional) for the previous month due to lower price of manufacture of knitted & crocheted apparel (1%).

The index for ‘Manufacture of Leather and Related Products’ group rose by 0.3 percent to 120.7 (provisional) from 120.3 (provisional) for the previous month due to higher price of gloves of leather (2%) and leather shoe and waterproof footwear (1% each).  However, the price of belt & other articles of leather (2%) and canvas shoes and chrome tanned leather (1% each) declined.

The index for ‘Manufacture of Wood and of Products of Wood and Cork ‘ group rose by 0.4 percent to 130.8 (provisional) from 130.3 (provisional) for the previous month due to higher price of wooden block-compressed or not (7%), lamination wooden sheets/veneer sheets and wood cutting, processed/sized (2% each).  However, the price of wooden box/crate and timber/wooden plank, sawn/resawn (2% each) declined.

The index for ‘Manufacture of Paper and Paper Products’ group rose by 2.5 percent to 121.4 (provisional) from 118.4 (provisional) for the previous month due to higher price of corrugated sheet box (13%), tissue paper (11%), paper carton/box (3%), laminated paper and base paper (2% each) and hard board, map litho paper, pulp board, kraft paper and  card board (1% each).  However, the price of paper bag including craft paper bag (10%), corrugated paper board (4%) and newsprint (1%) declined.

The index for ‘Printing and Reproduction of Recorded Media’ group rose by 0.6 percent to 144.6 (provisional) from 143.7 (provisional) for the previous month due to higher price of hologram (3d) (4%), printed labels/posters/calendars (2%) and printed books, newspaper and printed form & schedule (1% each).

The index for ‘Manufacture of Chemicals and Chemical Products’ group rose by 0.9 percent to 113.8 (provisional) from 112.8 (provisional) for the previous month due to higher price of carbon black (12%), acetic acid and its derivatives and camphor (8% each), sulphuric acid and caustic soda (sodium hydroxide) (7% each), nitric acid, menthol and amine (6% each), ammonia liquid, ammonium sulphate and mono ethyl glycol (5% each), epoxy, liquid and toilet soap (4% each), catalysts, adhesive tape (non-medicinal) and xlpe compound (3% each), ammonia gas, creams & lotions for external application, ethyl acetate, ammonium nitrate, polyester film(metalized)and polyester chips or polyethylene terepthalate (pet) chips (2% each) and hydrogen peroxide, polyethylene, mixed fertilizer, phthalic anhydride, ethylene oxide, organic chemicals, other petrochemical intermediates, dye stuff/dyes incl. dye intermediates and pigments/colours, oleoresin, powder coating material, explosive, insecticide and pesticide, plasticizer, sodium silicate, organic solvent, other inorganic chemicals, soda ash/washing soda and poly vinyl chloride (pvc) (1% each).  However, the price of tooth paste/tooth powder (5%), shampoo (4%) and detergent cake, washing soap cake/bar/powder, phosphoric acid, nitrogenous fertilizer, others, additive, rubber chemicals, gelatine, adhesive excluding gum, agro chemical formulation and paint (1% each) declined.

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 1.1 percent to 121.7 (provisional) from 123.1 (provisional) for the previous month due to lower price of anti-malarial drugs (9%), anti allergic drugs (5%), antibiotics & preparations thereof (4%), vials/ampoule, glass, empty or filled (3%), ayurvedic medicaments (2%) and api & formulations of vitamins (1%).  However, the price of anti cancer drugs (4%), antidiabetic drug excluding insulin (i.e. tolbutam) (3%), simvastatin (2%) and antioxidants, antipyretic, analgesic, anti-inflammatory formulations and antiseptics and disinfectants (1% each) moved up.

The index for ‘Manufacture of Rubber and Plastics Products’ group rose by 0.3 percent to 107.8 (provisional) from 107.5 (provisional) for the previous month due to higher price of 2/3 wheeler rubber tube (4%), polythene film, v belt, conveyer belt (fibre based), plastic furniture and rubberized dipped fabric (3% each), plastic tube (flexible/non-flexible), medium & heavy commercial vehicle tyre, pvc fittings & other accessories, rubber cloth/sheet and plastic tank (2% each) and plastic button, rubber crumb, plastic film, polyester film (non-metalized), rubber tread and rubber moulded goods (1% each). However, the price of tooth brush (3%), 2/3 wheeler tyre, processed rubber, rubber components & parts and tractor tyre (2% each) and polypropylene film, elastic webbing, plastic box/container, acrylic/plastic sheet, solid rubber tyres/wheels and plastic tape (1% each) declined.

The index for ‘Manufacture of other Non-Metallic Mineral Products’ group rose by 2.2 percent to 114.0 (provisional) from 111.6 (provisional) for the previous month due to higher price of graphite rod (44%), porcelain sanitary ware (5%), marble slab, asbestos corrugated sheet and fibre glass incl. sheet (2% each) and cement superfine, granite, railway sleeper, clinker, ordinary portland cement and lime & calcium carbonate (1% each).  However, the price of cement blocks (concrete) (6%), ordinary sheet glass (3%), ceramic tiles (vitrified tiles) (2%) and non ceramic tiles, poles & posts of concrete, stone, chip and plain bricks (1% each) declined.

The index for ‘Manufacture of Basic Metals’ group rose by 3.7 percent to 105.8 (provisional) from 102.0 (provisional) for the previous month due to higher price of MS bright bars (21%), sponge iron/direct reduced iron (DRI) (11%), angles, channels, sections, steel (coated/not) (10%), alloy steel wire rods (8%), MS pencil ingots (6%), hot rolled (HR) coils & sheets, including narrow strip and cold rolled (CR) coils & sheets, including narrow strip (5% each), gp/gc sheet, MS wire rods and mild steel (MS) blooms (4% each), zinc metal/zinc blocks, pig iron and aluminium ingot (3% each), silicomanganese, stainless steel tubes, aluminium alloys, ferrosilicon, stainless steel bars & rods, including flats and  aluminium shapes-bars/rods/flats (2% each) and copper metal/copper rings, ferromanganese, brass metal/sheet/coils, ferrochrome, galvanized iron pipes, MS castings and aluminium metal (1% each).  However, the price of stainless steel coils, strips & sheets and alloy steel castings (1% each) declined.

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 0.9 percent to 111.9 (provisional) from 110.9 (provisional) for the previous month due to higher price of iron/steel hinges (5%), bolts, screws, nuts & nails of iron & steel and pressure cooker (4% each), stainless steel utensils (3%), forged steel rings, steel structures, steel container and metal cutting tools & accessories (2% each) and electrical stamping- laminated or otherwise, steel pipes, tubes & poles, hose pipes in set or otherwise and jigs & fixture (1% each).  However, the price of sanitary fittings of iron & steel (15%) and lock/padlock and aluminium utensils (1% each) declined.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.3 percent to 111.0 (provisional) from 110.7 (provisional) for the previous month due to higher price of scientific time keeping device (2%) and air conditioner, colour TV, watch and electronic printed circuit board (PCB)/micro circuit (1% each).  However, the price of sunglasses (3%) and electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (2%) declined.

The index for ‘Manufacture of Electrical Equipment’ group rose by 0.1 percent to 110.1 (provisional) from 110.0 (provisional) for the previous month due to higher price of jelly filled cables (9%), solenoid valve (8%), pvc insulated cable, rotor/magneto rotor assembly, AC motor, aluminium/alloy conductor and fan (2% each) and meter panel, copper wire, flourescent tube, electric & other meters, generators & alternators, incandescent lamps, electric accumulators and batteries (1% each).   However, the price of rubber insulated cables (7%), light fitting accessories (5%), insulator (2%) and ACSR conductors, electric welding machine, insulating & flexible wire, electric switch gear control/starter, electric wires & cables and aluminium wire (1% each) declined.

The index for ‘Manufacture of Machinery and Equipment’ group declined by 1.0 percent to 108.1 (provisional) from 109.2 (provisional) for the previous month due to lower price of agricultural tractors (13%), conveyors-non-roller type and  pressure vessel & tank for fermentation & other food processing (6% each), separator (5%) and machinery used in the milling industry, chillers, gasket kit, hydraulic equipment, furnaces & ovens, excavator and sugar machinery (1% each). However, the price of cranes (13%), road roller (3%), open end spinning machinery, agriculture implements, pneumatic tools, pump sets without motor and pharmaceutical machinery (2% each) and precision machinery equipment/form tools, motor starter, rice mill machinery, roller & ball bearings, manufacture of bearings, gears, gearing & driving elements, air filters, mixing machine, printing machinery and mining, quarrying & metallurgical machinery/parts (1% each) moved up.

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.4 percent to 110.7 (provisional) from 110.3 (provisional) for the previous month due to higher price of seat for motor vehicles (14%), head lamp (2%) and cylinder liners, wheels/wheels & parts, filter element, radiators & coolers and chain (1% each).  However, the price of brake pad/brake liner/brake block/brake rubber, others (4%), crankshaft and shafts of all kinds (2% each) and engine (1%) declined.

The index for ‘Manufacture of other Transport Equipment’ group rose by 1.0 percent to 111.7 (provisional) from 110.6 (provisional) for the previous month due to higher price of motor cycles, propellers & blades of boats/ships and tanker (1% each).

The index for ‘Manufacture of Furniture’ group rose by 0.5 percent to 120.7 (provisional) from 120.1 (provisional) for the previous month due to higher price of wooden furniture (3%), plastic fixtures (2%) and iron/steel furniture and steel shutter gate (1% each). However, the price of foam and rubber mattress (5%) declined.

The index for ‘Other Manufacturing’ group declined by 6.7 percent to 104.2 (provisional) from 111.7 (provisional) for the previous month due to lower price of gold & gold ornaments (7%).   However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (4%) and playing cards (1%) moved up.

WPI FOOD INDEX (Weight 24.38%)

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 2.91% in December, 2017 to 1.65% in January, 2018.

FINAL INDEX FOR THE MONTH OF NOVEMBER, 2017 (BASE YEAR: 2011-12=100)

For the month of November, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 116.4 as compared to 116.3 (provisional) and annual rate of inflation based on final index stood at 4.02 percent as compared to 3.93 percent (provisional) respectively as reported on 14.12.2017.

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)

Month of January, 2018

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI January- 2018

Latest month over month

Build up from March

Year on year

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

ALL COMMODITIES

100.00

115.8

0.81

0.09

4.55

2.30

4.26

2.84

PRIMARY ARTICLES

22.62

129.7

-0.08

-1.52

3.01

2.05

1.93

2.37

Food Articles

15.26

140.6

-0.80

-2.43

2.32

2.18

0.29

3.00

Cereals

2.82

143.4

-0.27

0.77

8.45

-1.24

8.45

-1.98

Paddy

1.43

150.4

-0.28

1.08

6.36

1.83

5.89

4.59

Wheat

1.03

140.8

-0.66

1.00

12.83

-1.47

12.83

-6.94

Pulses

0.64

127.1

-10.96

-5.29

9.40

-17.47

4.22

-30.43

Vegetables

1.87

149.5

-6.60

-15.96

-10.76

26.27

-23.49

40.77

Potato

0.28

111.4

-20.23

-5.35

-23.05

22.28

-16.67

8.68

Onion

0.16

346.2

-3.60

-4.63

-11.56

213.02

-36.08

193.89

Fruits

1.60

141.8

1.79

-1.39

-0.53

1.79

1.87

8.49

Milk

4.44

140.3

0.00

0.07

2.51

2.78

2.97

3.93

Eggs, Meat & Fish

2.40

135.2

2.05

0.75

-0.30

0.75

-0.81

0.37

Non-Food Articles

4.12

120.7

2.35

1.43

4.09

-0.98

0.74

-1.23

Fibres

0.84

123.4

6.97

3.70

20.58

-1.20

18.23

1.73

Oil Seeds

1.12

132.7

0.08

2.71

-0.84

3.11

-3.91

2.00

Minerals

0.83

121.9

-0.62

-0.33

-2.16

6.18

14.47

7.78

FUEL & POWER

13.15

96.9

5.32

0.41

21.70

3.53

16.67

4.08

LPG

0.64

91.0

0.26

-0.76

8.74

-2.78

-10.39

19.89

Petrol

1.60

83.6

8.54

0.97

43.90

1.58

29.06

1.21

HSD

3.10

89.3

7.89

2.53

51.91

5.18

46.06

7.07

MANUFACTURED PRODUCTS

64.23

114.7

0.45

0.61

2.57

2.14

3.33

2.78

Manufacture of Food Products

9.12

126.8

0.23

-0.47

9.31

-0.39

10.73

-0.94

Manufacture of Vegetable And Animal Oils and Fats

2.64

112.4

0.82

1.08

11.22

3.69

14.08

1.26

Sugar

1.06

120.8

3.89

-2.89

19.38

-7.57

25.47

-5.70

Manufacture of Tobacco Products

0.51

151.3

0.07

-0.53

4.54

6.40

8.75

5.88

Manufacture of Textiles

4.88

113.0

0.45

0.00

2.48

0.09

3.34

1.44

Manufacture of Wearing Apparel

0.81

138.5

1.28

-0.29

5.84

4.06

4.03

3.20

Manufacture of Leather and Related Products

0.54

120.7

0.25

0.33

-2.11

0.25

-1.71

-0.08

Manufacture of Wood And of Products of Wood and Cork

0.77

130.8

0.39

0.38

-0.08

0.62

0.62

0.54

Manufacture of Paper and Paper Products

1.11

121.4

0.09

2.53

1.51

4.93

1.24

6.03

Manufacture of Chemicals and Chemical Products

6.47

113.8

0.45

0.89

-0.18

1.88

-0.09

2.80

Manufacture of Rubber and Plastics Products

2.30

107.8

0.37

0.28

2.17

-0.92

2.75

-0.46

Manufacture of other Non-Metallic Mineral Products

3.20

114.0

0.00

2.15

-0.82

4.30

-0.82

4.68

Manufacture of Cement, Lime and Plaster

1.64

114.0

-0.18

0.62

0.46

4.30

0.64

4.30

Manufacture of Basic Metals

9.65

105.8

1.08

3.73

5.04

10.67

8.07

12.91

Mild Steel - Semi Finished Steel

1.27

96.4

1.01

2.23

-2.39

6.76

-0.88

7.47

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

111.9

1.14

0.90

1.62

3.13

1.71

4.78

Manufacture of other Transport Equipment

1.65

111.7

1.01

0.99

4.94

1.64

3.27

1.18

Annexure-II

 

 

 

 

 

 

 

 

 

 

 

Trend of Rate of Inflation for some important items during last six months

 

 

 

 

 

 

 

 

 

 

 

 

Commodities/Major Groups/Groups/Sub-Groups

Weight (%)

Rate of Inflation for the last six months

 

 

Jan-18

Dec-17

Nov-17

Oct-17

Sep-17

Aug-17

 

 

ALL COMMODITIES

100.00

2.84

3.58

4.02

3.68

3.14

3.24

 

 

PRIMARY ARTICLES

22.62

2.37

3.86

5.59

3.72

0.69

2.97

 

 

Food Articles

15.26

3.00

4.72

6.41

4.30

2.04

5.82

 

 

Cereals

2.82

-1.98

-3.00

-2.13

-0.07

-0.07

0.21

 

 

Paddy

1.43

4.59

3.19

2.90

3.10

2.83

2.70

 

 

Wheat

1.03

-6.94

-8.47

-5.75

-1.99

-1.71

-1.44

 

 

Pulses

0.64

-30.43

-34.60

-35.52

-31.10

-24.26

-28.79

 

 

Vegetables

1.87

40.77

56.46

59.87

36.67

15.41

44.84

 

 

Potato

0.28

8.68

-8.40

-40.73

-44.29

-46.78

-43.95

 

 

Onion

0.16

193.89

197.05

178.19

127.80

79.78

88.46

 

 

Fruits

1.60

8.49

11.99

6.48

3.96

2.93

7.35

 

 

Milk

4.44

3.93

3.85

4.08

4.01

4.31

3.94

 

 

Eggs, Meat & Fish

2.40

0.37

1.67

4.73

5.76

5.47

4.01

 

 

Non-Food Articles

4.12

-1.23

-0.34

-0.51

-1.25

-2.60

-3.44

 

 

Fibres

0.84

1.73

4.94

1.25

-1.91

-1.51

-3.17

 

 

Oil Seeds

1.12

2.00

-0.62

-0.70

-2.59

-8.38

-11.18

 

 

Minerals

0.83

7.78

7.47

10.02

16.25

0.54

-5.70

 

 

FUEL & POWER

13.15

4.08

9.16

8.36

10.87

10.46

9.86

 

 

LPG

0.64

19.89

21.14

32.32

26.53

21.90

4.08

 

 

Petrol

1.60

1.21

8.80

11.25

12.73

16.37

25.69

 

 

HSD

3.10

7.07

12.68

12.16

16.39

16.69

20.75

 

 

MANUFACTURED PRODUCTS

64.23

2.78

2.61

2.70

2.62

2.99

2.36

 

 

Manufacture of Food Products

9.12

-0.94

-0.23

0.63

1.18

1.99

1.92

 

 

Manufacture of Vegetable And Animal Oils and Fats

2.64

1.26

1.00

2.31

0.84

0.19

0.47

 

 

Sugar

1.06

-5.70

0.89

4.17

5.08

7.38

8.53

 

 

Manufacture of Tobacco Products

0.51

5.88

6.51

6.40

6.61

5.18

6.25

 

 

Manufacture of Textiles

4.88

1.44

1.89

1.90

1.71

0.98

1.34

 

 

Manufacture of Wearing Apparel

0.81

3.20

4.83

6.03

5.26

3.87

4.77

 

 

Manufacture of Leather and Related Products

0.54

-0.08

-0.17

-2.21

-2.19

-3.23

-3.24

 

 

Manufacture of Wood And of Products of Wood and Cork

0.77

0.54

0.54

1.48

2.49

0.68

1.15

 

 

Manufacture of Paper and Paper Products

1.11

6.03

3.50

2.79

5.76

6.86

4.42

 

 

Manufacture of Chemicals and Chemical Products

6.47

2.80

2.36

1.72

1.45

0.91

0.36

 

 

Manufacture of Rubber and Plastics Products

2.30

-0.46

-0.37

-0.46

0.56

1.03

0.84

 

 

Manufacture of other Non-Metallic Mineral Products

3.20

4.68

2.48

2.82

1.27

0.90

1.27

 

 

Manufacture of Cement, Lime and Plaster

1.64

4.30

3.47

2.26

0.62

1.07

1.44

 

 

Manufacture of Basic Metals

9.65

12.91

10.03

10.23

10.66

13.75

12.19

 

 

Mild Steel - Semi Finished Steel

1.27

7.47

6.19

3.11

1.99

4.14

3.60

 

 

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

4.78

5.02

7.23

4.28

4.51

2.80

 

 

Manufacture of other Transport Equipment

1.65

1.18

1.19

1.93

2.41

1.58

1.21

 

Topics

Acts Income Tax