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    Haryana CM Saini launches MSME and Export Promotion Policy 2026
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August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
Show AI Summary
Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
Show AI Summary
GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.

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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