Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Rupee rises 22 paise to close at 94.51 against US dollar
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
    Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
    Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
    SC disposes of SEBI's pleas against NSE after Rs 1500-crore settlement
    India-US trade pact to be finalised once US offers preferential rate: Goyal
    Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
    Drugs: ED raids in 4 states; over 2 dozen offenders, foreign links under scanner
    Razorpay Launches a Conversational AI Account Manager 'RAY' on WhatsApp For Businesses, in Partnership with IndusInd Bank
    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
    Rupee jumps 47 paise to 94.26 against US dollar in early trade
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 3, 2026
Show AI Summary
FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
Show AI Summary
Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
Show AI Summary
Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
Show AI Summary
Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
Show AI Summary
Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
Show AI Summary
Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
Show AI Summary
Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
Show AI Summary
Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
Show AI Summary
Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
Show AI Summary
Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
Show AI Summary
Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
Show AI Summary
MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
Show AI Summary
Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
Show AI Summary
Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
Show AI Summary
Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
Show AI Summary
NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
Show AI Summary
Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
Show AI Summary
GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
Show AI Summary
Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
Show AI Summary
Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
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

Contents
Summary
Note

Note

-

Bookmark

Print

Print

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