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    HC slams FDA for ‘pedantic’ view, clears reopening of 5 eateries at MCA premises
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August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
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Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
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Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
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IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.

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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