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
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
❯❯
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
August 21, 2026
Show AI Summary
Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
Show AI Summary
Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
Show AI Summary
Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
Show AI Summary
Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
Show AI Summary
Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
Show AI Summary
Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
Show AI Summary
Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
Show AI Summary
Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
Show AI Summary
Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
Show AI Summary
Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
Show AI Summary
Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
Show AI Summary
Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
Show AI Summary
Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.

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 December, 2018

January 14, 2019

Contents
Summary
Note

Note

-

Bookmark

Print

Print

The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of December, 2018 declined by 1.4 percent to 120.1 (provisional) from 121.8 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.80% (provisional) for the month of December, 2018 (over December, 2017) as compared to 4.64% (provisional) for the previous month and 3.58% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.27% compared to a build up rate of 2.21% 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 1.8 percent to 134.7 (provisional) from 137.2 (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 1.4 percent to 144.0 (provisional) from 146.1 (provisional) for the previous month due to lower price of fruits & vegetables (8%), peas/chawali (7%), condiments & spices (2%) and paddy (1%). However, the price of betel leaves (14%), arhar (9%), maize and poultry chicken (6% each), gram, fish-marine and urad (4% each), jowar and masur (3% each), bajra and coffee (2% each) and rajma, pork, moong, fish-inland, barley, ragi and tea (1% each) moved up.

The index for ‘Non-Food Articles’ group declined by 0.1 percent to 124.5 (provisional) from 124.6 (provisional) for the previous month due to lower price of guar seed (6%), raw cotton and castor seed (3% each), groundnut seed (2%) and raw rubber, rape & mustard seed and raw silk (1% each).  However, the price of gingelly seed, floriculture and mesta (5% each), copra (coconut) (4%), safflower (kardi seed) and linseed (3% each), raw jute, skins (raw) and soyabean (2% each) and coir fibre, raw wool, hides (raw), sunflower and cotton seed (1% each) moved up.

The index for ‘Minerals’ group rose by 7.7 percent to 140.4 (provisional) from 130.4 (provisional) for the previous month due to higher price of garnet (28%), copper concentrate (21%), manganese ore (9%), iron ore, phosphorite and chromite (3% each) and bauxite (1%).  However, the price of zinc concentrate (30%) and sillimanite (4%) declined.

The index for 'Crude Petroleum & Natural Gas' group declined by 11.9 percent to 91.7 (provisional) from 104.1 (provisional) for the previous month due to lower price of crude petroleum (16%).

FUEL & POWER (Weight 13.15%)

The index for this major group declined by 5.9 percent to 103.5 (provisional) from 110.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Mineral Oils’ group declined by 10.2 percent to 94.7 (provisional) from 105.5 (provisional) for the previous month due to lower price of naphtha (21%), furnace oil (16%), LPG (13%), ATF (12%), petrol and bitumen (9% each), HSD (8%), petroleum coke (7%) and kerosene (3%).

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group declined by 0.4 percent to 118.3 (provisional) from 118.8 (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 1.0 percent to 127.7 (provisional) from 129.0 (provisional) for the previous month due to lower price of molasses (6%), gur, honey and coffee powder with chicory (5% each), rice bran oil and palm oil (4% each), powder milk, manufacture of processed ready to eat food and cotton seed oil (3% each), sugar, butter, other meats [preserved/processed], buffalo meat [fresh/frozen] and castor oil (2% each) and  manufacture of prepared animal feeds, instant coffee, vanaspati, ghee, sooji (rawa), mustard oil, groundnut oil, processed tea and manufacture of bakery products (1% each).  However, the price of wheat bran and manufacture of starches & starch products (4% each), manufacture of health supplements (3%), gram powder (besan), chicken/duck [dressed-fresh/frozen], copra oil and bagasse (2% each) and wheat flour (atta) and manufacture of macaroni, noodles, couscous & similar farinaceous products (1% each) moved up.

 
The index for ‘Manufacture of Beverages’ group rose by 0.2 percent to 122.0 (provisional) from 121.7 (provisional) for the previous month due to higher price of aerated drinks/soft drinks (incl. soft drink concentrates) (1%).  However, the price of bottled mineral water and beer (1% each) declined.

The index for ‘Manufacture of Textiles’ group rose by 0.1 percent to 119.2 (provisional) from 119.1 (provisional) for the previous month due to higher price of manufacture of made-up textile articles, except apparel (4%) and manufacture of other textiles (2%). However, the price of synthetic yarn (2%) and texturised & twisted yarn and. manufacture of cordage, rope, twine & netting (1% each) declined.

The index for ‘Manufacture of Wearing Apparel’ group rose by 0.2 percent to 138.4 (provisional) from 138.1 (provisional) for the previous month due to higher price of leather garments incl. jackets and shawls & scarves [knitted] (1% each).

The index for ‘Manufacture of Leather and Related Products’ group declined by 0.3 percent to 121.1 (provisional) from 121.5 (provisional) for the previous month due to lower price of vegetable tanned leather (6%), belt & other articles of leather (3%) chrome tanned leather (2%).  However, the price of canvas shoes (2%) moved up.

The index for ‘Manufacture of Wood and of Products of Wood and Cork’ group rose by 0.3 percent to 133.9 (provisional) from 133.5 (provisional) for the previous month due to higher price of timber/wooden plank [sawn/resawn] (4%), wooden box/crate (2%) and wooden block-compressed or not and lamination wooden sheets/veneer sheets (1% each). However, the price of particle boards (3%) and wood cutting [processed/sized] (1%) declined

The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.1 percent to 125.2 (provisional) from 125.3 (provisional) for the previous month due to lower price of paper bag including craft paper bag (14%), kraft paper, base paper, laminated paper and newsprint (2% each) and bristle paper board, duplex paper, hard board and poster paper (1% each). However, the price of pulp board (6%), paper carton/box (2%) and corrugated sheet box, paper for printing & writing and corrugated paper board (1% each) moved up.

The index for ‘Printing and Reproduction of Recorded Media’ group rose by 0.7 percent to 147.5 (provisional) from 146.5 (provisional) for the previous month due to higher price of journal/periodical (3%). However, the price of hologram (3d) (3%) and printed labels/posters/calendars and sticker plastic (1% each) declined.

The index for ‘Manufacture of Chemicals and Chemical Products’ group declined by 0.7 percent to 120.0 (provisional) from 120.8 (provisional) for the previous month due to lower price of mono ethyl glycol (12%), organic solvent (9%), acetic acid & its derivatives (8%), hydrogen peroxide (6%), menthol, alkyl benzene, poly propylene (pp), camphor and phthalic anhydride (5%each), plasticizer, ethyl acetate and printing ink (4% each), creams & lotions for external application, hair oil/body oil, aniline (including pna, ona, ocpna), acrylic fibre, carbon black, ethylene oxide and alcohols (3% each), ammonium sulphate, polystyrene [expandable], varnish (all types), epoxy [liquid], fatty acid, insecticide & pesticide and mosquito coil (2% each) and polyethylene, phosphoric acid, polyester fibre fabric, catalysts, caustic soda (sodium hydroxide), adhesive tape (non-medicinal), shampoo, rubber chemicals, sulphuric acid, oleoresin, perfume/scent and polyester chips or polyethylene terepthalate (pet) chips (1% each).  However, the price of ammonia gas (13%), powder coating material, ammonium nitrate, soda ash/washing soda and polyester film(metalized) (2% each) and safety matches (match box), ammonium phosphate, ammonia liquid, toilet soap, xlpe compound, other inorganic chemicals, superphospate /phosphatic fertilizer [others], poly vinyl chloride (PVC), fungicide [liquid], mixed fertilizer, gelatine, organic chemicals, other petrochemical intermediates, amine and liquid air & other gaseous products (1% each) moved up.

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 0.2 percent to 124.1 (provisional) from 124.3 (provisional) for the previous month due to lower price of vials/ampoule, glass, empty or filled and anti-malarial drugs (2% each) and antioxidants and plastic capsules (1% each). However, the price of anti inflammatory preparation (3%), anti-retroviral drugs for HIV treatment (2%) and sulpha drugs and anti allergic drugs (1% each) moved up.

The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.2 percent to 110.2 (provisional) from 110.4 (provisional) for the previous month due to lower price of plastic button (6%), polypropylene film (4%), plastic bag and processed rubber (3% each), rubber components & parts, plastic film, plastic tube (flexible/non-flexible) and plastic components (2% each) and plastic tank, PVC fittings & other accessories, plastic furniture, polythene film, elastic webbing, rubberized dipped fabric, motor car tyre and thermocol (1% each). However, the price of plastic box/container (3%), medium & heavy commercial vehicle tyre and rubber tread (2% each) and solid rubber tyres/wheels, rubber moulded goods, plastic bottle, conveyer belt (fibre based) and acrylic/plastic sheet (1% each) moved up.

The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.3 percent to 115.2 (provisional) from 115.6 (provisional) for the previous month due to lower price of graphite rod, ceramic tiles (vitrified tiles) and marble slab (2% each) and clinker, white cement, cement superfine, granite, fibre glass incl. sheet, asbestos corrugated sheet and glass bottle (1% each). However, the price of ordinary sheet glass and toughened glass (2% each) and plain bricks, porcelain sanitary ware, poles & posts of concrete and ordinary portland cement (1% each) moved up.


The index for ‘Manufacture of Basic Metals’ group declined by 1.2 percent to 112.5 (provisional) from 113.9 (provisional) for the previous month due to lower price of angles, channels, sections, steel (coated/not) (4%), alloy steel wire rods, sponge iron/direct reduced iron (DRI)and mild steel (MS) blooms (3% each), hot rolled (HR) coils & sheets, including narrow strip, gp/gc sheet, copper metal/copper rings, ferrochrome, aluminium disk & circles, aluminium shapes- bars/rods/flats, brass metal/sheet/coils, MS pencil ingots, MS wire rods, MS bright bars, pig iron and aluminium powder (2% each) and aluminium ingot, aluminium alloys, steel cables, cold rolled (CR) coils & sheets, including narrow strip, ferromanganese, stainless steel pencil ingots/billets/slabs, alloy steel castings, stainless steel tubes, copper shapes- bars/rods/plates/strips and aluminium castings (1% each). However, the price of steel forgings-rough, stainless steel coils, strips & sheets, ms castings and cast iron [castings] (1% each) moved up.

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group declined by 0.1 percent to 116.1 (provisional) from 116.2 (provisional) for the previous month due to lower price of boilers (5%), steel door (3%), cylinders and copper bolts, screws, nuts (2% each) and bolts, screws, nuts & nails of iron & steel, aluminium utensils, hose pipes in set or otherwise and jigs & fixture (1% each).  However, the price of forged steel rings (5%), hand tools and electrical stamping-laminated or otherwise (2% each) and pressure cooker, steel drums & barrels, iron/steel cap, steel container and stainless steel utensils (1% each) moved up.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group declined by 0.6 percent to 112.3 (provisional) from 113.0 (provisional) for the previous month due to lower price of sunglasses (4%), colour TV (3%), electronic printed circuit board (PCB)/micro circuit (2%) and meter (non-electrical) (1%).  However, the price of electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (7%) and scientific time keeping device (1%) moved up.

The index for ‘Manufacture of Electrical Equipment’ group declined by 0.1 percent to 112.0 (provisional) from 112.1 (provisional) for the previous month due to lower price of jelly filled cables (6%), aluminium wire (3%), refrigerators (2%) and washing machines/laundry machines, lead acid batteries for vehicles & other uses, transformer, electrical relay/conductor, aluminium/alloy conductor, generator parts and copper wire (1% each).  However, the price of solenoid valve, fibre optic cables, electric mixers/grinders/food processors and connector/plug/socket/holder-electric (2% each) and insulator, generators & alternators and air coolers (1% each) moved up.

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group declined by 0.8 percent to 112.8 (provisional) from 113.7 (provisional) for the previous month due to lower price of seat for motor vehicles (9%), engine (2%) and light, medium & heavy commercial vehicles, passenger vehicles and cylinder liners (1% each).  However, the price of crankshaft (3%), axles of motor vehicles (2%) and shafts of all kinds, minibus/bus, filter element and release valve (1% each) moved up.

The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.3 percent to 112.4 (provisional) from 112.1 (provisional) for the previous month due to higher price of motor cycles (1%). However, the price of scooters (1%) declined.

The index for ‘Manufacture of Furniture’ group declined by 0.7 percent to 127.5 (provisional) from 128.4 (provisional) for the previous month due to lower price of foam and rubber mattress (3%) and iron/steel furniture (1%). However, the price of plastic fixtures (2%) moved up.

The index for 'Other Manufacturing' group rose by 7.0 percent to 114.6 (provisional) from 107.1 (provisional) for the previous month due to higher price of gold & gold ornaments (8%), football (5%), silver (2%) and plastic moulded-others toys and cricket bat (1% each). However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (3%) and playing cards (1%) declined.

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 increased from -1.96% in November, 2018 to 0.07% in December, 2018.

FINAL INDEX FOR THE MONTH OF OCTOBER, 2018 (BASE YEAR: 2011-12=100)

For the month of October, 2018, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 122.0 as compared to 121.7 (provisional) and annual rate of inflation based on final index stood at 5.54 percent as compared to 5.28 percent (provisional) respectively as reported on 14.11.2018.

Next date of press release: 14/02/2019 for the month of January, 2019

This press release is available at our home page http://eaindustry.nic.in

Annexure-I

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

 

 

 

 

Month of  December, 2018

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI

December-2018

Latest month over month

Build up from March

Year on year

2017-18

2018-19

2017-18

2018-19

2017-18

2018-19

ALL COMMODITIES

100.00

120.1

-0.60

-1.40

2.21

3.27

3.58

3.80

PRIMARY ARTICLES

22.62

134.7

-3.16

-1.82

3.62

5.07

3.86

2.28

Food Articles

15.26

144.0

-4.63

-1.44

4.72

4.88

4.72

-0.07

Cereals

2.82

153.1

-0.07

0.26

-2.00

5.88

-3.00

7.59

Paddy

1.43

154.7

-0.27

-0.58

0.74

1.38

3.19

3.97

Wheat

1.03

152.8

0.00

0.39

-2.45

8.22

-8.47

9.61

Pulses

0.64

135.8

-3.83

3.82

-13.64

11.04

-35.19

2.11

Vegetables

1.87

146.6

-22.39

-12.37

50.17

27.26

56.38

-17.55

Potato

0.28

175.0

-1.59

-21.52

29.20

34.10

-8.40

48.68

Onion

0.16

131.3

8.20

-25.31

228.21

-16.53

197.05

-63.83

Fruits

1.60

138.5

-0.62

-1.84

3.23

-9.00

11.99

-3.69

Milk

4.44

143.6

0.00

-0.35

2.71

2.06

3.85

2.43

Eggs, Meat & Fish

2.40

140.3

-2.33

2.11

0.00

5.41

1.67

4.55

Non-Food Articles

4.12

124.5

1.79

-0.08

-2.21

3.66

-0.17

4.45

Oil Seeds

1.12

140.9

1.73

0.14

0.47

1.59

-0.54

8.97

Minerals

0.83

140.4

0.25

7.67

6.45

1.52

7.38

14.89

Crude Petroleum

1.95

83.3

0.71

-15.52

5.98

12.72

3.96

17.49

FUEL & POWER

13.15

103.5

0.95

-5.91

2.03

5.61

8.03

8.38

LPG

0.64

98.0

0.44

-12.89

-2.03

15.16

21.14

6.87

Petrol

1.60

84.2

0.97

-8.48

0.73

-0.36

8.94

1.57

HSD

3.10

94.6

1.52

-8.24

2.59

4.99

12.68

8.61

MANUFACTURED PRODUCTS

64.23

118.3

0.18

-0.42

1.69

2.16

2.79

3.59

Manufacture of Food Products

9.12

127.7

-0.55

-1.01

0.08

-0.16

-0.23

0.24

Manufacture of Vegetable And Animal Oils and Fats

2.64

114.1

0.90

-2.23

2.86

-2.48

1.27

2.33

Sugar

1.06

112.5

-4.31

-2.17

-4.97

-3.68

0.73

-9.42

Manufacture of Tobacco Products

0.51

149.5

0.40

-0.13

6.75

-0.53

6.30

-1.52

Manufacture of Textiles

4.88

119.2

0.27

0.08

0.27

4.38

2.07

5.30

Manufacture of Wearing Apparel

0.81

138.4

-0.07

0.22

4.28

0.51

4.75

-0.29

Manufacture of Leather and Related Products

0.54

121.1

1.34

-0.33

0.66

0.58

0.58

-0.08

Manufacture of Wood And of Products of Wood and Cork

0.77

133.9

0.61

0.30

1.08

1.90

1.39

1.90

Manufacture of Paper and Paper Products

1.11

125.2

0.51

-0.08

2.51

4.07

3.67

5.56

Manufacture of Chemicals and Chemical Products

6.47

120.0

0.71

-0.66

1.34

3.90

2.72

6.01

Manufacture of Rubber and Plastics Products

2.30

110.2

-0.37

-0.18

-1.75

2.42

-0.93

3.09

Manufacture of other Non-Metallic Mineral Products

3.20

115.2

0.27

-0.35

3.66

1.05

4.04

1.68

Manufacture of Cement, Lime and Plaster

1.64

112.8

0.35

-0.09

3.93

-0.70

3.74

-0.70

Manufacture of Basic Metals

9.65

112.5

1.58

-1.23

7.64

2.65

11.00

9.33

Mild Steel - Semi Finished Steel

1.27

98.8

1.83

-1.40

4.65

0.71

6.42

4.55

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

116.1

-0.27

-0.09

2.21

3.66

5.02

4.69

Manufacture of other Transport Equipment

1.65

112.4

0.63

0.27

1.46

1.81

2.01

0.81

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

 

 

Dec-18

Nov-18

Oct-18

Sept-18

Aug-18

July-18

 

 

ALL COMMODITIES

100.00

3.80

4.64

5.54

5.22

4.62

5.27

 

 

PRIMARY ARTICLES

22.62

2.28

0.88

2.46

3.04

-0.07

2.04

 

 

Food Articles

15.26

-0.07

-3.31

-1.42

-0.21

-4.04

-2.10

 

 

Cereals

2.82

7.59

7.23

6.24

5.54

5.05

3.51

 

 

Paddy

1.43

3.97

4.29

4.08

4.64

4.78

3.96

 

 

Wheat

1.03

9.61

9.18

9.49

8.87

8.39

6.38

 

 

Pulses

0.64

2.11

-5.42

-13.51

-18.14

-14.12

-17.24

 

 

Vegetables

1.87

-17.55

-26.98

-18.35

-4.13

-20.00

-13.58

 

 

Potato

0.28

48.68

86.45

94.48

79.89

71.21

75.19

 

 

Onion

0.16

-63.83

-47.60

-31.69

-23.74

-25.94

44.20

 

 

Fruits

1.60

-3.69

-2.49

0.80

-6.97

-16.40

-8.81

 

 

Milk

4.44

2.43

2.78

2.78

2.21

2.86

2.87

 

 

Eggs, Meat & Fish

2.40

4.55

0.00

-0.44

-0.44

0.00

0.87

 

 

Non-Food Articles

4.12

4.45

6.40

4.14

3.51

2.65

3.96

 

 

Oil Seeds

1.12

8.97

10.70

7.50

8.20

10.23

9.86

 

 

Minerals

0.83

14.89

6.97

14.80

0.85

7.12

13.14

 

 

Crude Petroleum

1.95

17.49

40.06

50.08

56.19

53.47

58.99

 

 

FUEL & POWER

13.15

8.38

16.28

18.66

17.30

17.73

18.10

 

 

LPG

0.64

6.87

23.22

31.39

33.51

46.08

31.53

 

 

Petrol

1.60

1.57

12.06

20.10

17.21

16.56

20.75

 

 

HSD

3.10

8.61

20.16

24.14

22.18

19.90

22.84

 

 

MANUFACTURED PRODUCTS

64.23

3.59

4.21

4.57

4.13

4.43

4.53

 

 

Manufacture of Food Products

9.12

0.24

0.70

1.17

0.86

1.73

1.74

 

 

Manufacture of Vegetable And Animal Oils and Fats

2.64

2.33

5.61

9.49

10.39

11.76

13.50

 

 

Sugar

1.06

-9.42

-11.40

-11.44

-12.99

-11.15

-10.51

 

 

Manufacture of Tobacco Products

0.51

-1.52

-0.99

0.00

-0.13

0.33

2.82

 

 

Manufacture of Textiles

4.88

5.30

5.49

5.77

4.77

4.05

3.88

 

 

Manufacture of Wearing Apparel

0.81

-0.29

-0.58

0.29

0.95

1.98

2.14

 

 

Manufacture of Leather and Related Products

0.54

-0.08

1.59

1.25

2.00

1.84

2.49

 

 

Manufacture of Wood And of Products of Wood and Cork

0.77

1.90

2.22

0.61

-0.23

0.83

0.53

 

 

Manufacture of Paper and Paper Products

1.11

5.56

6.19

4.44

2.59

3.56

2.86

 

 

Manufacture of Chemicals and Chemical Products

6.47

6.01

7.47

7.69

7.46

6.93

6.48

 

 

Manufacture of Rubber and Plastics Products

2.30

3.09

2.89

2.23

2.14

1.77

2.05

 

 

Manufacture of other Non-Metallic Mineral Products

3.20

1.68

2.30

3.40

3.40

3.95

3.48

 

 

Manufacture of Cement, Lime and Plaster

1.64

-0.70

-0.27

-0.26

-0.44

0.09

0.44

 

 

Manufacture of Basic Metals

9.65

9.33

12.44

14.00

13.18

13.30

15.57

 

 

Mild Steel - Semi Finished Steel

1.27

4.55

7.97

9.52

9.13

8.03

8.50

 

 

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

4.69

4.50

5.84

5.88

8.56

6.69

 

 

Manufacture of other Transport Equipment

1.65

0.81

1.17

1.18

1.73

1.65

1.92

 

Topics

Acts Income Tax