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August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
August 18, 2026
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Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
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Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
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Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
August 18, 2026
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Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
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Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
August 18, 2026
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
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Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
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Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
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Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
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Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
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Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
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News and Press Release

Food Articles Under WPI .

August 13, 2012

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Press Information Bureau
Government of India
Ministry of Commerce & Industry

13-August-2012 17:05 IST

Food Articles Under WPI

The details of WPI (Base 2004-05) of food articles for the last one year and current year along with their corresponding weights are at Annexure I. The weighting pattern of WPI, based on the value of output in the economy, remains fixed during the life of a particular WPI series. The current WPI series with Base year 2004-05 was launched in September 2010. The WPI as well as the weights are also available in the website of the Ministry of Commerce & Industry, i.e.,http://eaindustry.nic.in/. Consumption trends for the above mentioned food articles are not collected. However, the latest item wise consumption trends for food articles based on the 66th round of National Sample Survey Office (NSSO) survey on Household Consumption of Various Goods and Services in India conducted for urban and rural households for the period July 2009 to June 2010 are available at the official website of Ministry of Statistics & Programme Implementation. There is, however, no one to one correspondence among the items of WPI and NSSO survey report because of non uniformity in their respective specifications.

The Government has set up a Working Group under Chairmanship of Dr. Saumitra Chaudhuri, Member Planning Commission on 19th March 2012 to revise the current series of Wholesale Price Index numbers (Base 2004-05) to, inter-alia, select the appropriate commodity basket and examine system of allocation of weights to them.

Annexure I

 

ANNEXURE REFERRED TO IN REPLY TO PART (a) OF LOK SABHA UNSTARRED QUESTION NO. 535 ANSWERD ON 13.8.2012 REGARDING FOOD ARTICLES UNDER WPI.

WPI (Base 2004-05) of Food Articles for FY2010-11, FY2011-12, and April 2012 to June 2012

 

Commodity Name

Weight

2010-11

2011-12

Apr-12

May-12*

Jun-12*

I  Food Articles

14.33709

179.63

192.74

207.2

206.3

209.2

A)    Food Grains

(Cereals+Pulses)

4.08982

174.43

180.72

188.9

190.4

193.4

(i)Cereals

3.37323

169.67

176.23

184.3

184.5

186.4

Rice

1.79348

167.19

172.29

177.3

178.3

181.6

Wheat

1.11595

171.44

168.29

179.3

178.8

180.2

Jowar

0.09572

189.54

248.55

236.8

240.8

235.2

Bajra

0.11522

175.58

193.21

209.5

210.5

209.4

Maize

0.21727

168.94

205.63

225.4

220.5

220.3

Barley

0.01671

165.68

180.19

210.8

212.7

200.1

Ragi

0.01885

173.79

204.92

223.5

228.4

224.0

(ii)Pulses

0.71662

196.86

201.82

211.0

218.3

225.9

Gram

0.33490

149.97

193.78

224.7

236.9

250.7

Arhar

0.13740

205.06

183.20

175.5

181.0

184.8

Moong

0.08429

280.44

244.42

236.6

235.7

234.2

Masur

0.05764

194.45

162.78

170.0

180.1

186.9

Urad

0.10239

271.75

240.00

215.6

214.8

215.1

B)Fruits & Vegetables

3.84270

172.05

183.15

215.3

208.1

213.1

(i)Vegetables

1.73553

182.83

179.26

237.6

224.0

243.8

Potato

0.20150

131.95

128.98

173.8

198.7

221.4

Sweet Potato

0.01750

194.14

205.97

192.7

195.7

181.2

Onion

0.17794

259.60

186.67

139.6

139.3

158.0

Tapioca

0.06781

282.82

285.63

240.9

245.0

238.6

Ginger(Fresh)

0.04514

114.54

79.98

56.5

54.8

72.5

Peas(Green)

0.10999

144.87

174.70

NA

NA

NA

Tomato

0.26738

190.39

184.39

NA

NA

NA

Cauliflower

0.23627

169.87

145.93

NA

NA

NA

Brinjal

0.29840

164.66

170.97

206.7

182.3

227.6

Okra (Lady finger)

0.12604

174.80

237.15

355.3

218.3

209.9

Cabbage

0.18756

214.58

211.59

416.1

437.6

447.1

(ii) Fruits

2.10717

163.17

186.37

197.0

195.1

187.8

Banana

0.34264

163.01

173.42

176.9

202.7

208.5

Mango

0.65134

191.52

237.15

238.5

221.9

208.3

Apple

0.10397

173.59

220.38

240.0

252.7

NA

Orange

0.13309

185.32

237.35

230.3

226.0

236.3

Cashew nut

0.16399

151.04

192.09

169.4

182.6

178.8

Coconut(Fresh)

0.24113

97.77

118.20

109.1

106.4

107.6

Papaya

0.10340

189.62

186.97

130.4

121.6

128.9

Grapes

0.09399

188.85

221.20

NA

NA

NA

Pineapple

0.04577

177.92

193.45

245.2

223.4

249.2

Guava

0.07609

177.67

148.32

102.8

102.8

102.8

Litchi

0.03716

179.20

119.70

NA

NA

153.0

Lemon

0.07225

197.49

236.16

306.3

279.3

244.3

Sapota

0.04235

174.02

209.45

212.3

206.2

211.4

C)Milk

3.23818

175.88

194.01

202.9

204.1

205.7

D)Eggs,Meat& Fish

2.41384

190.13

214.33

229.8

232.6

235.4

Egg

0.18675

165.44

181.79

178.2

178.8

183.0

Fish-Inland

0.57256

193.43

250.82

276.6

279.1

280.2

Fish-Marine

0.72259

222.84

246.72

269.9

271.1

272.1

Mutton

0.34586

187.17

200.10

209.6

211.4

212.5

Beef & Buffalo Meat

0.11585

188.20

199.62

207.7

201.5

201.5

Poultry Chicken

0.41028

141.16

136.56

139.9

150.6

160.5

Pork

0.05995

197.50

219.93

234.3

236.8

240.3

E)Condiments & Spices

0.56908

243.98

237.53

207.4

200.4

195.9

Black Pepper

0.02959

247.12

402.93

483.6

488.8

497.5

Chillies(Dry)

0.15812

221.80

277.12

236.1

225.1

219.9

Turmeric

0.07573

401.72

214.87

145.1

143.6

141.2

Cardamom

0.01703

348.22

291.35

301.2

293.8

281.7

Ginger(Dry)

0.05150

119.25

90.11

74.3

70.3

71.7

Betelnut/Arecanut

0.10437

154.69

209.79

234.6

227.2

210.2

Cummin

0.04393

163.35

188.49

186.6

186.1

185.5

Garlic

0.06437

410.12

281.12

135.3

118.7

120.7

Corriander

0.02444

174.06

216.17

205.7

204.3

202.5

F)Other Food Articles

0.18347

181.94

216.45

225.4

234.1

235.3

Tea

0.11233

148.33

150.85

182.3

196.7

198.6

Coffee

0.07114

235.01

320.08

293.4

293.4

293.4

II Food Products

9.97396

141.15

151.20

155.5

157.1

157.4

A) Dairy Products

0.56798

152.07

171.60

177.1

174.7

174.9

Powder Milk

0.20061

150.22

176.99

183.2

176.9

176.8

Ghee

0.21595

163.71

184.83

188.6

188.1

188.8

Butter

0.06118

159.79

166.59

176.5

176.5

174.6

Ice Cream

0.05063

115.59

123.67

127.6

127.5

128.9

Condensed Milk

0.03961

132.57

141.18

148.1

148.5

149.0

B)Canning, Preserving & Processing Of Food

0.35785

127.21

139.58

142.4

144.6

144.6

Canned Fish

0.05534

136.59

151.49

158.7

159.1

159.0

Fish Meal

0.05941

100.20

113.11

120.1

120.1

120.1

Processed Prawn

0.11517

122.53

128.92

128.8

130.5

133.7

Canned Meat

0.03554

175.87

188.38

193.9

193.9

194.5

Vegetables Seeds

0.09239

126.02

143.93

144.1

150.2

145.9

C)Grain Mill Products

1.34017

145.79

146.19

146.7

147.1

145.3

Maida

0.45224

146.73

145.76

145.4

145.4

145.8

Wheat Flour ( Atta)

0.39334

158.94

163.94

161.2

161.7

156.3

Gram Powder (Besan)

0.09734

134.23

136.10

136.1

136.1

136.1

Sooji ( Rawa )

0.08499

168.91

164.97

167.3

168.4

164.0

Rice Bran

0.11785

122.29

122.60

126.1

129.2

132.4

Wheat Bran

0.09066

130.37

125.06

137.2

137.5

131.8

Beaten Rice Flakes (Chire)

0.03750

107.00

107.00

107.0

107.0

107.0

Maize Atta

0.01572

140.60

140.60

140.6

140.6

140.6

Other Grain Mill Products

0.05053

131.33

123.22

125.6

125.6

125.6

D)Bakery Products

0.44354

126.25

127.19

128.3

128.3

127.1

Biscuit / Cookies

0.35095

121.02

121.63

122.3

122.3

120.8

Bread & Buns

0.06304

147.45

145.46

148.2

148.2

148.2

Cakes & Muffins

0.02955

143.71

154.27

156.5

156.5

156.5

E)Sugar, Khandsari&Gur

2.08859

160.50

167.72

170.5

172.6

173.5

Sugar

1.73731

165.02

173.44

176.5

178.5

178.8

Gur

0.07763

197.20

197.15

198.3

208.2

221.5

Khandsari

0.06133

159.87

170.90

175.0

177.7

179.5

Molasses

0.12926

105.10

103.46

102.1

101.4

99.9

Bagasse

0.03946

118.17

115.84

119.7

120.9

132.9

Sugar Confectionary

0.04360

119.48

119.16

125.3

125.6

125.6

F)Edible Oils

3.04293

120.58

135.72

144.2

146.0

146.5

Vanaspati

0.71494

116.32

121.40

121.2

124.6

124.5

Groundnut Oil

0.30438

145.25

163.83

188.3

192.5

190.6

Palm Oil

0.41999

111.30

119.74

129.8

128.9

130.4

Rice Bran Oil

0.18489

120.12

146.82

154.2

154.3

155.3

Cotton Seed Oil

0.26101

124.31

149.52

153.4

161.8

170.7

Mustard & Rapeseed Oil

0.45094

116.30

135.89

151.6

151.4

151.0

Soyabean Oil

0.37971

125.57

147.17

158.3

158.8

157.0

Copra Oil

0.10231

100.08

119.87

116.2

115.8

115.4

Sunflower Oil

0.17348

120.43

132.04

134.7

134.0

134.7

Gingelly Oil

0.05128

134.22

146.36

157.5

155.9

153.6

G)Oil Cakes

0.49441

168.63

175.30

186.1

189.7

191.6

Cotton Seed Oil Cake

0.12928

142.74

157.48

159.8

160.4

157.0

Rice Bran Extraction

0.09174

223.69

222.10

216.7

206.6

215.9

Mustard Oil Cake

0.04018

180.16

165.51

186.2

196.3

200.1

Groundnut Oil Cake

0.04463

240.19

263.14

291.9

296.9

300.7

Other Oil Cakes

0.18858

140.17

146.07

164.2

174.9

176.0

H)Tea & Coffee Proccessing

0.71106

149.80

156.62

154.7

158.0

159.6

Tea Leaf (Blended)

0.27219

153.89

167.54

173.5

179.3

176.3

Tea Leaf (Unblended)

0.18048

145.55

148.80

137.6

135.5

139.6

Tea Dust (Blended)

0.13716

134.03

134.94

130.2

136.8

144.8

Tea Dust (Unblended)

0.09813

157.62

152.91

149.2

151.5

152.4

Coffee Powder

0.02310

195.80

233.48

236.2

236.2

236.2

I)Salt

0.04810

174.77

176.24

181.8

181.8

181.8

J) Other Food Products

0.87933

141.15

157.44

159.2

161.5

161.8

Cashew Kernel

0.38299

135.81

157.11

154.9

159.9

159.4

Gola (Cattle Feed)

0.11247

178.61

186.48

195.4

195.6

199.7

Papad

0.08081

144.16

162.42

168.3

168.6

167.3

Cashew nut (Roasted)

0.01367

130.84

138.33

143.3

142.7

141.2

Mixed Spices

0.06599

142.67

170.42

171.1

174.3

172.6

Pickles

0.02476

117.15

126.16

127.9

127.9

127.6

Soya Preparations (Excluding Oil)

0.05937

140.94

142.99

144.0

148.8

147.6

Readymade / Instant Food Powder

0.13927

128.44

139.42

144.4

141.4

143.6

*Figures for May 2012 and June 2012 are provisional

                         This information was given by the Minister of State  for Commerce &     Industry Shri Jyotiraditya M. Scindia  in written reply to a question in Lok  Sabha today.

 

DS/GK

Topics

Acts Income Tax