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August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.

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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