After 17 months, WPI inflation is positive at 0.34%
The Dollar Business Bureau After a gap of 17 months, the inflation based on Wholesale Price Index (WPI) has turned positive in the month of April this year. It has exceeded the industry expectations to be mildly negative, following a sharper than anticipated rise in food and core inflation. The WPI inflation for the last month rose up to 0.34% over -0.85% in March and -2.43% during the same month in the previous year, as per the data released by the Ministry of Commerce & Industry on Monday. Aditi Nayar, Senior Economist at ICRA said that wholesale primary food prices registered 2% growth in April 2016 when compared to upsurge of 1.9% in 2014 and 1.5% in 2015. The trend of falling ...
Union Budget 2014-15 Feedback
He says that the Finance Minister did not reduce the import duty on gold even by 2-3% (from the current 10%) which means that smuggling of gold will continue. Vipul Shah said that the Modi government’s maiden budget did not signal any bold reforms. However, he added that the Gem & Jewelry sector is happy that its recommendations for rationalization of import duty on broken diamonds and withdrawal of import duty on pre-forms of semiprecious and precious stones have been accepted. “Also the rationalization of import duty on processed diamonds to 2.5% will help the domestic manufacturing sector,” he said. IOPEPC: Budget is the first step, India needs a favourable FTP Kishore Tanna, Chairman, Indian Oilseeds And Produce Export ...
