Economy
WPI rose to 0.8 per cent in May from (-) 2.20 per cent
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The model GST law brings all e-commerce transactions under GST
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Govt to review prize rise
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Consumer Price Index accelerated to 5.76 per cent in May
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Microsoft CEO Satya Nadella outlined his thoughts on the LinkedIn buy
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Central Bank revised the norms for banks to undertake debt restructuring
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Public sector banks have increased their presence across the country
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Real Estate Investment Trusts
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Exim Bank looking to disburse $10 billion to Africa in the next three
years
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Remittances take a hit due to falling oil prices (Only
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The government is signing long term crude deals at discounted prices (Only
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Among the 12 Major Ports, Mormugao Port occupied the top slot (Only
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A revolutionary new way of tackling climate change developed (Only
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Renewable energy sector has for the first time surpassed hydro power
generation
Manufacturing contracted 3.1 percent(Only
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RBI Governor asks for better coordination among countries (Only
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Food Ministry proposes 25 % duty on sugar export (Only
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India has surpassed Japan in oil-consumption (Only
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Inflation to average 5 % in 2016-17 (Only
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RBI keeps rates unchanged (Only
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India will submit proposal on Trade facilitation in services to WTO(Only
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Real Estate Investment Trusts to be made more attractive (Only
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Public sector banks will be empowered and protected from witch-hunting
says FM (Only
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TRAI seeks views on in-building access for telecom operators (Only
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Foreign investment banks are fast losing turf to their Indian
counterparts (Only
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New base year for IIP and WPI by year end (Only
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Study shows that India's black economy contracting (Only
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Institutional framework for better collection and analysis of services
data (Only
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India Post gets the nod for starting payments bank (Only
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IMF clears bailout package for Sri Lanka (Only
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National Aviation policy to come soon(Only
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Govt gets in-principle approval for Farzad-B gas project of Iran (Only
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Govt to provide 17000 crores for grid connected solar rooftop systems (Only
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Central Bank focuses on cyber security policy (Only
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Government plans to set up 250 small agro-processing cluster (Only
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OPEC did not change production after recovery (Only
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The Cabinet approved amending public sector recruitment rules (Only
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The government is considering an ‘outcome-linked’ payment package for
NIIF CEO (Only
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Government to come out with MSME policy (Only
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India maintains its position of fastest growing major economy (Only
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Core sector growth remained positive for the fifth consecutive month (Only
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Credit rating agency Fitch says public sector banks credit profile
worrisome (Only
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India’s global competitiveness rank rose three notches to 41 from a year
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With the increased vigil of SEBI, P-Notes investment at 20 months low (Only
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Govt mulling over local sourcing norms for Apple (Only
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Start-up backs new e-learning model (Only
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To encourage solar power generators a policy on solar zones (Only
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Cloud Technology is improving the experience (Only
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Certain changes might be required for Bankruptcy code (Only
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Transition to Bharat Stage VI norms a big challenge to industries (Only
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Twitter considering roll out of Twitter Seva to other countries (Only
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FDI inflow recorded $40 billion (Only
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The Centre is set to regulate private employment agencies (Only
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Tata group made foray into eco mercy throug TataCLiQ.com (Only
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India to WTO Dispute Settlement Body for adjudicating its dispute with
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Food processing sector to attract more FDI (Only
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RBI governor says China may face sharp slowdown (Only
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Cabinet approved the first-ever policy for capital goods sector (Only
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Govt to auction small and marginal oil fields (Only
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IOR nations decided to evolve mechanism on Special Economic Zones (Only
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Govt. aims at top 30 slot for ease of doing business (Only
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India needs to tighten security norms to deal with the threats that
cybercrime (Only
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RBI warned banks to be on guard against misuse of jan dhan account (Only
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Govt. relaxes licence fees for India-controlled ships (Only
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Benefits of lower prices will be extended to medium and long-term as
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RBI governor says speeding up structural reforms is politically
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RBI Governor pitches for better business environment (Only
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FM reiterates need for greater competition sectors such as public
transport (Only
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Money earned through corrupt practices not with in black money scheme (Only
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Bank Board Bureau is working out an intermediate mechanism for NPAs (Only
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Apple opened its first development centre in India to work on Apple Maps (Only
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TRAI issued a consultation paper on free data (Only
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The hybrid annuity model is beginning to find some traction (Only
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Consolidation of associates of SBI will help in global sized
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Anti-dumping duty imposed on seamless tubes, steel pipes (Only
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Govt increased age for drawing pension (Only
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A system similar to Tatkal to expedite examination of patent (Only
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Govt is finding it difficult to identify members for NPA of public
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Gross market borrowing of the state Govt to increase (Only
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WPI move out of deflationary territory after 17 months (Only
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World Bank approves $625 million loan for rooftop solar power (Only
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FM ruled out any depletion of FDI due to imposition of capital gains tax (Only
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SC to decide on validity of levy on miners (Only
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WPI rose to 0.8 per cent in May from (-) 2.20 per cent
Wholesale price inflation rose to 0.8 per cent in May from (-) 2.20 per
cent a year ago, driven by higher food prices, making it difficult for the
central bank to reduce interest rates in the short-term.
This is the second month in succession that the WPI is remaining in
positive territory. Last month, inflation as measured by the wholesale price
index (WPI) was at 0.34 per cent, its first gain in 18 months, according to
data released by the Centre.
The acceleration in WPI, coming as it does after a quickening of retail
inflation in the same month, makes it even more unlikely that the Reserve
Bank of India will cut interest rates shortly, according to economists.
The WPI rose due to food inflation which shot up to 7.9 per cent from
4.2 per cent in April. The same trend could be seen in retail inflation as
well where only the food category accelerated inflation.
Food continued to push the headline print higher while the effect of
rising global commodity prices was also larger in the index due to its close
correlation with domestic prices.
The fuel and power segment in the WPI contracted 6.1 per cent in May
compared to a contraction of 4.8 per cent in April.
This was led bythe mineral oil segment, which contracted 9.6 per cent in
May compared to a contraction of 7.9 per cent in the earlier month.
Inflation in manufactured goods rose marginally to 0.9 per cent in May
from 0.7 per cent in April.
Overall, the view is that rising inflation coupled with poor industrial
growth is a worrying trend.