Inflation based on Wholesale Price Index has been in the negative zone since November last year. It was (-)4.54 per cent in September. In October last year, it was 1.66 per cent.
Retail inflation in pulses and products category has risen after prices of lentils reached as high as Rs 210/kg, while that of spices have witnessed rose 9.2 per cent, it said.
Despite weak rural demand, the company clocked a 4.74 per cent rise in total income at Rs 7,819.64 crore for the quarter as against Rs 7,465.54 crore in the previous year.
The headline inflation has been negative since November 2014 while it was 2.38 per cent in Sept.
MS Swaminathan, geneticist who’s renowned for his pioneering role in India’s Green Revolution, talks about India’s rural economy.
Pronab Sen said that the divergence between WPI and retail inflation would gradually equalise.
The government and RBI, apart from industry, need to rediscover their appetite for adventure.
Retail inflation measured by the consumer price index (CPI) eased to 3.66 per cent in August due to a slower rate of price rise in vegetables, fruits and protein items, except pulses.
The annual rate of inflation stood at 3.85 percent in the corresponding month of the previous year, according to data released by the commerce and industry ministry.
“One should not forget that there is a new series of national accounts in place but the economy is the same,” he said.
CEA expresses hope that growth will be close to 8 per cent in 2015-16.
RBI Governor went against the views of four out of seven members in the TAC.
Economy stabilised, ‘significant improvement’ can be expected during the current fiscal, says Centre
Retail inflation has halved over the 19 months from double digit levels, giving the RBI scope to ease policy rates to help boost growth.
The central bank continues to misread the situation because it persists in using year-on-year data.