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Inflation likely to ease by year-end: Survey

July 9, 2014

Inflation SurveyNew Delhi, Jul 9: India's wholesale as well as retail inflation is likely to decline by the end of this year, a government survey said Wednesday.

However, it warned that prices may spike if the monsoon remains sub-normal.

The Economic Survey 2013-14 presented in parliament by Finance Minister Arun Jaitley said both the Wholesale Price Index (WPI) and the Consumer Price Index (CPI) based inflation have declined in the past two financial years and the trend is expected to continue.

"The WPI inflation is expected to moderate by the end of 2014," the survey released a day ahead of the national budget said.

However, there are risks to the outlook for inflation from a possible sub-normal monsoon during 2014-15 as predicted by the India Meteorological Department on account of the El-Nino effect, a possible step up in the pass-through of international crude oil prices and exchange rate volatility, it added.

According to the survey, the average wholesale price-based inflation fell to a three-year low of 5.98 percent in the financial year ended March 31, 2014 as against 7 percent and 9 percent posted in the previous two years respectively.

Consumer price-based inflation, though higher than the WPI, has also exhibited signs of moderation. It declined from 10.21 percent in 2012-13 to about 9.49 percent in 2013-14.

Food inflation, however, remained stubbornly high during the financial year 2013-14, reaching a peak of 11.95 percent in the third quarter.

"High inflation, particularly food inflation, was the result of structural as well as seasonal factors. Contribution of the commodity sub-groups, 'fruits and vegetables', as well as 'egg, meat and fish' to the food inflation has been very high," the survey report said.

Inflation in non-food manufactured product (WPI core) has remained benign throughout the year, with average inflation moderated to a four year low of 2.9 percent in 2013-14, which indicates that underlying pressures of broad-based inflation have somewhat eased.

The International Monetary Fund (IMF) has projected that most global commodity prices are expected to remain flat during 2014-15, which augurs well for inflation in emerging markets and developing countries including India, the report said.

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News Network
March 30,2020

Thiruvananthapuram, Mar 30: Kerala reported 32

fresh cases of coronavirus on Monday, with the worst affected Kasaragod district alone accounting for 17 cases.

Kannur reported 15 cases, while Wayanad and Idukki reported two each, Chief Minister Pinarayi Vijayan told reporters here after a COVID-19 review meeting.

Of the 32 cases, 17 had come from abroad and 15 had been infected through contact.

A total of 213 people are presently under treatment in Kerala.

At least 1.50 lakh people are under surveillance in the state and 623 are in isolation wards of various hospitals.

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News Network
February 2,2020

Beijing, Feb 2: India on Sunday temporarily suspended e-visa facility for Chinese travellers and foreigners residing in China in view of the virulent coronavirus that has killed more than 300 people, infected 14,562 others and spread to 25 countries, including India, the US and the UK.

“Due to certain current developments, travel to India on e-visas stands temporarily suspended with immediate effect," the Indian Embassy announced.

“This applies to holders of Chinese passports and applicants of other nationalities residing in the People's Republic of China. Holders of already issued e-visas may note that these are no longer valid," the announcement said.

“All those who have a compelling reason to visit India may contact the Embassy of India in Beijing or the Indian consulates in Shanghai or Guangzhou, as well as the Indian Visa Application Centres in these cities," it said.

On Sunday, India airlifted a second batch of 323 stranded Indians and seven Maldivian citizens from coronavirus-hit Wuhan city, taking the total number of people evacuated to 654.

Air India's jumbo B747 made two flights to Wuhan city - the ground zero of the coronavirus epidemic. In the first flight on early Saturday, 324 Indians were evacuated and on Sunday another 323 Indians and seven Maldivian citizens were flown back.

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dinah
 - 
Friday, 14 Feb 2020

It's not surprising for countries to restrict. it just feels wrong to treat them that way specially those who are not really infected. It could really hurt their feelings.

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Agencies
July 31,2020

Thiruvananthapuram, Jul 31: In Kerala, the prisoners will now work as employees in petrol pumps and take home a salary, as the Kerala government has rolled out Petrol Pumps from jail premises in association with Indian Oil Corporation.

Speaking to news agency, Rishiraj Singh, Jail DGP said that initiative to employ jail inmates in petrol pumps was taken as in Kerala there are many projects of which prisoners are a part of and are being employed.

"In petrol pumps, 15 jail inmates will be employed at each pump. The outlets of Thiruvananthapuram, Viyyur and Cheemeni jails have been started to function from today. 

Many express doubt whether the prisoners will try to escape. But my experience working with them prove otherwise. They are managing five cafeterias in the state and selling food prepared by them. We pay them Rs 220 per day for their work and the jail inmates are running it successfully particularly at COVID-19 times," he said.

The Indian Oil Corporation is investing around Rs 9.5 crore to set up four petrol pumps at the jail premises. The share of the jail department is Rs 30 lakh for setting up petroleum outlet. Other than the three presently, it will also be started in Kannur jail.

"The land has been leased to the Indian Oil Corporation for 30 years. The prisoners are employed here and for that, they underwent a training in petrol pump of IOC and the uniform will also be supplied by them, " said Rishiraj Singh About 25 cents in Thiruvananthapuram, 39 cents in Kannur, 25 cents in Viyur and 25 cents in Cheemeni open jail have been allotted.

Through this, the government will get Rs 5.9 lakh per month in rent. 

It also plans to expand the project in the future by setting up a CNG and electrical charging station. 

The petrol pumps will be also accompanied by public comfort stations.

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