Inflation likely to ease by year-end: Survey

July 9, 2014

Inflation Survey New 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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Not an inch of our land can be taken by any power in the world: Rajnath Singh

News Network

July 17,2020

Lukung, Jul 17: Union Defence Minister Rajnath Singh on Friday assured that not an inch of our land can be taken by any power in the world while he interacted with the Indian Army and ITBP personnel at Lukung.

Referring to the India-China border standoff, he said, "Talks are underway to resolve the border dispute but to what extent it can be resolved I cannot guarantee. I can assure you, not one inch of our land can be taken by any power in the world."

Emphasising on finding a diplomatic solution to the standoff, he further said, "If a solution can be found by talks, there is nothing better."
"Recently what happened between troops of India and China at PP14, how some of our personnel sacrificed their lives protecting our border. I am happy to meet you all but also saddened because of their loss. I pay my tributes to them," he added.

Singh interacted with the Army and Paramilitary troops here along with Chief of Defence Staff General Bipin Rawat and Army Chief General MM Naravane.

Earlier today, the Defence Minister witnessed para dropping and scoping weapons here. He also inspected a Pika machine gun.

Indian Army T-90 tanks and BMP infantry combat vehicles carried out the exercise at Stakna, Leh in presence of Singh, Chief of Defence Staff and Army Chief.

Defence Minister is on a two-day visit to Ladakh and Jammu and Kashmir. He will take stock of the situation at both the Line of Actual Control (LAC) and the Line of Control (LOC).

While Pakistan constantly violates ceasefire from across the LoC, China has continued to intrude into Indian territory in Ladakh region in recent past, escalating tensions between India and its eastern neighbour.

On June 15, twenty Indian soldiers laid out their lives during combat with Chinese forces in Galwan valley, leading to tensions between both nations. Chinese soldiers subsequently started moving back following dialogues between two countries through the military level and diplomatic level.

Singh was accompanied by the Chief of Defence Staff General Bipin Rawat and Army Chief General MM Naravane.

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Low pressure over Arabian sea to intensify into ‘cyclonic storm’ soon, says IMD

Agencies

May 31,2020

New Delhi, May 31: A low pressure area formed over Arabian sea and Lakshadweep is likely to intensify further into a cyclonic storm and reach coastal states of Maharashtra and Gujarat next week, the Indian Meteorological Department (IMD) said on Sunday.

Sunitha Devi, in charge of cyclones at IMD, said, "A low pressure area has formed over southeast and adjoining east central Arabian sea and Lakshadweep area. It is very likely to concentrate into a depression during the next 24 hours and intensify further into a cyclonic storm during subsequent 24 hours."

She added, "It is likely to move nearly northwards and reach near north Maharashtra and Gujarat coasts by 3rd June."

A low pressure area and a depression are the first two levels on the IMD's eight-category scale used to classify cyclones based on their intensity.

The weather bureau said that the sea condition will be very rough and advised fishermen not to venture into the sea till June 4.

It has forecast heavy to very heavy rainfall over south coastal Maharashtra for June 2-4, on north coast on June 2-3 and in Gujarat, Daman and Diu and Dadar and Nagar Haveli on June 3-5.

IMD said that under the influence of likely formation of a low pressure system over Arabian Sea, conditions will become favourable from June 1 for onset of monsoon over Kerala.

The arrival date for monsoon in Kerala is around June 1 every year and in Maharashtra around June 10.

On Saturday, a private forecasting agency claimed that monsoon has already hit Kerala, but the assertions were quickly rebutted by the Ministry of Earth Sciences.

"The news about monsoon onset over Kerala in Social Media is not correct. Monsoon has not arrived over Kerala. The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge a"Stephen Hawking," saidAMadhavan Rajeevan, Secretary, Ministry of Earth Sciences.

Kuldeep Srivastava, the head of IMD's Regional Weather Forecasting Centre said that the formation of a low pressure system in Arabian sea and its movement towards Gujarat coast will bring moisture to Delhi-NCR and North West India from June 3.

Two storms are forming over the Arabian Sea, one lies off the African coast and is likely to move over Oman and Yemen, while the other is placed close to India.

The development comes almost ten days after 'Amphan' pummeled four districts of Bengal in the fiercest cyclone in the region in a century, that left 86 people dead and rendered ten million people homeless.

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According to IMD alert appeared in some newspapers on 31 May 2020 , a cyclonic storm is brewing in the Arabian Sea , which is likely to reach coastal districts of Gujarat and Maharashtra by 3 June. It is expected that the these States would take more care and appropriate strategy well in time to combat the likely danger to the coastal districts from cyclonic storm designated as ‘Nisarga’. In this context , it may be apt to refer readers to this Vedic astrology writer’s predictive alerts in article - “ Predictions for coming year 2020 by kushal kumar” - published last year 2019 on 10 October at theindiapost.com/articles/predictions-for-coming-year-2020-by-kushal-kumar/. The related text of the predictive alert reads as follows in the said article :-

“ The next three months from April to June 2020 , appears to be a period of time testing ‘patience’ and ‘ perseverance’ , introducing several parts of the country to worrisome concerns. Coastal States of India , particularly those in the southern part , may be called upon to take more care and appropriate strategy against likely cyclones , storms , floods , coming of danger via sea , landslide and damage to crops during April-June in 2020. Such dates of month of May as 6 , 7 , 13 to 16 , 25 and 26 may be watched with care. Similarly , the dates 3 , 4 , 11 to 13 , 21 , 22 and 26 in June 2020 may be watched with care. Coastal States /UTs such as Gujarat , some parts of Maharashtra ……………………………………look to be vulnerable. It may be apt for them to take necessary precautions during May-June , 2020”.

The aforesaid details suggest that the predictive alert of this writer published last year 2019 on 10 October , is coinciding with the alert of IMD appeared near about 31 May , 2020.

Kushal kumar ,

202- GH28 , Mansarovar Apartments ,

Sector 20 , Panchkula -134116 , Haryana.

1 June , 2020.

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Shiv Sena: Police machinery used to help terrorists in Kashmir

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January 18,2020

Jan 18: Days after the arrest of Deputy SP Davinder Singh along with two Hizbul Mujahideen terrorists, Shiv Sena on Saturday questioned the role of police in the Kashmir Valley.

"Cross border infiltration is ongoing in Kashmir. But the police machinery is being used to help the terrorists in Kashmir to safely cross the border (to Pakistan) and a President's medal awarded Deputy SP was arrested for doing so. In Kashmir (it seems), the government is using the police for some other purposes, what will the country's Home Ministry say if somebody has a doubt in connection with the Pulwama attacks," Sena mouthpiece, Saamna, read.

This was in reference to the incident in which Jammu and Kashmir police intercepted a vehicle on Sunday and arrested DySP Davinder Singh along with two top Hizbul Mujahideen terrorists, who were travelling together.

The Sena mouthpiece asserted that the impact and acceptance of the Centre removing Article 370 should be visible "through the people" during the upcoming Republic Day celebrations.

"Jammu and Kashmir is now a Union Territory. It is being ruled by the Centre through President's Rule. The government had removed Article 370 in a historic decision...The joy and excitement in the people over the removal of 370 should be visible in the Republic Day celebrations this time. The tricolour should be seen flying over all houses in Kashmir, it is the least that can be expected," it added.

The Sena mouthpiece further said that with the arrest of terrorists in the recent days, it hoped that "Republic Day will be celebrated safely in Delhi, Jammu and Kashmir".

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