Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2016
Index Numbers of Wholesale Price in India (Base: 2004-05=100)
Review for the month of November, 2016
Review for the month of November, 2016
The official Wholesale
Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of November,
2016 rose by 0.1 percent to 183.1 (provisional) from 182.9 (provisional) for
the previous month.
INFLATION
The annual rate of
inflation, based on monthly WPI, stood at 3.15% (provisional) for the month of November,
2016 (over November, 2015) as compared to 3.39% (provisional) for the previous
month and -2.04% during the corresponding month of the previous year. Build up
inflation rate in the financial year so far was 4.45% compared to a build up rate
of 0.80% in the corresponding period of the previous year.
Inflation for important
commodities / commodity groups is indicated in Annex-1 and Annex-II.
The movement of the
index for the various commodity groups is summarized below:-
PRIMARY ARTICLES (Weight
20.12%)
The index for this major
group declined by 0.9 percent to 259.4 (provisional) from 261.8 (provisional)
for the previous month. The groups and items which showed variations during the
month are as follows:-
The index for 'Food
Articles' group declined by 1.0 percent to 276.1 (provisional) from 278.8
(provisional) for the previous month due to lower price of fruits &
vegetables (7%), moong and masur (4% each), urad (3%), maize (2%) and
arhar and condiments & spices (1% each). However, the price of ragi (20%),
gram (10%), coffee (10%), wheat (5%), poultry chicken and barley (4% each)
and bajra, fish-inland, tea, fish-marine, egg and jowar (1% each) moved up.
The index for 'Non-Food
Articles' group declined by 0.8 percent to 221.4 (provisional) from 223.2
(provisional) for the previous month due to lower price of sunflower (11%),
groundnut seed and guar seed (5% each), soyabean and flowers (4% each),
linseed, raw cotton and mesta (3% each), coir fibre (2%) and raw wool, fodder,
gingelly seed (1% each). However, the price of raw rubber (5%), sugarcane
(4%), raw silk (3%), raw jute and castor seed (2% each) and copra (coconut), safflower
(kardi seed) and rape & mustard seed (1% each) moved up.
The index for 'Minerals'
group declined by 1.7 percent to 207.4 (provisional) from 210.9 (provisional)
for the previous month due to lower price of magnesite (20%), copper ore
(17%), chromite (5%) and phosphorite (2%). However, the price of manganese ore
(10%), limestone (6%), iron ore (4%) and zinc concentrate (1%) moved up.
FUEL &
POWER (Weight 14.91%)
The index for this major
group rose by 1.8 percent to 190.7 (provisional) from 187.3 (provisional) for
the previous month due to higher price of aviation turbine fuel (9%), bitumen
(6%), furnace oil and high speed diesel (3% each), kerosene and LPG (2% each)
and petrol (1%).
MANUFACTURED
PRODUCTS (Weight 64.97%)
The index for this major
group rose by 0.3 percent to 157.9 (provisional) from 157.4 (provisional) for
the previous month. The groups and items for which the index showed variations
during the month are as follows:-
The index for 'Food
Products' group rose by 0.5 percent to 194.0 (provisional) from 193.0
(provisional) for the previous month due to higher price of wheat flour (atta)
(6%), maida (5%), sooji (rawa) (4%), mixed spices (3%), sugar and copra oil (2%
each) and gola (cattle feed) and soyabean oil (1% each). However, the price of
oil cakes (4%), groundnut oil and gur (3% each), sunflower oil (2%) and tea
dust (unblended), tea leaf (unblended), tea leaf (blended), processed prawn and
bakery products (1% each) declined.
The index for 'Beverages,
Tobacco & Tobacco Products' group declined by 0.1 percent to 221.6
(provisional) from 221.7 (provisional) for the previous month due to lower price
of dried tobacco (2%). However, the price of rectified spirit (3%) and beer
(1%) moved up.
The index for 'Textiles'
group rose by 0.1 percent to 141.8 (provisional) from 141.7 (provisional) for
the previous month due to higher price of tyre cord fabric (5%), gunny and
hessian cloth (2%) and cotton fabric (1%). However, the price of jute
sacking cloth (4%), jute yarn (2%) and jute sacking bag (1%) declined.
The index for 'Wood
& Wood Products' group declined by 1.6 percent to 197.6 (provisional) from
200.8 (provisional) for the previous month due to lower price of plywood &
fibre board (3%).
The index for 'Paper
& Paper Products' group rose by 0.3 percent to 156.4 (provisional) from
155.9 (provisional) for the previous month due to higher price of corrugated
sheet boxes (3%) and cream laid woven paper and printing and writing paper (1%
each). However, the price of paper cartons/boxes (3%) and paper rolls,
newsprint and paper pulp (1% each) declined.
The index for 'Leather
& Leather Products' group rose by 1.1 percent to 147.1 (provisional) from
145.5 (provisional) for the previous month due to higher price of leather
footwear (2%).
The index for 'Rubber
& Plastic Products' group declined by 0.1 percent to 148.4 (provisional)
from 148.5 (provisional) for the previous month due to lower price of rubber
transmission belt, synthetic rubber compound and rubber components & parts
(2% each) tractor tyre, other rubber tubes, plastic components/accessories,
polyester film and reclaimed rubber (1% each). However, the prices of hdpe bag
(2%) and plastic/ldpe/polythene bag, plastic/pvc chappals, plastic rolls and
hdpe woven sacks (1% each) moved up.
The index for 'Chemicals
& Chemical Products' group rose by 0.1 percent to 150.8 (provisional) from
150.7 (provisional) for the previous month due to higher price of thermocol
(3%), hair / body oils (2%) and toilet soap, basic organic chemicals,
non-cyclic compound, safety matches/ match box, ammonium sulphate, washing
soap and dye & dye intermediates (1% each). However, the price of tooth
paste/tooth powder (5%), organic manure and di ammonium phosphate (2% each) and
antibiotics, vitamins and polymers (1% each) declined.
The index for 'Non-Metallic
Mineral Products' group declined by 0.2 percent to 179.9 (provisional) from
180.2 (provisional) for the previous month due to lower price of polished
granite and marbles (1% each). However, the price of asbestos corrugated
sheet and lime (1% each) moved up.
The index for 'Basic
Metals, Alloys & Metal Products' group rose by 0.7 percent to 156.3
(provisional) from 155.2 (provisional) for the previous month due to higher
price of ferro chrome (9%), pig iron (5%), pipes/tubes/rods/strips and sheets
(3% each), wire rods, gp/gc sheets, HRC and steel rods (2% each) and CRC,
melting scrap, steel: pipes & tubes, pencil ingots, billets, aluminium
and sponge iron (1% each). However, the price of silver (2%) and ferro silicon
(1%) declined.
The index for 'Machinery
& Machine Tools' group rose by 0.1 percent to 135.4 (provisional) from
135.2 (provisional) for the previous month due to higher price of t.v.sets and fibre
optic cable (3% each), battery dry cells and insulators (2% each) and grinding
/wet coffee machinery (1%). However, the price of sprinkler (2%) and textile
machinery (1 %) declined.
FINAL INDEX FOR THE
MONTH OF SEPTEMBER, 2016 (BASE YEAR: 2004-05=100)
For the month of September,
2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100)
stood at 183.2 as compared to 182.8 (provisional) and annual rate of inflation
based on final index stood at 3.80 percent as compared to 3.57 percent (provisional)
respectively as reported on 14.10.2016.
Next date of press
release: 16/01/2017 for the month of December, 2016
Office of Economic
Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is
available at our home page http://eaindustry.nic.in
Annexure-I
Wholesale
Price Index and Rates of Inflation (Base Year: 2004-05=100)
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Annexure-II
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Trend of Rate of Inflation for some important items during last
six months
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Commodities/Major
Groups/Groups/Sub-Groups
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Weight (%)
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Rate of Inflation for the last six months
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Nov-16
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Oct-16
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Sept-16
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Aug-16
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July-16
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June-16
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100.00
|
3.15
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3.39
|
3.80
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3.85
|
3.72
|
2.12
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PRIMARY ARTICLES
|
20.12
|
1.25
|
3.31
|
5.36
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7.75
|
9.74
|
6.58
|
|
Food Articles
|
14.34
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1.54
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4.34
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6.39
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8.87
|
12.60
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8.57
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Cereals
|
3.37
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7.32
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6.13
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9.07
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9.51
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9.19
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7.84
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Rice
|
1.79
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4.80
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4.57
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7.10
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7.38
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6.82
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4.89
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Wheat
|
1.12
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10.71
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6.30
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9.97
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10.34
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9.82
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9.82
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Pulses
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0.72
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21.73
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21.80
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23.99
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34.24
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38.33
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26.64
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Vegetables
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1.74
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-24.10
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-9.97
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-10.91
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0.23
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28.45
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17.18
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Potato
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0.20
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36.97
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60.58
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73.60
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67.17
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62.14
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66.14
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Onion
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0.18
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-51.51
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-65.97
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-70.59
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-64.19
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-36.29
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-28.60
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Fruits
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2.11
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2.45
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6.45
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14.14
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13.91
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17.38
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6.42
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Milk
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3.24
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4.19
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4.19
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4.43
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4.20
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3.76
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3.24
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Egg, Meat &
Fish
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2.41
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5.82
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6.20
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7.44
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8.75
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7.52
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6.67
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Non-Food
Articles
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4.26
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-0.14
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1.13
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4.67
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8.72
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9.53
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6.04
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Fibres
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0.88
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14.05
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17.61
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19.32
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25.13
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26.34
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14.59
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Oil Seeds
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1.78
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-5.05
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-3.28
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2.25
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7.21
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5.57
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3.16
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Minerals
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1.52
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1.12
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-2.00
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-3.79
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-7.37
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-17.56
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-11.35
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FUEL & POWER
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14.91
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7.07
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6.18
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5.64
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1.62
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-1.00
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-2.84
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Liquefied
petroleum gas
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0.91
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1.80
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0.06
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-0.74
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-1.85
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-1.35
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-0.98
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Petrol
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1.09
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5.54
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3.57
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1.25
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-8.65
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-10.30
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-8.74
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High speed
diesel
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4.67
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19.26
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19.32
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19.08
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12.15
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6.57
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1.13
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MANUFACTURED
PRODUCTS
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64.97
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3.20
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2.67
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2.54
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2.48
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1.95
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1.30
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Food Products
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9.97
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10.73
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10.48
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11.38
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11.93
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10.72
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8.87
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Sugar
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1.74
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31.76
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29.63
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32.86
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35.36
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32.96
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26.40
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Edible Oils
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3.04
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3.98
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4.59
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6.14
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6.51
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4.92
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3.55
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Beverages,
Tobacco & Tobacco Product
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1.76
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7.36
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7.67
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7.67
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7.72
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6.89
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6.80
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Cotton Textiles
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2.61
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3.74
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2.82
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3.20
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2.29
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1.97
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0.38
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Man Made
Textiles
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2.21
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-0.54
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-0.61
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-1.06
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-2.41
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-3.30
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-3.73
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Wood & Wood
Products
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0.59
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0.56
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2.40
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3.30
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3.04
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0.20
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0.71
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Paper &
Paper Products
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2.03
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1.10
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0.78
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1.10
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1.49
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1.50
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1.70
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Leather &
Leather Products
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0.84
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1.87
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0.90
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0.07
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0.55
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0.48
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0.76
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Rubber &
Plastic Products
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2.99
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1.44
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1.16
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0.61
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-0.34
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-1.07
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-2.27
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Chemicals &
Chemical Products
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12.02
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0.47
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0.07
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-0.07
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-0.33
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-0.26
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-0.33
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Non-Metallic
Mineral Products
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2.56
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0.39
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1.81
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1.64
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2.22
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2.68
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0.74
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Cement &
Lime
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1.39
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0.17
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2.48
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1.95
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3.61
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4.23
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0.92
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Basic Metals
Alloys & Metal Product
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10.75
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2.90
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0.71
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-0.90
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-1.49
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-2.43
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-3.02
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Iron & Semis
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1.56
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2.00
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-2.02
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-6.26
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-6.88
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-8.57
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-7.41
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Machinery &
Machine Tools
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8.93
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0.37
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0.22
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0.22
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0.22
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0.15
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0.15
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Transport
Equipment & Parts
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5.21
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1.30
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1.52
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1.60
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1.60
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1.31
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1.38
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**********
Recognition of Products under GI Classification
260 products have been registered as
Geographical Indications (GIs) since 2003.
Geographical Indications
are covered as an element of Intellectual Property Rights under the TRIPS
Agreement. The Paris Convention for the Protection of Industrial Property does
not mention Geographical Indications; however, Appellations of Origin, which
are a particular kind of Geographical Indications, are covered under the Paris
Convention.
There is no Geographical
Indication registered in the name of Bhut Jolokia green chillies. A list of
products from North Eastern States registered as Geographical Indications is
enclosed at Annexure -A.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today
********
MJPS
ANNEXURE-A
ANNEXURE
REFERRED TO IN REPLY TO PART (c) OF THE RAJYA SABHA UNQUESTION NO. 3057 FOR
ANSWER ON 14TH DECEMBER, 2016.
|
S. No
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Geographical Indications
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Type of Goods (As per Sec 2 (f) of GI
Act 1999 )
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State
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1
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Muga Silk of Assam
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Handicraft
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Assam
|
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2
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Naga Mircha
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Agricultural
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Nagaland
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3
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Assam (Orthodox)
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Agricultural
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Assam
|
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4
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Shaphee Lanphee
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Textile
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Manipur
|
|
5
|
Wangkhei Phee
|
Textile
|
Manipur
|
|
6
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Moirang Phee
|
Textile
|
Manipur
|
|
7
|
Naga Tree Tomato
|
Agricultural
|
Nagaland
|
|
8
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Arunachal Orange
|
Agricultural
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Arunachal Pradesh
|
|
9
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Sikkim Large Cardamom
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Agricultural
|
Sikkim
|
|
10
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Mizo Chilli
|
Agricultural
|
Mizoram
|
|
11
|
Assam Karbi Anglong Ginger
|
Agricultural
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Assam
|
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12
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Tripura Queen Pineapple
|
Agricultural
|
Tripura
|
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13
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Tezpur Litchi
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Agricultural
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Assam
|
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14
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Khasi Mandarin
|
Agricultural
|
Meghalaya
|
|
15
|
Kachai Lemon
|
Agricultural
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Manipur
|
|
16
|
Memong Narang
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Agricultural
|
Meghalaya
|
***********
Temporary Work Visa for IT Professionals
Government of India has taken up the visa as well as social
security issues with the United States (US) both bilaterally and in
other forums from time to time to address the concerns arising out of
the impact of such measures on the domestic industry particularly the
Indian Information Technology (IT) industry. Visa related issues of IT industry have been raised with the US Government at the Ministerial dialogues during the Strategic and Commercial Dialogue in August 2016 and the Trade Policy Forum in October 2016. Also, the matter on US visa fee hike has been raised by India at the World Trade Organisation (WTO), Geneva. India had consultations with the United States on 11-12 May 2016 at the WTO, Geneva under WTO Dispute Settlement Mechanism. India had raised claims on US measures relating to:
i. Fees for L-1 and H-1B visas;
ii. Numerical commitment for H-1B visas.
India is also pursuing for bilateral Totalization Agreement with the US. In the Trade Policy Forum held in October,2016, both the countries acknowledged the ongoing discussions on totalisation and resolved to continue their engagement on the elements required in both countries in order to pursue a bilateral Totalisation Agreement.
During the Trade Policy Forum held in October, 2106, India and the US decided to continue their engagement on visa issues and reiterated their resolve to facilitate the movement of professionals. India would continue the efforts with the new Government of the US under the leadership of their new President Mr. Donald Trump also.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
******************
Service Export from India scheme
The
Government has introduced the Service Exports from India Scheme (SEIS)
w.e.f. 01.04.2015 under the Foreign Trade Policy (FTP), 2015-20
replacing the earlier scheme 'Served from India Scheme’ under the FTP,
2009-15. Under SEIS, the service providers of notified services are
incentivized in the form of Duty Credit Scrips at the rate of 3 or 5% on
their net foreign exchange earnings. These SEIS scrips are
transferrable and can also be used for payment of a number of Central
duties/taxes including the basic customs duty. Apart from services, there is also a scheme for incentivizing export of merchandise/goods. The Merchandise Exports from India Scheme (MEIS) in the Foreign Trade Policy (FTP) 2015-20 operating since April 1, 2015 rewards export of merchandise which are produced/manufactured in India through Duty Credit Scrips which are transferable and can be used to pay Central duties/taxes including customs duties.
SEIS and MEIS schemes are designed to make our exports (both services & goods) globally competitive.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
******
Border Haats
Currently, four border haats are operational, along the
India-Bangladesh border. Two border haats are located in Meghalaya at
Kalaichar and Balat and two are located in Tripura at Srinagar and
Kamalasagar. The trade at border haats is permitted to be carried out in Indian Rupees/Bangladesh Taka and on barter basis, and data of such trade is maintained by the Haat Management Committee of the respective border haat. As per data furnished by the concerned State Governments, cash trade equivalent to Indian Rupees 1686.62 lakhs was carried out at the said four border haats in the five year period ending 2015-16.
There are no border haats in operation along the Bhutan and Myanmar borders.
In addition to the four functional border haats, Government of India and Government of the People’s Republic of Bangladesh have approved six more border haats-two in Tripura at Palbasti and Kamalpur and four in Meghalaya at Bholaganj, Nalikata, Shibbari and Ryngku.
Government of India has also executed a Memorandum of Understanding (MoU) with Government of the Republic of Union of Myanmar on establishment of border haats along their border.
The border haats aim at promoting the wellbeing of the people dwelling in remote areas across the borders of two countries, by establishing traditional system of marketing the local produce through local markets.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2016
Reviewed by Ajit Kumar
on
5:59 PM
Rating:
Reviewed by Ajit Kumar
on
5:59 PM
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