India’s WPI inflation declined to near 2-year low at 2.02 per cent in June 2019

India’s wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June 2019, helped by decline in prices of vegetables as well as fuel and power items, according to official data. The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May 2019. It was […]

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India’s Wholesale Price Index inflation rises to 3.18% in March 2019 on costlier food, fuel; retail inflation rises by 2.86%

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]

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Encouraged by the government, Indian distillers to add 250 million litres of new capacity for ethanol

Encouraged by the government’s decision to allow production of ethanol directly from sugarcane, independent distilleries are planning to commence their operations in October this year. The decision assumes significance in the wake of bumper cane output this year, the second year in a row. The government of India has announced interest subvention for both, greenfield and brownfield […]

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India’s Wholesale Price Index rises to 4-month high at 3.18 per cent in April, 2018

India’s wholesale price inflation (WPI) rose to a four-month high of 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables. Wholesale Price Index (WPI)-based inflation stood at 2.47 per cent in March and 3.85 per cent in April last year. WPI inflation, which was on a […]

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IMO sulphur reduction deadline to hit the world of commodities

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The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already reeling from its worst downturn in decades. In an attempt to curb emissions from ships, the UN International Maritime Organization (IMO) has placed a cap on sulphur content in marine fuel oil […]

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