The general and sector-wise inflation interims of Wholesale Price Index (WPI) since October 2011 is given below:
Wholesale Price Inflation (Year-on-Year in per cent)
Overall inflation in March, 2012 for all major groups was lower compared to the rate of inflation in October, 2011. In case of primary articles, however, inflation after declining to 2.76 per cent in January, 2012 increased to 9.62 per cent in March, 2012. Apart from the base effect, increase in the inflation of primary articles was largely on account of persistently high inflation for protein rich items like milk and “egg, meat and fish”.
Inflation for 31 essential commodities has declined from 18.5 per cent in March, 2010 to around 5 per cent in January 2012 before inching upward to 8.9 per cent in March 2012 mainly due to high inflation in protein rich items on account of structural demand supply imbalances.
The Reserve Bank took necessary monetary measure to contain inflation. The repo rate under the Liquidity adjustment facility (LAF) was cumulatively increased by 375 basis points between March 2010 and October 2011 to 8.5 per cent. With moderation of inflation beginning December, 2011 and in view of decelerating growth, the policy rates were reduced by 50 basis points. The policy action is intended to : (i) Adjust policy rates to levels consistent with the current growth moderation, (ii) guard against re-emergence of the risks of demand-led inflationary pressures re-emerging and (iii) provide a greater liquidity cushion to the financial system.
The Union budget for 2012-13 has proposed certain specific supply side measures which could improve the inflation situation, particularly in case of protein rich items.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.
Youth of North-East India: Demographics and Readership (Highlights) Union Human Resource Development Minister Dr M M Pallam Raju , will release a report Youth of North-East India: Demographics and Readership in New Delhi tomorrow, 20 th November, 2012. Ministers of State for HRD, Sh Jitin Prasada and Dr Shashi Tharoor would also be present on the occasion. This focused Report attempts to give an analytical and detailed account of the reading habits of the literate youth in the north-eastern states and their exposure to different forms of media, and how diverse socio-economic and motivational factors impact their reading habit. The reading of ‘leisure or non-text books’ among the literate youth is the special focus of the study. The Report is a follow-up study of the National Youth Readership Survey (2009-10) assigned to National Council of Applied Economic Research (NCAER) by the NBT under the National Action Plan for the Readership Development amon