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)
P-Provisional
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.
|
India is a land of diverse cultures and traditions. Each region of the country has a unique culture, which is also prominently visible in its various art forms. Almost all the regions of the country have their specific folk music and dance, which proves to be a wonderful way of expression of their community and its traditions. Though these folk dances are not as complex as the classical dance forms, they are very beautiful, because of the essence of rawness in them. Be it the Bihu of Assam, Dol-Cholom of Manipur, Hikal of Himachal Pradesh or Chhau of Bihar, each of the Indian folk dance forms comes across as a reflection of the deep sited beliefs and traditions of a particular culture. The folk dances of any community are performed on almost every special occasion and festival, to express elation and joy. These dances are also considered to be auspicious by many of the tribal communities in the country. Many folk dances are dedicated to the presiding deity of the specific commu...
Comments
Post a Comment