Trade increase eases to 9.87 per cent in December

 
Retail price rises declined to 9.87 per cent in December, the buck in three months, on the flipside of self-control in vegetable cost rise, regime data showed on Monday.

Retail price rises based on the Consumer Price Index (CPI) was 11.16 per cent in November.

Increase for food and beverages eased to 12.76 per cent in December from 14.72 per cent recorded in the earlier month, according to data at large by the Central Statistics Office (CSO).

RBI extends concern date of increase-indexed bonds to Mar 31

 
The Reserve Bank of India on Monday extensive the time for issuance of increase indexed bonds to March 31, 2014 from in advance date of Dec 31, 2013.

The RBI in discussion with government in advance this month launched price increases Indexed National Saving Securities- Cumulative (IINSS-C) that were open for donation connecting December 23-31.

"On review, now it has been decided to lengthen the issuance of price increases Indexed nationwide reduction Securities-snowballing plow March 31, 2014. The issuance can be congested former than March 31, 2014 with a aforementioned perceive," RBI said in a liberate.

The least amount edge for speculation is Rs 5,000 and the utmost edge is Rs 5 lakh per candidate per annum.

Those, Hindu complete relations, benevolent institutions and universities are qualified for contribution.
Attention velocity would be linked to Consumer Price Index (CPI). charge would encompass two parts-fixed rate (1.5 per cent per annum) and price increases rate based on CPI. The identical will be compounded in the most important on half-yearly foundation and salaried at the time of ripeness.

Near the beginning redemptions, to be permitted only on voucher dates, will be acceptable after one year from date of concern for elder populace (65 years and above of age) and 3 years for all others, topic to punishment charges at the rate of 50 per cent of the last voucher billed for before time liberation.

These securities will be issued in the form of Bonds Ledger Account (BLA). The securities in the form of BLA will be issued and detained with RBI and as a result RBI will act as innermost reservoir.

As sharing or sale of bonds would be from first to last banks, the Ministry supposed investors may move toward branches of State Bank of India and its relate banks and all nationalised banks.

Suitable investors can also obtain bonds from three personal segment banks -HDFC Bank, ICICI Bank and Axis Bank-and Stock asset business of India.

These bonds are launched as instruments that will look after savings from increase, mainly the savings of the reduced and focal point module.

Inflation for factory workers slips to 10.75% in August

New Delhi: Retail inflation for industrial workers eased marginally to 10.75 percent in August as compared to 10.85 percent in the previous month, mainly on account of lower prices of fruits, vegetables and edible oil.

However, retail inflation measured in terms of all India Consumer Price Index for Industrial Workers (CPI-IW) during August was higher than 10.31 recorded in the same month last year.

"The year-on-year inflation measured by monthly CPI-IW stood at 10.75 percent for August, 2013 as compared to 10.85 percent for the previous month and 10.31 percent during the corresponding month of the previous year," a Labour Ministry statement said.

"... The food inflation stood at 13.91 percent against 14.10 percent of the previous month and 12.20 percent during the corresponding month of the previous year," it stated.

The largest upward pressure to the change in current index came from food group, contributing 1.58 percentage points to the total change.

At item level, rice, wheat, wheat atta, goat meat, dairy milk, milk (cow & buffalo), onions, chillies, tea (readymade), firewood, doctors' fee, private tuition fee, secondary school books, petrol, tailoring charges are responsible for the rise in index.

However, this was compensated to some extent by groundnut oil, fish, fresh vegetables and fruit items, putting downward pressure on the index.

According to a press release, all-India CPI-IW for August rose by 2 points, and pegged at 237. On a one-month percentage change, it increased by 0.85 percent between July and August compared with 0.94 percent between the same two months a year ago.

At centre level, Chindwara recorded the highest increase of 8 points each followed by Jalpaiguri and Siliguri (7), Durgapur (10) and Ranchi, Hatia, Nagpur, Kolkata, Asansol and Tiruchirapally (6 each).

Among others, 5 points rise was registered in 8 centres, 4 points in 6 centres, 3 points in 12 centres, 2 points in 13 centres and 1 point in 19 centres.

On the contrary, Goa reported a decline of 5 points, followed by Ernakulam, Quilon and Surat (2 each) and 3 other centres by 1 point each. Rest of the 6 centres'indices remained stationary.

The indices of 39 centres are above All-India Index and other 38 centres' indices are below national average. The index of Tiruchirapally centre remained at par with all-India index.