Category Archives: Economics

The All-India CPI-IW for July, 2016 increased by 3 points and pegged at 280

01 Thursday Sep 2016

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The All-India CPI-IW for July, 2016 increased by 3 points and pegged at 280 (two hundred and eighty). On 1-month percentage change, it increased by (+) 1.08 per cent between June, 2016 and July, 2016 when compared with the increase of (+) 0.77 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.65 percentage points to the total change. The House Rent index furtehr accentuated the overall index (+) 0.86 percentage points. At item level, Rice, Wheat, Wheet atta, Besan, Black Gram, Gram Dal, Groundnut Oil, Eggs (Hen), Poultry (Chicken), Milk, Chillies Green, Garlic, Onion, Brinjal, Cabbage, Cauliflower, Gourd, Palak, Potato, Pumpkin, Banana, Sugar etc. are responsible for the increase in index. Howerer, this increase was checked by Fish Fresh, French Beans, Tomato, Electriccity Charges, Petrol, etc. putting downward pressure on the index.

 The year-on-year inflation measured by monthly CPI-IW stood at 6.46 per cent for July, 2016 as compared to 6.13 per cent for the previous month and 4.37 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 9.34 per cent against 8.33 per cent of the previous month and 3.21 per cent during the corresponding month of the previous year.

At centre level, Bokaro reported the maximum increase of 11 points followed by munger-Jamalpur(10) points, Girdhi, Agar and Delhi (9)points each. Among others, 7 points increase was observed in 4 centres, 6 poiints in 10 centres, 5 points in 5 centres, 4 points in 9 centres, 3 pints in 8 centres, 2 pints in 8 centres, 5 pionts in 5 centres, 4 points in 9 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 5 centres. On the contray, Mysore recorded a maximum decrease of 6 points followed by Mundakkayam and Coimbatore (5 points each), and Hubli Dharwar and Ernakulam (4 points each). Among others, 3 points decrease was observed in 4 centres, 2 points in 2 centres adn 1 point in 5 centres. Rest of the 8 centres’ indices remained stationary.

The indices of 33 centres are above All-India Index and other 43 centres indices are below national average. The indices of Vishakhapatnam and Mundakkayam centres remained at par with All-India Index.

The next issue of CPI-IW for the month of August, 2016 will be released on Friday, 30th September, 2016. The same will also be available on the office website http://www.labourbureaunew.gov.in.

simplification and liberalisation of the Foreign Direct Investment Policy, 2016

31 Wednesday Aug 2016

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Cabinet approves simplification and liberalisation of the Foreign Direct Investment Policy, 2016 in various sectors
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post-facto approval for the FDI policy amendments announced by the Government on 20th June, 2016. The FDI policy amendments are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country leading to larger FDI inflows contributing to growth of investment, incomes and employment.  The details are as follows:

  1. Radical Changes for promoting Food Products manufactured/produced in India

It has now been provided that 100% FDI under government route for trading, including through e-commerce, is permitted in respect of food products manufactured and/or produced in India.

 Foreign Investment in Defence Sector up to 100%

Earlier FDI regime permitted 49% FDI participation in the equity of a company under automatic route. FDI above 49% was permitted through Government approval on case to case basis, wherever it is likely to result in access to modern and ‘state-of-art’ technology in the country. In this regard, the following changes have inter-alia been brought in the FDI policy on this sector:

  1. Foreign investment beyond 49% has now been permitted through government approval route wherever it is likely to result in access to modern technology or for other reasons to be recorded.
  2. FDI limit for defence sector has also been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959.
  1. Review of Entry Routes in Broadcasting Carriage Services

FDI policy on Broadcasting carriage services has also been amended. New sectoral caps and entry routes are as under:

 

Sector/Activity New Cap and Route
5.2.7.1.1

(1)Teleports(setting up of up-linking HUBs/Teleports);

(2)Direct to Home (DTH);

(3)Cable Networks (Multi System operators (MSOs) operating at National or State or District level and undertaking upgradation of networks towards digitalization and addressability);

(4)Mobile TV;

(5)Headend-in-the Sky Broadcasting Service(HITS)

 100%

 

Automatic
5.2.7.1.2 Cable Networks (Other MSOs not undertaking upgradation of networks towards digitalization and addressability and Local Cable Operators (LCOs))
Infusion of fresh foreign investment, beyond 49% in a company not seeking license/permission from sectoral Ministry, resulting in change in the ownership pattern or transfer of stake by existing investor to new foreign investor, will require FIPB approval 

 4.Pharmaceutical

The earlier FDI policy on pharmaceutical sector provides for 100% FDI under automatic route in greenfield pharma and FDI up to 100% under government approval in brownfield pharma. With the objective of promoting the development of this sector, 74% FDI under automatic route has been permitted in brownfield pharmaceuticals. FDI beyond 74% would be permitted through Government approval route.

  1. Civil Aviation Sector

(i)     The earlier FDI policy on Airports permitted 100% FDI under automatic route in Greenfield Projects and 74% FDI in Brownfield Projects under automatic route. FDI beyond 74% for Brownfield Projects is under government route.

(ii)   With a view to aid in modernization of the existing airports to establish a high standard and help ease the pressure on the existing airports, 100% FDI under automatic route has now been permitted in Brownfield Airport projects.

(iii) As per the earlier FDI policy, foreign investment up to 49% was allowed under automatic route in Scheduled Air Transport Service/ Domestic Scheduled Passenger Airline and regional Air Transport Service. This limit has now been raised to 100%, with FDI upto 49% permitted under automatic route and FDI beyond 49% through Government approval. For NRIs, 100% FDI will continue to be allowed under automatic route. Foreign airlines would continue to be allowed to invest in capital of Indian companies operating scheduled and  non-scheduled air-transport services up to the limit of 49% of their paid up capital.

 6.Private Security Agencies

The earlier policy permitted 49% FDI under government approval route in Private Security Agencies. Since Private Security Agencies are already required to get license under PSAR Act 2005, the requirement of putting them through another line of Government approvals through FIPB has now been done away with for FDI up to 49%.  Accordingly, FDI up to 49% is now permitted under automatic route in this sector. FDI beyond 49% and upto 74% is permitted through Government approval route.

  1. Establishment of branch office, liaison office or project office

For establishment of branch office, liaison office or project office or any other place of business in India if the principal business of the applicant is Defence, Telecom, Private Security or Information and Broadcasting, it has provided that approval of Reserve Bank of India would not be required in cases where FIPB approval or license/permission by the concerned Ministry/Regulator has already been granted.

  1. Animal Husbandry

As per FDI Policy 2016, FDI in Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture and Apiculture is allowed 100% under Automatic Route under controlled conditions. The requirement of ‘controlled conditions’ for FDI in these activities has now been done away with.

  1. Single Brand Retail Trading

Local sourcing norms have been relaxed up to three years, with prior Government approval, for entities undertaking Single Brand Retail Trading of products having ‘state­ of ­art’ and ‘cutting edge’ technology. For such entities, sourcing norms will not be applicable up to three years from commencement of the business i.e. opening of the first store for entities undertaking single brand retail trading of products having ‘state-of-art’ and ‘cutting-edge’ technology and where local sourcing is not possible. Thereafter, sourcing norms would be applicable.

 Background:

In last two years, Government has brought major FDI policy reforms in a number of sectors viz. Defence, Construction Development, Insurance, Pension Sector, Broadcasting Sector, Tea, Coffee, Rubber, Cardamom, Palm Oil Tree and Olive Oil Tree Plantations, Single Brand Retail Trading, Manufacturing Sector, Limited Liability Partnerships, Civil Aviation, Credit Information Companies, Satellites- establishment/operation and Asset Reconstruction Companies. Measures undertaken by the Government have resulted in increased FDI inflows at US$ 55.46 billion in financial year 2015-16, as against US$ 36.04 billion during the financial year 2013-14. This is the highest ever FDI inflow for a particular financial year. However, it was felt that the country has potential to attract far more foreign investment which can be achieved by further liberalizing and simplifying the FDI regime.

Accordingly, Union Government radically liberalized the FDI regime on 20th June, 2016 with the objective of providing major impetus to employment and job creation in India. This was the second major reform after the last radical changes announced in November, 2015. Changes introduced in the policy included increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment. The amendments were aimed at further simplifying the regulations governing FDI in the country and make India an attractive destination for foreign investors. Most of the sectors with these changes have now been brought under automatic route for FDI, except a small negative list. The amendments have made India the most open economy in the world for FDI.

Global Crude oil price of Indian Basket was US$ 47.75 per bbl

19 Friday Aug 2016

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Global Crude oil price of Indian Basket was US$ 47.75 per bbl on 18.08.2016

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.75 per barrel (bbl) on 18.08.2016. This was higher than the price of US$ 46.74 per bbl on previous publishing day of 17.08.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3189.36 per bbl on 18.08.2016 as compared to Rs. 3126.79 per bbl on 17.08.2016. Rupee closed stronger at Rs. 66.79 per US$ on 18.08.2016 as against Rs. 66.90 per US$ on 17.08.2016. The table below gives details in this regard:

 

Particulars      Unit Price on August 18, 2016 (Previous trading day i.e. 17.08.2016) Pricing Fortnight for 16.08.2016

(July 28, 2016 to Aug 10, 2016)
Crude Oil (Indian Basket) ($/bbl)                   47.75              (46.74)    40.73
(Rs/bbl                  3189.36       (3126.79) 2723.62
Exchange Rate   (Rs/$)                   66.79              (66.90)    66.87

Global Crude oil price of Indian Basket was US$ 46.51 per bbl

17 Wednesday Aug 2016

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Global Crude oil price of Indian Basket was US$ 46.51 per bbl on 16.08.2016

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.51 per barrel (bbl) on 16.08.2016. This was higher than the price of US$ 45.38 per bbl on previous publishing day of 15.08.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3111.15 per bbl on 16.08.2016 as compared to Rs. 3032.70 per bbl on 15.08.2016. Rupee closed weaker at Rs. 66.90 per US$ on 16.08.2016 as against Rs. 66.83 per US$ on 15.08.2016. The table below gives details in this regard:

 

Particulars      Unit Price on August 16, 2016 (Previous trading day i.e. 15.08.2016) Pricing Fortnight for 16.08.2016

(July 28, 2016 to Aug 10, 2016)
Crude Oil (Indian Basket) ($/bbl)                   46.51              (45.83)    40.73
(Rs/bbl                  3111.15       (3032.70) 2723.62
Exchange Rate   (Rs/$)                   66.90              (66.83)    66.87

 

month of July 2016 Index Numbers of Wholesale Price in India

17 Wednesday Aug 2016

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Index Numbers of Wholesale Price in India (Base: 2004-05=100)

Review for the month of July, 2016

 The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of July, 2016 rose by 1.0 percent to 183.9 (provisional) from 182.0 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.55% (provisional) for the month of July, 2016 (over July, 2015) as compared to 1.62% (provisional) for the previous month and -4.00% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 4.91% compared to a build up rate of 0.85% 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 rose by 2.5 percent to 269.5 (provisional) from 262.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 2.4 percent to 285.8 (provisional) from 279.0 (provisional) for the previous month due to higher price of gram (20%), fruits & vegetables (7%), egg (5%), maize (3%), barley (2%) and coffee,      beef & buffalo meat, jowar, wheat, urad, rice, masur and pork (1% each).  However, the price of poultry chicken (5%),      ragi (4%), moong, mutton, bajra and tea (2% each) and fish-inland and fish-marine (1% each) declined.

The index for ‘Non-Food Articles’ group rose by 2.3 percent to 236.6 (provisional) from 231.2 (provisional) for the previous month due to higher price of raw cotton (13%), guar seed (10%), castor seed and raw rubber (7% each),      linseed and cotton seed (5% each), raw wool and rape & mustard seed (3% each) and niger seed, safflower (kardi seed) and groundnut seed (1% each).  However, the price of gingelly seed (7%), flowers (5%), soyabean (4%), raw jute (2%) and mesta (1%) declined.

The index for ‘Minerals’ group rose by 5.0 percent to 208.9 (provisional) from 199.0 (provisional) for the previous month due to higher price of manganese ore (12%), crude petroleum (9%),  iron ore and copper ore (2% each).  However, the price of sillimanite (12%), zinc concentrate (4%), chromite (2%) and phosphorite (1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.8 percent to 187.9 (provisional) from 186.5 (provisional) for the previous month due to higher price of non-coking coal (15%), aviation turbine fuel (7%) and furnace oil (5%).  However, the price of      petrol (3%) and bitumen (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 156.4 (provisional) from 156.0 (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 1.2 percent to 189.2 (provisional) from 186.9 (provisional) for the previous month due to higher price of tea leaf (unblended) (8%), tea dust (unblended) (5%), wheat flour (atta) (4%), gur and sooji (rawa) (3% each), maida, groundnut oil, khandsari, sugar and tea dust (blended) (2% each) and ghee, mustard & rapeseed oil and oil cakes (1% each).  However, the price of coffee powder (5%) and copra oil, gola (cattle feed), vanaspati and sunflower oil (1% each) declined.

The index for ‘Textiles’ group rose by 0.4 percent to 141.5 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth and cotton yarn (2% each) and man made fabric (1%).  However, the price of      gunny and hessian cloth (2%) declined.

The index for ‘Wood & Wood Products’ group declined by 0.3 percent to 196.1 (provisional) from 196.6 (provisional) for the previous month due to lower price of timber/wooden planks (2%) and processed wood (1%).  However, the price of  plywood & fibre board (1%) moved up.

The index for ‘Paper & Paper Products’ group rose by 0.5 percent to 156.7 (provisional) from 155.9 (provisional) for the previous month due to higher price of corrugated sheet boxes (3%), books/ periodicals/ journals (2%) and newsprint (1%).

However, the price of computer stationery (1%) declined.

The index for ‘Leather & Leather Products’ group rose by 0.5 percent to 146.3 (provisional) from 145.5 (provisional) for the previous month due to higher price of leathers (1%).

The index for ‘Rubber & Plastic Products’ group rose by 0.3 percent to 146.5 (provisional) from 146.1 (provisional) for the previous month due to higher price of tubes (5%) and rubber products (2%).

The index for ‘Chemicals & Chemical Products’ group rose by 0.1 percent to 151.1 (provisional) from 150.9 (provisional) for the previous month due to higher price of tooth paste / tooth powder (8%) and hair/body oils, photographic goods,  pesticides and basic inorganic chemicals (1% each).  However, the price of di ammonium phosphate and lacquer & varnishes (1% each) declined.

The index for ‘Non-Metallic Mineral Products’ group rose by  0.5 percent to 178.6 (provisional) from 177.7 (provisional) for the previous month due to higher price of marbles (4%) and glass bottles & bottleware, grey cement and lime (1% each).  However, the price of railway sleeper and asbestos corrugated sheet (2% each) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 0.6 percent to 153.0 (provisional) from 153.9 (provisional) for the previous month due to lower price of pig iron and melting scrap (5% each), billets (4%), wire rods   (3%), rounds, angles, CRC, sponge iron, ferro manganese, pencil  ingots, rebars, joist & beams, HRC and plates (2% each) and gp/gc sheets, pipes/tubes/rods/strips and sheets (1% each).  However, the price of silver (6%), steel rods (5%),     lead and steel structures (4% each), gold & gold ornaments (2%) and steel castings, pressure cooker, metal containers and zinc (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 139.6 (provisional) from 139.4 (provisional) for the previous month due to higher price of lamp (1%).

FINAL INDEX FOR THE MONTH OF MAY, 2016 (BASE YEAR: 2004-05=100)

For the month of May, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 180.2 as compared to 179.4 (provisional) and annual rate of inflation based on final index stood at 1.24 percent as compared to 0.79 percent (provisional) respectively as reported on 14.06.2016.

Next date of press release: 14/09/2016 for the month of August, 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)

 

Month of July, 2016
Commodities/Major Groups/Groups/Sub-Groups Weight WPI July- 2016 Latest month over month Build up from March Year on year
2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
ALL COMMODITIES 100.00000 183.9 -0.84 1.04 0.85 4.91 -4.00 3.55
PRIMARY ARTICLES 20.11815 269.5 -1.08 2.55 3.10 9.51 -3.98 9.38
Food Articles 14.33709 285.8 -0.89 2.44 2.53 10.13 -1.20 11.82
Cereals 3.37323 248.0 0.30 0.98 0.26 2.78 -1.66 7.03
Rice 1.79348 247.4 0.21 0.90 1.76 3.64 -2.86 4.08
Wheat 1.11595 227.6 1.00 1.07 -1.21 -0.26 1.96 6.90
Pulses 0.71662 432.8 0.85 8.15 23.66 24.91 36.18 35.76
Vegetables 1.73553 323.2 -0.75 8.71 16.42 52.17 -24.43 28.05
Potato 0.20150 279.3 16.34 12.30 16.34 73.37 -48.87 58.78
Onion 0.17794 259.0 13.64 1.41 22.26 -5.34 -0.49 -36.29
Fruits 2.10717 275.3 -4.67 5.52 -3.73 15.92 -4.52 17.30
Milk 3.23818 258.4 0.16 0.16 1.21 1.77 5.30 3.24
Egg, Meat & Fish 2.41384 301.4 -2.06 -1.31 -3.34 0.20 2.52 7.49
Non-Food Articles 4.25756 236.6 -1.19 2.34 6.66 7.64 -0.51 9.49
Fibres 0.87737 261.0 -0.81 9.30 7.19 24.94 -10.88 25.90
Oil Seeds 1.78051 224.8 -2.33 0.31 4.45 6.24 -0.23 5.29
Minerals 1.52350 208.9 -2.95 4.97 0.16 8.29 -29.83 -14.28
FUEL & POWER 14.91021 187.9 -1.91 0.75 0.96 8.99 -11.56 -1.00
Liquefied petroleum gas 0.91468 160.7 0.06 -0.31 0.12 0.37 -4.90 -1.35
Petrol 1.09015 160.3 -1.76 -3.43 8.24 7.73 -11.14 -10.30
High speed diesel 4.67020 214.0 -5.28 -0.19 -1.18 16.75 -15.91 6.57
MANUFACTURED PRODUCTS 64.97164 156.4 -0.39 0.26 -0.19 1.49 -1.54 1.82
Food Products 9.97396 189.2 -0.46 1.23 0.94 5.35 -1.94 10.19
Sugar 1.73731 212.0 -2.79 2.02 -8.19 11.40 -17.63 32.33
Edible Oils 3.04293 154.5 -0.60 0.13 2.42 3.21 1.37 4.18
Beverages, Tobacco & Tobacco Product 1.76247 220.7 0.10 0.00 1.48 4.20 3.15 7.03
Cotton Textiles 2.60526 159.9 -0.88 0.88 -0.13 2.63 -5.29 1.52
Man Made Textiles 2.20573 128.7 -0.37 0.23 0.60 -0.31 -2.63 -3.52
Wood & Wood Products 0.58744 196.1 0.20 -0.25 3.90 -0.46 6.14 -0.51
Paper & Paper Products 2.03350 156.7 0.33 0.51 0.59 0.58 2.67 1.89
Leather & Leather Products 0.83509 146.3 0.48 0.55 1.97 0.34 -1.89 0.83
Rubber & Plastic Products 2.98697 146.5 -0.27 0.27 0.61 0.83 -0.93 -1.81
Chemicals & Chemical Products 12.01770 151.1 -0.07 0.13 0.33 1.00 -1.69 -0.20
Non-Metallic Mineral Products 2.55597 178.6 -0.79 0.51 -1.85 0.11 3.48 1.82
Cement & Lime 1.38646 176.0 -1.90 0.69 -4.11 0.17 2.47 3.29
Basic Metals Alloys & Metal Product 10.74785 153.0 -1.32 -0.58 -3.27 -0.26 -6.28 -2.30
Iron & Semis 1.56301 131.7 -1.44 -2.80 -3.56 -3.37 -10.64 -8.29
Machinery & Machine Tools 8.93148 135.3 -0.07 0.00 0.07 0.15 0.30 0.15
Transport Equipment & Parts 5.21282 139.6 0.07 0.14 0.36 0.43 1.25 1.31

  

 

Annexure-II
 
Trend of Rate of Inflation for some important items during last six months
 
Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months
July-16 June-16 May-16 Apr-16 Mar-16 Feb-16
ALL COMMODITIES 100.00 3.55 1.62 1.24 0.79 -0.45 -0.85
PRIMARY ARTICLES 20.12 9.38 5.50 5.49 3.41 2.97 2.03
Food Articles 14.34 11.82 8.18 8.24 4.70 4.09 3.91
Cereals 3.37 7.03 6.32 5.90 4.24 4.41 3.30
Rice 1.79 4.08 3.37 3.16 1.75 2.18 -0.08
Wheat 1.12 6.90 6.83 6.85 5.00 5.89 6.03
Pulses 0.72 35.76 26.61 35.80 36.55 34.41 38.37
Vegetables 1.74 28.05 16.91 13.35 2.90 -2.03 -2.94
Potato 0.20 58.78 64.48 63.82 40.84 6.55 -7.39
Onion 0.18 -36.29 -28.60 -21.70 -17.89 -17.71 -10.20
Fruits 2.11 17.30 5.97 3.88 -1.81 -2.58 -1.66
Milk 3.24 3.24 3.24 2.36 2.83 2.67 1.74
Egg, Meat & Fish 2.41 7.49 6.67 9.72 3.27 3.69 3.40
Non-Food Articles 4.26 9.49 5.72 4.71 7.26 8.49 7.09
Fibres 0.88 25.90 14.26 5.55 5.17 8.01 10.17
Oil Seeds 1.78 5.29 2.52 3.33 6.07 3.52 3.46
Minerals 1.52 -14.28 -20.75 -18.09 -18.69 -20.72 -27.65
FUEL & POWER 14.91 -1.00 -3.62 -5.83 -4.83 -8.30 -7.06
Liquefied petroleum gas 0.91 -1.35 -0.98 -1.59 -1.84 -1.60 -0.37
Petrol 1.09 -10.30 -8.74 -10.69 -4.18 -9.87 -1.03
High speed diesel 4.67 6.57 1.13 -4.34 -3.94 -9.79 -7.75
MANUFACTURED PRODUCTS 64.97 1.82 1.17 1.17 1.04 0.13 -0.52
Food Products 9.97 10.19 8.35 7.72 8.72 5.58 4.34
Sugar 1.74 32.33 26.09 22.42 17.34 9.05 5.23
Edible Oils 3.04 4.18 3.42 4.01 5.41 3.38 2.40
Beverages, Tobacco & Tobacco Product 1.76 7.03 7.14 7.09 7.23 4.23 2.91
Cotton Textiles 2.61 1.52 -0.25 0.00 -0.44 -1.20 -1.27
Man Made Textiles 2.21 -3.52 -4.11 -4.03 -2.79 -2.64 -2.34
Wood & Wood Products 0.59 -0.51 -0.05 1.42 2.97 3.85 3.80
Paper & Paper Products 2.03 1.89 1.70 1.63 1.37 1.90 2.64
Leather & Leather Products 0.84 0.83 0.76 1.53 2.31 2.46 2.96
Rubber & Plastic Products 2.99 -1.81 -2.34 -2.08 -1.75 -2.02 -1.89
Chemicals & Chemical Products 12.02 -0.20 -0.40 -0.33 -0.66 -0.86 -0.73
Non-Metallic Mineral Products 2.56 1.82 0.51 0.74 0.17 -0.17 0.62
Cement & Lime 1.39 3.29 0.63 0.64 0.11 -1.13 -0.92
Basic Metals Alloys & Metal Product 10.75 -2.30 -3.02 -3.00 -4.46 -5.25 -7.89
Iron & Semis 1.56 -8.29 -7.00 -6.43 -8.53 -8.46 -12.82
Machinery & Machine Tools 8.93 0.15 0.07 0.30 0.52 0.07 -0.15
Transport Equipment & Parts 5.21 1.31 1.23 1.38 1.38 1.24 1.39

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of June, 2016

12 Friday Aug 2016

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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of June, 2016 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of June 2016 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint Plant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; (xiv) Office of Salt Commissioner; and (xv) Coffee Board.

  1. The General Index for the month of June 2016 stands at 183.0, which is 2.1 percent higher as compared to the level in the month of June 2015. The cumulative growth for the period April-June 2016 over the corresponding period of the previous year stands at 0.6 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2016 stand at 127.3, 191.3 and 198.9 respectively, with the corresponding growth rates of 4.7 percent, 0.9 percent and 8.3 percent as compared to June 2015 (Statement I). The cumulative growth in these three sectors during April-June 2016 over the corresponding period of 2015 has been 2.3 percent, (-) 0.7 percent and 9.0 percent respectively.
  3. In terms of industries, eighteen out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown positive growth during the month of June 2016 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest positive growth of 15.8 percent followed by 8.8 percent in ‘Motor vehicles, trailers & semi-trailers’ and 8.7 percent in ‘Other transport equipment’. On the other hand, ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 46.1 percent, followed by (-) 13.8 percent in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products’ and (-) 9.0 percent in ‘Furniture; manufacturing n.e.c.’.
  4. As per Use-based classification, the growth rates in June 2016 over June 2015 are 5.9 percent in Basic goods, (-) 16.5 percent in Capital goods and 6.1 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 5.6 percent and 1.0 percent respectively, with the overall growth in Consumer goods being 2.8 percent.
  5. Some important items that have registered high positive growth include ‘Lubricating oil’ (62.2%), ‘Woollen Carpets’ (38.9%), ‘Scooters and Mopeds’ (31.5%), ‘Ethylene’ (30.1%), ‘Steel structures’ (27.7%) and ‘Telephone instruments including mobile phone and accessories’ (25.3%).
  6. Some important items showing high negative growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’            [(-) 84.0%], ‘Sugar Machinery’ [(-) 73.2%], ‘Heat Exchangers’ [(-) 53.3%], ‘Particle Boards’ [(-) 35.5%] and ‘H R Sheets’ [(-) 26.2%].
  7. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below:
Item Group Weights (%) Contribution
High Positive Contributors
Electricity 10.32 0.8744
Mineral index 14.16 0.4500
Commercial Vehicles 1.93 0.4228
Telephone Instruments Including Mobile Phone And Accessories 0.22 0.3472
Cement All Kinds 2.41 0.3140
High Negative Contributors
Cable, Rubber Insulated 0.12 -2.7452
Gems And Jewellery 1.77 -0.2907
Sugar Machinery 0.11 -0.2062
Rice 0.66 -0.1217
Antibiotics & It’s Preparations 2.38 -0.1024

 

  1. Along with the Quick Estimates of IIP for the month of June 2016, the indices for May 2016 have undergone the first revision and those for March 2016 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of May 2016 may undergo final (second) revision along with the release of IIP for the month of August 2016.
  2. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of June 2016, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

 

Note: –

  1. This Press release information is also available at the Website of the Ministry – http://www.mospi.nic.in
  2. Release of the index for July 2016 will be on Monday, 12 September 2016.

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base : 2004-05=100)
Month Mining Manufacturing Electricity General
(141.57) (755.27) (103.16) (1000.00)
2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 121.9 123.2 188.5 181.6 177.2 203.0 177.9 175.5
May 127.9 129.7 187.3 188.4 195.0 204.2 179.7 181.7
Jun* 121.6 127.3 189.5 191.3 183.7 198.9 179.3 183.0
Jul 117.7 190.9 190.3 180.5
Aug 120.2 184.8 194.4 176.6
Sep 119.3 186.9 195.7 178.2
Oct 130.8 188.1 201.6 181.4
Nov 130.8 171.7 175.6 166.3
Dec 137.3 193.1 183.2 184.2
Jan 138.8 194.8 188.3 186.2
Feb 136.1 193.9 181.9 184.5
Mar 149.5 208.1 197.2 198.7
Average
Apr-Jun 123.8 126.7 188.4 187.1 185.3 202.0 179.0 180.1
Growth over the corresponding period of previous year
Jun* -0.4 4.7 5.2 0.9 1.2 8.3 4.2 2.1
Apr-Jun 0.4 2.3 3.7 -0.7 2.3 9.0 3.3 0.6
* Indices for June 2016 are Quick Estimates.
NOTE : Indices for the months of Mar’16 and May’16 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2004-05=100)
Industry Description Weight           Index           Cumulative Index   Percentage growth
code     Jun’15 Jun’16 Apr-Jun Jun’16 Apr-Jun
          2015-16 2016-17   2016-17
15 Food products and beverages 72.76 144.5 144.9 155.5 138.2 0.3 -11.1
16 Tobacco products 15.70 114.6 118.6 100.2 94.8 3.5 -5.4
17 Textiles 61.64 154.0 162.4 154.4 159.4 5.5 3.2
18 Wearing apparel; dressing and dyeing of fur 27.82 194.6 205.9 198.4 202.1 5.8 1.9
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 152.9 131.8 153.6 136.7 -13.8 -11.0
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 161.4 163.7 157.9 153.5 1.4 -2.8
21 Paper and paper products 9.99 145.4 151.0 144.4 152.6 3.9 5.7
22 Publishing, printing & reproduction of recorded media 10.78 155.1 155.4 165.2 157.9 0.2 -4.4
23 Coke, refined petroleum products & nuclear fuel 67.15 151.0 162.5 145.9 160.5 7.6 10.0
24 Chemicals and chemical products 100.59 145.2 151.8 142.7 146.3 4.5 2.5
25 Rubber and plastics products 20.25 192.5 200.1 195.1 198.3 3.9 1.6
26 Other non-metallic mineral products 43.14 170.0 179.4 170.0 175.3 5.5 3.1
27 Basic metals 113.35 232.3 242.3 231.0 237.3 4.3 2.7
28 Fabricated metal products, except machinery & equipment 30.85 177.5 192.2 166.2 174.4 8.3 4.9
29 Machinery and equipment n.e.c. 37.63 234.6 249.5 246.8 269.5 6.4 9.2
30 Office, accounting & computing machinery 3.05 76.0 75.4 56.5 62.2 -0.8 10.1
31 Electrical machinery & apparatus n.e.c. 19.80 544.9 293.7 521.6 271.0 -46.1 -48.0
32 Radio, TV and communication equipment & apparatus 9.89 339.9 393.5 313.0 354.7 15.8 13.3
33 Medical, precision & optical instruments, watches and clocks 5.67 99.4 100.3 91.6 98.4 0.9 7.4
34 Motor vehicles, trailers & semi-trailers 40.64 222.3 241.8 228.5 244.0 8.8 6.8
35 Other transport equipment 18.25 250.7 272.6 252.1 273.9 8.7 8.6
36 Furniture; manufacturing n.e.c. 29.97 168.7 153.6 153.5 155.0 -9.0 1.0
10 Mining & Quarrying 141.57 121.6 127.3 123.8 126.7 4.7 2.3
15-36 Manufacturing 755.27 189.5 191.3 188.4 187.1 0.9 -0.7
40 Electricity 103.16 183.7 198.9 185.3 202.0 8.3 9.0
General Index 1000 179.3 183.0 179.0 180.1 2.1 0.6
*Industry codes are as per National Industrial Classification 2004

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base : 2004-05=100)
  Basic goods Capital goods Intermediate goods Consumer goods
              Total Durables Non-durables
Month (456.82) (88.25) (156.86) (298.08) (84.60) (213.47)
  2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 167.3 175.1 248.0 185.9 153.2 156.7 186.5 183.0 258.7 289.1 157.9 140.9
May 177.4 184.1 234.9 205.9 157.4 163.5 178.7 180.5 252.4 267.5 149.5 146.0
Jun* 171.9 182.0 265.4 221.7 153.1 162.4 179.0 184.1 246.1 259.9 152.4 154.0
Jul 171.6 289.9 158.5 173.2 244.2 145.1
Aug 170.0 267.5 156.2 170.8 256.0 137.0
Sep 168.0 287.2 154.0 174.5 262.0 139.8
Oct 175.0 278.6 154.7 176.3 272.2 138.3
Nov 167.3 190.6 149.2 166.8 226.1 143.3
Dec 175.8 219.5 161.4 198.6 242.5 181.2
Jan 178.8 212.2 162.8 202.1 260.5 178.9
Feb 173.5 231.1 159.2 200.8 277.2 170.5
Mar 188.7 280.7 171.8 204.0 288.3 170.6
Average
Apr-Jun 172.2 180.4 249.4 204.5 154.6 160.9 181.4 182.5 252.4 272.2 153.3 147.0
Growth over the corresponding period of previous year
Jun* 5.1 5.9 -2.0 -16.5 1.3 6.1 7.2 2.8 16.1 5.6 2.3 1.0
Apr-Jun 4.7 4.8 2.0 -18.0 1.6 4.1 2.5 0.6 3.7 7.8 1.7 -4.1
* Indices for June 2016 are Quick Estimates.
NOTE : Indices for the months of Mar’16 and May’16 incorporate updated production data.

 

Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the Month of July 2016

12 Friday Aug 2016

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The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

  1. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of July 2016. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for July 2016. All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., July 2016 over July 2015), based on General Indices and CFPIs are given as follows:

All India Inflation rates (%) based on CPI (General) and CFPI

Indices  July 2016 (Prov.) June 2016 (Final) July 2015 (Final)
Rural Urban Combd. Rural Urban Combd. Rural Urban Combd.
CPI (General) 6.66 5.39 6.07 6.29 5.26 5.77 4.35 2.94 3.69
CFPI 8.25 8.80 8.35 7.69 8.16 7.79 2.75 1.01 2.15

Notes: Prov.  – Provisional, Combd. – Combined

  1. Monthly changes in the General Indices and CFPIs are given below:

Monthly changes (%) in All India CPI (General) and CFPI: Jul. 2016 over Jun. 2016

Indices Rural Urban Combined
Index Value % Change Index Value % Change Index Value % Change
Jul.16 Jun.16 Jul.16 Jun.16 Jul.16 Jun.16
CPI (General) 133.0 131.9 0.83 129.0 128.1 0.70 131.1 130.1 0.77
CFPI 137.7 135.9 1.32 141.0 139.1 1.37 138.8 137.0 1.31

Note: Figures of July 2016 are provisional.

  1. Provisional indices for the month of July 2016 and also the final indices for June 2016 are being released with this note for all-India and for State/UTs. All-India provisional General (all-groups), Group and Sub-group level CPI and CFPI numbers for July 2016 for Rural, Urban and Combined are given in Annexure I. The inflation rates of important categories of items are given in Annexure II. State/UT wise provisional General CPI numbers for Rural, Urban and Combined are given in Annexure III. Inflation rates of major States, having population more than 50 lakhs as per population Census 2011, are given in Annexure IV. State/UT–wise Group CPIs are available on the Ministry’s website (www.mospi.gov.in).
  2. Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals, maintained by the National Informatics Centre.

Next date of release:  13th September 2016 (Tuesday) for August 2016.                    

Annexure I

All India Consumer Price Indices

(Base: 2012=100)

Group Code Sub-group Code Description Rural Urban Combined
Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)		 Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)		 Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
1.1.01 Cereals and products 12.35 128.6 129.3 6.59 125.9 126.8 9.67 127.7 128.5
1.1.02 Meat and fish 4.38 138.6 139.5 2.73 143.9 144.2 3.61 140.5 141.2
1.1.03 Egg 0.49 126.6 129.6 0.36 130.9 136.6 0.43 128.3 132.3
1.1.04 Milk and products 7.72 133.6 134.6 5.33 131.0 131.8 6.61 132.6 133.6
1.1.05 Oils and fats 4.21 118.6 119.5 2.81 110.2 111.0 3.56 115.5 116.4
1.1.06 Fruits 2.88 137.4 138.5 2.90 135.5 137.0 2.89 136.5 137.8
1.1.07 Vegetables 7.46 152.5 158.3 4.41 173.7 179.5 6.04 159.7 165.5
1.1.08 Pulses and products 2.95 169.2 171.8 1.73 184.4 188.4 2.38 174.3 177.4
1.1.09 Sugar and Confectionery 1.70 108.8 110.3 0.97 112.0 113.3 1.36 109.9 111.3
1.1.10 Spices 3.11 133.1 134.3 1.79 142.8 143.9 2.50 136.3 137.5
1.2.11 Non-alcoholic beverages 1.37 126.4 127.4 1.13 121.6 121.7 1.26 124.4 125.0
1.1.12 Prepared meals, snacks, sweets etc. 5.56 139.2 140.0 5.54 136.9 137.5 5.55 138.1 138.8
1   Food and beverages 54.18 136.0 137.6 36.29 138.2 139.8 45.86 136.8 138.4
2   Pan, tobacco and intoxicants 3.26 137.2 138.0 1.36 142.7 142.9 2.38 138.7 139.3
3.1.01 Clothing 6.32 136.3 137.2 4.72 127.6 127.9 5.58 132.9 133.5
3.1.02 Footwear 1.04 131.6 132.2 0.85 121.1 121.1 0.95 127.2 127.6
3   Clothing and footwear 7.36 135.6 136.5 5.57 126.6 126.9 6.53 132.0 132.7
4   Housing – – – 21.67 125.5 126.4 10.07 125.5 126.4
5   Fuel and light 7.94 128.0 128.2 5.58 115.5 115.5 6.84 123.3 123.4
6.1.01 Household goods and services 3.75 129.3 129.9 3.87 123.2 123.5 3.80 126.4 126.9
6.1.02 Health 6.83 126.2 126.6 4.81 120.6 120.9 5.89 124.1 124.4
6.1.03 Transport and communication 7.60 116.3 116.4 9.73 112.3 111.7 8.59 114.2 113.9
6.1.04 Recreation and amusement 1.37 124.1 125.2 2.04 119.9 120.3 1.68 121.7 122.4
6.1.05 Education 3.46 130.2 130.9 5.62 129.3 130.8 4.46 129.7 130.8
6.1.06 Personal care and effects 4.25 119.9 120.8 3.47 118.8 120.0 3.89 119.4 120.5
6   Miscellaneous 27.26 123.3 123.8 29.53 119.6 119.9 28.32 121.5 121.9
General Index (All Groups) 100.00 131.9 133.0 100.00 128.1 129.0 100.00 130.1 131.1
Consumer Food Price Index 47.25 135.9 137.7 29.62 139.1 141.0 39.06 137.0 138.8

Notes:

  1. Prov.        : Provisional.
  2. –               : CPI (Rural) for housing is not compiled.
  3.  The weights are indicative to show relative importance of groups and sub-groups. However, all India indices have been compiled as weighted average of State indices.

Annexure II

All India annual inflation rates (%) for July 2016 (Provisional)

(Base: 2012=100)

Group Code Sub-group Code Description Rural Urban Combined
Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)		 Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)		 Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
1.1.01 Cereals and products 124.0 129.3 4.27 123.2 126.8 2.92 123.7 128.5 3.88
1.1.02 Meat and fish 131.5 139.5 6.08 134.3 144.2 7.37 132.5 141.2 6.57
1.1.03 Egg 122.0 129.6 6.23 119.5 136.6 14.31 121.0 132.3 9.34
1.1.04 Milk and products 128.7 134.6 4.58 127.7 131.8 3.21 128.3 133.6 4.13
1.1.05 Oils and fats 113.5 119.5 5.29 106.3 111.0 4.42 110.9 116.4 4.96
1.1.06 Fruits 133.3 138.5 3.90 132.8 137.0 3.16 133.1 137.8 3.53
1.1.07 Vegetables 140.8 158.3 12.43 153.5 179.5 16.94 145.1 165.5 14.06
1.1.08 Pulses and products 133.8 171.8 28.40 149.5 188.4 26.02 139.1 177.4 27.53
1.1.09 Sugar and Confectionery 94.1 110.3 17.22 85.7 113.3 32.21 91.3 111.3 21.91
1.1.10 Spices 123.4 134.3 8.83 131.5 143.9 9.43 126.1 137.5 9.04
1.2.11 Non-alcoholic beverages 121.0 127.4 5.29 118.3 121.7 2.87 119.9 125.0 4.25
1.1.12 Prepared meals, snacks, sweets etc. 131.7 140.0 6.30 131.1 137.5 4.88 131.4 138.8 5.63
1 Food and beverages 127.5 137.6 7.92 129.5 139.8 7.95 128.2 138.4 7.96*
2 Pan, tobacco and intoxicants 129.4 138.0 6.65 133.1 142.9 7.36 130.4 139.3 6.83
3.1.01 Clothing 128.8 137.2 6.52 123.5 127.9 3.56 126.7 133.5 5.37
3.1.02 Footwear 125.5 132.2 5.34 117.9 121.1 2.71 122.3 127.6 4.33
3 Clothing and footwear 128.3 136.5 6.39 122.7 126.9 3.42 126.1 132.7 5.23
4 Housing – – – 119.9 126.4 5.42 119.9 126.4 5.42
5 Fuel and light 123.0 128.2 4.23 115.3 115.5 0.17 120.1 123.4 2.75
6.1.01 Household goods and services 123.0 129.9 5.61 119.5 123.5 3.35 121.3 126.9 4.62
6.1.02 Health 120.8 126.6 4.80 116.0 120.9 4.22 119.0 124.4 4.54
6.1.03 Transport and communication 114.1 116.4 2.02 111.5 111.7 0.18 112.7 113.9 1.06
6.1.04 Recreation and amusement 118.0 125.2 6.10 116.6 120.3 3.17 117.2 122.4 4.44
6.1.05 Education 122.9 130.9 6.51 125.4 130.8 4.31 124.4 130.8 5.14
6.1.06 Personal care and effects 112.7 120.8 7.19 111.7 120.0 7.43 112.3 120.5 7.30
6 Miscellaneous 118.1 123.8 4.83 116.3 119.9 3.10 117.2 121.9 4.01
General Index (All Groups) 124.7 133.0 6.66 122.4 129.0 5.39 123.6 131.1 6.07
Consumer Food Price Index 127.2 137.7 8.25 129.6 141.0 8.80 128.1 138.8 8.35

 

Notes:

  1. Prov.       : Provisional.
  2. –               : CPI (Rural) for housing is not compiled.
  3. *              : More than those of Rural and Urban due to rounding.

Annexure III

State/UT wise General Consumer Price Indices

(Base: 2012=100)

State/UT Code Name of the State/UT Rural Urban Combined
Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)		 Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)		 Weights Jun. 16 Index
(Final)		 Jul. 16 Index
(Prov.)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
01 Jammu & Kashmir 1.14 130.7 131.1 0.72 123.9 124.8 0.94 128.3 128.9
02 Himachal Pradesh 1.03 129.9 131.1 0.26 121.7 123.1 0.67 128.4 129.6
03 Punjab 3.31 126.0 128.0 3.09 124.8 126.7 3.21 125.5 127.4
04 Chandigarh 0.02 136.9 139.3 0.34 124.4 124.6 0.17 125.1 125.4
05 Uttarakhand 1.06 124.9 126.8 0.73 119.9 122.0 0.91 123.0 125.0
06 Haryana 3.30 127.7 129.1 3.35 123.5 124.4 3.32 125.7 126.9
07 Delhi 0.28 126.3 128.2 5.64 127.8 130.5 2.77 127.7 130.4
08 Rajasthan 6.63 133.2 135.2 4.23 128.9 131.5 5.51 131.7 133.9
09 Uttar Pradesh 14.83 128.9 130.9 9.54 127.9 130.4 12.37 128.5 130.7
10 Bihar 8.21 132.5 134.1 1.62 126.4 126.6 5.14 131.6 133.0
11 Sikkim 0.06 138.9 139.9 0.03 130.0 131.9 0.05 136.0 137.3
12 Arunachal Pradesh 0.14 137.3 138.9 0.06 — — 0.10 — —
13 Nagaland 0.14 139.9 138.8 0.12 126.9 127.5 0.13 134.4 134.0
14 Manipur 0.23 120.1 121.8 0.12 123.4 124.0 0.18 121.1 122.5
15 Mizoram 0.07 134.9 136.2 0.13 123.8 124.1 0.10 128.1 128.8
16 Tripura 0.35 135.7 137.3 0.14 132.4 132.8 0.25 134.8 136.1
17 Meghalaya 0.28 136.1 134.6 0.15 123.3 124.3 0.22 132.1 131.4
18 Assam 2.63 127.0 127.5 0.79 124.6 125.7 1.77 126.5 127.1
19 West Bengal 6.99 130.2 131.8 7.20 126.9 127.9 7.09 128.6 130.0
20 Jharkhand 1.96 133.7 135.1 1.39 124.9 126.9 1.69 130.3 132.0
21 Odisha 2.93 138.9 140.6 1.31 127.5 128.4 2.18 135.7 137.2
22 Chhattisgarh 1.68 141.4 140.2 1.22 128.2 129.1 1.46 136.3 135.9
23 Madhya Pradesh 4.93 129.4 130.6 3.97 127.7 129.6 4.48 128.7 130.2
24 Gujarat 4.54 134.5 136.8 6.82 128.0 128.9 5.60 130.8 132.3
25 Daman & Diu 0.02 143.9 143.8 0.02 130.8 132.6 0.02 138.4 139.1
26 Dadra & Nagar Haveli 0.02 134.4 135.2 0.04 126.7 128.0 0.03 129.3 130.4
27 Maharashtra 8.25 132.8 134.4 18.86 124.8 125.2 13.18 127.5 128.3
28 Andhra Pradesh 5.40 137.2 136.8 3.64 133.2 132.7 4.58 135.7 135.3
29 Karnataka 5.09 136.5 136.3 6.81 134.9 135.1 5.89 135.6 135.7
30 Goa 0.14 140.3 140.8 0.25 127.2 126.9 0.19 132.3 132.3
31 Lakshadweep 0.01 128.3 129.1 0.01 117.9 123.6 0.01 123.0 126.3
32 Kerala 5.50 131.2 131.2 3.46 132.0 131.4 4.55 131.5 131.3
33 Tamil Nadu 5.55 131.8 131.1 9.20 131.5 131.0 7.25 131.6 131.0
34 Puducherry 0.08 140.3 141.6 0.27 131.0 130.9 0.17 133.4 133.6
35 Andaman & Nicobar Islands 0.05 134.3 135.7 0.07 125.9 124.3 0.06 130.0 129.9
36 Telangana 3.16 132.0 132.9 4.41 130.9 131.0 3.74 131.4 131.9
99 All India 100.00 131.9 133.0 100.00 128.1 129.0 100.00 130.1 131.1

Notes:

  1. Prov.       :  Provisional.
  2. —             :  indicates the receipt of price schedules is less than 80% of allocated schedules and therefore indices are not compiled.

 

 

Annexure IV

Major State/UT wise annual inflation rates (%) for July 2016 (Provisional)

(Base: 2012=100)

State/UT Code Name of the State/UT Rural Urban Combined
Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)		 Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)		 Jul. 15 Index
(Final)		 Jul. 16

Index
(Prov.)

 InflationRate
(%)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
01 Jammu & Kashmir 124.1 131.1 5.64 120.2 124.8 3.83 122.7 128.9 5.05
02 Himachal Pradesh 125.8 131.1 4.21 117.7 123.1 4.59 124.3 129.6 4.26
03 Punjab 120.4 128.0 6.31 121.5 126.7 4.28 120.9 127.4 5.38
05 Uttarakhand 120.9 126.8 4.88 116.8 122.0 4.45 119.4 125.0 4.69
06 Haryana 121.5 129.1 6.26 119.8 124.4 3.84 120.7 126.9 5.14
07 Delhi 121.8 128.2 5.25 123.4 130.5 5.75 123.3 130.4 5.76*
08 Rajasthan 125.7 135.2 7.56 122.5 131.5 7.35 124.6 133.9 7.46
09 Uttar Pradesh 123.3 130.9 6.16 122.5 130.4 6.45 123.0 130.7 6.26
10 Bihar 127.1 134.1 5.51 121.8 126.6 3.94 126.3 133.0 5.30
18 Assam 123.2 127.5 3.49 121.4 125.7 3.54 122.8 127.1 3.50
19 West Bengal 122.9 131.8 7.24 121.6 127.9 5.18 122.3 130.0 6.30
20 Jharkhand 126.4 135.1 6.88 121.4 126.9 4.53 124.5 132.0 6.02
21 Odisha 127.8 140.6 10.02 122.5 128.4 4.82 126.3 137.2 8.63
22 Chhattisgarh 130.6 140.2 7.35 121.1 129.1 6.61 126.9 135.9 7.09
23 Madhya Pradesh 123.3 130.6 5.92 122.8 129.6 5.54 123.1 130.2 5.77
24 Gujarat 124.2 136.8 10.14 120.9 128.9 6.62 122.3 132.3 8.18
27 Maharashtra 124.0 134.4 8.39 119.5 125.2 4.77 121.0 128.3 6.03
28 Andhra Pradesh 126.6 136.8 8.06 124.6 132.7 6.50 125.9 135.3 7.47
29 Karnataka 128.6 136.3 5.99 128.0 135.1 5.55 128.3 135.7 5.77
32 Kerala 125.4 131.2 4.63 125.6 131.4 4.62 125.5 131.3 4.62
33 Tamil Nadu 124.6 131.1 5.22 125.4 131.0 4.47 125.1 131.0 4.72
36 Telangana 123.1 132.9 7.96 122.3 131.0 7.11 122.7 131.9 7.50
99 All India 124.7 133.0 6.66 122.4 129.0 5.39 123.6 131.1 6.07

Notes:

  1. Prov.               :  Provisional.
  2. * More than those of Rural and Urban due to rounding.

 

 

 

 

Wastage of Agricultural Produce

09 Tuesday Aug 2016

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The growth rate of gross value added in food Processing industries has increased from 1.91% in 2013-14 to 5.78% in 2014-15 at constant prices. Further, as per the Annual Survey of Industries 2013-14, the food processing industry as compared to other industries in the registered sector has the largest number of factories and engages largest number of employees. Further, as per Annual Survey of Industries 2013-14 the total number of persons engaged in registered food processing sector is 17.41 lakh which constitutes 11.69 per cent of employment generated in all registered factory sector. As per the NSSO 67th Round, 2010-11 unregistered food processing sector provides employment to 47.9 lakh workers.

Dr. Saumitra Chaudhuri Committee in 2012 constituted by the then Planning Commission had indicated cold storage requirement of 61 million tonnes. The present capacity of cold storage is estimated at around 32 million tonnes in the country.

The Central Institute of Post-Harvest Engineering and Technology (CIPHET), Ludhiana has estimated the annual value of harvest and post-harvest losses of major agricultural produces at national level to be of the order of Rs. 92,651 Crore calculated using production data of 2012-13 at 2014 wholesale prices. Annual wastage of agricultural produce, milk, meat, marine and poultry products as assessed by CIPHET is as under:

Commodity/Crop Losses during Transportation

(%)

 Losses during Farm Operations (including transportation loss)

(%)

 Losses during Storage

(%)

 Overall Total Loss

(%)

 Monitory value of the loss

(in Rs. crore)
Milk 0.02 0.71 0.21 0.92 4409
Meat 0.00 1.99 0.72 2.71 1235
Marine Fish 0.91 9.61 0.91 10.52 4315
Inland Fish 0.17 4.18 1.05 5.23 3766
Egg 0.36 4.88 2.31 7.19 1320
Poultry Meat 0.66 2.74 4.00 6.74 3942
Cereals 4.65-5.99 20698
Pulses 6.36-8.41 3877
Oilseeds 3.08-9.96 8278
Fruits & Vegetables 4.58-15.88 40811

To curb the losses in supply chain of agriculture produce and to improve the existing infrastructure for food processing, the Ministry of Food Processing Industries has been implementing the Schemes of Mega Food Parks; Integrated Cold Chain, Value Addition and Preservation Infrastructure; and Setting up/ Modernization of Abattoirs. The scheme for Mega Food Parks aims to provide modern Infrastructure for food processing Units in the country on pre-identified cluster basis. Under the scheme, grant-in-aid is provided @ 50% of the eligible project cost in general areas and 75% thereof in difficult areas and hilly areas i.e., North East Region including Sikkim, J&K, Himachal Pradesh, Uttarakhand and ITDP notified areas of the states, subject to a maximum of Rs.50.00 Crore per project.  A total of 42 Mega Food Park projects have been approved by the Government to be set up in the country. The Scheme for Setting up/ Modernization of Abattoirs aims to provide hygienic finished meat and meat products, slaughter waste management and pollution control. The Scheme envisaged grant-in-aid @ 50% of the project cost in general areas and 75% for North- Eastern region subject to a maximum of Rs.15.00 Crore per project.  So far, 41 Abattoir projects have been sanctioned. The Scheme of Cold Chain, Value Addition and Preservation Infrastructure aims at arresting post-harvest losses of horticulture & non-horticulture produce and providing remunerative price to farmers for their produce. Under the scheme, financial assistance is provided in the form of grant-in-aid of maximum Rs.10 Crore per project for setting up of integrated cold chain and preservation infrastructure facilities without any break from the farm gate to the consumer. The integrated cold chain and preservation infrastructure can be set up by individuals, groups of entrepreneurs, cooperative societies, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs), NGOs, Central/State PSUs, etc. The scheme is primarily private sector driven and proposals under this scheme are invited through Expression of Interest (EOI). The scheme is available in all States/UTs and rural & urban areas. So far, 134 Integrated Cold Chain Projects have been sanctioned by the Ministry in the country to reduce the cold chain gap. Of this, 88 Integrated Cold Chain projects have achieved completion and commenced commercial operation, 46 Integrated Cold Chain projects are in various stages of implementation. The impact of these 134 integrated Cold Chain projects being assisted by Ministry in the country under the Scheme of Cold Chain, Value Addition and Preservation Infrastructure in respect of expected capacity creation is 4.92 Lakh MT of Cold Storage/Controlled Atmosphere/Deep Freezer, 113.90 MT/Hour of Individual Quick Freezer (IQF), 54.65 Lakh Litter Per Day of Milk Storage/Processing and 761 Number of Reefer Vans. Capacity created from 88 completed cold chain projects is 3.31 Lakh MT of Cold Storage/CA/Deep Freezer, 77.15 MT/Hr of Individual Quick Freezing,31.80 Lakh Litre Per Day of Milk Processing/Storage  and 423 Number of Reefer Vans. State wise funds are not allotted under the scheme of Cold Chain, Value Addition and Preservation Infrastructure. However, Details of number of projects with state-wise and year-wise funds released under the scheme of Cold Chain, value addition and Preservation Infrastructure of Ministry of Food Processing Industries during last three years and the current year are at Annexure-I.

In addition, National Horticulture Mission (NHM), National Horticulture Board (NHB), and National Cooperative Development Corporation (NCDC) under Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture & Farmers Welfare and Agricultural and Processed Food Products Export Development Authority (APEDA) under Department of Commerce, Ministry of Commerce and Industries, Government of India are also providing assistance for setting up cold storages under their respective schemes.

Various other incentives provided by the Government to promote creation of cold chain infrastructure are atAnnexure-II.

 

In addition to operationalisation of 4 Mega Food Parks and 29 Cold Chain Projects during 2016-17, Government has also approved setting up of 100 cold chain projects and 250 units under the scheme of creation/expansion of food processing and preservation. The projects set up under the Schemes of this Ministry are granted financial assistance at a higher rate in difficult areas and North East Region as compared to general areas.

This information was given by the Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti in a written reply in Lok Sabha today.

 

Annexure I

ANNEXURE REFERRED TO IN REPLY TO PARTS (c) & (d) OF LOK SABHA UNSTARRED QUESTION NO. 3887 FOR ANSWER ON 09TH AUGUST, 2016 REGARDING WASTAGE OF AGRICULTURAL PRODUCE

Details of number of units with state-wise and year-wise funds released (in Crore) under the scheme of Cold Chain, value addition and Preservation Infrastructure.

Name of the state 2013-14 2014-15 2015-16 2016-17*
Nos. Amount Nos. Amount Nos. Amount Nos. Amount
Andhra Pradesh 2 4.28 0 0 2 4.00 0 0
Arunachal Pradesh 0 0 0 0 0 0 0 0
Assam 0 0 2 6.54 2 2.27 0 0
Bihar 0 0 0 0 0 0 0 0
Chhattisgarh 0 0 0 0 0 0 0 0
Gujarat 2 3.49 3 12.05 3 10.31 1 3.87
Haryana 1 21.37 2 19.35 2 10.28 3 8.63
Himachal Pradesh 3 10.50 3 6.57 4 18.02 2 3.12
Jammu & Kashmir 0 0 2 4.80 2 16.06 2 4.80
Jharkhand 0 0 0 0 0 0 0 0
Karnataka 1 2.08 2 7.38 2 1.97 0 0
Kerala 1 4.80 0 0 0 0 0 0
Madhya Pradesh 1 2.37 2 5.50 2 3.89 1 2.50
Maharashtra 6 9.96 11 27.66 13 36.84 8 22.06
Manipur 1 5.00 1 2.45 0 0 0 0
Meghalaya 0 0 0 0 0 0 0 0
Mizoram 2 8.00 2 2.49 0 0 0 0
Nagaland 0 0 0 0 0 0 0 0
Odisha 0 0 1 0.566 1 0.92 0 0
Punjab 4 13.67 3 10.32 4 12.67 2 5.00
Rajasthan 0 0 1 2.02 3 9.22 2 2.95
Sikkim 0 0 0 0 0 0 0 0
Tamil Nadu 1 1.79 0 0 0 0 0 0
Telangana 0 0 0 0 0 0 0 0
Tripura 0 0 0 0 0 0 0 0
Uttar Pradesh 3 4.94 3  7.50 2 10.69 1 1.99
Uttarakhand 1 2.25 7 37.43 5 14.52 2 5.00
West Bengal 2 7.26 1 0.433 2 7.3 1 1.65
Andaman & Nicobar 0 0 0 0 0 0 0 0
Chandigarh 0 0 0 0 0 0 0 0
Dadar& Nagar Haveli 0 0 0 0 0 0 0 0
Damn and Diu 0 0 0 0 0 0 0 0
Lakshadweep 0 0 0 0 0 0 0 0
Delhi 0 0 0 0 0 0 0 0
Puducherry 0 0 0 0 0 0 0 0
Total 31 101.76 46 153.059 49 158.96 25 61.57*

*As on date 31.07.2016

ANNEXURE-II

 ANNEXURE REFERRED TO IN REPLY TO PARTS (c) & (d) OF LOK SABHA UNSTARRED QUESTION NO. 3887 FOR ANSWER ON 09TH AUGUST, 2016 REGARDING WASTAGE OF AGRICULTURAL PRODUCE

Details of various other incentives provided by the Government to the cold chain sector

 Services of pre-conditioning, pre-cooling, ripening, waxing, retail packing, labeling of fruits and vegetables have been exempted from Service Tax in Budget 2015-16.

  • Loans to food & agro-based processing units and Cold Chain have been classified under Agriculture activities for Priority Sector Lending (PSL) as per the revised RBI Guidelines issued on 23/04/2015.
  • Under Section 35-AD of the Income tax Act 1961, deduction to the extent of 150% is allowed for expenditure incurred on investment for (i) setting up and operating a cold chain facility; and (ii) setting up and operating warehousing facility for storage of agricultural produce.
  • Government has extended Project Imports benefits to cold storage, cold room (including for farm level pre-cooling) or industrial projects for preservation, storage or processing of agricultural, apiary, horticultural, dairy, poultry, aquatic and marine produce and meat. Consequently, all goods related to Food Processing, imported as part of the project, irrespective of their tariff classification, would be entitled to uniform assessment at concessional basic customs duty of 5%.
  • Refrigeration machineries and parts used for installation of  cold storage, cold room or refrigerated vehicle, for the preservation, storage, transport or processing of agricultural, apiary, horticultural, dairy, poultry, aquatic and marine produce and meat under Tariff Head: Chapter 84 are exempted from Excise Duty.

 

  • Construction, erection, commissioning or installation of original works pertaining to post-harvest storage infrastructure for agricultural produce including cold storages for such purposes are exempted from Service tax.
  • Capital investment in the creation of modern storage capacity has been made eligible for Viability Gap Funding scheme of the Finance Ministry. Cold chain and post-harvest storage has been recognized as an infrastructure sub-sector.

 

Lok Sabha to consider the Constitutional Amendment bill relating to GST next week

06 Saturday Aug 2016

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Constitutional Amendment bill passed with huge consensus in Rajya Sabha

Rajya Sabha passed 5 Bills and Lok Sabha2 bills during the week

The passing of the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014 relating to Goods & Services Tax (GST) by huge consensus in the Rajya Sabha was the hallmark of the third week of Monsoon Session of Parliament. The amendments made by Rajya Sabha in the Constitution (One Hundred and Twenty Second Amendment) Bill, 2016 as passed by Lok Sabha and as reported by the Select Committee of Rajya Sabha, have been now laid on the Table of the Lok Sabha and will be taken up by the House next week.

The Rajya Sabha passed five more Bills during the last week which included Institutes of Technology (Amendment) Bill, 2016; Benami Transactions (Prohibition) (Amendment) Bill, 2016; Indian Medical Council (Amendment) Bill, 2016; Dentists (Amendment) Bill, 2016, and National Institutes of Technology, Science Education and Research (Amendment) Bill, 2016. All these Bills have already been passed by the Lok Sabha. The Upper House, during the week, also held discussions on developments in States of Uttarakhand and Arunachal Pradesh leading to change in the Governments there and role of Governors in respective States, and also on alleged diversion of money from Employees Provident Fund to Stock Market.

The Lok Sabha, during the third week of the session, passed the Enforcement of Security, Interest and Recovery of Debts, Loss and Miscellaneous Provisions (Amendment) Bill, 2016. It also voted in full the Supplementary Demands for Grants (General) 2016 – 17 and passed the relevant Appropriation (No 3) Bill, 2016. The House also held discussions on Sustainable Development Goals, and Pradhan Mantri Gram Sadak Yojana.

During the forthcoming week of the Session, Lok Sabha will take up the Central Agricultural University (Amendment) Bill, 2016, the Employee’s Compensation (Amendment) Bill, 2016, the Transgender Persons (Protection of Rights) Bill, 2016, the Citizenship (Amendment) Bill, 2016, and the High Courts (Alteration of Names) Bill, 2016. It will also consider the amendments made by Rajya Sabha in the Enemy Property (Amendment and Validation) Bill, 2016, as passed by Lok Sabha, after it is passed by Rajya Sabha.  The Mental Health Care Bill, 2013, after it is passed by Rajya Sabha, may also be taken up by the House.

In the Rajya Sabha, the Mental Health Care Bill 2013 and the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 will be taken up. The Enemy Property (Amendment and Validation) Bill, 2016, as passed by Lok Sabha and as reported by Select Committee will be taken up by the Rajya Sabha. Time has also been allotted for the following Bills which are likely to be taken up by the House after passing in the Lok Sabha – the Central Agricultural University (Amendment) Bill, 2016; the Employee’s Compensation (Amendment) Bill, 2016; the Transgender Persons (Protection of Rights) Bill, 2016; and the Citizenship (Amendment) Bill, 2016, the High Courts (Alteration of Names) Bill, 2016.  Consideration and return of the Appropriation(No. 3) Bill, 2016  relating to Supplementary Demands for Grants (General) for 2016-17, as passed by Lok Sabha, will also come up before the House.

Rice procurement estimated 330 lakh tonnes during 2016-17 for Kharif Crop

01 Monday Aug 2016

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In a meeting of State Food Secretaries held here today, procurement target for paddy in terms of rice for Kharif Crop  during Kharif Marketing Season (KMS) 2016-17 has been finalised as 330 lakh tonnes against target of 300 lakh tonnes of last year i.e. KMS 2015-16. In KMS 2015-16 actual procurement of rice (Kharif crop) was 309.28 LMT.

The meeting chaired by the Union Food Secretary, Ms Vrinda Sarup reviewed arrangements for procurement of paddy in producing States, particularly in decentralised procurement States and other non-traditional States to maximize procurement of paddy/ rice during KMS 2016-17.

States have been asked to identify immediately areas with maximum paddy production and to open adequate purchase centers and deploy sufficient manpower. They have also been advised to make arrangements for publicizing MSP fixed, procurement centers opened through print and audio-visual media as well as through pamphlets in local languages.

State Governments have also been asked to prepare details of storage plan for the ensuing KMS and have an action plan to meet the deficit in storage requirements, if required. Regarding Packaging material, Food Secretaries are requested to place indents for purchase of jute bags in time to avoid last minute shortage of packaging material.

All State Governments have been requested to adopt the system of e-procurement and integrated it with Online Procurement Monitoring System (OPMS) of FCI.  The FCI has been directed to constitute joint teams with the State Governments to oversee the conduct of procurement operations and to attend specific complaints, problems etc. Further, they were requested to ensure to follow up of prescribed quality checks of procurement of paddy.

States have also been requested to adopt DCP mode for procurement of paddy and wheat which states have not adopted this till date. Whenever any support and guidance needed by the States, FCI will provide their support.

State wise targets for procurement of paddy (in terms of rice) for KMS 2016-17 for Kharif season is as follows:

Sl. No. State Target of Procurement for Kharif Crop only (In Lakh MT)
1 Andhra Pradesh 29.00
2 Assam 0.75
3 Bihar 20.00
4 Chhattisgarh 35.00
5 Haryana 29.00
6 Jharkhand 2.72
7 Karnataka 0.50
8 Kerala 1.22
9 Madhya Pradesh 9.00
10 Maharashtra 2.50
11 Odisha 24.00
12 Punjab 94.50
13 Tamil Nadu 10.00
14 Telangana 15.00
15 Uttar Pradesh 33.50
16 Uttarakhand 6.00
17 West Bengal 17.00
18 Others 0.31
Total   330.00