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17 Saturday Sep 2016

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   గత 28 నెలల పాలనా కాలంలో నరేంద్రమోడీ నాయకత్వంలోని కేంద్ర ప్రభుత్వం అనేక ‘ విజయాలు ‘ సాధించింది. తెలుగువారి విషయానికి వస్తే ఆంధ్రప్రదేశ్‌కు వాగ్దానం చేసిన ప్రత్యేక హోదాకు మించి ‘ప్రత్యేక సాయం ‘ కూడా వాటిలో ఒకటి కనుకనే చంద్రబాబు నాయుడు ప్రధాని నరేంద్రమోడీకి నీరాజనాలు పలుకుతున్నారు. వెంకయ్య నాయుడు తాను ఆంధ్రప్రదేశ్‌కు ప్రతినిధిని కాదంటూనే ఏపికి ప్రత్యేక సాయం సాధించిన పేరుతో సన్మానాలు చేయించుకోవటం చూస్తున్నాము. మోడీ పాలనా విజయాల విషయానికి వస్తే అన్ని రకాల పప్పుల ధరలు రికార్డు స్ధాయికి పెరిగి ఒక చరిత్రనే సృష్టించాయి. దానిని నరేంద్రమోడీ తప్ప మరొకరు అధిగమించే సూచనలు కనిపించటం లేదు. స్వంత డబ్బులతో పప్పులను కొనుగోలు చేసే వారు షాక్‌ తిన్నారు. కిలో కోడి మాంసం కంటే కిలో పప్పుల ధర ఎక్కువగా వుండటంతో అనేక మంది శాకాహారులు, మాంసాహారులుగా మారటంతో వాటి ధరలు కూడా పెరిగిపోయాయని జోకులు పేలిన విషయమూ తెలిసిందే.

    నరేంద్రమోడీ వూరూ వాడా తిరిగి ‘అచ్చే దిన్‌ ‘(మంచి రోజులు) తెస్తానని చేసిన వాగ్దానంపై గంపెడు ఆశలు పెట్టుకున్న జనం మంచి రోజులు వచ్చేటపుడు పప్పులు, వుప్పుల ధరలు పెరిగితేనేం అన్నట్లు పెరిగిన ధరలకు అలవాటు పడి అసలు ధరల గురించే మరచిపోయిన మత్తులో వున్నారు. వినియోగదారుల వ్యవహారాల శాఖా మంత్రి రామ్‌ విలాస్‌ పాశ్వాన్‌ ఈనెల 15వ తేదీన ఢిల్లీలో పప్పుల సరఫరా, ధరల గురించి ఒక ‘సూక్ష్మ సమీక్ష ‘ నిర్వహించినట్లు ఒక అధికారిక ప్రకటనను విడుదల చేశారు. http://pib.nic.in/newsite/PrintRelease.aspx?relid=149832

   దాని ప్రకారం మనకు చెప్పిందేమిటంటే గత నెల రోజులుగా క్రమంగా పప్పుల ధరలు పడిపోతున్నాయి. అసాధారణ రీతిలో గతేడాది పప్పుల ధరలు పెరగటానికి సట్టా వ్యాపారం (స్పెక్యులేషన్‌), దొంగ నిల్వలే కారణమని సమీక్షకు హజరైన పలు పప్పుల వాణిజ్య అసోసియేషన్ల వారు నోట మాట లేకుండా అంగీకరించారట. గతేడాది సెప్టెంబరులో ఈ ఏడాది సెప్టెంబరులో కూడా దేశీయంగా వుత్పత్తి, దిగుమతులు,అందుబాటు ఒకే విధంగా వున్నాయట.పప్పుల లోటు, అవసరం-సరఫరాల విషయంలో దిగుమతిదారులు పారదర్శకంగా వుండాలని, ప్రభుత్వమూ, వ్యాపారులూ మరింత సన్నిహితంగా పని చేసి వాస్తవంగా ఎన్ని పప్పులు అవసరమో తెలుసుకొని ముందుగానే దిగుమతులకు ప్రణాళిక వేసుకోవాలని పాశ్వాన్‌ గారు వాణిజ్య వేత్తలకు వుద్బోధించారు. తమ దిగుమతుల గురించి ముందుగానే ప్రభుత్వానికి సమాచారం అందచేస్తామని వ్యాపారులు హామీ ఇచ్చారు. ఇక ముందు నెలనెలా సమావేశమై సమీక్ష జరపాలని కూడా ఒక నిర్ణయం తీసుకున్నారు. ఇతర దేశాల ప్రభుత్వాలతో కుదుర్చుకున్న దీర్ఘకాలిక ఒప్పందాల గురించి వివరించిన మంత్రి వాటిని ఆధారం చేసుకొని పప్పుల దిగుమతిదారులు తమ కార్యకలాపాలను మరింతగా విస్తరించాలని కోరారు. పప్పుల వుత్పత్తి గురించి తమకు ప్రభుత్వం సరిఅయిన సమాచారం ఇవ్వాలని వ్యాపారులు కోరారు.

   మంత్రి వున్నదేమో వినియోగదారుల వ్యవహారాలు చూడటానికి కానీ ఆ సమావేశంలో వ్యాపారుల ప్రతినిధులు తప్ప వినియోగదారుల ప్రతినిధులు పాల్గొన్నట్లు ఎక్కడా లేదు. అందువలన ఈ ప్రకటనలోని అంశాలను చూసిన తరువాత మోడీ సర్కార్‌ పప్పుల ధరలను తగ్గించటానికి గాక దిగుమతిదారులకు కల్పించే సౌకర్యాల గురించి వివరించటానికి ఏర్పాటు చేసినట్లుగా అనిపించింది. చిత్రం ఏమిటంటే అంతకు ఒక రోజు ముందే కేంద్ర ప్రభుత్వం విడుదల చేసిన సమాచారం ప్రకారం దేశంలో టోకు ధరలు రెండు సంవత్సరాల గరిష్ట స్థాయికి చేరుకున్నాయి. ఇక చిల్లర ధరలు ముఖ్యంగా రోజువారీ పేద వినియోగదారులు కొనుగోలు చేసే దుకాణాలలోని ధరల గురించి ఎంత తక్కువ చెప్పుకుంటే అంత మంచిది.ఆగస్టు నెలలో టోకు ధరల ద్రవ్యోల్బణం 3.74 శాతానికి చేరి రెండు సంవత్సరాల నాటి రికార్డును సమం చేసింది. దీనికి పప్పుల ధరలతో పాటు పారిశ్రామిక వస్తువుల ధరల పెరుగుదల కారణాలలో ఒకటి. 2014 నవంబరు నుంచి 2016 మార్చి నెల వరకు టోకు ధరల ద్రవ్యోల్బణం ప్రతికూల ధోరణిలో నమోదు కావటం తమ ఘనతగా మోడీ సర్కార్‌ ప్రచారం చేసుకుంది. గతేడాది ఆగస్టులో టోకు ధరల పెరుగుదల రేటు లేదా ద్రవ్యోల్బణం మైనస్‌ 5.06 శాతం వుంది. టోకు ధరల సూచిక మైనస్‌కు పడిపోయినపుడే చిల్లర ధరలు విపరీతంగా పెరిగాయి, ఇప్పుడు టోకు ధరలు కూడా పెరగటం అంటే చిల్లర ధరలు మరింతగా మండుతున్నట్లే . మంచి రోజులంటే ఇవా ? గతంలో వుల్లి ధరలు వినియోగదారులకు కళ్లనీళ్లు తెప్పిస్తే ఇప్పుడు రైతులకు తెప్పిస్తున్నాయి. ఈ రెండు సందర్భాలలోనూ బాగుపడుతున్నది బడా వ్యాపారులే. పెసల వంటి కొన్ని పప్పుల పంట మార్కెట్‌కు వచ్చే తరుణంలో ధరలు తగ్గటం అంటే రైతాంగం నుంచి తక్కువ ధరకు కొట్టేసే వ్యాపారుల ఎత్తుగడ తప్ప మరొకటి కాదు.

   పప్పులు, వుల్లి ధరలు ఆసాధారణ రీతిలో పెరగటానికి సట్టా వ్యాపారం, దొంగ నిల్వలే కారణమని ప్రతిపక్ష పార్టీలు, మీడియా, జనమూ నెత్తీనోరూ కొట్టుకున్నా గత రెండు సంవత్సరాలుగా అటు కేంద్రానికి, ఇటు ఏ రాష్ట్ర ప్రభుత్వానికీ పట్టలేదు.ఈ లోగా కొన్ని వేల కోట్ల రూపాయలను వ్యాపారులు పోగేసుకున్నారు. ఇప్పటి వరకు ఏ ఒక్కరిపైనా చర్య తీసుకోని సర్కార్‌ రెండు సంవత్సరాల తరువాత ప్రతినెలా సమీక్ష జరపాలని నిర్ణయించటం అంతర్జాతీయ పప్పుల సంవత్సరంలో నవ్వురాని జోకు. అటు కేంద్రంలోనూ, ఇటు రాష్ట్రాలలోనూ తమకు అనుకూలమైన ప్రభుత్వాలు వున్నాయన్న ధీమా తప్ప దొంగ వ్యాపారులకు అంత ధైర్యం ఎక్కడి నుంచి వచ్చినట్లు ?

    నరేంద్రమోడీ నాయకత్వంలోని బిజెపి అధికారానికి రావటానికి అవసరమైన పెట్టుబడులు పెట్టిన వారిలో పారిశ్రామిక, వాణిజ్యవేత్త అదానీ గ్రూపు కంపెనీలన్నది జగమెరిగిన సత్యం. మీడియాలో వచ్చిన వార్తల ప్రకారం సదరు అదానీ 2014లో సింగపూర్‌కు చెందిన వెల్మర్‌ కంపెనీతో కలసి ఒక సంయుక్త కంపెనీని ఏర్పాటు చేశాడు. పప్పుధాన్యాలు పండే ప్రాంతాల రైతుల నుంచి వాటిని కొనుగోలు చేయటం దీని లక్ష్యం. అయితే పేరుకు సేకరణ, గరిష్ట నిల్వలపై పరిమితులు వున్నాయి. కేంద్రంలో నరేంద్రమోడీ, రాష్ట్రాలలో అనుకూల ప్రభుత్వాలు వున్న కారణంగా వాటిని తుంగలో తొక్కి దాదాపు 100లక్షల టన్నులు నిల్వచేసినట్లు అంచనా. రైతుల దగ్గరి నుంచి లేదా దిగుమతులు చేసుకొని గానీ ఈ మొత్తాన్ని సగటున కిలో 30రూపాయలకు కొని 220 వంతున అమ్మగా లక్షా 90వేల కోట్ల రూపాయలు ఈ కాలంలో అదానీ కంపెనీ సంపాదించినట్లు వచ్చిన వార్తలను అటు అదానీ కంపెనీ లేదా ఇటు ప్రభుత్వం గానీ ఇంతవరకు ఖండించలేదు.

    నరేంద్రమోడీ వేలం వెర్రిగా ఇప్పటికీ విదేశీ పర్యటనలు జరుపుతూనే వున్నారు. ఆయన పర్యటనలో అదానీ కంపెనీల యజమాని గౌతమ్‌ అదానీ లేకుండా ప్రధాని విమానం కదలదంటే అతిశయోక్తి కాదు.అప్పటికే పెద్ద మొత్తంలో బ్యాంకుల నుంచి రుణాలు తీసుకున్న అదానీ కంపెనీలకు నరేంద్రమోడీ అధికారానికి వచ్చిన తరువాత ఒక్క ఎస్‌బిఐ అధికారులే ఒక బిలియన్‌ డాలర్ల మేర అప్పులిచ్చినట్లు వార్తలు వచ్చాయి. కాంగ్రెస్‌ కాలంలో టెలికాం స్కాం కారణంగా లక్షల కోట్ల రూపాయలు ప్రభుత్వ ఖజానాకు దక్కకుండా కంపెనీ యజమానులకు కట్టపెట్టారు. నరేంద్రమోడీ రెండు సంవత్సరాల పాలనా కాలంలోనే వుల్లిపాయలు, పప్పుల బ్లాక్‌ మార్కెటింగ్‌, సట్టా వ్యాపారం ద్వారా యావత్‌ జనం జేబుల నుంచి అంతకంటే ఎక్కువ మొత్తాన్నే వాణిజ్య సంస్ధల యజమానులు కొట్టేశారు. ఆ దోపిడీ ఇంకా సాగుతూనే వుంది.

Enhancing Buffer Stock of Pulses to 20 LMT

12 Monday Sep 2016

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Shri Ram Vilas Paswan, Minister of Consumer Affairs, Food and Public Distribution today here brief the media about the initiatives taken by the Government to check the price rise of pulses.

The Minister said that the main reason for unprecedented price rise in pulses has been two years of deficit rainfall and consequently drought-like situation in the entire country. Due to this, the production of pulses was less as compared to that in previous years, as a result of which there was huge demand-supply gap. This provided an opportunity for middlemen and hoarders to stock and speculate the price of pulses.

Highlighting the statistics, the Minister said that the production of pulses sharply declined from 192.5 LMT in the year 2013-14 to 171.4 LMT in 2014-15 and to around 165 LMT in 2015-16. Though the import figures increased to 45 LMT in 2014-15 and 58 LMT in 2015-16, there was a net deficit in supplies.

Shri Paswan said that fortunately, this year, there has been good rainfall and the acreage of pulses has gone up. It is expected that the production of pulses will exceed 200 LMT in the year 2016-17.

The Minister said that Government took various steps to check rising prices of pulses by banning export and allowing import of pulses at zero duty. In the last two years MSP of pulses has been increased considerably by providing bonus. The MSP for Arhar was increased from Rs. 4350 per qtl. in the year 2014-15 to Rs. 4625 per qtl. in the year 2015-16. This year, the MSP of Arhar has been increased by Rs. 425 per qtl. and now it is Rs. 5050 per qtl. Similarly, in case of Urad the MSP now is Rs. 5000 per qtl., an increase of Rs. 650 per qtl. in two years. The MSP for Moong is Rs. 5225 per qtl., an increase of Rs. 625 per qtl. in the last two years.

Buffer Stock

Shri Ram Vilas Paswan said that Government took a decision to create buffer stock of 1.5 LMT pulses. However, looking at the trend of prices and demand-supply gap, it was increased to 5 LMT and then to 8 LMT. Now as per the decision of Cabinet Committee on Economic Affairs today, the buffer stock has been increased to 20 LMT. The salient features of buffer stock are as follows:

10 LMT will be created through domestic procurement operations to be undertaken by FCI, NAFED and SFAC.

10 LMT will be created through import of pulses which will be through G2G contract and/or spot purchase from the global market.

The stock position of buffer stock at present is 3 LMT, out of which 1.81 LMT is imported pulses and 1.19 LMT is domestic procurement.

The allocation of pulses from buffer stock would be made to States and Central Agencies.

Pulses would be released through Open Market Sales as well.

Professional agency for management of buffer stock may be engaged.

Shri Paswan said that all this has been possible due to personal intervention of Prime Minister who took the issue of price rise on high priority and formed a High Level Committee under the Chairmanship of Finance Minister. Enhancing the buffer stock to 20 LMT was one of the recommendations of this Committee, which the Cabinet Committee on Economic Affairs approved today.

Index of Industrial Production and Use-Based Index Decreased for the Month of JULY, 2016

12 Monday Sep 2016

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

(BASE 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of July 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 July 2016 stands at 176.1, which is 2.4 percent lower as compared to the level in the month of July 2015. The cumulative growth for the period April-July 2016 over the corresponding period of the previous year stands at (-) 0.2 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2016 stand at 118.7, 184.5 and 193.3 respectively, with the corresponding growth rates of 0.8 percent, (-) 3.4 percent and 1.6 percent as compared to July 2015 (Statement I). The cumulative growth in these three sectors during April-July 2016 over the corresponding period of 2015 has been 2.0 percent, (-) 1.4 percent and 7.1 percent respectively.
  3. In terms of industries, twelve out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of July 2016 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 59.2 percent followed by (-) 16.8 percent in ‘Medical, precision & optical instruments, watches and clocks’ and    (-) 16.2 percent in ‘Wearing apparel; dressing and dyeing of fur’. On the other hand, ‘Tobacco products’ has shown the highest positive growth of 22.3 percent, followed by 12.3 percent in ‘Coke, refined petroleum products & nuclear fuel’ and 10.9 percent in ‘Radio, TV and communication equipment & apparatus’.
  4. As per Use-based classification, the growth rates in July 2016 over July 2015 are 2.0 percent in Basic goods, (-) 29.6 percent in Capital goods and 3.4 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 5.9 percent and (-) 1.7 percent respectively, with the overall growth in Consumer goods being 1.3 percent.
  5. Some important items showing high negative growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’            [(-) 91.1%], ‘Marble Tiles/ Slabs’ [(-) 62.3%], ‘H R Sheets’ [(-) 59.2%], ‘Sugar Machinery’ [(-) 52.7%], ‘Sealed Compressors’ [(-) 33.3%] and ‘Rice’ [(-) 24.0%].
  6. Some important items that have registered high positive growth include ‘Air Conditioner (Room)’ (102.8%), ‘Wood Furniture’ (74.1%), ‘Instant Food Mixes (Ready to eat)’ (65.3%), ‘Colour TV Sets’ (28.9%), ‘Purified Terephthalic acid’ (27.1%), ‘Antibiotics & It’s Preparations’ (26.9%) and ‘Terry Towel’ (21.9%).
  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 Negative Contributors
Cable, Rubber Insulated 0.12 -4.2456
Apparels 2.03 -0.3636
Rice 0.66 -0.1644
H R Sheets 0.31 -0.1632
Conductor, Aluminium 0.20 -0.1418
High Positive Contributors
Diesel, High Speed 2.11 0.2975
Antibiotics & It’s Preparations 2.38 0.2972
Air Conditioner (Room) 0.29 0.2856
Pan Masala 0.09 0.2079
Telephone Instruments Including Mobile Phone And Accessories 0.22 0.2015
  1. Along with the Quick Estimates of IIP for the month of July 2016, the indices for June 2016 have undergone the first revision and those for April 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 June 2016 may undergo final (second) revision along with the release of IIP for the month of September 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 July 2016, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

 

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 121.9 122.7 188.5 181.7 177.2 203.0 177.9 175.5
May 127.9 129.7 187.3 188.4 195.0 204.2 179.7 181.7
Jun 121.6 128.0 189.5 190.9 183.7 198.9 179.3 182.8
Jul* 117.7 118.7 190.9 184.5 190.3 193.3 180.5 176.1
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-Jul 122.3 124.8 189.1 186.4 186.6 199.9 179.4 179.0
Growth over the corresponding period of previous year
Jul* 1.3 0.8 4.8 -3.4 3.5 1.6 4.3 -2.4
Apr-Jul 0.6 2.0 4.0 -1.4 2.6 7.1 3.5 -0.2
* Indices for July 2016 are Quick Estimates.
NOTE : Indices for the months of Apr’16 and Jun’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     Jul’15 Jul’16 Apr-Jul Jul’16 Apr-Jul
          2015-16 2016-17   2016-17
15 Food products and beverages 72.76 133.0 132.0 149.9 136.5 -0.8 -8.9
16 Tobacco products 15.70 91.2 111.5 97.9 99.0 22.3 1.1
17 Textiles 61.64 155.4 158.9 154.7 159.2 2.3 2.9
18 Wearing apparel; dressing and dyeing of fur 27.82 192.6 161.4 197.0 191.7 -16.2 -2.7
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 150.5 135.3 152.9 136.7 -10.1 -10.6
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 168.2 154.9 160.5 153.8 -7.9 -4.2
21 Paper and paper products 9.99 146.0 144.9 144.8 149.9 -0.8 3.5
22 Publishing, printing & reproduction of recorded media 10.78 162.6 161.2 164.6 158.7 -0.9 -3.6
23 Coke, refined petroleum products & nuclear fuel 67.15 149.3 167.6 146.8 161.7 12.3 10.1
24 Chemicals and chemical products 100.59 145.2 153.1 143.4 148.3 5.4 3.4
25 Rubber and plastics products 20.25 184.7 191.4 192.5 197.3 3.6 2.5
26 Other non-metallic mineral products 43.14 167.9 167.5 169.5 173.4 -0.2 2.3
27 Basic metals 113.35 229.5 234.0 230.6 236.3 2.0 2.5
28 Fabricated metal products, except machinery & equipment 30.85 185.0 178.7 170.9 175.8 -3.4 2.9
29 Machinery and equipment n.e.c. 37.63 192.4 209.4 233.2 253.9 8.8 8.9
30 Office, accounting & computing machinery 3.05 49.3 44.4 54.7 57.7 -9.9 5.5
31 Electrical machinery & apparatus n.e.c. 19.80 671.8 274.2 559.2 272.2 -59.2 -51.3
32 Radio, TV and communication equipment & apparatus 9.89 375.2 416.1 328.5 370.0 10.9 12.6
33 Medical, precision & optical instruments, watches and clocks 5.67 104.0 86.5 94.7 95.4 -16.8 0.7
34 Motor vehicles, trailers & semi-trailers 40.64 245.0 253.7 232.6 246.4 3.6 5.9
35 Other transport equipment 18.25 278.7 282.9 258.8 276.2 1.5 6.7
36 Furniture; manufacturing n.e.c. 29.97 162.6 158.6 155.8 155.5 -2.5 -0.2
10 Mining & Quarrying 141.57 117.7 118.7 122.3 124.8 0.8 2.0
15-36 Manufacturing 755.27 190.9 184.5 189.1 186.4 -3.4 -1.4
40 Electricity 103.16 190.3 193.3 186.6 199.9 1.6 7.1
General Index 1000 180.5 176.1 179.4 179.0 -2.4 -0.2
 

*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 167.3 175.4 248.0 185.2 153.2 156.7 186.5 182.8 258.7 289.2 157.9 140.6
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 171.9 181.8 265.4 222.1 153.1 161.8 179.0 183.8 246.1 259.8 152.4 153.7
Jul* 171.6 175.1 289.9 204.0 158.5 163.9 173.2 175.5 244.2 258.6 145.1 142.6
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-Jul 172.1 179.1 259.6 204.3 155.6 161.5 179.4 180.7 250.4 268.8 151.2 145.7
Growth over the corresponding period of previous year
Jul* 5.4 2.0 10.1 -29.6 2.0 3.4 1.1 1.3 10.5 5.9 -4.4 -1.7
Apr-Jul 4.9 4.1 4.2 -21.3 1.7 3.8 2.2 0.7 5.3 7.3 0.1 -3.6
* Indices for July 2016 are Quick Estimates.
NOTE : Indices for the months of Apr’16 and Jun’16 incorporate updated production data.

 

 

RDS

 

Consumer Price Index Numbers for the month of August 2016

12 Monday Sep 2016

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

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

Indices  August 2016 (Prov.) July 2016 (Final) August 2015 (Final)
Rural Urban Combd. Rural Urban Combd. Rural Urban Combd.
CPI (General) 5.87 4.22 5.05 6.66 5.39 6.07 4.47 2.75 3.74
CFPI 6.32 5.10 5.91 8.18 8.80 8.35 3.02 0.84 2.20

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: Aug. 2016 over Jul. 2016

Indices Rural Urban Combined
Index Value % Change Index Value % Change Index Value % Change
Aug.16 Jul.16 Aug.16 Jul.16 Aug.16 Jul.16
CPI (General) 133.5 133.0 0.38 128.4 129.0 -0.47 131.1 131.1 0.00
CFPI 138.0 137.6 0.29 138.1 141.0 -2.06 138.0 138.8 -0.58

Note: Figures of August 2016 are provisional.

  1. Provisional indices for the month of August 2016 and also the final indices for July 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 August 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 October 2016 (Thursday) for September 2016.                    

Annexure I

All India Consumer Price Indices

(Base: 2012=100)

Group Code Sub-group Code Description Rural Urban Combined
Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)		 Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)		 Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
  1.1.01 Cereals and products 12.35 129.3 130.1 6.59 126.8 127.6 9.67 128.5 129.3
  1.1.02 Meat and fish 4.38 139.5 138.7 2.73 144.2 140.3 3.61 141.2 139.3
  1.1.03 Egg 0.49 129.6 130.3 0.36 136.6 133.7 0.43 132.3 131.6
  1.1.04 Milk and products 7.72 134.5 135.2 5.33 131.8 132.2 6.61 133.5 134.1
  1.1.05 Oils and fats 4.21 119.5 119.9 2.81 111.0 111.8 3.56 116.4 116.9
  1.1.06 Fruits 2.88 138.5 140.3 2.90 137.0 135.8 2.89 137.8 138.2
  1.1.07 Vegetables 7.46 158.2 157.1 4.41 179.5 163.4 6.04 165.4 159.2
  1.1.08 Pulses and products 2.95 171.8 172.3 1.73 188.4 182.3 2.38 177.4 175.7
  1.1.09 Sugar and Confectionery 1.70 110.3 112.1 0.97 113.3 114.6 1.36 111.3 112.9
  1.1.10 Spices 3.11 134.3 134.8 1.79 143.9 144.6 2.50 137.5 138.1
  1.2.11 Non-alcoholic beverages 1.37 127.3 128.1 1.13 121.7 121.9 1.26 125.0 125.5
  1.1.12 Prepared meals, snacks, sweets etc. 5.56 139.9 140.6 5.54 137.5 138.1 5.55 138.8 139.4
1   Food and beverages 54.18 137.6 138.0 36.29 139.8 137.6 45.86 138.4 137.9
2   Pan, tobacco and intoxicants 3.26 138.0 139.0 1.36 142.9 143.6 2.38 139.3 140.2
  3.1.01 Clothing 6.32 137.2 137.8 4.72 127.9 128.3 5.58 133.5 134.1
  3.1.02 Footwear 1.04 132.2 133.0 0.85 121.1 121.4 0.95 127.6 128.2
3   Clothing and footwear 7.36 136.5 137.1 5.57 126.9 127.3 6.53 132.7 133.2
4   Housing – – – 21.67 126.4 127.3 10.07 126.4 127.3
5   Fuel and light 7.94 128.2 129.1 5.58 115.5 114.7 6.84 123.4 123.6
  6.1.01 Household goods and services 3.75 130.0 130.7 3.87 123.5 123.9 3.80 126.9 127.5
  6.1.02 Health 6.83 126.7 127.1 4.81 120.9 121.2 5.89 124.5 124.9
  6.1.03 Transport and communication 7.60 116.4 115.9 9.73 111.7 110.4 8.59 113.9 113.0
  6.1.04 Recreation and amusement 1.37 125.2 125.6 2.04 120.3 120.6 1.68 122.4 122.8
  6.1.05 Education 3.46 130.8 132.0 5.62 130.8 131.4 4.46 130.8 131.6
  6.1.06 Personal care and effects 4.25 120.9 122.1 3.47 120.0 120.9 3.89 120.5 121.6
6   Miscellaneous 27.26 123.8 124.2 29.53 119.9 119.9 28.32 121.9 122.1
General Index (All Groups) 100.00 133.0 133.5 100.00 129.0 128.4 100.00 131.1 131.1
Consumer Food Price Index 47.25 137.6 138.0 29.62 141.0 138.1 39.06 138.8 138.0

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 August 2016 (Provisional)

(Base: 2012=100)

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

Index
(Prov.)

 Inflation Rate
(%)		 Aug. 15 Index
(Final)		 Aug. 16

Index
(Prov.)

 Inflation Rate
(%)		 Aug. 15 Index
(Final)		 Aug. 16

Index
(Prov.)

 Inflation Rate
(%)		  
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)  
1.1.01 Cereals and products 124.7 130.1 4.33 123.1 127.6 3.66 124.2 129.3 4.11  
1.1.02 Meat and fish 131.3 138.7 5.64 131.7 140.3 6.53 131.4 139.3 6.01  
1.1.03 Egg 121.3 130.3 7.42 118.1 133.7 13.21 120.1 131.6 9.58  
1.1.04 Milk and products 128.8 135.2 4.97 128.0 132.2 3.28 128.5 134.1 4.36  
1.1.05 Oils and fats 114.0 119.9 5.18 106.8 111.8 4.68 111.4 116.9 4.94  
1.1.06 Fruits 134.2 140.3 4.55 130.1 135.8 4.38 132.3 138.2 4.46  
1.1.07 Vegetables 153.6 157.1 2.28 165.5 163.4 -1.27 157.6 159.2 1.02  
1.1.08 Pulses and products 137.9 172.3 24.95 156.0 182.3 16.86 144.0 175.7 22.01  
1.1.09 Sugar and Confectionery 93.1 112.1 20.41 85.3 114.6 34.35 90.5 112.9 24.75  
1.1.10 Spices 123.9 134.8 8.80 132.7 144.6 8.97 126.8 138.1 8.91  
1.2.11 Non-alcoholic beverages 121.5 128.1 5.43 118.8 121.9 2.61 120.4 125.5 4.24  
1.1.12 Prepared meals, snacks, sweets etc. 132.5 140.6 6.11 131.7 138.1 4.86 132.1 139.4 5.53  
1 Food and beverages 129.8 138.0 6.32 131.1 137.6 4.96 130.3 137.9 5.83  
2 Pan, tobacco and intoxicants 130.1 139.0 6.84 134.2 143.6 7.00 131.2 140.2 6.86  
3.1.01 Clothing 129.5 137.8 6.41 123.7 128.3 3.72 127.2 134.1 5.42  
3.1.02 Footwear 126.3 133.0 5.30 118.2 121.4 2.71 122.9 128.2 4.31  
3 Clothing and footwear 129.0 137.1 6.28 122.9 127.3 3.58 126.6 133.2 5.21  
4 Housing – – – 120.9 127.3 5.29 120.9 127.3 5.29  
5 Fuel and light 123.8 129.1 4.28 115.3 114.7 -0.52 120.6 123.6 2.49  
6.1.01 Household goods and services 123.7 130.7 5.66 120.0 123.9 3.25 122.0 127.5 4.51  
6.1.02 Health 121.1 127.1 4.95 116.6 121.2 3.95 119.4 124.9 4.61  
6.1.03 Transport and communication 113.6 115.9 2.02 109.9 110.4 0.45 111.7 113.0 1.16  
6.1.04 Recreation and amusement 118.5 125.6 5.99 117.2 120.6 2.90 117.8 122.8 4.24  
6.1.05 Education 123.6 132.0 6.80 126.2 131.4 4.12 125.1 131.6 5.20  
6.1.06 Personal care and effects 112.5 122.1 8.53 112.0 120.9 7.95 112.3 121.6 8.28  
6 Miscellaneous 118.2 124.2 5.08 116.2 119.9 3.18 117.2 122.1 4.18  
General Index (All Groups) 126.1 133.5 5.87 123.2 128.4 4.22 124.8 131.1 5.05  
Consumer Food Price Index 129.8 138.0 6.32 131.4 138.1 5.10 130.3 138.0 5.91                

 

Notes:

  1. Prov.   : Provisional.
  2. –           : CPI (Rural) for housing is not compiled.

 

 

 

Annexure III

State/UT wise General Consumer Price Indices

(Base: 2012=100)

State/UT Code Name of the State/UT Rural Urban Combined
Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)		 Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)		 Weights Jul. 16 Index
(Final)		 Aug. 16 Index
(Prov.)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
01 Jammu & Kashmir 1.14 131.1 133.0 0.72 124.8 124.8 0.94 128.9 130.1
02 Himachal Pradesh 1.03 131.1 131.8 0.26 123.0 123.1 0.67 129.6 130.2
03 Punjab 3.31 128.0 129.4 3.09 126.7 126.7 3.21 127.4 128.2
04 Chandigarh 0.02 139.3 141.3 0.34 124.6 124.4 0.17 125.4 125.4
05 Uttarakhand 1.06 126.8 128.0 0.73 122.0 121.4 0.91 125.0 125.5
06 Haryana 3.30 129.1 130.0 3.35 124.4 124.2 3.32 126.9 127.3
07 Delhi 0.28 128.2 128.7 5.64 130.5 130.3 2.77 130.4 130.2
08 Rajasthan 6.63 135.2 135.9 4.23 131.5 130.7 5.51 133.9 134.0
09 Uttar Pradesh 14.83 131.0 132.5 9.54 130.4 129.5 12.37 130.8 131.4
10 Bihar 8.21 134.1 135.4 1.62 126.6 126.8 5.14 133.0 134.1
11 Sikkim 0.06 139.9 141.2 0.03 131.9 133.5 0.05 137.3 138.7
12 Arunachal Pradesh 0.14 138.9 139.2 0.06 — — 0.10 — —
13 Nagaland 0.14 138.8 138.8 0.12 127.5 128.2 0.13 134.0 134.3
14 Manipur 0.23 121.8 124.6 0.12 124.0 124.9 0.18 122.5 124.7
15 Mizoram 0.07 135.3 133.9 0.13 124.1 123.7 0.10 128.5 127.7
16 Tripura 0.35 137.3 137.4 0.14 132.8 134.0 0.25 136.1 136.5
17 Meghalaya 0.28 134.2 136.6 0.15 124.3 124.9 0.22 131.1 133.0
18 Assam 2.63 127.5 128.6 0.79 125.8 126.9 1.77 127.1 128.2
19 West Bengal 6.99 131.8 133.0 7.20 127.9 128.3 7.09 130.0 130.8
20 Jharkhand 1.96 135.0 135.7 1.39 126.9 126.9 1.69 131.9 132.3
21 Odisha 2.93 140.3 139.4 1.31 128.4 127.6 2.18 137.0 136.1
22 Chhattisgarh 1.68 140.3 139.8 1.22 129.1 128.9 1.46 136.0 135.6
23 Madhya Pradesh 4.93 130.6 130.7 3.97 129.6 128.2 4.48 130.2 129.7
24 Gujarat 4.54 136.8 137.0 6.82 128.9 127.0 5.60 132.3 131.3
25 Daman & Diu 0.02 143.8 142.3 0.02 132.6 130.5 0.02 139.1 137.4
26 Dadra & Nagar Haveli 0.02 135.2 139.5 0.04 128.0 125.9 0.03 130.4 130.4
27 Maharashtra 8.25 134.4 134.2 18.86 125.2 124.5 13.18 128.3 127.7
28 Andhra Pradesh 5.40 137.0 136.8 3.64 132.7 132.1 4.58 135.4 135.1
29 Karnataka 5.09 136.3 135.9 6.81 135.1 134.7 5.89 135.7 135.3
30 Goa 0.14 140.8 141.2 0.25 126.9 125.8 0.19 132.3 131.8
31 Lakshadweep 0.01 129.2 130.1 0.01 123.6 126.7 0.01 126.3 128.4
32 Kerala 5.50 131.2 130.5 3.46 131.4 131.0 4.55 131.3 130.7
33 Tamil Nadu 5.55 131.2 130.7 9.20 131.0 130.1 7.25 131.1 130.3
34 Puducherry 0.08 141.6 141.0 0.27 131.0 129.8 0.17 133.7 132.7
35 Andaman & Nicobar Islands 0.05 135.7 135.5 0.07 124.3 124.4 0.06 129.9 129.9
36 Telangana 3.16 132.4 131.4 4.41 131.0 129.8 3.74 131.6 130.5
99 All India 100.00 133.0 133.5 100.00 129.0 128.4 100.00 131.1 131.1

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 August 2016 (Provisional)

(Base: 2012=100)

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

Index
(Prov.)

 Inflation Rate
(%)		 Aug. 15 Index
(Final)		 Aug. 16

Index
(Prov.)

 Inflation Rate
(%)		 Aug. 15 Index
(Final)		 Aug. 16

Index
(Prov.)

 Inflation Rate
(%)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
01 Jammu & Kashmir 125.0 133.0 6.40 121.8 124.8 2.46 123.9 130.1 5.00
02 Himachal Pradesh 127.0 131.8 3.78 118.5 123.1 3.88 125.5 130.2 3.75#
03 Punjab 122.0 129.4 6.07 122.4 126.7 3.51 122.2 128.2 4.91
05 Uttarakhand 122.6 128.0 4.40 117.7 121.4 3.14 120.8 125.5 3.89
06 Haryana 122.4 130.0 6.21 120.7 124.2 2.90 121.6 127.3 4.69
07 Delhi 123.3 128.7 4.38 124.4 130.3 4.74 124.3 130.2 4.75*
08 Rajasthan 126.9 135.9 7.09 123.3 130.7 6.00 125.6 134.0 6.69
09 Uttar Pradesh 124.5 132.5 6.43 123.7 129.5 4.69 124.2 131.4 5.80
10 Bihar 129.7 135.4 4.39 123.6 126.8 2.59 128.8 134.1 4.11
18 Assam 124.4 128.6 3.38 122.7 126.9 3.42 124.0 128.2 3.39
19 West Bengal 125.5 133.0 5.98 123.5 128.3 3.89 124.6 130.8 4.98
20 Jharkhand 128.0 135.7 6.02 123.2 126.9 3.00 126.2 132.3 4.83
21 Odisha 130.2 139.4 7.07 123.3 127.6 3.49 128.3 136.1 6.08
22 Chhattisgarh 132.9 139.8 5.19 121.8 128.9 5.83 128.6 135.6 5.44
23 Madhya Pradesh 124.4 130.7 5.06 123.7 128.2 3.64 124.1 129.7 4.51
24 Gujarat 125.7 137.0 8.99 121.3 127.0 4.70 123.2 131.3 6.57
27 Maharashtra 125.6 134.2 6.85 120.1 124.5 3.66 121.9 127.7 4.76
28 Andhra Pradesh 128.2 136.8 6.71 125.1 132.1 5.60 127.1 135.1 6.29
29 Karnataka 129.5 135.9 4.94 128.4 134.7 4.91 128.9 135.3 4.97*
32 Kerala 125.7 130.5 3.82 126.0 131.0 3.97 125.8 130.7 3.90
33 Tamil Nadu 124.5 130.7 4.98 125.0 130.1 4.08 124.8 130.3 4.41
36 Telangana 124.3 131.4 5.71 123.7 129.8 4.93 124.0 130.5 5.24
99 All India 126.1 133.5 5.87 123.2 128.4 4.22 124.8 131.1 5.05

Notes:

  1. Prov.         :  Provisional.
  2. #                : Less than those of Rural as well as Urban due to rounding.
  3. *                : More than those of Rural as well as Urban due to rounding.

 

 

 

RDS

APROGRAMME OF ACTION ON POSTAL PENSIONERS CHARTER OF DEMANDS

12 Monday Sep 2016

Posted by in Current Affairs, employees, INDIA, NATIONAL NEWS, Pensioners

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AIPRPA CWC DECISIONS FOR APROGRAMME OF ACTION ON POSTAL PENSIONERS CHARTER OF DEMANDS

THREE STAGE PROGRAMME OF ACTION

(i)                Demonstrations shall be held at all places by the AIPRPA on 19th September, 2016 andMemorandum will be forwarded to Health and Finance Ministers

(ii)             Mass Dharna by Postal & RMS Pensioners on 21st October, 2016 to demand implementation of the Charter of Demands.

(iii)           ‘Chalo Delhi’ by Postal & RMS Pensioners to conduct a ‘Mass Demonstration’ in front of Parliament on 21st February (Date will be subject to finalisation in consultation with NCCPA to synchronize with the National Convention against NPS proposed by NCCPA) and to submit the Memorandum to the Prime Minster of India.

All District / Divisional Secretaries are requested to organise the Demonstration on 19th September, 2016 either at morning or lunch hour or in the evening and submit the following Memorandum by Speed Post to Honourable Finance Minister Government of India New Delhi – 110001 and to the Honourable Health Minister Government of India, Nirman Bhawan, New Delhi – 110108.

******

MEMORANDUM SUBMITTED TO HONOURABLE FINANCE MINISTER & HONOURABLE HEALTH MINISTER AS PER THE DECISION OF THE CWNTRAL WORKING COMMITTEE OF ALL INDIA POSTAL & RMS PENSIONERS ASSOCIATION:

Respected Sir,

We, the Members of All India Postal & RMS Pensioners Association ______________________________

District / Division under ________________________________ State, submit this Memorandum for the consideration and favourable action of Government of India.

1.   Grant of Universal Pension @ 3000/- to all Senior Citizens:

The Senior Citizens of India, irrespective of their industry including agriculture or any other unorganized sector should be protected in their old age. The OASIS project under Shri.Atal Behari Vajpayee Government stated that all the workers in their old age must get social security. It is the responsibility of Government to take care of all the senior citizens even though they are not retired from pensionable service like Government jobs. The demand for a universal pension to all  senior citizens is gaining ground in all countries. India should take the lead and enact a law to protect all senior citizens above age of 60 and not covered by any pension scheme with at least a pension of Rs.3000/- per month by the Central Government.

2.   Scrapping NPS for Central Government Employees:

The decision taken by the Government to bring all Central Government Employees recruited on or after 1.1.2004 under New Pension Scheme, now renamed as ‘National Pension System’ is violative of Constitution, as it discriminates one section of Government employees against another. The introduction of NPS through PFRDA Act against the recommendations of 6th CPC constituted Expert Committee headed by Doctor Gayatri of Bangalore Institute of Economic Studies was a retrograde step taken by the Government. The NPS does not guarantee any minimum  pension and everything is left to the vagarities of the share market. There is no guarantee that a Government Employee after serving for three or four decades will get at least half the basic pay of his last pay drawn as his pension like the employees recruited before 1.1.2004. Contrast this with the fact that even after a single day holding the position of a Member of Parliament; every M.P is eligible for a guaranteed government pension! The 7th CPC has in detail narrated the weaknesses in the system of NPS, which goes to prove that there is no guarantee to any minimum pension after retirement for a Government Employee  entering service after 1.1.2004. While the NPS should have been restricted only to those employees and workers for whom no other pension system is in vogue as originally thought out in OASIS Project, the implementation of NPS to a section of government employees also was a step in wrong direction. The NPS has to go as far as all Government Employees without any discrimination.

3.   Full Parity in Pension between past and present pensioners:

5thCPC had recommended that all pensioners must be notionally brought on to the new pay scale implemented prospectively by treating them as though as they were in service before refixing their pension at the rate of 50% of pay of the post or cadre from which a pensioner had retired. This recommendation had been diluted by 6thCPC by denying the notional fixation and also the Refixation based on the new scale of pay granted to the same post or cadre. The 6th CPC had only recommended for calculations in the replacement scale of pay corresponding to the pre-revised scale of pay in which the pensioner had retired. The 7th CPC even though had conceded to take into account notionally the number of increments earned by the pensioner, has not recommended for basing it on the pay scale recommened for the cadre or the post but only on the pay scale corresponding to the pre-revised scale of pay. The grant of OROP to the Pensioners of Armed Forces by the Government ensures the fixation of pension based on the pay scale granted to the same rank and the number of increments earned by the retired pensioner. This factor is rejected to the Civilian Pensioner. This is discriminatory treatment between one class of pensioners and another by the Government. All the Civilian Pensioners also should be granted ‘Pension Refixation’ based on the scale of pay of the post or cadre granted by the 6th and 7th Pay Commission instead of replacement scale corresponding to the replacement scale only.

4.   Grant of Option Number 1 of Pension Refixation by 7th CPC:

The 7th Pay Commission had granted two options to all Pre-2016 Pensioners on the Refixation of their pension from 1.1.2016. Option No.2 is application of 2.57 fitment factor. Option No.1 is to take the number of increments earned by the Pensioner notionally in the last pay scale before his retirement and fix the pension based on the appropriate cell in the Pay Matrix corresponding to the Level of Pay Scale. Many Pensioners may be benefited by Option Number 1 method. Unfortunately the stand taken by the Pension Ministry that Option Number 1 is not feasible as the number of increments earned by pensioners cannot be verified with non available records. Actually the averment of the Pension Ministry is untenable as the PPO of Pensioners carry most of the details besides other records to verify the number of increments earned by the Pensioner before retirement. On several occassions pension records had been reconstructed based on court judgments and therefore it is not tenable to say that the Option Number 1 is not feasible. Denying Option Number 1 is like denying a step taken towards pension parity between the past and present pensioners, even though it is not full parity between the past and present pensioners. Therefore Option Number 1 recommended by the 7th CPC should be extended to those pensioners for whom it is more advantageous than Option Number 2.

5.   Changing from nearest level to next level in Pay Matrix for increments:

A Pay matrix is recommended by the 7th CPC with appropriate level of starting pay for the corresponding pre-revised scale pay. But all further stages corresponding to incremental stages are worked out in Ms Excel format with the ‘nearest level’ instead of ‘next level’. This causes loss at many levels as the sum so worked out by the command of ‘nearest level’ does not guarantee the actual rate of increment of 3% in many places. The rate of annual increment has been recommended as 3% but the calculation in the Pay matrix denies the same 3% at various stages. The preparation of Pay matrix is contradictory to the accepted recommendation of 3% annual increment. The Pay Matrix is to be redrafted with ‘next level’ instead of ‘nearest level’ applied to work out the incremental stages of pay scales. This anomaly is causing a loss to Pre-2016 Pensioners also as 1their pension option Number 1 is to be based on the Pay Matrix only.

6.   Refixation of Pre-2006 Pensioners of Postman, HSG-1 Postmasters, IPOs, ASPOS etc:

The Refixation of Pension for Pre-2006 Postman, HSG-1 Postmasters, IPOs, ASPOS etc based on their pre-revised scale of pay only instead of their pay scale granted and implemented by Government from 1.1.2006 is an injustice. After OPOP acceptance by the Government to Armed Forces Pensioners, denial of pension fixation to Pre-2006 Pensioners in the Civilian side based on the scale of pay of the same post or cadre is discriminatory. They should also be ordered for Refixation of pension based on the scale of pay granted to the cadre of Postman, HSG-1 Postmasters, IPOs and ASPOs etc from 1.1.2006.

7.   Injustice to Pre-2006 HSG-1 Postmasters in pension fixation:

The denial of Refixation of pension in case of Pre-2006 HSG-1 Postmasters on 4600 Grade Pay level is totally an injustice. The HSG-1 is a promotional cadre to HSG-2; After HSG-2 Postmaster cadre is granted a replacement scale of 4200 Grade Pay by amalgamation of several pay scales into one, the grant of 4600 Grade Pay level to HSG-1 is naturally a replacement scale of pay to them only. The interpretation taken by the Government that the scale of 4600 grade pay given to HSG-1 is an upgraded pay is basically wrong as both the feeder cadre and a promotional cadre cannot be the same scale pay. The net result of misinterpretation of the issue by the Government is that even the BCR Postal Assistants who were supervised by the HSG-1 Postmasters are fixed in the same level of 4200 Grade Pay for their pension calculation. This has to set right by considering the 4600 GP scale of pay to HSG-1 Postmasters granted from 1.1.2006 as the replacement scale of pay and all Pre-2006 HSG-1 Postmasters are to be fixed their pension appropriately.

8.   Refixation of Pension to Post 1.1.1996 Pensioners of Postman cadre:

The Supreme Court had accepted the position proposed by the Department of Posts that the grant of two advance increments will be taken into calculation for pension purposes for all post 1.1.1996 postman retirees. This position has not been translated into practice by the Department of Posts. No orders are issued as per the direction of the Supreme Court even after months. Necessary orders are to be issued for refixing the pension of all Post 1.1.1996 Postman pensioners as per the direction of the Supreme court without further delay.

9.   Grant of FMA @ 2000:

The Fixed Medical Advance is at present given @ 500/- per month. It was 300/- only and the Pay Commission should have gone into it naturally, but the Government had unilaterally raised it as 500/- and prevented the CPC from going into the issue. The cost of medicines and consultation fees has gone up in the recent times; most of the pensioners are suffering from different illness and even the diabetic medicines are costing more than 2000/- per month. Expecting a pensioner to manage all his family’s out-patient medical expenses within a paultry sum of 500/- per month is by any standards unjustified. The employees in EPF department are being drawn a sum of 2000/- per month right from 1.1.2006 is also a fact to prove that already the rationale for grant of 2000/- is recognized by the Government in other place. Notwithstanding the fact that this issue is under the consideration of the High Level Committee headed by the Finance Secretary and the Expenditure Secretary, the FMA has to be revised from 500/- to at least 2000/- per month.

10.               Accepting the recommendations of 7th CPC on Medical Treatment:

The 7th Pay Commission had recommended some basic issues related to medical treatment of pensioners. Importantly it had categorized the discrimination being shown towards Postal Pensioners in the matter of denial of entry into CGHS medical system as untenable and recommended to allow all pensioners into CGHS system without conditions. The stand of the Health Ministry that Postal Department has its own Postal Dispensaries and therefore unless the postal pensioner was a CGHS beneficiary while in service, he or she cannot be allowed into CGHs is utterly discriminatory as Postal Dispensaries are not covering all the Postal Employees or Pensioners. The 7th CPC has recommended to merge Postal Dispensaries also with CGHS. It has also recommended for a comprehensive Medical Insurance for employees and pensioners to get treatment in a cashless and hassle free manner. Merger of CGHS with Railway and Defense Hospital systems also is  recommended by the Pay Commission. These recommendations are left to respective Ministries / Departments for taking appropriate decisions instead of Cabinet taking a positive decision regarding their implementation. These recommendations are made after going in depth into the medical issues of pensioners and therefore the Departments or Ministries should not be dealing them only on the basis of expenditure to either dilute them or deny them in a casual manner. These recommendations are vital for the health care for thousands of postal pensioners all over the country who are out-of the CGHS coverage areas and hence are to be  urgently accepted for implementation.

11.               Revision of Pension by treating the period of training as eligible service for grant of TBOP/BCR upgradations:

The Postal Employees were granted TBOP/BCR promotions before 1.9.2008. It had been ordered to treat the period of training undergone by the Postal Assistants as eligible service for grant of t heir TBOP / BCR upgradations. Accordingly the date of TBOP / BCR were revised for many employees. This order should have been extended to pensioners also who would have been eligible for their TBOP or BCR upgradations but for denial of treating the period of training to them also. Grant of TBOP or BCR would have elevated them to them to the next upgraded scale to facilitate higher fixation of pension. The application of these orders for one section of employees and denial of extending them to the retired employees is unjustified. The eligible pensiones are to be extended with the benefit of Refixation by applying the above orders to them also and by granting them the financial up gradations who were otherwise missed their TBOP/BCR.

12.               Rent free BSNL land line phones to erstwhile P&T Employees:

The issue of grant of rent free land line phones of BSNL is  pending in the SCOVA also for a pretty long time. Several Courts have ruled against the discrimination shown towards one class of people against the other. The cut off date fixed by the DoT is most discriminatory as it disallows other erstwhile P&T employees from getting the benefit. All the erstwhile P&T employees irrespective of their period of service in the combined department of Posts and Telecommunications shall be granted the benefit of a rent-free land line phone by BSNL.

13.               Allotment of vacant Postal Staff Quarters to Postal Pensioners:

Several Postal Staff Quarters are lying not only vacant but also getting corroded due to non-occupation for a long time. The Staff Quarters which are not occupied by the willing employees can be allotted to willing pensioners of Postal Department so that the buildings will be comparatively maintained by occupation besides some rent is collected by the Department also. The vacant postal staff quarters may be granted to Postal Pensioners on nominal rent.

Signature

District / Divisional Secretary

AIPRPA …………………………………………………District

…………………………………….State

10thFederal Council of NFPE at Guwahati

09 Friday Sep 2016

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10thFederal Council of NFPE at Guwahati (Assam)
7-9, September, 2016
 
The historic 10th Federal Council Session of NFPE commenced at Guwahati from 7th September, 2016. The Federal Council Session is taking place at a very important juncture.
For Details Click Here

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.

Kerala has been a pioneer state :Vice President

31 Wednesday Aug 2016

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in programmes aimed at improving the human condition and empowering the citizens: Vice President

Inaugurates 2nd phase of the total e-Literacy programme

The Vice President of India, Shri M. Hamid Ansari has said that Kerala has been a pioneer state in terms of ushering in programmes aimed at improving the human condition and empowering the citizens and the quest for 100% e-literacy is reflective of that drive and spirit. He was addressing the gathering after inaugurating in Thiruvananthapuram, Kerala yesterday the 2nd phase of the total e-Literacy and commencement of the Digital Libraries programmes in the State. The Governor of Kerala, Justice (Retd.) P. Sathasivam, Chief Minister Shri Pinarayi Vijayan and the Deputy Chairman, Rajya Sabha, Prof. P.J. Kurien were present on the occasion.

The Vice President said that poor and marginalized communities face tremendous challenges in overcoming the “digital divide” and in using Information Communication Technology or ICTs as a tool for economic and social development and for improving their living conditions. This, in turn, makes e-literacy a crucial skill to possess, he added.

The Vice President said that the penetration of internet, both conventional and mobile, in India has been growing at an increasing rate and the global system for mobile (GSM) communication occasioned the preponderant use of cellular phones in India which has allowed us to leap-frog the infrastructural constraints of traditional access to internet and ICT and ICT enabled services. He further said that mandatory use of e-skills has been imposed on our citizens in the form of e-government, e-learning, e-health etc. Thus, the lack of e-literacy skills seems more debilitating than basic literacy skills because of the ubiquitous applications of ICT in civic, work and personal situations and with improved e-literacy skills, more individuals can access ICT based skill-development and vocational training programmes, he added.

The Vice President said that e-literacy skills are also very useful in effective participation in e-government, e-commerce, e-health and use of personal electronic gadgets. E-literacy skills and access to Internet provide the citizen with an almost unlimited amount of knowledge and information which is the key to empowering the citizen and for the making of a successful democracy, he added.

The Vice President commended the government of Kerala for setting up this institution in the memory of Shri P N Panicker and appreciated that the PN Panicker Vigyan Vikas Kendra has taken the lead towards realizing the aim of making Kerala the first e-literate state of the country, within a timeframe of 33 months. The Vice President formally launched the second phase of the total e-literacy programme in Kerala.

Following is the text of Vice President’s message:

“The internet has been described as one of the most important technological innovations of the last century. This is exceptional for a century which, among other scientific and technical advances, also gave us aeroplanes, rockets, jet engines, understanding of genetics, radio, television, anti-biotics and digital computers.

The Internet is a powerful tool to improve livelihoods and to provide new economic and social opportunities, particularly for young people in poor communities as they connect with the rest of the world. It is a means of overcoming social exclusion providing a “digital bridge” out of poverty. In rural areas, the Internet can provide a powerful equalizing tool allowing people to receive access to key information and to connect with each other, overcoming social and geographical boundaries.

At the same time, evidence shows that poor and marginalized communities face tremendous challenges in overcoming the “digital divide” and in using Information Communication Technology or ICT as a tool for economic and social development and for improving their living conditions. There is a risk that ICTs may reinforce existing social and economic inequalities and that people who are being left behind, may be excluded even further. This highlights the importance of integrating the use of ICTs into economic and social development projects of the government. In particular, it will be important to integrate IT capacity-building programmes into rural development, sustainable livelihoods and education projects. This, in turn, makes e-literacy a crucial skill to possess.

E-literacy has been defined in a variety of ways but it generally relates to the skill set required to make efficient use of all the services, materials, tools, information and resources that are available to an individual through the internet.

The penetration of internet, both conventional and mobile, in India has been growing at an increasing rate since the year 2000. Between 2014 and 2015, the number of users grew at a phenomenal 51%. Most of this growth came in the rural mobile internet use, where the number of mobile internet users increased by 93%. According to the Internet Live website, which measures internet users across the word in almost real time, on 15 August this year, India had 46.3 crore internet users. That is a substantial number, however, given our large population, it represents only 34.8% of our total population. It means that a significant number is still digitally in the dark.

The global system for mobile (GSM) communication occasioned the preponderant use of cellular phones in India. It has allowed us to leap-frog the infrastructural constraints of traditional access to internet and ICT and ICT enabled services, and make it available to an ever growing number of our people. The mobile revolution, as well as migration of a number of citizen oriented services to the ICT platform has intensified the need to provide e-literacy to the citizenry. E-literacy in this context will relate to skills, knowledge, attitude entailed in the use of electronic devices such as mobile phone, computer, hand held and other ICT gadgets in personal, civic and occupational situations. Specific e-literacy skills would include electronic data/information entry, storage, retrieval, appreciation and interpretation.

Mandatory use of these skills has been imposed on our citizens in the form of e-government, e-learning, e-health etc. Thus, the lack of e-literacy skills seems more debilitating than basic literacy skills because of the ubiquitous applications of ICT in civic, work and personal situations. Furthermore, ICT has made mobile education, learning for all, open learning, and vocational training more feasible than was previously possible.

With improved e-literacy skills, more individuals can access ICT based skill-development and vocational training programmes. Acquired e-literacy skills will be very useful in data entry and result interpretation of the ubiquitous diagnostic equipment found in all trade occupations. Furthermore, these e-literacy skills are also very useful in effective participation in e-government, e-commerce, e-health and use of personal electronic gadgets.

But above all, e-literacy skills and access to Internet provide the citizen with an almost unlimited amount of knowledge and information. This information is the key to empowering the citizen and for the making of a successful democracy. It is therefore befitting that a network of library should be the hub of the efforts to bring about total e-literacy in the state.

I commend the government of Kerala for setting up this institution in the memory of Shri P N Panicker, who has left an indelible mark in the state and the rest of the country by his contributions to furthering the cause of literacy.

I also appreciate that the PN Panicker Vigyan Vikas Kendra has taken the lead towards realizing the aim of making Kerala the first e-literate state of the country, within a timeframe of 33 months, in collaboration with various organizations from state and the central government, and with active participation of the civil society. I have been informed that the first phase of the e-literacy programme has proceeded as per the schedule and that e-literacy has been achieved in 19 Panchayats, covering some 3.25 lakh people by March 2016.

I am, therefore, very happy to formally launch the second phase of the total e-literacy programme in Kerala today. I am informed that the second stage of total e-literacy programme would involve establishing 100 digital libraries, which will provide resources and information to over 50 lakh villagers in the state.

Kerala has been a pioneer state in terms of ushering in programmes aimed at improving the human condition and empowering the citizens. The quest for 100% e-literacy is reflective of that drive and spirit. It is an outstanding attempt at empowering the citizens and providing them with e-literacy skills that will make it possible for them to participate productively in the global society and the information age.

I wish the project and those associated with it all the very best for the future.

Jai Hind.”

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