Manufacturing, capital & consumer goods push IIP growth to 7.5 pc
Mar 13, 2018, 04:13
January saw annual consumer inflation of 5.1%, off the December figure of 5.2%, which was the highest rate in 17 months.
"The IIP data also points towards signs of economic recovery as the negative effect of the disruptive shocks of past year appear to be on the wane".
Inflation rate for "food and beverages" segment moderated to 3.38 per cent in February from 4.58 per cent in the previous month, while the "fuel and light" inflation rate moderated to 6.80 per cent from 7.73 per cent in January, CSO data showed.
India's retail inflation eased for the second straight month in February but remained above the 4 percent medium-term target of the Reserve Bank of India (RBI), strengthening views it will hold rates steady at its April meeting rather than raise them.
A lower inflation is considered to be an ideal situation for central bank to slash prices to aid industrial and commercial activity. "Domestic pump prices of petrol and diesel rose sharply in January, reflecting lagged pass-through of the past increases in global crude oil prices".
In December, the index of industrial production (IIP) grew 7.1%, while consumer price index (CPI)-based inflation had slowed to 5.1% in January.
Manufacturing sector, which accounts for more than three-fourths of the entire index soared 8.7 percent in January as compared with 8.5 percent in December, led by an improved production of consumer durables and continued double-digit growth of consumer non-durables as well as capital goods.
The consumer food price index (CFPI) stood at 3.26% during the month, lower compared to 4.70% of January 2018, but way higher from 2.01% of year ago same month. It grew by 8.7% during the month as compared to 2.5% in January 2017, showing signs of recovery in the economy.
Capital goods, a barometer of investments, showed a sharp increase in output by 14.6 per cent in January 2018 against a decline of 0.6 per cent year ago.
Consumer non-durable goods, which are mainly fast moving consumer goods, too showed an increase of 10.5% as against a growth of 9.6%. However, mining grew by a mere 0.1 per cent in the month.
Chandrajit Banerjee, director general, CII said: "The visible improvement in industrial output, which rose to 7.5 per cent at the onset of the New Year as against 3.5 per cent last year, augurs well for the return of broad based recovery in industrial performance during the year".
MI beat Purdue for the Big Ten title at Madison Square Garden, where more than 4,000 seats went unsold for the championship game. They're 143rd in the country in scoring (75.0 points per game) and rank 146th in effective field goal percentage (51.7 percent).
In January, he announced he would "go after the legal fronts " - the left-wing groups that allegedly support the NPA. Tauli-Corpuz to ensure her physical safety and that of others listed", the United Nations experts said.
I couldn't care less.They do not represent the interests of the Russian state". "Maybe they're not even Russians", said Putin. Putin, who faces re-election this year, again denied charges by US intelligence agencies that he ordered the interference.
Casillas first joined the police department in Pomona, which is 30 miles east of Los Angeles, as a records specialist in 2014. Isaias De Jesus Valencia, 39, was also charged with attempted murder of other peace officers, the agency said in a statement.
Though India had more circle entries, they could not make much of it thanks to an alert Carr at the goalpost. India's next match was against England and they were looking forward to their first win in that match.
I give them a 65% chance to get into the NCAA Tournament , and now they sit and wait for their name to be called on Sunday. Their impressive run started by beating Southern Miss and a Kenyon Martin led Cincinnati team that had already crushed St.
But over 54 remarkable holes at Valspar, with expectations starting low and swelling higher, Woods has proven he can still play. His health is a far cry from this time a year ago , when he says he could barely climb out of bed.
Sherman expects to be ready for the regular season but could be limit in August for training camp and parts of the preseason. On March 1, Seahawks coach Pete Carroll said he expected Sherman to remain in walking boot for a few more weeks.
Martin Shkreli sentenced to seven years in prison
He was convicted on August 5 , 2017 of securities fraud and conspiracy in what prosecutors said amounted to a Ponzi scheme. The seriousness of his crimes meant Shkreli deserved a long sentence , argued Assistant US Attorney Jacquelyn Kasulis .