WHOLESALE

  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...
  • Walmart to extend online wholesale platform reach from October 1 September 20, 2014

    New Delhi: Walmart India on Saturday said it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1. The USretail giant at present operates B2B ecommerce platform in two citiesHyderabad and Lucknow in the country. "Starting October 1, members of Best Price wholesale stores...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years September 15, 2014

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly fiveyear low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • Onion prices crashes in Karnataka, farmers gets just Rs 510 per kg September 13, 2014

    Bangalore: The price of onion has hit the bottom in Karnataka, the second largest onion growing state in India. The wholesale purchasing rate of the best onion (price the growers get) has gone down to Rs 15 per kg and other midlevel onions are being purchased from the farmers for...
  • Inflation at 5 month low of 5.19 per cent in July August 14, 2014

    New Delhi: Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. Inflation in the overall food articles...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 201415 overcoming the sub5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 201314, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 201314 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • Onion prices to shoot up due to strike in wholesale markets June 17, 2014

    New Delhi: After inflation hit a fivemonth high at 6.01 per cent, the onion prices are threatening to shoot up in view of a strike in major wholesale markets including Lasalgaon. The Agriculture Ministry has stepped in to control the situation. Agriculture Ministry sources told CNNIBN that officials have been...
  • April WPI inflation at twomonth low of 5.2 per cent May 15, 2014

    India's wholesale pricesbased inflation in April slowed to a twomonth low of 5.2 per cent, helped by a moderation in food and fuel costs, government data showed on Thursday. The rise in the wholesale price index (WPI) compared with a 5.73 per cent yearonyear jump forecast by economists in a Reuters...
  • March WPI inflation hits three-month high of 5.70 per cent April 15, 2014

    New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent in March, driven up by increases in food and fuel costs, government data showed on Tuesday. The rise in the wholesale price index (WPI)compared with a 5.30 per cent jump forecast by economists in a Reuters...
  • Fire tenders run out of water while dousing major fire at wholesale market; 1 dead March 18, 2014

    A labourer was on Monday charred to death while two others sustained serious burns in a blaze at a local wholesale agricultural market, police said. According to police, items worth an estimated Rs 2 crore were also destroyed in the fire which claimed the life of Janardan, a labourer hailing from...
  • December 2013 WPI inflation down to 6.16 pc vs 7.52 pc in November January 15, 2014

    India's headline inflation eased to a fivemonth low of 6.16 percent in December from a 14month high, helped by a softening in vegetable prices, government data showed on Wednesday. The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November, wholesale...
  • Nashik: Wholesale onion price crashes to Rs 7 per kg, farmers protest December 19, 2013

    Mumbai: The wholesale price of onion has fallen to as low as Rs 700 per quintal in the Nashik market of Maharashtra. Even though retail price is still higher, the sudden price crash has angered and shocked the farmers. They are now getting a mere Rs 7 per kilo of...
  • Governance deficit pushing onion prices upwards, says Tariq Anwar November 8, 2013

    Onion prices have soared mainly due to 'governance deficit' and issues related to licensing of wholesalers, Minister of State for Agriculture Tariq Anwar said. "The recent rise in prices of onion are clear case of governance deficit. If farmers get paid Rs 10 per kg, while the consumers pay anywhere between...
  • Wholesale, retail inflation up in September; rate cut hope fades October 14, 2013

    Indicating worsening of the price situation, inflation wholesale as well as retail went up in September because of costlier food items, especially onion and vegetables, dimming the prospects of rate cut by RBI later this month to boost the sagging economy. While the Wholesale Price Index (WPI) based inflation...
  • Onion wholesale prices down Rs 5 per kg; retail rates continue to touch sky September 24, 2013

    New Delhi: Wholesale prices of onion on Tuesday declined by Rs 5 at Rs 4045 per kg, although retail rates continued to rule at the uncomfortable level of Rs 6070 a kilo. Arrival of new crop of the kitchen staple from Karnataka and increase in imports led to the fall in...
  • RBI Governor Raghuram Rajan may raise policy rates yet again September 23, 2013

    Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation. Raising the repo rate by 25...
  • Onion prices: Traders, farmers make profits at the cost of the consumer September 23, 2013

    Nashik: While suppliers blamed a shortfall in production for rising onion prices, a CNNIBN investigation has now exposed the reason behind the unprecedented crisis. While traders made huge profits by hoarding onions, farmers too added to consumer woes by holding back the produce. Th onion was never so elusive. It...
  • Inflation impact: How much Rs 100 from 1939 will be worth now August 29, 2013

    Most of us would have heard from the generations past what all they could buy for a only a rupee during their time. But with a list of inflation-altered products we couldn't always gauge their comparative worth in today's time.So we took the Wholesale Price Index based inflation figures for...
  • Inflation-adjusted 3 Idiots beats Sholay, Mughal-e-Azam, Chennai Express as Bollywood's biggest blockbuster ever August 27, 2013

    One of the many ever-raging debates in Bollywood is about which is the biggest blockbuster ever? Recent reports say it is the Shah Rukh Khan starrer Chennai Express, but old-timers insist that they haven't seen anything that mesmerised the nation since K Asif's Mughal-e-Azam. Many like me, for so long...
  • Govt approves Rs 4 crore revolving fund for onion purchase, sale August 21, 2013

    The Rajasthan government has sanctioned a revolving fund of Rs 4 crore to the state cooperative department to buy onion from wholesale market and sell it to buyers at the same price. The process has begun for procuring onion from the wholesale market and selling it to customers in district headquarters...
  • Wholesale onion prices fall by Rs 5/kg in Delhi August 19, 2013

    Wholesale onion prices on Monday fell by Rs 5 per kg in Delhi's Azadpur market to Rs 3540 per kg due to substantial increase in supplies and the declined is expected to cool down the retail rates as well. There has been a decline of Rs 20 per kg in the...
  • Should onion exports be banned? August 13, 2013

    In trying times for household budgets, onion prices have skyrocketed sending budgets out of control. The average wholesale price of onion has more than doubled since the beginning of this month. ...
  • Onion prices reaches Rs 70 per kg, double in August alone August 13, 2013

    In trying times for household budgets, onion prices have skyrocketed sending budgets out of control. The average wholesale price of onion has more than doubled since the beginning of this month. It's selling between Rs 70 and Rs 80 rupees per kg. ...
  • Reason behind vegetable price rise crop shortage or profiteering? July 5, 2013

    New Delhi: The rising prices of vegetables across parts of the country have become a huge concern among the consumers. Early monsoons have affected the crops resulting in lesser produce, but the consumers are also flummoxed by the marked difference between wholesale and retail prices. In the national capital, even...
  • May inflation declines to 4.7 pc from 4.89 pc in April June 14, 2013

    New Delhi: The WPIbased inflation fell to 4.7 per cent in May, driven mainly by declining prices of manufactured items, even as prices of food articles inched up. Inflation based on the Wholesale Price Index (WPI) stood at 4.89 per cent in April. In May, 2012, it was 7.55...
  • April inflation slows to 4.89 pc, lowest since Nov 2009 May 14, 2013

    New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in a...
  • LBT strike: Raj Thackeray asks traders to open shops May 12, 2013

    Mumbai: Amid ongoing standoff between traders and state government over proposed imposition of Local Body Tax (LBT), Maharashtra Navnirman Sena chief Raj Thackeray on Sunday asked traders to not hold common people to ransom and open their shops. In a press statement issued in Mumbai, Raj said that LBT, to be...
  • Chavan asks Cong leaders to clear misconceptions over LBT May 12, 2013

    Mumbai: Perturbed by strident opposition to imposition of Local Body Tax (LBT) in Mumbai and some municipal corporations from October 1, Maharashtra Chief Minister Prithviraj Chavan on Sunday asked Congress leaders to "clear misconceptions" pertaining to the levy. "The chief minister asked state Congress leaders, including MPCC chief Manikrao Thakre and...