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Index Numbers of Wholesale Price in India


Index Numbers of Wholesale Price in India (Base: 2004-05=100)
Review for the month of November, 2015 
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of November, 2015 rose by 0.5 percent to 177.6 (provisional) from 176.7 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the month of November, 2015 (over November, 2014) as compared to -3.81% (provisional) for the previous month and -0.17% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% 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 1.6 percent to 256.5 (provisional) from 252.4 (provisional).  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 2.3 percent to 271.0 (provisional) from 264.9 (provisional) for the previous month due to higher price of fish-inland (9%), urad, egg and moong (6% each), condiments & spices, masur and maize   (5% each), arhar and fruits & vegetables (4% each), barley, tea, gram and poultry chicken (3% each), bajra and pork (2% each) and jowar, wheat and mutton (1% each).  However, the price of fish-marine (2%) declined.

The index for ‘Non-Food Articles’ group rose by 0.5 percent to 221.7 (provisional) from 220.7 (provisional) for the previous month due to higher price of niger seed and flowers (10% each), raw jute (8%), rape & mustard seed and raw wool (5% each), mesta (4%), fodder (3%), sunflower (2%) and castor seed (1%).  However, the price of guar seed (6%), raw rubber, copra (coconut) and cotton seed (4% each), groundnut seed (3%), coir fibre (2%) and gingelly seed and linseed (1% each) declined.

The index for ‘Minerals’  group declined by 2.2 percent to  217.6 (provisional) from 222.5 (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and chromite, phosphorite and sillimanite (1% each). However, the price of crude petroleum (1%) moved up.


FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.9 percent to 177.9 (provisional) from 176.4  (provisional) for the previous month due to higher price of high speed diesel (3%) and kerosene and furnace oil (1% each).  However, the price of bitumen and aviation turbine fuel (1% each) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.2 percent to 153.0 (provisional) from 153.3 (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 0.3 percent to 174.9 (provisional) from 174.3 (provisional) for the previous month due to higher price of tea dust (blended) and mustard & rapeseed oil (3% each), sunflower oil, wheat flour (atta),     maida, sugar, ghee and khandsari (2% each) and sooji (rawa), gola (cattle feed), cotton seed oil, rice bran oil and     vanaspati (1%).  However, the price of tea leaf (blended) (6%), tea dust (unblended) and groundnut oil (3%), gingelly oil and gur (2% each) and copra oil, oil cakes, soyabean oil, palm oil and powder milk (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.1 percent to 206.0 (provisional) from 206.2 (provisional) for the previous month due to lower price of zarda (4%) and dried tobacco (3%).  However, the price of      rectified spirit (1%) moved up.

The index for ‘Textiles’ group rose by 0.3 percent to 139.8 (provisional) from 139.4 (provisional) for the previous month due to higher price of gunny and hessian cloth (5%), jute sacking cloth (3%), jute yarn, man made fabric and jute sacking bag (2 % each).  However, the price of tyre cord fabric (2%) and cotton yarn (1%) declined.

The index for ‘Wood & Wood Products’ group rose by 1.7 percent to 197.7 (provisional) from 194.4 (provisional) for the previous month due to higher price of plywood & fibre board (3%).

The index for ‘Paper & Paper Products’ group declined by 0.4 percent to 154.6 (provisional) from 155.2 (provisional) for the previous month due to lower price of paper cartons / boxes (3%) and printing and writing paper (1%).

The index for ‘Leather & Leather Products’ group declined by 1.0 percent to 143.8 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (5%).

The index for ‘Rubber & Plastic Products’ group declined by 0.5 percent to 146.3 (provisional) from 147.0 (provisional) for the previous month due to lower price of plastic products (1%).

The index for ‘Chemicals & Chemical Products’ group declined by 0.1 percent to 150.6 (provisional) from 150.8 (provisional) for the previous month due to lower price of glycol (7%), non-cyclic compound (3%) and polymers,     photographic goods, vitamins, turpentine oil, basic inorganic chemicals, explosives, basic organic chemicals and pigment & pigment intermediates (1% each).  However, the price of ammonium sulphate (3%), distemper (2%) and pesticides, castor oil, washing soap, rubber chemicals, dye & dye intermediates and urea (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.7 percent to 176.9 (provisional) from 178.1 (provisional) for the previous month due to lower price of marbles (12%), lime (3%) and polished granite, railway sleeper and white cement (1% each).  However, the price of asbestos corrugated sheet (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.2 percent to 152.2 (provisional) from 154.1 (provisional) for the previous month due to lower price of melting scrap (5%), wire rods and rounds (4% each), billets and      rebars (3% each), sponge iron, CRC, pig iron, HRC, angles, sheets, gold & gold ornaments, steel rods, plates and ferro manganese (2% each) and joist & beams, nuts/bolts/screw/ washers, gp/gc sheets, aluminium, steel structures and ferro chrome (1% each).  However, the price of iron castings (2%) and metal containers (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 137.9 (provisional) from 137.7 (provisional) for the previous month due to higher price of  gauges (1%).  However, the price of railway axle & wheel (1%) declined.


FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2015 (BASE YEAR: 2004-05=100)

For the month of September, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.5 as compared to 176.6 (provisional) and annual rate of inflation based on final index stood at -4.59 percent as compared to -4.54 percent (provisional) respectively as reported on 14.10.2015.




Annexure-II








Trend of Rate of Inflation for some important items during last six months







Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI Nov- 2015
Latest month over month
Build up from March
Year on year
2014-15
2015-16
2014-15
2015-16
2014-15
2015-16
ALL COMMODITIES
100.00000
177.6
-1.36
0.51
0.50
0.85
-0.17
-1.99
PRIMARY ARTICLES
20.11815
256.5
-0.99
1.62
4.76
7.32
-1.61
2.27
Food Articles
14.33709
271.0
-0.39
2.30
9.80
8.70
0.66
5.20
Cereals
3.37323
236.1
-0.17
0.55
1.69
2.16
2.17
0.47
Rice
1.79348
237.5
-0.65
-0.46
5.73
1.67
5.55
-3.22
Wheat
1.11595
221.5
1.15
1.00
-2.84
2.78
-2.22
4.53
Pulses
0.71662
380.4
0.97
4.39
5.62
47.56
4.43
58.17
Vegetables
1.73553
333.1
-1.48
9.57
47.18
53.64
-28.38
14.08
Potato
0.20150
197.4
0.80
13.64
121.44
30.56
34.16
-53.72
Onion
0.17794
534.1
3.22
-15.11
43.60
60.63
-55.29
52.69
Fruits
2.10717
237.2
-4.11
-1.66
12.14
-2.71
14.68
-2.35
Milk
3.23818
250.8
0.20
0.04
7.30
1.42
10.22
1.58
Egg, Meat & Fish
2.41384
279.3
1.64
2.87
1.06
-3.72
3.89
-2.24
Non-Food Articles
4.25756
221.7
-0.71
0.45
-4.23
9.43
-3.65
6.33
Fibres
0.87737
202.9
-1.17
0.95
-15.05
4.91
-17.27
0.15
Oil Seeds
1.78051
217.8
-0.92
-0.55
-1.59
6.56
-0.68
6.92
Minerals
1.52350
217.6
-5.67
-2.20
-11.46
-10.56
-13.22
-28.87
FUEL & POWER
14.91021
177.9
-5.08
0.85
-6.58
-5.37
-4.53
-11.09
Liquefied petroleum gas
0.91468
160.7
0.41
0.44
-3.45
-1.23
0.12
-5.80
Petrol
1.09015
159.0
-4.68
-0.44
-12.61
-3.69
-9.55
-9.30
High speed diesel
4.67020
181.4
-8.82
2.78
-5.67
-10.73
-1.93
-16.83
MANUFACTURED PRODUCTS
64.97164
153.0
-0.45
-0.20
0.65
-0.58
1.90
-1.42
Food Products
9.97396
174.9
-0.35
0.34
2.48
2.82
1.58
0.92
Sugar
1.73731
167.9
-1.87
2.00
3.05
-3.78
0.21
-11.16
Edible Oils
3.04293
150.3
0.28
0.20
-1.77
3.80
-3.29
4.45
Beverages, Tobacco & Tobacco Product
1.76247
206.0
0.30
-0.10
3.17
1.38
9.08
2.03
Cotton Textiles
2.60526
155.6
-1.23
-0.19
-2.79
-1.33
0.63
-2.93
Man Made Textiles
2.20573
130.8
-1.09
0.38
0.81
-1.36
1.64
-3.89
Wood & Wood Products
0.58744
197.7
0.16
1.70
0.00
4.22
4.58
5.50
Paper & Paper Products
2.03350
154.6
-0.07
-0.39
2.37
1.11
5.37
2.32
Leather & Leather Products
0.83509
143.8
-0.07
-1.03
0.07
1.05
0.34
-1.57
Rubber & Plastic Products
2.98697
146.3
-0.53
-0.48
0.20
-1.35
1.56
-2.60
Chemicals & Chemical Products
12.01770
150.6
-0.13
-0.13
0.39
-0.20
2.68
-1.70
Non-Metallic Mineral Products
2.55597
176.9
-0.57
-0.67
4.60
-1.01
5.86
0.97
Cement & Lime
1.38646
173.7
-1.38
0.00
4.14
-2.25
4.21
1.64
Basic Metals Alloys & Metal Product
10.74785
152.2
-0.90
-1.23
-1.49
-5.99
0.06
-7.81
Iron & Semis
1.56301
135.5
-1.51
-1.17
-1.51
-9.00
2.76
-13.42
Machinery & Machine Tools
8.93148
134.9
-0.15
0.00
1.13
-0.07
1.74
0.15
Transport Equipment & Parts
5.21282
137.9
-0.07
0.15
0.07
0.44
0.07
1.47














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Ranking of Jharkhand in Ease of Doing Business 
The areas where State of Jharkhand has performed well have been highlighted in the Report and the report has been shared on the official website of Department of Industrial Policy and Promotion [DIPP] (dipp.nic.in)

The recommendations for next year’s assessment have been finalized in consultation with the State Governments and Industry Associations. A list of 340 action points has been shared with the States and Union Territories for implementation in the next year. These recommendations are available on the official website of DIPP.

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. 
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Promotion of Footwear Industry 


            There are considerable possibilities for promotion of footwear industry all over India including Maharashtra. The details of the interventions in Maharashtra carried out under Indian Leather Development Programme (ILDP) during the 12th Five Year Plan is as given under:

(i)                 Integrated Development of Leather Sector (IDLS) – Assistance provided to units of Maharashtra under IDLS sub-scheme of ILDP during 12th Five Year Plan is as given under –

Year
Funds Released
2012-13
24.58 Lakh
2013-14
39.29 Lakh
2014-15
0.18 Lakh
2015-16
Nil
Total
64.05 Lakh



(ii)               Support to Artisan (STA) – Assistance is provided to conduct interventions in Maharashtra with GOI assistance of Rs. 10 Crore covering 5500 artisans under ‘Support to Artisan’ sub-scheme of ILDP.

Coverage Area
2012-13
2013-14
Total
Target
Variation
Maharashtra
0
5500
5500
5000
+500

(iii)             Human Resource Development (HRD) – Under HRD sub-scheme of ILDP, placement linked skill development training is being provided to unemployed persons. In the 12th Five Year Plan, 2405 unemployed persons have been provided skill development training in Maharashtra. Out of these, 1860 trainees (77%) have been provided employment in the leather sector by Footwear Design and Development Institute (FDDI), Noida.

            Under Indian Leather Development Programme (ILDP) a central sector scheme of Government of India, demand driven assistance is given to the industry in the country to augment raw material base, enhance capacity, modernization and up-gradation of leather units, address environmental concerns, human resource development, support to traditional leather artisans, address infrastructure constraints and establish institutional facilities.

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
*******
Rate of Medicines Through Industries 
The Government has launched Jan Aushadhi Scheme to make available generic medicines at affordable prices to all through Jan Aushadhi Stores. As a regulatory measure, National Pharmaceutical Pricing Authority regulates the prices of essential medicines. All the medicines specified in national list of Essential Medicines 2011 (680 medicines at present) have been brought under price control.

The Government has launched the India Aspiration Fund in August 2015 with the initial corpus of Rs. 2,000 crores to pick up equity in start-ups. This Fund will go into investment in funds started by State Governments and financial institutions for investment in start-up companies. This Fund will help abridge the gap between talented idea pool and the investors.

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. 
*******
Investor Facilitation Cell 

. The Department of Industrial Policy & Promotion has requested Ministries/Departments as well as the State Governments and UTs to set up Investor Facilitation Centres to help channelize investments into the country.  
No Investor Facilitation Cell has been set up under Invest India in the States. However, several States have set up their own one-stop facilitation centres to extend assistance and provide guidelines and cooperation to the investors.
In pursuance of an Action Plan agreed at the National Workshop on ‘Make in India’ held in December 2014, States/UTs have embarked upon a series of business reforms  with a view to improving efficiency and effectiveness of various government regulatory functions and services for businesses in India.  Some of the important measures taken by the States are indicated in the statement atAnnexure.
This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
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RC/nb



ANNEXURE
Initiatives on Improving ‘Ease of Doing Business’ in India
The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective. The measures taken are:
1.      Process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24x7 basis at the eBiz website. This had led to ease of filing applications and online payment of service charges.

2.      20 services are integrated with the eBiz portal which will function as a single window portal for obtaining clearances from various governments and government agencies.  These services are given in Appendix.

3.       Notification has been issued on 12-03-2015 by DGFT to limit number of documents required for export and import to three.

4.      Ministry of Corporate Affairs has introduced an integrated process of incorporation of a company, wherein applicants can apply for Director’s Identification Number (DIN) and company name availability simultaneous to incorporation application [Form INC-29].

5.      The Companies (Amendment) Act, 2015 has been passed to remove requirements of minimum paid-up capital and common seal for companies. It also simplifies a number of other regulatory requirements.

6.       A comparative study of practices followed by the States for grant of clearance and ensuring compliances was conducted through M/s Accenture Services (P) Ltd. and six best practices were identified. These were circulated among all the states for peer evaluation and adoption. The study has also identified important bottlenecks faced by industries and important steps required to improve the business environment in States.

7.      Application forms for Industrial Licence (IL) and Industrial Entrepreneur Memorandum (IEM) have been simplified.

8.      Vide Press Note 3 (2014), Defence products’ list for industrial licensing has been issued, wherein large number of parts/components, castings/forgings etc. have been excluded from the purview of industrial licensing. Similarly dual use items, having military as well as civilian application (unless classified as defence item) will also not require Industrial License from defence angle. For these items only an Industrial Entrepreneur Memorandum (IEM) has to be filed.

9.      Vide Press Note 5 (2014), initial validity period of Industrial License has been increased to three years from two years. This will give enough time to licensees to procure land and obtain the necessary clearances/approvals from authorities.

10.  MHA has stipulated that it will grant security clearance on Industrial Licence Applications within 12 weeks. In matters other than Explosives and FIPB cases, security clearances are valid for three years unless there is a change in composition of management or shareholding.

11.  Partial commencement of production is being treated as commencement of production of all the items included in the license. This has obviated the hardship of licensees to get their Industrial License extended even though they have started production.

12.  To facilitate investors and to reply to their queries, Frequently Asked Questions (FAQs) by applicants for grant of industrial license have been developed and uploaded on DIPP website.

13.  Vide Press Note 4 (2014), the NIC Code NIC 2008 has been adopted, which is the advanced version of industrial classification. This code will allow Indian businesses to be part of globally recognized and accepted classification that facilitate smooth approvals/registration.

14.  Vide Press Note 6 (2014), the ‘Security Manual for Licensed Defence Industry’ has been issued. This has obviated the requirement of affidavit from applicants. Earlier, an affidavit signed before Judicial Magistrate was required from the applicant to confirm that they will comply with the safety & security guidelines/procedures laid down by the Ministry of Defence and Ministry of Home Affairs in Government of India. The applicants were facing difficulties in obtaining such affidavit and this was severely delaying the issue of License even after approval of Licensing Committee.

15.  A checklist with specific time-lines has been developed for processing all applications filed by foreign investors in cases relating to Retail/NRI/EoU foreign investments. This has been placed on the DIPP website.

16.  An Investor Facilitation Cell has been created in ‘Invest India’ to guide, assist and handhold investors during the entire life-cycle of the business.

17.  SEZ Units allowed removing goods for repair, replacement, testing, calibration, quality testing and research and development on self-attestation.

18.  Process of applying for Environment and Forests clearances has been made online through Ministry of Environment and Forests and Climate Change’s portals http://environmentclearance.nic.in/ and http://forestsclearance.nic.in/ .

19.  Requirement for Environment Assessment Report is required for industrial shed, school, college, hostel for education institution above 20,000 square meters of build-up area up to 150,000 square meters of build-up area.

20.  The issue of time taken in registration with Employees Provident Fund Organization (EPFO) and Employees State Insurance Corporation (ESIC) was taken up with the Ministry of Labour and Employment, Director General, ESIC and Central Provident Fund Commissioner. Both the processes have been automated and ESIC registration number is being provided on a real-time basis.

21.  An order facilitating revival and rehabilitation of MSMEs through banker’s committee has been issued by Ministry of MSME.

22.  A unified portal for registration of Units for LIN, reporting of inspection, submission of returns and grievance redressal has been launched by Ministry of Labour and Employment.

23.  DIPP has requested all Secretaries of Government of India and Chief Secretaries of the States/UTs to simplify and rationalize the regulatory environment. In order to improve the regulatory business environment they have been requested to take the following measures on priority: a) All returns should be filed on-line through a unified form; b) A check-list of required compliances should be placed on Department’s web portal; c) All registers required to be maintained by the business should be replaced with a single electronic register; d) No inspection should be undertaken without the approval of the Head of the Department; and e) For all non-risk, non-hazardous businesses a system of self-certification should be introduced.

24.  Registration process of VAT and Professional tax has been merged into a single process with single ID on 1st January, 2015 by the Government of Maharashtra.

25.  Registration for VAT in Delhi has been made online. TIN allotment is done real-time and business can start immediately on receipt of TIN number.

26.  The time required for giving a new electric connection in Mumbai has been reduced to 21 days from 67 days. The number of procedures  involved has been cut down to 3 from existing 7.

27.  Simplified procedure for new electric connection in Delhi with reduced procedures and time.

28.  Municipal Corporation of Delhi has launched online application process for grant of construction permits for residential and industrial buildings on 16th March, 2015 and commercial buildings in May, 2015.



Appendix

List of 20 Central Government Services(Integrated)
Sl. No.
Ministry/ Dept. Name
Service  Name
1
Ministry of Corporate Affairs
Name Availability
2
Ministry of Corporate Affairs
Director Identification Number
3
Ministry of Corporate Affairs
Certificate of Incorporation
4
Ministry of Corporate Affairs
Commencement of Business
5
Central Board of Direct Taxes
Issue of Permanent Account Number (PAN)
6
Central Board of Direct Taxes
Issue of Tax Deduction Account Number (TAN)
7
Reserve Bank of India
Advanced Foreign Remittance (AFR)
8
Reserve Bank of India
Foreign Collaboration-General Permission Route (FC-GPR)
9
Employees’ Provident Fund Organization
Employer Registration
10
Employee’s State Insurance Corporation
Employer Registration
11
Petroleum and Explosives Safety Organization
Issue of Explosive License
12
Directorate General of Foreign Trade
Importer Exporter Code License
13
Department of Industrial Policy and Promotion
Industrial License
14
Department of Industrial Policy and Promotion
Industrial Entrepreneur Memorandum
15.
Department of Heavy Industry (DHI)
Issue of custom duty concession certificate to entrepreneurs under project import scheme
16.

Central Board of Direct Taxes (CBDT)
Changes or correction in PAN data
17.
Reserve Bank of India
Foreign Currency- Transfer of Shares
18.
Ministry of Labour and Employment (MoL&E)
Registration under the Contract Labour Act, 1970
19.
Ministry of Labour and Employment (MoL&E)
Registration under the Building and other construction workers Act, 1996
20.
Ministry of Labour and Employment (MoL&E)
Registration under the Inter-State Migrant Workmen Act, 1979


*********
Production of Cement 
Details of production and dispatch of cement in the Country, as per the cess records available in this Department, in the Country, both in public and private Sector for the last three years and the current year are given below
Figures in Million tons

Year
Public Sector
Private Sector
Total

Production
Dispatch
Production
Dispatch
Production
Dispatch
      2012-13
1.07
1.07
251.53
236.98
252.60
238.05
      2013-14
0.92
0.82
249.12
247.53
250.04
248.35
     2014-15

0.32
0.31
270.61
258.15
270.93
258.46
    2015-16
(up to Oct-2015)


0.74

0.71

159.71

158.85

160.45

159.56

            The total installed capacity of Cement Plants in India is 360 Million Tons per annum.  At present, the Cement Industry is not operating at optimum capacity due to sluggish demand. As against the present installed capacity of 360 Million tons per annum, the total production during 2014-15 was only 270.93 Million Tons per annum.  Thus, there is ample scope to meet future requirement. 

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
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Multi-Billion Fund 
As per the Joint Statement signed between India and UAE issued on 17th August, 2015, it was decided to establish India-UAE Infrastructure Investment Fund, with the aim of reaching a target of USD 75 billion to support investment in India’s plan for rapid expansion of next generation infrastructure, especially in railways, ports, roads, airports and industrial corridors and parks. During the recent visit of UAE delegation led by Minister of Foreign Affairs, an India-UAE Business Forum was organized to encourage UAE investors to raise their investments in India. Presentations were made before the Business delegation especially in the field of Infrastructure Investment Fund, Make in India Initiative and on investment opportunities in Electronics, Ports, Railways, National Highways, Construction, Delhi-Mumbai Industrial Corridor projects.

During the recent visit of the Hon’ble PM to UAE, it was decided to boost India –UAE trade by 60% in the next five years. The initiative offers scope for UAE investors in as many as 25 sectors including infrastructure, energy including renewable energy, defence, railways and highways.

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. 








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