National
India’s wholesale inflation in August accelerates to 3.24% (Lead)
New Delhi, Sep 14 (IANS) A massive jump in food prices pushed up India’s wholesale price-indexed (WPI) inflation in August at 3.24 per cent to nearly double that of July, official data showed on Thursday.
According to data released by the Commerce Ministry, the annual rate of WPI inflation in July was at 1.88 per cent, while it was at 1.09 per cent during August 2016.
“The annual rate of inflation, based on monthly WPI, stood at 3.24 per cent (provisional) for the month of August, 2017 (over August, 2016) as compared to 1.88 per cent (provisional) for the previous month and 1.09 per cent during the corresponding month of the previous year,” the Ministry said in the “Index Numbers of Wholesale Price in India” for August.
“Build up inflation rate in the financial year so far was 1.41 per cent compared to a build up rate of 3.25 per cent in the corresponding period of the previous year.”
Wholesale prices had accelerated in July to 1.88 per cent from June’s rise of 0.90 per cent and an increase of 2.26 per cent reported for May.
On a segment-wise basis, expenses on primary articles, which constitute 22.62 per cent of the WPI’s total weightage, edged higher by 2.66 per cent from an increase of 0.46 per cent in July 2017.
However, the rise in WPI prices for primary articles during the month under review was slower on a year-on-year (YoY) basis, as it had risen by 4.78 per cent in August 2016.
The prices of food articles rose by 5.75 per cent from an acceleration of 2.15 per cent during July 2017 and a rise of 4.93 per cent in August 2016.
In terms of food prices, the YoY wholesale inflation rate for onion was higher by 88.46 per cent, whereas for potatoes it plunged by (-)43.82 per cent.
In contrast, overall vegetable prices in August rose by 44.91 per cent, against a fall of (-)7.75 per cent in the same month a year ago.
As per the data, on YoY basis, wheat became cheaper by (-)1.44 per cent, while protein-based food items such as eggs, meat and fish became dearer by 3.93 per cent.
Prices of other major group under the WPI — manufactured products — which comprise nearly 64.23 per cent of the index, rose by 2.45 per cent. The sub-category of manufactured food products registered a rise of 1.84 per cent.
The fuel and power price index’s inflation accelerated by 9.99 per cent.
Product-wise, the price of high-speed diesel rose by 20.30 per cent during August, while that for petrol climbed by 24.55 per cent, and for LPG by 5.33 per cent.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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