National
Wholesale inflation eases in September to 2.6% (Lead)
New Delhi, Oct 16 (IANS) Cooling of food prices helped ease India’s annual rate of inflation based on the Wholesale Price Index (WPI) in September to 2.6 per cent, official data showed on Monday.
According to data released here by the Commerce Ministry, the WPI, with the revised base year of 2011-12, eased from 3.24 per cent in August. The wholesale inflation rate was at 1.36 per cent during Sepetember 2016.
“The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group, and ‘Food Product’ from Manufactured Products group decreased from 4.41 per cent in August to 1.99 per cent in September,” the statement said.A
“Index of ‘Food Articles’ group declined by 4 per cent for the previous month due to lower price of fruits and vegetables (15 per cent), betel leaves (6 per cent), ragi (4 per cent), bajra (3 per cent), pork, maize and tea (2 per cent each) and poultry chicken (1 per cent),” it added.
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, declined during the month in consideration by 3 per cent, from an increase of 2.26 per cent in August.
The index for ‘Non-Food Articles’ declined marginally by 0.2 per cent in September, as compared to the previous month.
Instead, prices of the other major group under the WPI — manufactured products — which comprise nearly 64.23 per cent of the index, rose marginally by 0.4 per cent.
Also, the fuel and power price index’s inflation accelerated in September by 1.7 per cent over the previous month, while under this category, ‘mineral oils’ rose by 3.3 per cent.
Product-wise, the price of high-speed diesel rose by 2 per cent during September, while that for petrol climbed by 3 per cent, and for LPG by 10 per cent.
Data last week showed retail inflation remained static in September at 3.28 per cent as compared to August, with a marginal drop in the food prices
On a sequential basis, the country’s Consumer Food Price Index (CFPI) dropped to 1.25 per cent during the month under review when compared to 1.52 per cent in August 2017.
Earlier this month, the Reserve Bank of India maintained its hawkish stand, keeping its key interest rate unchanged at 6 per cent in view of rising inflationary pressure and concerns over “fiscal slippage”.
–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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