Will Indian Budget last till December..? 74 % is over

In signs of deterioration of the country's financial situation, the government's fiscal deficit has risen to Rs 3.07 lakh crore, or 74 per cent of the Budget estimates, in the first seven months of 2011-12.

According to the Controller General of Accounts (CGA) data, the government's fiscal deficit went up to Rs 3.07 lakh crore, or 74.4 per cent of the Budget estimates at the end of October, as non-tax revenue growth declined.

The Centre's fiscal deficit -- gap between overall expenditure and receipts -- was 42.6 per cent of the estimates in the same period last year.

For 2011-12 fiscal, the government has estimated a deficit of Rs 4.12 lakh crore or 4.6 per cent of GDP.

The rise in fiscal deficit is mainly on account of lower mobilisation of non-tax revenue compared to same period last year when it had mobilised over Rs 1.08 lakh crore on account of 3G and BWA spectrum auctioning.

The revenue receipt stood at over Rs 5.39 lakh crore during the seven-month period against the Budget estimate of Rs 7.89 lakh crore for the entire fiscal. This is 45.5 per cent of the estimates.

At the end of September, non-tax revenue collection has stood at 54.4 per cent of Budget estimates, compared to 119 per cent in the same period a year ago.

The government has so far mobilised just Rs 1,145 crore from disinvestment. This is far less than the target of Rs 40,000 crore set for the entire fiscal.

Disinvestment plan of the government has been hit due to uncertainty in the stock market fuelled by global economic slowdown.

Meanwhile, the revenue deficit, the difference between revenue earned and expenses, during April-October this year stood at Rs 2.43 lakh crore, or 79 per cent of the budget estimates.

Comments :

As Write, so much is being written about and spoken about the Governments lethargy and Tactlessness that no more words can define them. 

It seems that, Mr Singh is showing Aloofness and High handedness with the opposition. He cannot now be said as Economist only. 

The F. D. I. in Retail is hated policy and more so a politically incorrect timing. 

It seems that, Dr. Singh will soon be replaced from the top job. Who will be Next..? that's the Q for 2012

Indian Budget deficit to rise to 5.5 %..?

The finance ministry on Friday sought Parliament’s approval for a net additional expenditure of Rs. 56,848.46 crore, which will take the fiscal deficit way past the budgeted 4.6% of gross domestic product (GDP).

Submitting the second supplementary demand for grants, the ministry projected a gross additional expenditure of Rs. 63,180.24 crore. Out of that, the government plans to meet Rs. 6,330.8 crore of expenditure through savings on the money already allocated to various departments.

The additional expenditure is a sign of pressure on government finances and indicates that a revenue shortfall is for real, said D.K. Joshi, chief economist at credit rating agency Crisil Ltd.

“As there is no revenue buoyancy, the government has to meet the additional expenditure through higher market borrowing,” he said. Concerns of additional government borrowing pushed up yields in the government securities market. The yield on the 10-year benchmark paper rose to 8.84% in intra-day trading before ending the day at 8.81%, higher than Thursday’s close of 8.79%.

In the first supplementary demand for grants in August, the government had projected an additional gross expenditure of Rs. 34,724 crore, entailing a net cash outgo of Rs. 9,016.06 crore.

In September, the government announced that it will borrow an additional Rs.52,872 crore from the market in the second half of 2011-12, raising its borrowing programme for the fiscal to Rs. 4.7 trillion.

The government had budgeted to borrow Rs. 4.17 trillion for the current fiscal. The government, which has already borrowed Rs. 2.5 trillion in the first half of the fiscal, will now borrow Rs. 2.2 trillion in the second half. Crisil has projected the fiscal deficit at 5.2% of GDP, which may need to be revised upwards, Joshi said.

M. Govinda Rao, director at the National Institute of Public Finance and Policy, said he expects the fiscal deficit at 5.5% of GDP for the current fiscal.

On Tuesday, finance minister Pranab Mukherjee said the government will find it hard to meet the 4.6% target in the year to March because any belt-tightening may hit jobs and slow economic growth even further. The economy is expected to grow 7.6% this year, down from 8.5% in the last fiscal.

“This is a difficult target, given the deterioration in the global economy and its impact on India over the last three-four months,” Mukherjee told the Lok Sabha. “We have to be careful not to overdo ourselves in reaching this target, since that can have an excessive slowing-down impact on growth.”

Dhawal Dalal DSP Blackrock MF : Opinion on Bond Market

Indian Deficit is at 8.6% with 10% Inflation

India's combined fiscal deficit --of both the Centre and states--during 2011-12 could be as high as 8.6% of the GDP and any further slippage could risk a credit downgrade and loss of business confidence, says a report.

According to global research firm Macquarie, consolidated fiscal deficit of the country including off-budget items like food, oil and fertiliser is likely to be around 8.6% amid slowing revenue growth and "lack of expenditure management by the government".

Macquarie further warned the country's fiscal deficit already remained high and any further slippage can increase the risk of "credit rating downgrade and loss of business confidence". It said the Indian government needs to adhere to the path of fiscal correction.

"We believe that the government needs to stick to its commitment of fiscal consolidation and curtail expenditure growth to create a room for private investments," the report said.

The overall fiscal deficit in financial year 2010-11, excluding the 3G spectrum receipts stood at 9%, it said.

"This, in an environment of weak global capital markets, could result in higher cost of capital and further crowding out of private investments and thus slower growth," it said.

Moreover, high fiscal deficit is also the main culprit responsible for high inflation, Macquarie said.

Empirical estimates suggest that a 1 per cent increase in level of fiscal deficit could cause about a quarter of a percentage point increase in the WPI.

Inflation has remained above the RBI's comfort zone of 5-5.5% over the last 22 months and has averaged over 9% during this period.

RBI raises bond issuance by Rs 52782 crs Yields rockets

Issuance Calendar for Marketable Dated Securities for October-March 2011-12

It has been decided to continue with the practice of releasing indicative calendar for issuance of Government of India dated securities, enabling institutional and retail investors to plan their investment efficiently and at the same time, providing transparency and stability to the Government securities market. Keeping in view the shortfall in other financing items, it has been decided to increase the Government market borrowing through dated securities provided in the Union Budget 2011-12 by ` 52,872 crore. The market borrowing through dated securities during the second half (i.e. October-March 2011-12) would be ` 2,20,000 crore, instead of `1,67,128 crore. Accordingly, the following indicative calendar for issuance of Government of India dated securities for the second half of the fiscal year 2011-12 (October 1, 2011 to March 31, 2012) is being issued in consultation with the Government of India. Calendar for Issuance of Government of India Dated Securities (October 1, 2011 to March 31, 2012) Sr. No. Week of Auction Amount in`Crore Security-wise allocation 1 October 3-7, 2011 15,000 i) 5-9 Years for ` 3,000-4000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 2 October 10-14, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 3 October 24-28, 2011 15,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 4 October 31-November 4, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 5 November 7-11, 2011 13,000 i) 5-9 Years for ` 3,000-4000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 6 November 14-18, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 7 November 21-25, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 8 November 28-December 2, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 9 December 5-9, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 10 December 19-23, 2011 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 11 January 2-6, 2012 15,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 12 January 9-13, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 13 January 23-27, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. 14 January 30-February 3, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 15 February 6-10, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. 16 February 13-17, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 17 February 20-24, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which five per cent of the notified amount will be reserved for the specified retail investors. As in the past, the Government of India/ Reserve Bank will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, maturities, etc. and to issue different types of instruments depending upon the requirement of the Government of India, evolving market conditions and other relevant factors after giving due notice. J. D. Desai Assistant Manager Press Release : 2011-2012/500

India Fiscal deficit doubles, Revenue deficit rises 4 times

The central government's fiscal deficit surged more than two-fold to Rs 2.2 lakh crore during the first four months of the current fiscal, on account of low revenue realisation and higher expenditure.

The deficit was Rs 90,915 crore in April-July period of 2010.

Fiscal deficit, the gap between overall expenditure and receipts, in the first four months of the financial year is almost 55% of the Budget estimate of Rs 4.12 lakh crore for 2011-12, as per the latest data of the Controller General of Accounts (CGA).

The rise in Centre's fiscal deficit is on account lower tax mobilisation compared to the same period last fiscal.

The revenue receipt stood at Rs 1,37,155 crore during the period against the Budget Estimate (BE) of Rs 7,89,892 crore for the entire fiscal. This is just 17.4 per cent of the BE.

At the same time, the non-tax revenue collection has declined sharply to 18.4% compared to 84.9% in the same period a year ago.

The non-tax revenue stood at Rs 23,077 crore as against the Budget Estimate of 1,25,435 crore. Besides, the government has mobilised just Rs 1,145 crore from disinvestment, although the target of the entire fiscal is Rs 40,000 crore. Disinvestment plan of the government has been hit due to uncertainty in the stock market fuelled by global economic slowdown.

Meanwhile, the revenue deficit, the difference between revenue earned and expenses, during April-July this year stood at Rs 1.94 lakh crore, which is almost four times more than the figure of Rs 50,075 crore in the first four months of 2010-11.

The latest number is 63.4% of the Budget Estimate of Rs 3.07 lakh crore.

The Huge differential over Year-O-Year, is due to Exceptional gains in 3G spectrum Sale. Indian government is experiencing the Losses Due to short fall due to reduction in Indirect taxes on Crude Oil and Petroleum Products on One hand, and falling Tax collection due to ' Slowing Economy'. Apart, the disinvestment programme is hugely off the Track, due to depressed Stock Prices. The Direct taxes rose, while its 1st tranche in June 2011. The rising Inflation, Stagnating Growth from June 11 onwards may have its effect in September 2011, direct tax receipts. The Government had estimated an budget shortfall to 4.6%. Many had envisaged the Indian Budget to miss the lower estimations

A Letter to Deficit : Post to Rs 6641.30 cr losses

The annual expenditure of the Department of Posts was 13,307.95 crore during FY11, almost double its revenue of 6,962.33 crore, government data showed. 

This has "resulted in a deficit of 6,345.62 crore," Minister of State for Communications and IT Sachin Pilot said in a written reply to the Lok Sabha. 

Similarly, in FY10, while the Department earned 6,266.30 crore, it spend 12,908 crore. 

The department's deficit had jumped over 80% to 6,641.30 crore in 2009-10 from 3,593.09 crore in 2008-09 on account of the implementation of the Sixth Pay Commission's recommendations. 

The government has been working on revamping the Indian postal service. Internet connectivity to post offices and turning post offices to full-fledged banks are some of the initiatives being worked on to give the humble post office a radical makeover. 

Replying to another question, Pilot said the government has approved the IT modernisation project for the Department of Posts for computerisation of post offices. "This will involve establishment of required IT infrastructure and development of required software applications with an outlay of 1,877.2 crore," Pilot said. 

The IT project is expected to be implemented by 2012-13, subject to the availability of funds, he added. 

The department has a network of 1.55 lakh post offices in the country, the largest in the world, of which more than 1.39 lakh are in rural areas.


NOTe: Indian Telecom Revolution and Courier services have been the biggest adversaries of the Postal Department. The postal services mostly now used by the Business services and government agencies, who Both can afford the higher charges. Of Course, the Postal relevance was felt by me, when I remained away in different part of the country, The extent of losses is too much and if one account for real services to the rural poor, the cost would be too High 

Indian Inflation Fuels the Political Protest..?

Ministry of Commerce & Industry16-August, 2011 11:53 IST

Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of July, 2011

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month July, 2011 rose by 0.7 percent to 154.0 (Provisional) from 153.0 (Provisional) for the previous month. INFLATION   The annual rate of inflation, based on monthly WPI, stood at 9.22% (Provisional) for the month of July, 2011 (over July, 2010) as compared to 9.44% (Provisional) for the previous month and 9.98% during the corresponding month of the previous year. Build up inflation in the financial year so far was 3.01% compared to a build up of 3.45% 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 0.2 percent to 197.9 (Provisional) from 197.5 (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 Articles’ group rose by 1.4 percent to 192.8 (Provisional) from 190.1 (Provisional) for the previous month due to higher prices of coffee (15%), gram (8%), fish-inland (7%), ragi (6%), mutton (4%), fruits & vegetables (3%), barley, bajra and rice (2% each) and wheat (1%). However, the prices of condiments & spices (3%), urad, egg and arhar (2% each) and poultry chicken, masur and tea (1%) declined. The index for ‘Non-Food Articles’ group declined by 3.0 percent to 175.8 (Provisional) from 181.3 (Provisional) for the previous month due to lower prices of raw cotton (12%), flowers (7%),  raw rubber (6%), copra (4%), soyabean and mesta (3% each) and raw jute (2%).  However, the prices of gaur seed (20%), niger seed (16%), linseed (11%), coir fibre (8%), sunflower (6%), gingelly seed (5%), safflower (4%), castor seed (3%) and rape & mustard seed, cotton seed, groundnut seed and raw silk (1% each) moved up. The index for ‘Minerals’ group declined by 1.5 percent to 307.7 (Provisional) from 312.5 (Provisional) for the previous month due to lower prices of zinc concentrate (28%), limestone (7%), barytes (5%), steatite and iron ore (4% each) and sillimanite and crude petroleum (1% each).  However, the prices of bauxite (7%), magnesite (5%), chromite (4 %) and copper ore (3%) moved up. FUEL & POWER (Weight 14.91%) The index for this major group rose by 2.5 percent to 165.6 (Provisional) from 161.6 (Provisional) for the previous month due to higher prices of kerosene (13%), LPG (11%) and high speed diesel (7%).  However, the prices of  bitumen (6%),      furnace oil (4%), naphtha and light diesel oil (3% each) and aviation turbine fuel (2%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.3 percent to 137.7 (Provisional) from 137.3 (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 0.7 percent to 149.5 (Provisional) from 148.4 (Provisional) for the previous month due to higher prices of coffee powder (20%), tea dust (blended) (5%), sugar confectionary and canned fish (4% each), mustard & rapeseed oil (3%), tea leaf (unblended), groundnut oil and sugar (2% each) and oil cakes, rice bran oil, ghee, bakery products, soyabean oil, gur and sooji ( rawa ) (1% each).  However, the prices of mixed spices and vanaspati (3% each) and gingelly oil and copra oil (1% each) declined. The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.7 percent to 161.8 (Provisional) from 160.6 (Provisional) for the previous month due to higher prices of bidi (5%) and rectified spirit (2%).  However, the prices of soft drinks & carbonated water (3%), dried tobacco (2%) and chewing tobacco (scented or not ) (1%) declined. The index for ‘Textiles’ group declined by 1.4 percent to 130.6 (Provisional) from 132.5 (Provisional) for the previous month due to lower prices of cotton yarn (6%), jute yarn (4%), jute sacking bag (2%) and tyre cord fabric, jute sacking cloth and gunny and hessian cloth (1% each).  However, the prices of man made fabric (2%) and woollen textiles (1%) moved up. The index for ‘Wood & Wood Products’ group rose by 2.7 percent to 161.6 (Provisional) from 157.3 (Provisional) for the previous month due to higher prices of plywood & fibre board (5%) and processed wood (2%). The index for ‘Paper & Paper Products’ group rose by 1.2 percent to 132.4 (Provisional) from 130.8 (Provisional) for the previous month due to higher prices of card board (14%), paper rolls (10%), corrugated sheet boxes (5%) and books/ periodicals/ journals (2%).  However, the prices of paper cartons / boxes (2%) and cream laid woven paper and      maplitho paper (1% each) declined. The index for ‘Leather & Leather Products’ group rose by 2.3 percent to 130.1 (Provisional) from 127.2 (Provisional) for the previous month due to higher prices of leather garments & jackets and leather footwear (3% each) and leathers (1%). The index for ‘Rubber & Plastic Products’ group rose by 0.5 percent to 133.2 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of tubes (3%) and rubber products and tyres (1% each). The index for ‘Chemicals & Chemical Products’ group rose by 0.3 percent to 131.8 (Provisional) from 131.4 (Provisional) for the previous month due to higher prices of photographic goods (5%), distemper (4%), organic manure and washing soap (3% each), basic inorganic chemicals, adhesive & gum and di ammonium phosphate (2% each) and urea, thermocol, dye & dye intermediates, explosives, ammonium sulphate, rubber chemicals,ayurvedic medicines,     agarbattis, washing powder and pesticides (1% each).  However, the prices of thinner (13%), paints (5%), non-cyclic compound (4%), turpentine oil and synthetic resin (2% each) and lacquer & varnishes and safety  matches/ match box (1 % each) declined. The index for ‘Non-Metallic Mineral Products’ group rose by  0.4 percent to 149.9 (Provisional) from 149.3 (Provisional) for the previous month due to higher prices of white cement (5%), asbestos corrugated sheet and bricks & tiles (3% each) and slag  cement and polished granite (1% each). However, the prices of railway sleeper and grey cement (1% each) declined. The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.3 percent to 151.0 (Provisional) from 150.6 (Provisional) for the previous month due to higher prices of sponge iron (5%), steel castings (4%) and iron castings, copper products (other than wire), rebars, pig iron, nuts/bolts/screw/ washers and gp/gc sheets (1% each).  However, the prices of chromium / chrome (17%), iron & steel wire (2%) and pipes/tubes/rods/strips, sheets, melting scrap and ferro manganese (1% each) declined. The index for ‘Machinery & Machine Tools’ group declined by 0.1 percent to 123.8 (Provisional) from 123.9 (Provisional) for the previous month due to lower prices of earth moving machinery and capacitors (5% each),     hydraulic equipment and pump & assembly (4% each), ball/roller bearing (2%) and microwave oven, fluorescent tubes and pvc insulated cable (1% each).  However, the prices of conductor (4%), rubber machinery (3%), material handling equipments (2%) and grinding /wet coffee machinery, electric switches, air conditioner & refrigerators, plastic machinery, fibre optic cable, computers and batteries (1% each) moved up. The index for ‘Transport, Equipment & Parts’ group rose by 0.9 percent to 123.9 (Provisional) from 122.8 (Provisional) for the previous month due to higher prices of motor vehicles (5%), bi-cycles (2%) and auto rickshaw / tempo / matador (1%).  However, the prices of  bus / mini bus / truck (5%) and railway brake gear (1%) declined. FINAL INDEX FOR THE MONTH OF MAY, 2011 (BASE YEAR: 2004-05=100) For the month of May, 2011 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 152.4  as compared to 151.7 (Provisional) and annual rate of inflation based on final index stood at 9.56 percent as compared to 9.06 percent (Provisional) reported on 14.07.2011. Next date of press release: 14/09/2011 for the month of August, 2011 This press release is available at our home page http://eaindustry.nic.in Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of July, 2011 Commodities/Major Groups/Groups/Sub-Groups Weight WPI July, 2011 Latest month over month Build up from March Year on year 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 ALL COMMODITIES 100.00000 154.0 0.86 0.65 3.45 3.01 9.98 9.22 PRIMARY ARTICLES 20.11815 197.9 1.02 0.20 7.17 5.15 19.09 11.30 Food Articles 14.33709 192.8 1.60 1.42 8.92 7.71 18.48 8.19 Cereals 3.37323 176.3 0.66 1.32 0.54 2.32 8.35 5.32 Rice 1.79348 170.0 0.97 1.55 1.59 1.80 9.58 2.47 Wheat 1.11595 171.0 -0.59 1.36 -2.89 -1.21 6.54 1.91 Pulses 0.71662 190.5 -0.48 2.04 3.47 -0.26 14.40 -7.43 Vegetables 1.73553 185.2 -1.77 14.39 30.30 29.24 -3.64 7.67 Potato 0.20150 142.0 6.70 14.15 26.85 32.83 -42.54 6.21 Onion 0.17794 200.6 5.19 15.75 -7.76 12.00 -7.49 26.96 Fruits 2.10717 196.5 4.92 -4.47 17.24 6.50 32.43 15.11 Milk 3.23818 193.4 1.57 0.00 4.43 10.77 26.06 10.77 Egg, Meat & Fish 2.41384 205.6 2.12 1.83 9.36 5.22 31.42 9.25 Non-Food Articles 4.25756 175.8 -0.46 -3.03 1.26 -8.15 15.30 15.51 Fibres 0.87737 203.7 -0.32 -10.11 3.97 -28.17 16.20 29.66 Oil Seeds 1.78051 156.3 -0.44 0.26 0.66 3.51 2.24 14.00 Minerals 1.52350 307.7 0.04 -1.54 6.26 15.33 31.60 25.03 FUEL & POWER 14.91021 165.6 3.21 2.48 5.50 5.08 13.26 12.04 Liquefied petroleum gas 0.91468 147.7 8.23 10.55 14.99 14.58 15.30 14.58 Petrol 1.09015 172.4 5.98 0.00 8.62 8.70 15.33 23.23 High speed diesel 4.67020 167.8 4.14 6.81 6.15 9.24 14.64 9.32 MANUFACTURED PRODUCTS 64.97164 137.7 0.23 0.29 1.51 1.55 5.78 7.49 Food Products 9.97396 149.5 1.61 0.74 -1.91 3.03 7.34 7.55 Sugar 1.73731 170.2 5.67 1.67 -10.62 -0.18 14.92 3.72 Edible Oils 3.04293 132.9 1.13 0.08 2.19 3.18 2.28 14.08 Beverages, Tobacco & Tobacco Product 1.76247 161.8 -0.07 0.75 1.20 4.72 7.32 12.60 Cotton Textiles 2.60526 148.6 -0.08 -3.38 4.39 -3.94 14.54 22.51 Man Made Textiles 2.20573 120.6 2.01 0.25 3.14 -1.23 9.93 7.87 Wood & Wood Products 0.58744 161.6 0.61 2.73 0.89 6.53 4.90 9.41 Paper & Paper Products 2.03350 132.4 1.15 1.22 3.26 2.24 4.58 7.29 Leather & Leather Products 0.83509 130.1 0.70 2.28 1.02 3.67 0.00 1.09 Rubber & Plastic Products 2.98697 133.2 0.57 0.45 2.83 0.15 5.01 7.68 Chemicals & Chemical Products 12.01770 131.8 -0.25 0.30 1.41 1.93 4.36 7.94 Non-Metallic Mineral Products 2.55597 149.9 1.26 0.40 1.47 1.08 3.05 3.31 Cement & Lime 1.38646 154.1 2.13 -0.32 1.46 0.26 2.54 0.46 Basic Metals Alloys & Metal Product 10.74785 151.0 -0.80 0.27 3.31 1.82 7.86 10.06 Iron & Semis 1.56301 146.6 -0.16 1.10 -0.48 4.49 5.39 18.99 Machinery & Machine Tools 8.93148 123.8 0.08 -0.08 0.84 0.41 2.29 2.74 Transport Equipment & Parts 5.21282 123.9 0.17 0.90 1.95 1.23 3.79 2.91 Annexure-II Trend of Rate of Inflation for some important items during last six months Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months July-11 June-11 May-11 Apr-11 Mar-11 Feb-11 ALL COMMODITIES 100.00 9.22 9.44 9.56 9.74 9.68 9.54 PRIMARY ARTICLES 20.12 11.30 12.22 12.92 15.09 13.44 15.89 Food Articles 14.34 8.19 8.38 8.25 10.66 9.41 10.95 Cereals 3.37 5.32 4.63 5.76 4.42 3.48 3.43 Rice 1.79 2.47 1.89 3.79 2.32 2.27 3.84 Wheat 1.12 1.91 -0.06 -0.42 0.18 0.17 -1.28 Pulses 0.72 -7.43 -9.72 -9.21 -6.37 -3.97 -5.24 Vegetables 1.74 7.67 -7.54 -0.66 2.02 8.56 14.38 Potato 0.20 6.21 -0.72 0.08 -1.09 1.42 -10.86 Onion 0.18 26.96 15.38 8.13 6.01 4.55 5.17 Fruits 2.11 15.11 26.43 27.42 44.44 26.72 17.48 Milk 3.24 10.77 12.51 6.11 2.87 4.43 12.54 Egg, Meat & Fish 2.41 9.25 9.55 6.59 11.14 13.54 12.74 Non-Food Articles 4.26 15.51 18.57 21.42 26.86 27.35 34.36 Fibres 0.88 29.66 43.78 56.90 87.22 87.69 89.23 Oil Seeds 1.78 14.00 13.22 12.06 10.03 10.87 7.90 Minerals 1.52 25.03 27.03 29.57 23.57 15.20 17.72 FUEL & POWER 14.91 12.04 12.85 12.32 13.04 12.49 12.37 Liquefied petroleum gas 0.91 14.58 12.17 11.31 11.31 14.99 14.99 Petrol 1.09 23.23 30.61 27.31 21.81 23.14 28.73 High speed diesel 4.67 9.32 6.58 5.49 5.49 6.22 12.45 MANUFACTURED PRODUCTS 64.97 7.49 7.43 7.43 6.80 7.45 6.26 Food Products 9.97 7.55 8.48 7.85 5.94 2.40 0.00 Sugar 1.74 3.72 7.79 5.53 3.45 -7.14 -15.43 Edible Oils 3.04 14.08 15.28 15.47 13.47 12.98 13.01 Beverages, Tobacco & Tobacco Product 1.76 12.60 11.68 9.74 7.71 8.80 8.60 Cotton Textiles 2.61 22.51 26.69 28.89 31.08 33.13 26.74 Man Made Textiles 2.21 7.87 9.76 10.45 11.83 12.64 13.60 Wood & Wood Products 0.59 9.41 7.15 5.29 2.89 3.62 3.78 Paper & Paper Products 2.03 7.29 7.21 7.88 6.86 8.37 7.10 Leather & Leather Products 0.84 1.09 -0.47 -0.55 -0.16 -1.49 -1.20 Rubber & Plastic Products 2.99 7.68 7.80 8.14 9.52 10.56 9.60 Chemicals & Chemical Products 12.02 7.94 7.35 7.50 6.85 7.39 6.59 Non-Metallic Mineral Products 2.56 3.31 4.19 3.59 3.62 3.71 2.53 Cement & Lime 1.39 0.46 2.93 2.04 1.78 1.65 0.47 Basic Metals Alloys & Metal Product 10.75 10.06 8.89 8.36 7.49 11.67 11.14 Iron & Semis 1.56 18.99 17.50 15.02 12.36 13.33 14.30 Machinery & Machine Tools 8.93 2.74 2.91 3.08 2.82 3.18 3.38 Transport Equipment & Parts 5.21 2.91 2.16 1.42 2.08 3.64 2.96