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Business Economy

Retail inflation rises at 3.18 pc in June

Retail inflation rises at 3.18 pc in June

New Delhi, Jul 12 (UNI) India’s retail inflation grew at 3.18 per cent in June 2019 against 3.05 per cent in May this year, the Government announced on Friday.

Besides, the Consumer Food Price Inflation (CFPI) also rose at 2.17 per cent in June against 1.83 per cent in May 2019, said the data released by the Ministry of Statistics and Programme Implementation here.

The food and beverages inflation was calculated at 2.37 per cent in June 2019, while pan, tobacco and intoxicants data stood at 4.11 per cent in the month of June.

There was more than a two-fold increment in pulses inflation which stood at 5.68 per cent in June against 2.13 per cent in May, 2019.

According to the data, fuel and light inflation however, declined at 2.32 per cent in June against 2.48 per cent in May this year.

The vegetable inflation also dipped and stood at 4.66 per cent in June against 5.46 per cent in the previous month this year.

Cereals inflation grew at 1.31 per cent in June from 1.24 per cent and housing inflation rose marginally at 4.84 per cent in June against 4.82 per cent in previous month of May this year.

The clothing and footwear inflation was 1.52 per cent in June against 1.8 per cent in May 2019, the data added.

The CPI rate of 3.18 per cent has once again come below the RBI’s target of 4 per cent.

UNI SW PS 1833

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Functional routes under UDAN rises to 186

18 Jul 2019 | 6:55 PM

New Delhi, Jul 18 (UNI) With the Durgapur airport in West Bengal becoming operational, the number of functional routes under the Government regional connectivity scheme UDAN rose to 186, the government announced on Thursday.

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Volvo Cars report record revenue for first 6 months of 2019

Volvo Cars report record revenue for first 6 months of 2019

18 Jul 2019 | 6:54 PM

Kolkata, Jul 18 (UNI) Volvo Cars today reported a record revenue for the first six months of 2019 of SEK130.

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Standard Chartered to start operations at IFSC in Gujarat

18 Jul 2019 | 6:51 PM

Gandhinagar, Jul 18 (UNI) Standard Chartered, a London-based leading international bank, will shortly become the first foreign bank to launch operations at International Financial Services Centre (IFSC) located in Gujarat International Finance Tec – City (GIFT City).

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18 Jul 2019 | 5:34 PM

New Delhi, July 18 (UNI) Direct selling company Amway India hopes to grab over 11 per cent of the calcium supplement market with the launch of an enhanced version of the calcium supplement - Nutrilite Cal Mag D Plus- in the very first year.

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Kottayam-Kochi Rubber Market Rates

18 Jul 2019 | 5:27 PM

Kottayam, Jul 18 (UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal
RSS FOUR Rs 14800
RSS FIVE Rs 14600

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