Synopsis
Inflation in food articles inflation contracted 1.11% after rising 3.94% last month while that in fuel and power index contracted 8.72% against a fall of 9.87% in November. Manufactured products inflation rose 4.24% against a 2.97% rise in the previous month.
India s WPI inflation eases in December to 1.22% as compared to 1.55% in November, 2020
Wholesale inflation in India fell to 1.22% in December driven by lower food inflation, data released by the commerce and industry ministry showed on Thursday.
The inflation based on Wholesale Price Index (WPI) was 1.55% in November 2020, and 2.76% in December 2019.
Inflation in food articles inflation contracted 1.11% after rising 3.94% last month while that in fuel and power index contracted 8.72% against a fall of 9.87% in November. Manufactured products inflation rose 4.24% against a 2.97% rise in the previous month.
India News: NEW DELHI: Prime Minister Narendra Modi will on Saturday interact with startups and address a global summit being organised by the Ministry of Commerc.
Updated:
January 08, 2021 14:56 IST
USTR started investigation in June last year against Equalisation Levy (EL), on the ground of Section 301 of the U.S. Trade Act of 1974.
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The tax applied since April 1, 2020 covers all digital transactions in India, including e-commerce supplies by non-resident players.
| Photo Credit: Reuters
USTR started investigation in June last year against Equalisation Levy (EL), on the ground of Section 301 of the U.S. Trade Act of 1974.
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India’s Ministry of Commerce and Industry on Thursday denied U.S. claim that its 2% tax on digital services discriminated against the American companies.