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New Delhi: The wholesale inflation dipped to (-) 2.06 per cent in February as prices of food articles, manufactured items and fuel products fell during the month. This is the fourth month in a row that WPI-based inflation remained in the negative zone. The wholesale price based inflation was (-) 0.39 per cent in January. It was 5.03 per cent in February last year. While inflation in onions, pulses and protein-rich items like egg, meat and fish inched upwards, vegetables, fruits and milk saw the rate of price rise decline during the month. Food articles • Inflation in food articles category stood at 7.74 per cent, and that in manufactured products category was 0.33 per cent, according to official data released today. • Inflation in vegetables stood at
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15.54 per cent in February, lower than 19.74 per cent in the previous month. Potato saw the rate of price rise decline to (-) 3.56 per cent as against 2.11 per cent in January. Inflation in fuel and power s e g m e n t declined to (-) 14.72 per cent in be taken into account by the Reserve February as against (-) 10.69 per Bank for formulating its next cent in previous month. monetary policy announcement, The December WPI inflation data scheduled on April 7. has been revised downwards to (-) • The RBI had lowered policy rates by 0.50 per cent as against 0.11 per cent 0.50 per cent between Januaryprovisional estimate. March to prop up growth as it saw The WPI inflation numbers would inflationary pressure easing.
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New Delhi: India is a bright spot in the global economy, the visiting IMF Chief Christine Lagarde said here. Of all the large economies, India is the fastest growing econony, she said at a public lecture at the Lady Sri Ram College in the Capital. IMF expects Indian economy to grow 7.2 per cent this year and 7.5 per cent next year. While many emerging market economies are losing growth momentum, India however is going in the opposite direction."India can not
Indore: Madhya Pradesh has achieved the distinction of having the highest per capita income growth in the country in 2013-14 as compared to the previous year, showing signs that it is gradually breaking the Bimaru shackles it was tied down with for ages. This is what shows the latest Economic Survey. However, the growth has been calculated on the basis of 2004-05 prices.
AT A GLANCE Annual per capita income (in Rs) at current prices (base 2004-05 prices)
State Madhya Pradesh Uttar Pradesh Bihar India
2012-13 44,998 33,616 27,202 67,839
2013-14 54,030 37,630 31,229 74,380
Growth 20.10% 11.90% 14.80% 9.60%
Source: Economic Survey 2014-15
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he per capita income is calculated by evenly dividing a state's annual income by its population. In fact, MP's per capita income growth at 20.1% is the highest among states in the country for 2013-14, with only the union territory of Pondicherry recording a higher per capital growth of 30.1%. However, this growth is no mean an achievement. State chief secretary Anthony DeSa attributed this to “making agriculture a business of profit and gradual industrialisation of the state.” But in spite of the high growth in per capita income, Madhya
Pradesh remains one of the poorest states in the country with Bihar, Uttar Pradesh, Jharkhand and Assam at the bottom of the rung. Also, the annual per capita income of MP at Rs 54,030 is much below the national average of Rs 74,380. The average monthly per capita income in Madhya Pradesh (at 200405 prices) stood at Rs 4,500 as against Rs 2,600 in Bihar, which is the poorest state in the country, as per the Economic Survey 2014-15 data. With a monthly per capita income of Rs 18,331, Delhi tops the list followed by Sikkim at Rs 14,707. The data for
Goa, which had the highest per capita income in 2012-13, is not available for 2013-14. The more important thing is that Madhya Pradesh is no longer a Bimaru state as was the case a few years ago. MP's GDP has been double that of the country in the last few years. The services sector has been growing at more than 10% yearon-year over the last seven years, while the agriculture sector growth in 2013-14 was 24.99%." He also attributed the high growth to rapid improvement in infrastructure that has attracted more investments and led to more job creation.
An organization, no matter how well designed, is only as good as the people who live and work in it. - Dee Hock
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only run fast, it can also fly high," she said.At the lecture, Lagarde also called for steps to bring "labour market flexibility", stating that it would benefit women. The IMF Chief also stressed the need for India to bring more subsidy reforms, implement GST. "At this juncture, the world needs a vibrant India and India needs the world," she said, adding that it was India's moment and the country should seize it.