BUDGET 2016: Personal Finance Perspective

Sunday, March 13th, 2016 Amritesh no responses

Budget 2016 was an attempt to address the concerns of Individuals involved in the Agriculture Sector as well as ensure that Infrastructure Developments are on the right track which is very encouraging. The stance on Fiscal Consolidation is also commendable considering that 7thPay Commission is bound to put additional burden on the Government. However, the Budget did not bring much cheer to the Middle and Salaried class who in my opinion are already burdened by various direct and indirect taxes. The Government has chosen to tax the existing tax payers instead of widening the tax base, and in my opinion even the Super Rich Farmers should be brought under the purview of tax, while incentive and benefits should be extended…

Budget 2016-17: Highlights

Tuesday, March 1st, 2016 Amritesh no responses

The Budget for 2016-17 was presented yesterday and to the disappointment of the Salaried class there has been no revision in the existing Tax Slab nor any hike in the tax deduction available various Section. Moreover, the biggest shocker for over 5 crore EPF account holders was the announcement that now major chunk of the retirement corpus is taxable. Even Superannuation Funds (Retirement Funds like National Pension Scheme) will have tax implication at the time of maturity/withdrawal.The Budget aimed at addressing the needs of the poor, people involved with the agriculture sector and development of the rural areas was very encouraging.  The notable disappointment was that the middle class hardly had anything to cheer, on contrary the announcement to tax…

WPI Slides, CPI touches New High, Factory Output Remains Down

Monday, February 15th, 2016 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of January, 2016 continues with the deflationary trend, as inflation stood at (-)0.90% as compared to (-)0.73% in the previous month. Inflation has stayed negative consecutively for the past 15 months. This is the leanest period observed since the WPI Index was launched in 2005. The fall in WPI inflation is mainly contributed due to slide in Crude Prices which ensured that wholesale inflation remained negative. The food inflation rose to 6.02% as compared to 8.17% in the previous month. The fuel and power segment, inflation declined by (-)9.20% as compared to (-)9.15% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

WPI Deflation Eases, CPI on the High, Factory Output Declines

Friday, January 15th, 2016 Amritesh 2 responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of December, 2015 has shown signs of deflationary trend easing, as inflation rose to (-)0.73% as compared to (-)1.99% in the previous month. Inflation has stayed negative consecutively for the past 14 months. This is the leanest period observed since the WPI Index was launched in 2005. The nominal rise in WPI inflation is mainly contributed to rise in Food Inflation although the falling Crude Prices have helped to keep the wholesale inflation in negative. The food inflation rose steeply to 8.17% as compared to 5.20% in the previous month. The fuel and power segment, inflation declined by (-)9.15% as compared to (-)11.09% in the previous month. Wholesale Inflation takes into…

WPI Slide Arrested, Industrial Output At 5 year High

Tuesday, December 15th, 2015 Amritesh one response

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of November, 2015 has shown pressure of the rising food prices as it stood at (-)1.99% as compared to (-)3.81% in the previous month. Inflation has stayed negative consecutively for the past 13 months. The WPI figure is mainly contributed due to rise in Food Inflation although the falling Crude Prices have helped to keep the inflation in check. The food inflation rose steeply to 5.20% as compared to 2.44% in the previous month. This is the leanest period observed since the WPI Index was launched in 2005. The fuel and power segment, inflation declined by (-)11.09% as compared to (-)16.32% in the previous month. Wholesale Inflation takes into account the…

WPI Negative, Slow Industrial Output Raises Concerns

Tuesday, November 17th, 2015 Amritesh 4 responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of October, 2015 fell to (-)3.81% as compared to (-)4.54% in the previous month. Inflation has stayed negative consecutively for the past 12 months. The WPI downward trend was mainly contributed due to falling crude prices and weakness in Global Commodity prices. The food inflation remained in check despite steep price rise seen in Pulses and Onions as it grew by 2.44% as compared to 0.69% in the previous month. This is the leanest period observed since the WPI Index was launched in 2005. The fuel and power segment, inflation declined by (-)16.32% as compared to (-)17.71% in the previous month. Wholesale Inflation takes into account the prices paid by the…

WPI Remains Negative, Industrial Output Rises

Thursday, October 15th, 2015 Amritesh one response

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of September, 2015 rose marginally to (-)4.54% as compared to (-)4.95% in the previous month. Inflation has stayed negative consecutively for the past 11 months. The WPI downward trend was mainly contributed due to cheaper Fuel and highlights the weakness in Global Commodity prices. The food inflation however rose to 0.69% as compared to (-)1.13% in the previous month. This is the leanest period observed since the WPI Index was launched in 2005. The fuel and power segment, inflation declined by (-)17.71% as compared to (-)16.5% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main…

WPI Deflation Continues In August, Industrial Output Looks Promising

Tuesday, September 15th, 2015 Amritesh one response

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of August, 2015 continued with its deflationary trend and fell to a new low at (-)4.95% as compared  to (-)4.05% in the previous month. Inflation has stayed negative consecutively for the past 10 months. The WPI downward trend was mainly contributed due to cheaper Fuel and Vegetables. The food inflation has remained negative at (-)1.13% as compared to (-)1.16% in the previous month. This is the leanest period observed since the WPI Index was launched in 2005. The fuel and power segment, inflation declined by (-)16.5% as compared to (-)12.8% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used…

WPI Deflation Continues In July, Industrial Output Grows

Saturday, August 15th, 2015 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of July, 2015 continued with its deflationary trend and fell sharply to (-)4.05% as compared  to (-)2.40% in the previous month. Inflation has stayed negative consecutively for the past 9 months. The WPI downward trend was mainly contributed due to the deflation seen in Food Inflation and also in the Primary Articles. The food inflation has turned negative to (-)1.40% as compared to 1.90% in the previous month. The fuel and power segment, inflation declined by (-)12.8% as compared to (-)10.03% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI remaining…

WPI Deflation Continues in June, Industrial Output Slows Down

Saturday, July 18th, 2015 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of June, 2015 continued with its deflationary trend at (-)2.40% as compared  to (-)2.36% in the previous month. Inflation has stayed negative consecutively for the past 8 months. The food inflation came down to 2.88% as compared to 3.78% in the previous month. The fuel and power segment, inflation declined by (-)10.03% as compared to (-)10.51% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI remaining down is due to Food Inflation remaining in check, the slide in Crude prices in the International Market. The depreciation of rupee against dollar did…