Inflation rises to 1.44%
New Delhi: Marginal increase in the price of vegetables, coupled with sharp hike in pulses, canned fish and tanning materials, pushed up the inflation by 0.19 per cent to 1.44 per cent for the week ended 20 April.

Commodity price change, as measured by Wholesale Price Index (WPI), was, however, 5.54 per cent in the previous year and the recent rise was despite price dip for fish-marine, fish-inland, poultry chicken, salt, coconut oil and cement.

But WPI rose by 0.2 per cent to 162.4 as compared to 161 in the previous week mainly due to manufactured products and the index was 160.1 a year ago.

The final WPI stood marginally higher at 161 for the week ended February 23, as compared to the provisional level of 160.6, while the final inflation was 1.58 per cent as against the provisional level of 1.32 per cent.
Back to News Review index page  
NHPC draws up plans to add 5310 MW
New Delhi: National Hydel Power Corporation has drawn up an extensive plan to add 5310 mw capacity during the current 10th Five Year Plan.

Projects worth 2500 mw have already been cleared by the Centre, and approvals for the rest are awaited.

NHPC has already tied up a foreign loan of $ 150 million from the Deutsche Bank.
Back to News Review index page  

UAE firm to operate duty-free shops in Kochi
Dubai: A United Arab Emirates firm has inked a contract to operate duty-free shops at the Cochin International Airport.

Alpha Kreol, a 50:50 joint venture between Sharjah-based Kreol Trading and Alpha Retail, will undertake the management and supply of goods to the shops at the airport in Nedumbassery, near Kochi in Kerala.

The Alpha-Kreol joint venture is the first operation of its kind in the duty free industry in India.

The contract to operate the shops is for a period of 10 years.
Back to News Review index page