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Bernie and the Movement | Jacobin

23 Tuesday Feb 2016

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Source: Bernie and the Movement | Jacobin

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Einstein was right: even on socialism

13 Saturday Feb 2016

Posted by raomk in History, INTERNATIONAL NEWS, Left politics, Opinion, Readers News Service, Uncategorized

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Albert Einstein, Socialism, WHY SOCIALISM?

WHY SOCIALISM?

Albert Einstein

(This Einstein’s text was published in the journal Monthly Review  in 1949)

It is recommended for anyone who is not an expert on economic and social issues to express views on the question of socialism? For a complex of reasons I think so.

Let us first consider the question from the point of view of scientific knowledge. It might seem that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general validity within a limited order of phenomena, so as to make it as understandable as possible connections between these phenomena. In reality, however, methodological differences do exist. The discovery of general laws in the economic field is made difficult by the fact that in the observed economic phenomena are often involved many factors that is very hard to evaluate separately. Furthermore, the experience accumulated from the beginning of the so-called civilized period of human history was, as is known, strongly influenced and limited by causes which are by no means exclusively economic nature. For example, most of the major states owed their existence to conquest policy. The conquering peoples is imposed legally and economically, as the privileged class of the conquered country. They meted the monopoly of land ownership and created a priestly caste members with members of their own class. The priests, having control of education, transformed the division into classes of society into a permanent institution and worked out a system of values ​​by which, since then, the people were driven to a large extent without his knowledge in his social behavior.

But historic tradition is, so to speak, what to yesterday; anywhere in the world we have actually exceeded what Thorstein Veblen called “the predatory phase” of human development. The economic facts that we can observe belong to that stage, and the same laws that we can possibly draw from such facts are not applicable to other phases. Since the real purpose of socialism is precisely to overcome and go beyond the predatory phase of human development, economic science in its present state can throw very little light on the socialist society of the future.

Second, socialism is aimed at an ethical-social order. Science, however, can not establish the purpose, much less inculcate them in human beings; science, at most, can supply the means by which to achieve certain ends. But the ends themselves are conceived by people with lofty ethical ideals; if these ideals are not sterile, but vital and strong, are adopted and carried out by the large part of humanity who, half unconsciously, determine the slow evolution of society.

For these reasons, we should be careful not to overestimate science and scientific methods when it comes to human problems; and we should not admit that experts are the only ones who have the right to decide issues regarding the organization of society.

For some ‘time many voices say that human society is passing through a crisis, that its stability has been gravely shaken. Characteristic of such a situation is the fact that individuals feel indifferent or even hostile to the social group, small or large, to which they belong. To illustrate what I mean, I want to recall here a personal experience.Recently I discussed with an intelligent person and open-minded about the threat of a new war which, in my opinion, would seriously affect the existence of mankind, and I pointed out that only a supranational organization would offer a form of protection from this danger. Then my interlocutor, a very quiet voice and cold, he said: “Because she is so deeply opposed to the disappearance of the human race?”

I am sure that only a century ago no one would have asked a question like this so lightly.It is the affirmation of a man who struggled in vain to reach a balance internal and lost, more or less, the hope of succeeding. It is the expression of a painful solitude and isolation suffered by many in these times. What is the cause? Is there a way out?

It is easy to raise such questions, but difficult to answer them with any degree of security.I must groped, however, as best I can, although I am well aware of the fact that our feelings and our efforts are often contradictory and obscure, and can not be expressed by means of easy and simple formulas.

Man is, at the same time, a solitary being and a social being. As solitary being, he attempts to protect his own existence and that of those who are closest to, to satisfy his personal desires, and to develop their natural qualities. As a social being, he seeks to gain the esteem and affection of his fellow men, to share their joys, to comfort them in their grief, and to improve their living conditions. Only the existence of these different efforts, frequently conflicting, it explains the special character of a man, and their specific combination determines the extent to which an individual can achieve an inner equilibrium and contribute to the welfare of society. It is perfectly possible that the relative strength of these two trends is substantially determined by the legacy. But the personality that finally emerges is largely formed by the environment in which a man finds himself during his development, by the structure of society in which he grows, from the history of that society, and the judgment that it gives the different types of behavior.The abstract concept “society” means to the individual human being the sum total of these direct and indirect relations to his contemporaries and with all men of previous generations. The individual can think, feel, strive, and work by himself; but he depends on the company, in its physical existence, intellectual and emotional, so much so that it is impossible to think of him or understand him, outside the structure of society. It is “society” which provides man with food, clothing, a home, the tools work, language, the forms of thought, and most of the content of thought; his life is made possible by the work and the accomplishments of the many millions of people of the past and present that are hidden behind the small word “society.”

It is evident, therefore, that the dependence of the individual by society is a fact of nature which can not be abolished, just as in the case of bees or ants. However, while the whole life process of ants and bees is fixed down to the smallest detail by rigid hereditary instincts, the social pattern and interrelationships of human beings are very variable and susceptible to change. The memory, the ability to make new combinations, the gift of oral communication have made possible developments among human beings not dictated by biological necessities. Such developments manifest themselves in traditions, institutions, and organizations, in literature, scientific and technical discoveries, in works of art. This explains how it happens that, in a certain sense, man can, through behavior, influencing their lives, and that in this process can have a function the thought and the will conscious.

Man receives hereditarily, at birth, a biological constitution which we must consider fixed and unalterable, and that includes the natural requirements that are characteristic of the human species. In addition, over a lifetime, he acquires a cultural constitution which he is by the company through direct communication and through many other types of influences. It is this cultural constitution to be, over time, subject to changes and determine to a large extent the relationship between the individual and society. Modern anthropology has taught us, through comparative study of so-called primitive cultures, that the social behavior of human beings may be very different, depending upon prevailing cultural patterns and the types of organization which predominate in society.It is on this that those who are fighting to improve the lot of man may base their hopes: human beings are not condemned, because of their biological constitution, to destroy each other or to be at the hands of own hands, at the mercy of a cruel fate.

If we ask in what way the structure of society and the cultural attitude of man should be changed in order to make human life as satisfying as possible, we should be aware that there are certain conditions that we can not change. As we mentioned before, the biological nature of man is not likely to change for all practical purposes. Furthermore, technological and demographic developments of the last few centuries have created conditions intended to last. In relatively dense stable populations, with the goods that are essential to the continuation of their existence, they are absolutely necessary an extreme division of labor and a highly centralized productive apparatus. It’s been forever the time, which in turn back seems so idyllic, in which individuals or relatively small groups could be completely self-sufficient. It is no exaggeration saying that already much of humanity today is a planetary community of production and consumption.

Having reached this stage in the speech I can indicate briefly what to me constitutes the essence of the crisis of our time. It is the individual’s relationship with society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive thing, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to its existence. Moreover, his position in society is such that the egotistical impulses of his character are constantly being accentuated, while his social impulses, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unconsciously prisoners of their egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only devoting himself to society.

The economic anarchy of capitalist society as it exists today, is in my opinion the true source of evil. We see before us a huge community of producers, whose members strive ceaselessly to undress each other of the fruits of their collective labor, not by force, but all in all complicit in compliance with rules established in a legal form. In this sense it is important to realize that the means of production, that is to say the entire production capacity required to produce both the consumer goods that the additional capital goods, may be with full legal chrism, and for the most part they are, private property of individuals.

For simplicity, in the discussion that follows I will indicate with the word “workers” all those who do not participate in the ownership of the means of production, even if it does not fully correspond to the use of the term normal. The owner of the means of production is in a position to purchase the labor-power of the worker’s job. Using the means of production, the worker produces new goods which become the property of the capitalist. The essential point of this process is the relation between what the worker produces and what he is paid, both measured quantities in terms of real value. As long as the labor contract is “free,” what the worker receives is determined not by the real value of the goods he produces, but its survival needs and the demand for labor power by the capitalist, compared to the number of workers they are competing for jobs. It is important to understand that even in theory the worker’s wage is not determined by the value of his product.

Private capital tends to be concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger complex production
to the lower expenses. The result of these developments is an oligarchy of private capital the enormous power which can not be effectively checked even by a democratically organized political society. The truth of this is determined by the fact that members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purpose, separate the electorate from the legislature. The consequence is that the representatives of the people do not protect, in fact, sufficiently the interests of the underprivileged sections of the population. Moreover, under present conditions, private capitalists inevitably control, directly or indirectly, the main sources of information: press, radio, education. It is thus extremely difficult, and indeed in most cases quite impossible, that citizens are received at the objective conclusions and make intelligent use of their political rights.

The prevailing situation in an economy based on private ownership of capital is thus characterized by two main principles: first, means of production (capital) are privately owned and the owners will have to their liking; second, the labor contract is free. Of course it does not exist, as such, a pure capitalist society in this sense. In particular, it should be noted that the workers, through long and bitter struggles, have succeeded in securing a form in a way improved the “free labor contract” for certain categories.However, it is taken as a whole the economy of our times does not differ much from pure capitalism.

It produces for profit, not for use. There is no measure by which all those who can and want to work will always have a chance; there is almost always an “army of unemployed”.The worker always has the fear of losing their jobs. Since unemployed and poorly paid workers do not represent for consumer goods a profitable market, the production of these goods it is limited, resulting in serious damage. Technological progress frequently resolves in a worsening of unemployment rather than in an easing of the amount of work for everyone. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and deployment of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and those distortions of social consciousness in individuals, which I mentioned before.

These distortions in the individual, in my opinion are the worst defect of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, getting used to worship the
success as a preparation for his future career.

I am convinced that there is only one way to eliminate these grave evils, namely the creation of joint socialist economy to an education system that is oriented toward social goals. In such an economy the means of production are owned by society itself and are used according to a planned schedule. A planned economy, which balances the production and the needs of the community, would distribute the work among all able to work and would guarantee a livelihood to every man, woman and child. The education of the individual, in addition to encouraging his innate abilities, we propose to develop in him a sense of responsibility towards his fellow man instead of the glorification of power and success, as happens in our current society.

It must, however, remember that a planned economy is not yet socialism. Such a planned economy could be supported by the complete enslavement of the individual.The achievement of socialism requires the solution of some extremely complex social and political problems: how is it possible, in view of a far-reaching centralization of political and economic power, to prevent bureaucracy to become all-powerful and overbearing? How the individual’s rights can be protected, ensuring a democratic counterweight to the power of the bureaucracy?

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Meet Trupti Desai, the woman who wanted to storm a Shani temple in a helicopter

30 Saturday Jan 2016

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The young activist from Maharashtra had an audacious plan to enter a shrine that barred female worshippers.

Source: Meet Trupti Desai, the woman who wanted to storm a Shani temple in a helicopter

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Meet Trupti Desai, the woman who wanted to storm a Shani temple in a helicopter

30 Saturday Jan 2016

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The young activist from Maharashtra had an audacious plan to enter a shrine that barred female worshippers.

Source: Meet Trupti Desai, the woman who wanted to storm a Shani temple in a helicopter

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BJP’s Indira-like Tactics of Using Article 356 Will No Longer Work | The Wire

30 Saturday Jan 2016

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The non-Congress opposition has developed a distrust of the Narendra Modi-Amit Shah combine

Source: BJP’s Indira-like Tactics of Using Article 356 Will No Longer Work | The Wire

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An old-fashioned red scare? Sanders, socialism, and the Democrats’ anti-communism » peoplesworld

25 Monday Jan 2016

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Source: An old-fashioned red scare? Sanders, socialism, and the Democrats’ anti-communism » peoplesworld

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Academics protest Rohith Vemula’s death

21 Thursday Jan 2016

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Ambedkar Students Association (ASA), Central University of Hyderabad, Rohith Vemula

JANUARY 21, 2016

Statement by concerned scholars

The suicide of Rohith Vemula is now the subject of a ridiculous inquiry to be conducted by a Committee set up by Union HRD Minister Smriti Irani. The real reason and the politics behind it are clear to those who are willing to open their eyes. As academics, we are concerned that such a situation should prevail in Universities, and wish to register our protest.

Muzaffarnagar Baaqi Hai was to be screened at the University of Hyderabad. The action was planned by the Ambedkar Students’ Association. The Akhil Bharatiya Vidyarthi Parishad, student goons of the RSS, used force to try and halt this. Dalit students were subjected to verbal abuse as well as physical force. As a result of agitations the ABVP had to apologise in writing. This was what caused such tremendous heartburns to the Hindutva forces. While the screening of Muzaffarnagar Baaqi Hai has taken place in various parts of the country, and has also given rise to conflicts in various parts of the country, it is in UoH alone that the consequences turned so aggressive with full participation of the top echelons of the University. The new Vice Chancellor, Appa Rao Podile, had five PhD students suspended. They were subjected to social ostracism as well. Thrown out of hostel, debarred from entering library, administrative spaces, they were hounded in a way that no administration has hounded any upper caste student in our memory. It is also reported that an MHRD letter designated them anti-national for opposing the hanging of Yakub Memon. The MHRD, today  proclaiming autonomy of Universities, was goading UoH through several letters to take action against the ASA. Rohith had even written a letter to the Vice Chancellor a couple of weeks ago, where he suggested the University provide means of committing suicide to Dalit students. Even after this the authorities did nothing. And after the suicide, the police acted in a brutal and shameless manner, grabbing the body of Rohith and disposing of it in secrecy instead of handing it over to his relatives. 

As a result, we need to conclude the following:

         That while other conflicts, such as over communalism, over a host of issues, do remain important, when they are fought with Dalits at one end, the attitude of government and authorities becomes far more aggressive.

         That there is a generalised hostility to Dalits, and a great insensitivity to the burdens they carry, which is why the Hindutva offensive against the ASA could proceed so far with so little protest from across the country.

This should once again force us to open our eyes, as incidents repeatedly, whether the suicide of Chuni Kotal in 1992, or the death of Balmukund Bharti, again by suicide, or so many other cases should have, that while formally the Constitution of India declares the end of casteism, in reality Brahmanism is rampant, and Dalits today have to fight the same battle as Shambuk or Ekalavya. If we are really sincere in desiring democracy and substantive equality, we must stand up and be counted in the struggle against casteism.

We demand:

●Removal of Smriti Irani as the Minister in charge of a Department that  wrote repeated letters to UoH demanding punishment of so-called anti-national students.

●Removal of the Vice Chancellor and his punishment for casteism, and for abetting suicide.

●Action against all those using casteist abuse on social media against the ASA.        


Signatories:

  1. Sumit Sarkar
  2. Tanika Sarkar
  3. Achin Vanaik
  4. Kunal Chattopadhyay, Jadavpur University
  5. Soma Marik, RKSM Vivekananda Vidyabhavan, West Bengal State University
  6. Abhijit Kundu, Sri Venkateswara College, Delhi University
  7. Maroona Murmu, Jadavpur University
  8. Kalyan Das, Presidency University
  9. Anuradha Roy, Jadavpur University
  10. Samantak Das, Jadavpur University
  11. Abhijit Gupta, Jadavpur University
  12. Sudeshna Banerjee, Jadavpur University,
  13. Suchetana Chattopadhyay, Jadavpur University
  14. Samir Karmakar, Jadavpur University
  15. Nilanjana Gupta, Jadavpur University
  16. Sanjoy Kumar Saha, Jadavpur University
  17. Nupur Dasgupta, Jadavpur University
  18. Sujata  Tarafdar, Jadavpur University,
  19. Nandini Saha, Jadavpur University
  20. Mahitosh Mandal, Presidency University
  21. Debajit Dutta, Jadavpur University
  22. Ritajyoti Bandyopadhyay, Centre for Studies in Social Sciences, Calcutta
  23. Sujit Kumar Mandal, Jadavpur University
  24. Keshab Bhattacharya, Jadavpur University
  25. Rochana Das, Jadavpur University
  26. Gautam Gupta, Jadavpur University
  27. Mahidas Bhattacharya, Jadavpur University
  28. Abhijit Roy, Jadavpur University
  29. Partha Pratim Ray, Jadavpur University
  30. Epsita Halder, Jadavpur University
  31. Proyash Sarkar, Jadavpur University
  32. Atreyi Dasgupta, Postdoctoral Research Fellow, Center for Hematology and Oncology, Baylor College of Medicine, USA
  33. Chandak Sengoopta, Birbeck College, University of London
  34. Tithi Bhattacharya, University of Purdue
  35. Bill Mullen, University of Purdue
  36. Abha Dev Habib, Miranda House, Delhi University
  37. Neshat Qaiser, Jamia Milia Islamia University
  38. Rina Ramdev, Sri Venkateswara College, Delhi University
  39. Surajit Mukhopadhyay, WBNUJS
  40. Gaurang Sahay, TISS, Mumbai
  41. Padma Velaskar, TISS, Mumbai
  42. Monami Basu, Delhi University
  43. Mrityunjay Yadavendu, Delhi University
  44. Naveen Gaur, Dyal Singh College, Delhi University
  45. Nandita Narain, St. Stephens College, Delhi University.
  46. Pradip Basu, Presidency University
  47. Saikat Sinha Roy, Jadavpur University
  48. Anindya Sengupta, Jadavpur University
  49. Partha Sarathi Bhaumik, Jadavpur University
  50. Rimi B. Chatterjee, Jadavpur University
  51.  Shashi Sekhar Singh, Satyavati College, Delhi University
  52.  Mihir Pandey, Ramjas College, Delhi University
  53. Radrashish Chakraborty, KMC, Delhi University
  54. Roopa Dhawan, Ramjas College, Delhi University
  55. Chitra Joshi, IP College, Delhi University
  56. Debaditya Bhattacharya, Nivedita College, University of Calcutta
  57. Indrani Talukdar, BITS Pilani, Goa
  58. Vinita Chandra, Ramjas College, Delhi University
  59.  Nandini Chandra, Delhi University
  60. Mithuraaj Dhusiya,  Delhi University
  61. Sibaji Bandyopadhyay, formerly in CSSSC
  62. Samarpita Mitra, Jadavpur University
  63. Tilottama Mukherjee,  Jadavpur University
  64. Arabinda Samanta, Burdwan University
  65. Niladri R. Chatterjee, Kalyani University
  66. Priyanka Bhattacharya, Doon School
  67. Sreejith Kalandy, Mangalkote Government General Degree College
  68. Pranav Jani, Ohio State University, USA
  69. Paramita Bhattacharjee Chakraborti, Jadavpur University
  70. Partha Pratim Basu, Jadavpur University
  71. Rina Ghosh, Jadavpur University

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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2015

15 Friday Jan 2016

Posted by raomk in Current Affairs, Economics, employees, INDIA, NATIONAL NEWS, Pensioners, Prices, Uncategorized

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All India Consumer Price Indices, Inflation, Wholesale Price Index

 

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of December, 2015 declined by 0.1 percent to 177.4 (provisional) from 177.6 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -0.73% (provisional) for the month of December, 2015 (over December, 2014) as compared to -1.99% (provisional) for the previous month and -0.50% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.74% compared to a build up rate of -0.89% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 0.5 percent to 257.8 (provisional) from 256.5 (provisional).  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 0.6 percent to 272.7 (provisional) from 271.0 (provisional) for the previous month due to higher price of poultry chicken (18%), fish-inland (10%), beef & buffalo meat (9%), pork and bajra (4% each),      egg, tea, fish-marine and condiments & spices (3% each), jowar, urad and barley (2% each) and maize, arhar and wheat (1 % each).  However, the price of moong (7%), masur (5%), fruits & vegetables (2%) and mutton (1%) declined.

The index for ‘Non-Food Articles’ group rose by 1.0 percent to 223.9 (provisional) from 221.7 (provisional) for the previous month due to higher price of mesta and flowers (12% each), raw jute and linseed (5% each), groundnut seed and raw wool (4% each), niger seed (3%), fodder and raw cotton (2% each) and rape & mustard seed and sunflower (1% each).  However, the price of guar seed (11%), castor seed and raw rubber (7% each), soyabean and gingelly seed (3% each), coir fibre (2%) and copra (coconut) and cotton seed (1% each) declined.

The index for  ‘Minerals’ group declined by 2.4 percent to  212.3 (provisional) from 217.6  (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and manganese ore (1%).  However, the price of      sillimanite and copper ore (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 0.6 percent to 176.8 (provisional) from 177.9 (provisional) for the previous month due to lower prices of furnace oil (10%), bitumen (3%) and petrol and aviation turbine fuel (1% each).  However, the price of LPG (1%) moved up.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 152.6 (provisional) from 153.0 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Food Products’ group rose by 0.3 percent to 175.4 (provisional) from 174.9 (provisional) for the previous month due to higher price of tea dust (unblended) (7%), gram powder (besan) (6%), cotton seed oil and canned fish (4% each) and soyabean oil, mixed spices, processed prawn, mustard & rapeseed oil, sugar, wheat flour (atta), groundnut oil,     palm oil, maida, sugar confectionary, gola (cattle feed) and bakery products (1% each).  However, the price of powder milk (5%), tea leaf (blended) and gur (3% each), sooji (rawa), oil cakes and sunflower oil (2% each) and gingelly oil, tea leaf (unblended), copra oil and khandsari (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.4 percent to 205.2 (provisional) from 206.0 (provisional) for the previous month due to lower price of bidi (2%).  However, the price of zarda (4%) and dried tobacco    (1%) moved up.

The index for ‘Textiles’ group declined by 0.1 percent to 139.7 (provisional) from 139.8 (provisional) for the previous month due to lower price of man made fabric and cotton yarn (1% each).  However, the price of jute sacking cloth, jute yarn and gunny and hessian cloth (2% each) and tyre cord fabric, jute sacking bag and cotton fabric (1% each) moved up.

The index for ‘Wood & Wood Products’ group declined by 0.7 percent to 196.4 (provisional) from 197.7 (provisional) for the previous month due to lower price of processed wood (1%).

The index for ‘Paper & Paper Products’ group rose by 0.2 percent to 154.9 (provisional) from 154.6 (provisional) for the previous month due to higher price of paper cartons / boxes (2%) and books/ periodicals/ journals and newsprint (1% each). However, the price of corrugated sheet boxes (1%) declined.

The index for ‘Leather & Leather Products’ group rose by 0.4 percent to 144.4 (provisional) from 143.8 (provisional) for the previous month due to higher price of leather garments & jackets (2%).

The index for ‘Rubber & Plastic Products’ group declined by 0.3 percent to 145.8 (provisional) from 146.3 (provisional) for the previous month due to lower price of plastic products (1%).

The index for ‘Chemicals & Chemical Products’ group declined by 0.5 percent to 149.9 (provisional) from 150.6 (provisional) for the previous month due to lower price of antibiotics (3%), hair / body oils and non-cyclic compound (2% each) and pesticides, polymers, urea, rubber chemicals, photographic goods and explosives (1% each).  However, the price of synthetic resin (2%) and pigment & pigment intermediates and safety matches/ match box (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group rose by 0.3 percent to 177.5 (provisional) from 176.9 (provisional) for the previous month due to higher price of polished granite (2%) and bricks & tiles (1%).  However, the price of marbles      (3%) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.2 percent to 150.3 (provisional) from 152.2 (provisional) for the previous month due to lower price of pig iron, angles, plates and melting scrap (4% each), HRC,     pencil  ingots and CRC (3% each), joist & beams, gp/gc sheets, billets, rounds, ferro silicon and steel: pipes & tubes (2% each) and sponge iron, rebars, wire rods, steel rods, copper / copper ingots and steel castings (1% each).  However, the price of zinc (5%) and sheets, ferro chrome and ferro manganese (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 138.0 (provisional) from 137.9 (provisional) for the previous month due to higher price of auto rickshaw / tempo/matador (3%).

FINAL INDEX FOR THE MONTH OF OCTOBER, 2015 (BASE YEAR: 2004-05=100)

For the month of October, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.9 as compared to 176.7 (provisional) and annual rate of inflation based on final index stood at -3.70 percent as compared to     -3.81 percent (provisional) respectively as reported on 16.11.2015.

Next date of press release: 15/02/2016 for the month of January, 2015

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

This press release is available at our home page http://eaindustry.nic.in

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)

 

Month of December, 2015
Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec- 2015 Latest month over month Build up from March Year on year
2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
ALL COMMODITIES 100.00000 177.4 -1.38 -0.11 -0.89 0.74 -0.50 -0.73
PRIMARY ARTICLES 20.11815 257.8 -2.55 0.51 2.09 7.87 0.29 5.48
Food Articles 14.33709 272.7 -2.14 0.63 7.46 9.39 4.95 8.17
Cereals 3.37323 237.1 -0.72 0.42 0.95 2.60 1.35 1.63
Rice 1.79348 237.3 -2.08 -0.08 3.53 1.58 4.43 -1.25
Wheat 1.11595 222.7 1.32 0.54 -1.56 3.34 -2.36 3.73
Pulses 0.71662 378.2 1.04 -0.58 6.72 46.70 5.93 55.64
Vegetables 1.73553 318.4 -9.55 -4.41 33.11 46.86 -6.41 20.56
Potato 0.20150 174.8 -36.95 -11.45 39.62 15.61 0.52 -34.99
Onion 0.17794 435.4 -1.20 -18.48 41.87 30.95 -19.70 25.98
Fruits 2.10717 237.1 -3.13 -0.04 8.63 -2.75 17.77 0.76
Milk 3.23818 250.9 -0.16 0.04 7.13 1.46 9.41 1.78
Egg, Meat & Fish 2.41384 296.6 -1.16 6.19 -0.11 2.24 1.15 5.03
Non-Food Articles 4.25756 223.9 -0.29 0.99 -4.50 10.51 -3.62 7.70
Fibres 0.87737 208.0 0.30 2.51 -14.80 7.55 -13.86 2.36
Oil Seeds 1.78051 217.9 -0.98 0.05 -2.56 6.60 -0.88 8.03
Minerals 1.52350 212.3 -10.43 -2.44 -20.69 -12.74 -22.73 -22.52
FUEL & POWER 14.91021 176.8 -2.75 -0.62 -9.15 -5.96 -7.82 -9.15
Liquefied petroleum gas 0.91468 162.9 -2.05 1.37 -5.43 0.12 -3.19 -2.51
Petrol 1.09015 157.3 -2.57 -1.07 -14.86 -4.72 -11.96 -7.90
High speed diesel 4.67020 181.7 -3.35 0.17 -8.82 -10.58 -6.31 -13.80
MANUFACTURED PRODUCTS 64.97164 152.6 -0.32 -0.26 0.32 -0.84 1.44 -1.36
Food Products 9.97396 175.4 -0.75 0.29 1.71 3.12 1.30 1.98
Sugar 1.73731 169.8 -2.06 1.13 0.93 -2.69 -1.33 -8.27
Edible Oils 3.04293 151.5 -0.49 0.80 -2.25 4.63 -3.44 5.80
Beverages, Tobacco & Tobacco Product 1.76247 205.2 0.05 -0.39 3.22 0.98 8.37 1.58
Cotton Textiles 2.60526 155.5 -0.75 -0.06 -3.52 -1.40 0.00 -2.26
Man Made Textiles 2.20573 130.2 -0.96 -0.46 -0.15 -1.81 0.90 -3.41
Wood & Wood Products 0.58744 196.4 0.91 -0.66 0.91 3.53 5.29 3.86
Paper & Paper Products 2.03350 154.9 0.00 0.19 2.37 1.31 4.14 2.51
Leather & Leather Products 0.83509 144.4 -1.23 0.42 -1.16 1.48 -0.55 0.07
Rubber & Plastic Products 2.98697 145.8 -0.53 -0.34 -0.33 -1.69 0.88 -2.41
Chemicals & Chemical Products 12.01770 149.9 -0.52 -0.46 -0.13 -0.66 1.67 -1.64
Non-Metallic Mineral Products 2.55597 177.5 -0.91 0.34 3.64 -0.67 4.26 2.25
Cement & Lime 1.38646 173.6 -0.99 -0.06 3.11 -2.31 2.73 2.60
Basic Metals Alloys & Metal Product 10.74785 150.3 -0.24 -1.25 -1.73 -7.16 -0.24 -8.74
Iron & Semis 1.56301 131.8 -2.04 -2.73 -3.52 -11.48 0.13 -14.02
Machinery & Machine Tools 8.93148 134.9 -0.07 0.00 1.05 -0.07 1.51 0.22
Transport Equipment & Parts 5.21282 138.0 0.07 0.07 0.15 0.51 0.07 1.47

 

 

 

 

 

 

Annexure-II

 
Trend of Rate of Inflation for some important items during last six months
 
Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months
Dec-15 Nov-15 Oct-15 Sept-15 August-15 July-15
ALL COMMODITIES 100.00 -0.73 -1.99 -3.70 -4.59 -5.06 -4.00
PRIMARY ARTICLES 20.12 5.48 2.27 0.04 -2.29 -4.21 -3.98
Food Articles 14.34 8.17 5.20 3.33 0.84 -1.02 -1.20
Cereals 3.37 1.63 0.47 -0.13 -1.02 -1.98 -1.66
Rice 1.79 -1.25 -3.22 -3.40 -3.76 -3.89 -2.86
Wheat 1.12 3.73 4.53 4.58 3.29 2.09 1.96
Pulses 0.72 55.64 58.17 53.06 38.94 36.49 36.18
Vegetables 1.74 20.56 14.08 3.17 -8.60 -20.03 -24.43
Potato 0.20 -34.99 -53.72 -58.10 -57.98 -51.76 -48.87
Onion 0.18 25.98 52.69 89.52 120.69 74.44 -0.49
Fruits 2.11 0.76 -2.35 -4.46 -5.15 -1.42 -4.52
Milk 3.24 1.78 1.58 1.75 2.16 2.08 5.30
Egg, Meat & Fish 2.41 5.03 -2.24 0.46 2.02 3.30 2.52
Non-Food Articles 4.26 7.70 6.33 5.10 2.70 -0.46 -0.51
Fibres 0.88 2.36 0.15 -2.20 -6.86 -9.09 -10.88
Oil Seeds 1.78 8.03 6.92 6.66 2.50 -2.20 -0.23
Minerals 1.52 -22.52 -28.87 -33.64 -34.27 -34.35 -29.83
FUEL & POWER 14.91 -9.15 -11.09 -16.32 -17.71 -16.21 -11.56
Liquefied petroleum gas 0.91 -2.51 -5.80 -5.83 -5.45 -5.32 -4.90
Petrol 1.09 -7.90 -9.30 -13.16 -14.78 -13.82 -11.14
High speed diesel 4.67 -13.80 -16.83 -26.21 -28.10 -25.37 -15.91
MANUFACTURED PRODUCTS 64.97 -1.36 -1.42 -1.67 -1.73 -1.99 -1.54
Food Products 9.97 1.98 0.92 0.46 -0.69 -2.11 -1.94
Sugar 1.74 -8.27 -11.16 -13.08 -16.45 -18.44 -17.63
Edible Oils 3.04 5.80 4.45 4.74 3.35 1.17 1.37
Beverages, Tobacco & Tobacco Product 1.76 1.58 2.03 2.29 2.13 2.13 3.15
Cotton Textiles 2.61 -2.26 -2.93 -4.00 -4.52 -5.02 -5.29
Man Made Textiles 2.21 -3.41 -3.89 -5.09 -4.91 -3.49 -2.63
Wood & Wood Products 0.59 3.86 5.50 4.81 3.91 4.36 6.14
Paper & Paper Products 2.03 2.51 2.32 2.31 2.72 3.00 2.67
Leather & Leather Products 0.84 0.07 -1.57 -1.37 -0.95 -0.75 -1.89
Rubber & Plastic Products 2.99 -2.41 -2.60 -2.78 -2.71 -1.85 -0.93
Chemicals & Chemical Products 12.02 -1.64 -1.70 -1.83 -1.89 -1.88 -1.69
Non-Metallic Mineral Products 2.56 2.25 0.97 0.45 1.26 2.75 3.48
Cement & Lime 1.39 2.60 1.64 -0.12 1.04 2.51 2.47
Basic Metals Alloys & Metal Product 10.75 -8.74 -7.81 -7.50 -6.74 -7.50 -6.28
Iron & Semis 1.56 -14.02 -13.42 -12.96 -10.90 -12.31 -10.64
Machinery & Machine Tools 8.93 0.22 0.15 0.00 0.07 0.30 0.30
Transport Equipment & Parts 5.21 1.47 1.47 1.32 1.25 1.10 1.25

 

 

RC/nb

 

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Meet the 24-year-old who is taking on a fairness cream giant for ‘misleading advertising’

13 Wednesday Jan 2016

Posted by raomk in Uncategorized

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Paras Jain, a Delhi resident, has been fighting a long battle against Emami.

Source: Meet the 24-year-old who is taking on a fairness cream giant for ‘misleading advertising’

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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of November, 2015

13 Wednesday Jan 2016

Posted by raomk in Current Affairs, Economics, INDIA, NATIONAL NEWS, Uncategorized

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India growth rates, India Index of Industrial Production

(Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee, Ministry of Steel; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar & Vegetable Oils; Department of Fertilizers; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

  1. The General Index for the month of November 2015 stands at 166.6, which is 3.2 percent lower as compared to the level in the month of November 2014. The cumulative growth for the period April-November 2015 over the corresponding period of the previous year stands at 3.9 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2015 stand at 131.5, 171.9 and 175.6 respectively, with the corresponding growth rates of 2.3 percent, (-) 4.4 percent and 0.7 percent as compared to November 2014 (Statement I). The cumulative growth in three sectors during April-November 2015 over the corresponding period of 2014 has been 2.1 percent, 3.9 percent and 4.6 percent respectively.
  3. In terms of industries, seventeen (17) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown negative growth during the month of November 2015 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 46.5 percent, followed by (-) 13.8 percent in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products’ and (-) 13.1 percent in ‘Wood and products of wood & cork except furniture; articles of straw & plating materials’. On the other hand, the industry group ‘Furniture; manufacturing n.e.c.’ has shown the highest positive growth of 102.1 percent, followed by 11.1 percent in ‘Office, accounting & computing machinery’ and 9.7 percent in ‘Radio, TV and communication equipment & apparatus’.
  4. As per Use-based classification, the growth rates in November 2015 over November 2014 are (-) 0.7 percent in Basic goods, (-) 24.4 percent in Capital goods and (-) 0.7 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 12.5 percent and (-) 4.7 percent respectively, with the overall growth in Consumer goods being 1.3 percent.
  5. Some important items showing high negative growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’             [(-) 87.1%], ‘Heat Exchangers’ [(-) 68.2%], ‘Polythene Bags including HDPE & LDPE Bags’ [(-) 58.0%], ‘Tractors (complete)’ [(-) 42.3%], ‘Conductor, Aluminium’ [(-) 36.8%], ‘Rice’ [(-) 27.1%] and ‘Three-Wheelers (including passenger & goods carrier)’ [(-) 23.7%].
  6. Some other important items that have registered high positive growth include ‘Gems and Jewellery’ (253.7%), ‘Sugar Machinery’ (78.0%), ‘Lubricating oil’ (66.5%), ‘Wood Furniture’ (46.9%), ‘PVC Pipes and Tubes’ (31.4%), ‘Transformers (small)’ (30.2%), ‘Polypropylene (including co-polymer)’ (30.1%) and ‘Sugar’ (25.7%).
  7. However, growth rates in respect of individual items may not reflect their actual contribution in the overall growth rate of IIP. Taking into account the weights of different items, the overall growth rate of IIP can be decomposed into positive and negative contributions of different items. Such contributions of top five items with positive contribution and top five items with negative contribution are given below:
Item Group Weights (%) Contribution to overall growth (%)
High Negative Contributors
Cable, Rubber Insulated 0.12 -2.2734
Conductor, Aluminium 0.20 -0.4065
Passenger Cars 1.97 -0.3052
Stainless/ alloy steel 0.64 -0.3013
H R Coils/Skelp 1.30 -0.2379
High Positive Contributors
Gems And Jewellery 1.77 1.4615
sugar(including sugar cubes) 1.52 0.3358
Mineral index 14.16 0.2386
Telephone Instruments Including Mobile Phone And Accessories 0.22 0.1922
Pipes 0.07 0.1136
  1. Along with the Quick Estimates of IIP for the month of November 2015, the indices for October 2015 have undergone the first revision and those for August 2015 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of October 2015 may undergo final (second) revision along with the release of IIP for the month of January 2016.
  2. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of November 2015, along with the growth rates over the corresponding month of the previous year including the cumulative indices and growth rates are enclosed.

 

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base : 2004-05=100)
Month Mining Manufacturing Electricity General
(141.57) (755.27) (103.16) (1000.00)
2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
Apr 122.6 121.9 181.4 188.5 178.1 177.2 172.7 177.9
May 125.3 127.9 183.5 187.3 183.9 195.0 175.3 179.7
Jun 122.1 121.6 180.1 189.5 181.6 183.7 172.0 179.3
Jul 116.2 117.7 182.2 190.9 183.8 190.3 173.0 180.5
Aug 115.0 120.2 173.4 184.8 184.1 194.4 166.2 176.6
Sep 115.3 118.8 181.9 187.2 175.6 195.7 171.8 178.4
Oct 124.2 130.6 170.0 188.1 184.9 201.6 165.1 181.4
Nov* 128.6 131.5 179.9 171.9 174.3 175.6 172.1 166.6
Dec 133.6 196.8 177.6 185.9
Jan 136.7 200.7 176.7 189.2
Feb 129.6 192.7 166.0 181.0
Mar 149.0 210.3 176.4 198.1
Average
Apr-Nov 121.2 123.8 179.1 186.0 180.8 189.2 171.0 177.6
Growth over the corresponding period of previous year
Nov 4.0 2.3 4.7 -4.4 10.0 0.7 5.2 -3.2
Apr-Nov 2.5 2.1 1.5 3.9 10.7 4.6 2.5 3.9
* Indices for Nov 2015 are Quick Estimates.
NOTE : Indices for the months of Aug’15 and Oct’15 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2004-05=100)
Industry Description Weight       Index           Cumulative Index   Percentage growth
code     Nov’14 Nov’15 Apr-Nov Nov’15 Apr-Nov
          2014-15 2015-16   2015-16
15 Food products and beverages 72.76 157.2 154.8 147.9 139.7 -1.5 -5.5
16 Tobacco products 15.70 101.1 100.8 106.1 103.2 -0.3 -2.7
17 Textiles 61.64 149.8 146.9 150.5 154.0 -1.9 2.3
18 Wearing apparel; dressing and dyeing of fur 27.82 167.9 164.1 163.8 180.2 -2.3 10.0
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 148.8 128.2 144.5 147.1 -13.8 1.8
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 150.4 130.7 145.1 153.8 -13.1 6.0
21 Paper and paper products 9.99 138.3 146.9 141.9 146.3 6.2 3.1
22 Publishing, printing & reproduction of recorded media 10.78 174.1 154.8 176.0 161.0 -11.1 -8.5
23 Coke, refined petroleum products & nuclear fuel 67.15 149.5 157.5 141.4 148.3 5.4 4.9
24 Chemicals and chemical products 100.59 139.4 138.3 136.2 143.3 -0.8 5.2
25 Rubber and plastics products 20.25 181.4 176.0 185.4 187.5 -3.0 1.1
26 Other non-metallic mineral products 43.14 156.9 150.6 166.3 164.4 -4.0 -1.1
27 Basic metals 113.35 226.0 212.2 217.6 223.6 -6.1 2.8
28 Fabricated metal products, except machinery & equipment 30.85 180.7 168.4 172.5 175.3 -6.8 1.6
29 Machinery and equipment n.e.c. 37.63 198.4 182.5 210.0 216.3 -8.0 3.0
30 Office, accounting & computing machinery 3.05 57.0 63.3 64.3 60.9 11.1 -5.3
31 Electrical machinery & apparatus n.e.c. 19.80 477.3 255.3 491.1 526.8 -46.5 7.3
32 Radio, TV and communication equipment & apparatus 9.89 272.5 298.9 377.4 355.7 9.7 -5.7
33 Medical, precision & optical instruments, watches and clocks 5.67 109.2 98.2 104.5 96.8 -10.1 -7.4
34 Motor vehicles, trailers & semi-trailers 40.64 234.7 219.7 220.8 236.5 -6.4 7.1
35 Other transport equipment 18.25 275.6 249.0 267.2 267.7 -9.7 0.2
36 Furniture; manufacturing n.e.c. 29.97 85.4 172.6 106.2 173.7 102.1 63.6
10 Mining & Quarrying 141.57 128.6 131.5 121.2 123.8 2.3 2.1
15-36 Manufacturing 755.27 179.9 171.9 179.1 186.0 -4.4 3.9
40 Electricity 103.16 174.3 175.6 180.8 189.2 0.7 4.6
General Index 1000 172.1 166.6 171.0 177.6 -3.2 3.9
n.e.c.: Not Elsewhere Classified
*Industry codes are as per National Industrial Classification 2004

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base : 2004-05=100)
  Basic goods Capital goods Intermediate goods Consumer goods Consumer durables Consumer non-durables
Month (456.82) (88.25) (156.86) (298.08) (84.60) (213.47)
  2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
Apr 163.0 167.3 235.0 248.0 149.7 153.2 181.5 186.5 255.4 258.7 152.2 157.9
May 167.1 177.4 228.0 234.9 155.5 157.4 182.7 178.7 262.7 252.4 151.0 149.5
Jun 163.5 171.9 270.7 265.4 151.2 153.1 166.9 179.0 211.9 246.1 149.0 152.4
Jul 162.8 171.6 263.2 289.9 155.4 158.5 171.3 173.2 220.9 244.2 151.7 145.1
Aug 164.0 170.0 220.6 267.5 151.9 156.2 161.1 170.8 218.8 256.0 138.3 137.0
Sep 161.3 168.1 260.9 287.7 151.3 154.5 172.4 174.5 241.5 261.9 145.0 139.9
Oct 167.9 175.0 239.2 278.3 145.5 154.8 149.0 176.4 191.8 272.9 132.0 138.2
Nov* 168.2 167.0 252.1 190.7 151.4 150.3 165.1 167.2 201.6 226.9 150.6 143.5
Dec 174.6 269.7 159.0 192.4 208.0 186.2
Jan 175.4 270.5 158.3 202.3 246.6 184.8
Feb 164.6 254.9 151.8 199.6 251.2 179.2
Mar 180.8 331.5 164.8 202.7 261.9 179.3
Average
Apr-Nov 164.7 171.0 246.2 257.8 151.5 154.8 168.8 175.8 225.6 252.4 146.2 145.4
Growth over the corresponding period of previous year
Nov 9.5 -0.7 7.0 -24.4 4.7 -0.7 -1.6 1.3 -14.5 12.5 7.0 -4.7
Apr-Nov 8.3 3.8 4.9 4.7 1.9 2.2 -5.7 4.1 -15.9 11.9 1.8 -0.5
 
* Indices for Nov 2015 are Quick Estimates.
NOTE : Indices for the months of Aug’15 and Oct’15 incorporate updated production data.

 

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  • ఇరాన్‌పై దాడి – మిత్ర దేశాలపై బెదిరింపులకు దిగిన ట్రంప్‌ !
  • ఇరాన్‌కు చైనా ఆయుధాల నిజానిజాలేమిటి !
  • వహ్వా వహ్వా ! ఎవరైనా ఊహించారా : జిగినీదోస్తు మోడీ, కాషాయ దళాలను ఇరకాటంలో పెట్టిన డోనాల్డ్‌ ట్రంప్‌ !
  • ఇరాన్‌పై అమెరికా దాడి: అసంబద్ద వాదనలు, అడ్డగోలు సమర్ధనలు!

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pscknr's avatarpscknr on కేరళ స్థానిక సంస్థల ఎన్నికల ఫల…
Venugopalrao Nagumothu's avatarVenugopalrao Nagumot… on విత్తనాల ముసాయిదా బిల్లు …
Raj's avatarRaj on న్యూయార్క్‌ మేయర్‌గా సోషలిస్టు…
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