Industrial production growth slows to 4-month low of 0.5%

Industrial production growthNew Delhi: Decline in manufacturing output and lower offtake of consumer durables pulled down industrial production growth to 4-month low of 0.5 percent in July, dashing hopes of recovery.

The factory output, as measured by the Index of Industrial Production (IIP), had grown by 2.6 percent in July, 2013.

IIP for June has been revised upwards to 3.9 percent from the provisional estimates of 3.4 percent released last month, according to data released by the Central Statistics Office.

During the April-July period of the 2014-15 fiscal, IIP has recorded 3.3 percent growth, as against contraction of 0.1 percent in the same period of 2013-14.

August retail inflation eases to 7.8% on cheap veggies, fuel cost

August retail inflation easesNew Delhi: Easing prices of vegetables, cereals and petroleum products brought down retail inflation marginally to 7.8 percent in August.

Consumer Price Index (CPI) based or retail inflation stood at 7.96 percent in July. In August 2013, retail inflation was at 9.52 percent.

However, food inflation during the month under review rose to 9.42 percent over 9.36 percent in July, an official release said on Friday.

The rate of price rise in vegetables stood at 15.15 percent in August as against 16.88 percent in the previous month.

Congress will form Govt. in Haryana for third time: Hooda

Congress will form GovtNew Delhi, Sept 12 : Hours after the Election Commission announced the dates for Haryana Assembly polls; Chief Minister Bhupinder Singh Hooda on Friday expressed confidence and said that the Congress will form the government in the state for the third time.

"We are ready for elections; the Congress will form its Government for the third time in Haryana. The party is fully prepared, and the atmosphere of the state is also our favor as we are getting a lot of support from the people. There has been immense development in past 10 years," he said.

Indirect tax collections up 4.6% in Apr-Aug

Indirect tax collections upNew Delhi: Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.

Indirect tax collections comprising excise, customs and service tax stood at Rs 1,94,492 crore in the first five months of 2014-15 fiscal as against Rs 1,85,881 crore in the corresponding period a year ago, the finance ministry said in a statement.

The growth at 4.6 percent is far less than 25 percent annual increase envisaged in the Budget for the full 2014-15 fiscal.

Excise collection rose marginally 0.5 percent during the quarter to over Rs 61,415 crore.

Sania Mirza meets PM Modi

sania mirza narendra modNew Delhi, Sept 12 : Tennis player and winner of the recent US Open Mixed

'Pregnant' Mila Kunis sells LA pad for million-dollar profit

Mila KunisLondon, September 12 : Mila Kunis has reportedly sold her mansion in the Hollywood Hills region of Lo

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