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India plan panel deputy sees inflation at 5-6 pct by Dec

July 15, 2010 By vani Leave a Comment

July 14 (Reuters) – India’s wholesale price inflation will ease to 5 percent to 6 percent by December, deputy chairman of planning commission Montek Singh Ahluwalia told reporters on Wednesday.

While India is on track to grow at 8.5 percent in the fiscal year that ends in March 2011, it is grappling with wholesale price index (WPI) inflation that has hit 10.55 percent in June.

Markets widely expect India’s central bank to raise policy rates by 25 basis points in its scheduled policy review on July 27.

(Reporting by Manoj Kumar; editing by Malini Menon)

Filed Under: International News Tagged With: basis points, deputy chairman, fiscal year, India, July 14, menon, montek singh ahluwalia, pct, planning commission, Price Inflation, reuters, s central, wholesale, wholesale price index, wpi

Moblies, digital cameras to feature in new WPI list

September 10, 2009 By admin Leave a Comment

New Delhi, Sep. 8 (ANI): Moblie phones and digital cameras are among the 300 new items, which would figure in the new Wholesale Price Index (WPI).

Over 30 items would be taken off the new inflation series, which is expected to be out by December. Existing series has many obsolete items. They will not figure in the new series. There will be 25-30 articles which you will not see in the new index we are compiling,” an official said.

Most of the addition would be in the manufacturing products category and the primary items, which consist of food grains and milk, would remain unchanged, the official added.

There could be minor changes in the fuel, power light and lubricant group.

With the addition of new items, data reporting would be more representative and give a better picture of the price situation, he said.

The base year for the new index will be 2004-05 while the WPI is presently calculated on 1993-94 base.

The Department of Industrial Policy and Promotion (DIPP), which brings out the inflation data, has started a trial run of the new index and data is being collected.

In the trail index, data for 1,100 items are being collected, which would be eventually consolidated to about 700 articles, the official said.

In the existing series, the weight of primary articles is 22.02 per cent while manufactured products contribute 63.75 per cent.

The weight of fuel, power, light and lubricants in the index is about 14 per cent. (ANI)

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Social networking sites leak personal information to tracking sites

August 25, 2009 By admin Leave a Comment

Washington, Aug 25 (ANI): Popular social networking websites’ users could be leaking their personal information to tracking sites, warn researchers at Worcester Polytechnic Institute (WPI).

They have found that the practices of many popular social networking sites typically make that personal information available to companies that track Web users’ browsing habits, and allow them to link anonymous browsing habits to specific people.

“When you sign up with a social networking site, you are assigned a unique identifier,” said Craig Wills, professor of computer science at WPI, who conducted the study with an industry colleague.

“This is a string of numbers or characters that points to your profile. We found that when social networking sites pass information to tracking sites about your activities, they often include this unique identifier.

“So now a tracking site not only has a profile of your Web browsing activities, it can link that profile to the personal information you post on the social networking site. Now your browsing profile is not just of somebody, it is of you,” he added.

Like most commercial websites, online social networks use third-party tracking sites, called aggregators, to learn about the browsing habits of their visitors.

Cookies are maintained by a Web browser, and contain information that enable tracking sites to build profiles of the websites visited by a user.

Each time the user visits a new website, the tracking site can review those cookies and serve up ads that might appeal to the user.

With a unique identifier, a tracking site could gain access to a user’s name, physical address, email address, gender, birth date, educational and employment information and much more.

With the “leakage” of this type personal information, there is a significant risk of having one’s identity linked to an inaccurate or misleading browsing profile.

When a computer is used by more than one person, or a person browses for curiosity rather than intent, it leaves room for misinterpretation, he notes.

“Tracking sites don’t have the ability to know if, for example, a site about cancer was visited out of curiosity, or because the user actually has cancer. Profiling is worrisome on its own, but inaccurate profiling could potentially lead to issues with employment, health care coverage, or other areas of our personal lives,” Wills added.

The study was presented in Barcelona at the Workshop on Online Social Networks. (ANI)

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Negative Inflation – Deflation – Negative Inflation in India – Deflation in India – Negative Inflation in India for the first time since 1977 – 1978

June 18, 2009 By admin Leave a Comment

Negative Inflation – Deflation – Negative Inflation in India – Deflation in India – Negative Inflation in India for the first time since 1977 – 1978

Negative inflation or Deflation has been recorded in India for the first time since 1977-78. Inflation for week ended June 6 was at -1.61% in the 12 months to June 6,2009 compared with the previous week’s annual rise of 0.13 percent.

Experts say that this is due to the a high statistical base and effect will keep the WPI inflation in the negative zone for atleast three months.

Experts believe that going forward inflationary risks are already in sight. Oil prices have more than doubled in the last one month and also the fact that primary article prices are not showing any signs of easing. Some economists believe that by end-March 2010 inflation is expected to be between 5.5 percent to 6 percent based on the current trends.

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Sensex Ends 61.52 Pts Up; Nifty Closes On A Flat Note

April 10, 2009 By admin Leave a Comment

The Sensex closed the choppy day on a positive note led by realty, metal, banking and consumer durables stocks.

It belled the day strongly after gaining 133.81 points at 10,876.15 on Thursday. But after few minutes of trading, it fell into the pessimistic zone because of profit booking.

The markets remained volatile allthrough the day.

The inflationary and IIP data was also announced during the noon trades. The benchmark index Sensex hit an intraday high of 10,932.12 and intraday low of 10,655.96.

For the week ended Mar 28, 2009, the countrys benchmark wholesale price index (WPI), inflation fell marginally to 0.26% as against 0.31% during the last ago.

Index for industrial production (IIP) also posted a negative growth of 1.2% during Feb 2009 as against positive growth of 0.4% (revised) during the previous month in spite of stimulus packages declared by the administration.

Secondline stocks maked their closures on a firm note.

BSE Midcap and Smallcap index gained 1.69% and 1.66% respectively.

Amongst the sectoral indices, BSE Realty gained 5.42%, Metal zoomed 3.72% Bankex and Consumer durables grew more than 2% each, while FMCG went down 1.36%.

European stocks gained as chemical makers and insurance companies gained. FTSE 100 gained 11.31 points, or 0.29%, to trade at 3,936.83, CAC 40 went up 8.57 points, or 0.29%, to trade at 2,929.63 and DAX climbed 49.61 points, or 1.14%, to trade at 4,407.53. (4.10 p.m., IST).

Finally, the Sensex closed the day after making a gain of 61.52 points at 10,803.86. The broad-based NSE Nifty fell 0.90 points at 3,342.05 after touching an intraday high of 3,401.15 and an intraday low of 3,307.05.

The top gainers in the 30-share index were Tata Steel (7.71%), Jaiprakash Associates (7.40%), Reliance Energy (5.66%), ICICI Bank (5.62%), DLF (4.83%), and Sterlite Industries (India) (3.15%).

On the other hand, the major losers in the Sensex were Hindustan Unilever (3.26%), Mahindra and Mahindra (3.15%), Wipro (2.80%), Oil and Natural Gas Corporation (2.42%), NTPC (1.30%), and Bharat Heavy Electricals (1.28%).

Filed Under: International News Tagged With: Benchmark Index, Cac 40, Consumer Durables, Energy 5, European Stocks, ftse 100, insurance companies, Mahindra And Mahindra, Midcap, nse, Sectoral Indices, Sensex, share index, Smallcap Index, Sterlite Industries India, stimulus, Tata Steel, Top Gainers, Unilever, wholesale price index, wpi

Pentagon planning to regrow human limbs

March 29, 2009 By admin Leave a Comment

Washington, March 27 (ANI): Scientists at the Pentagon have completed the first phase of their plan to regrow soldiers’ limbs, by turning human skin into the equivalent of a blastema – a mass of undifferentiated cells that can develop into new body parts.

Now, researchers are on to phase two: turning that cellular glop into a square inch of honest-to-goodness muscle tissue.

The Worcester Polytechnic Institute (WPI) just got a one-year, 570,000 dollars grant from Darpa, the Pentagon’s blue-sky research arm, to grow the new tissues.

“The goal is to genuinely replace a muscle that’s lost,” biotechnology professor Raymond Page tells Danger Room. “I appreciate that’s a very aggressive goal,” he added.

According to Page, it’s only one part in a larger, even more ambitious Darpa program, Restorative Injury Repair, which aims to “fully restore the function of complex tissue (muscle, nerves, skin) after traumatic injury on the battlefield.”

Muscles are famous for their ability to regenerate. They’re broken down and rebuilt with every gym workout.

But when too much of a muscle is lost – either from injury or illness – “instead of the regenerative response, you get scarring,” Page said.

He’s hoping to get a different result, by carefully growing fresh muscle, outside the body.

Step one will be trying to get those undifferentiated cells to turn into something like muscle cells. That means making sure the cells have myosin and actin – two proteins that are key to forming the cellular cytoskeleton, and to building muscle filaments.

Then, Page and his team will try to get those cells to form around a scaffolding of tiny threads, made of biomaterial. (ANI)

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Inflation slips to a seven year low of 3.03 percent

March 5, 2009 By admin Leave a Comment

New Delhi, Mar 5 (ANI): The inflation rate dipped further on Thursday due to the falling prices of fuel and food items. It went down to a six-and-a-half-year low of 3.03 percent.

As measured by the wholesale price index (WPI), inflation fell down to 3.03 percent in the week ending February 21 from 3.36 percent a week earlier.

Inflation fell down by 0.33 percentage points from 3.36 percent a week ago.

This is the fifth consecutive week that inflation has fallen.

Economists expect inflation to reach zero by this fiscal.

The prices of petrol, diesel and cooking gas dropped during the week.

While most of the food items became cheaper, items like sugar and ghee turned marginally expensive.

The prices of most of the manufactured products also dropped during the week. (ANI)

Filed Under: Business News Tagged With: diesel, economists, food items, half year, inflation rate, New Delhi, percentage points, week ending february, wholesale, wholesale price index, wpi

Inflation slips to 3.92 per cent

February 19, 2009 By admin Leave a Comment

New Delhi, Feb 19 (ANI): Inflation figures based on the official Wholesale Price Index (WPI) showed a fall to 3.92 per cent for the week ended February 7 from 4.92 percent a week before.

Inflation rates declined primarily due to falling prices of manufactured items.

The WPI for all commodities declined 0.2 percent to 228 (provisional) from 228.4 (provisional) the week before.

During the week, prices of manufactured items such as sugar, imported edible oil and textile items such as cotton yarn got cheaper.

While prices of chemical products, iron, steel and cables dropped, prices of some food items such as pulses, fruit and vegetables and maize continued to increase.

Fuel items too became expensive during the week on account of higher prices of naphtha and furnace oil, which went up by 10 per cent and 5 per cent respectively, despite fall in prices of crude oil.

The fall in the wholesale price index is expected to prompt the Reserve Bank of India to cut key policy rates.n indication on this was made by the RBI Governor D Subbarao in Tokyo on Wednesday. (ANI)

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India plan panel deputy sees inflation at 5-6 pct by Dec

Negative Inflation – Deflation – Negative Inflation in India – Deflation in India – Negative Inflation in India for the first time since 1977 – 1978

Pentagon planning to regrow human limbs

Inflation slips to a seven year low of 3.03 percent

Inflation slips to 3.92 per cent

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