Monsoon rains in India in the week through to Wednesday were above average for a third straight week, the India Meteorological Department (IMD) said, with floods hitting many districts in the central parts of the country and damaging crops such as soybean and pulses.

Monsoon rains are crucial to farm output and economic growth because the agricultural sector accounts for about 15 per cent of India's $2.5 trillion economy.

India received 38 per cent more rainfall than the 50-year average in the week to September 18, data from IMD showed, with central India receiving 63 per cent more rain.

Overall, India has received 5 per cent more rain than average since the start of the monsoon season on June 1.

Monsoon rains in India in the week through to Wednesday were above average for a third straight week, the India Meteorological Department (IMD) said, with floods hitting many districts in the central parts of the country and damaging crops such as soybean and pulses.

Monsoon rains in India in the week through to Wednesday were above average for a third straight week, the India Meteorological Department (IMD) said, with floods hitting many districts in the central parts of the country and damaging crops such as soybean and pulses. Monsoon rains are crucial to farm output and economic growth because the agricultural sector accounts for about 15 per cent of India's $2.5 trillion economy. India received 38 per cent more rainfall than the 50-year average in the week to September 18, data from IMD showed, with central India receiving 63 per cent more rain. Overall, India has received 5 per cent more rain than average since the start of the monsoon season on June 1.

India's monsoon rains above-average for third straight week: IMD

Inflation at the wholesale level rose to a 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply.

Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent.

Last month&#39;s inflation was the highest since April when it was 3.85 percent.

The government data released today showed that inflation in food articles more than doubled to 4.30 percent in October.

For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September.

In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent.

Inflation in manufactured products saw a slight dip to 2.62 percent, as against 2.72 percent in September.

In the fuel and power segment, inflation rose to 10.52 percent, as against 9.01 percent in September. Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates.

Power tariffs shot through the roof on lower domestic production.

Pulses continued to witness deflation at 31.05 percent. Likewise, in potato deflation was at 44.29 percent and wheat at 1.99 percent.

The final print of August WPI inflation remained unchanged at 3.24 percent.

As per the Consumer Price Index (CPI) data released yesterday, retail inflation for October rose to a 7-month high of 3.58 percent on costlier food items, especially vegetables.

Besides, industrial production for September expanded at 3.8 percent, on poor showing by the manufacturing sector coupled with a decline in consumer durables output.

Last month, the Reserve Bank kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal.

RBI also raised its inflation forecast to the 4.2-4.6 percent range for the rest of the current fiscal as against 4-4.5 percent previously.&nbsp;

The prices of food articles, led by onions and vegetables, rose sharply

Inflation at the wholesale level rose to a 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply. Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent. Last month's inflation was the highest since April when it was 3.85 percent. The government data released today showed that inflation in food articles more than doubled to 4.30 percent in October. For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September. In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent. Inflation in manufactured products saw a slight dip to 2.62 percent, as against 2.72 percent in September. In the fuel and power segment, inflation rose to 10.52 percent, as against 9.01 percent in September. Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates. Power tariffs shot through the roof on lower domestic production. Pulses continued to witness deflation at 31.05 percent. Likewise, in potato deflation was at 44.29 percent and wheat at 1.99 percent. The final print of August WPI inflation remained unchanged at 3.24 percent. As per the Consumer Price Index (CPI) data released yesterday, retail inflation for October rose to a 7-month high of 3.58 percent on costlier food items, especially vegetables. Besides, industrial production for September expanded at 3.8 percent, on poor showing by the manufacturing sector coupled with a decline in consumer durables output. Last month, the Reserve Bank kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal. RBI also raised its inflation forecast to the 4.2-4.6 percent range for the rest of the current fiscal as against 4-4.5 percent previously.

WPI inflation at 6-month high of 3.59%

Launching an offensive against the Prime Minister over price rise, Rahul Gandhi today said after coming to power Narendra Modi has ignored the issue and demanded that he should give a date by when the prices of pulses will drop.&nbsp; 
 
&quot;You may make as many hollow promises as you want, but give us a date by when the prices of daal will come down,&quot; Gandhi said in Lok Sabha during a debate on price rise. 
 
In his first major intervention in the monsoon session, Gandhi said the price of pulses and vegetables have gone over the roof after NDA came to power, and farmers have not been able to get any benefit of the steep rise in the price of these commodities. 
 
Recalling Modi&#39;s speech at a poll rally in Himachal Pradesh in February 2014, Gandhi said while attacking the then UPA government over the issue, he had said that &quot;Ma-bachche raat raat rote hain, aasoon pee ke sote hain&quot; (mother and child cry the whole night and sleep drinking their tears). 
 
&quot;What a dialogue,&quot; Gandhi said thrice, taking a dig at Modi who was not present in the House. 
 
&quot;I want to remind the Prime Minister of the promises he made to people of the country during the poll campaign, which Modiji does not talk about now and has forgotten. He had also promised that when the BJP government comes to power, it will bring down the prices,&quot; Gandhi said. 
 
Listing out the prices of vegetables and pulses, Gandhi said in 2014, the price of tomato was Rs 18, which has shot up to Rs 55 in 2016. Urad and tur dal, priced at Rs 70 and 75 in February 2014, has gone up to Rs 160 and Rs 180 this month. 
 
He said there was a gap between the minimum support price for tur dal given to the farmers. It was Rs 45 whereas its price in the market was Rs 75. Now, the MSP has risen to Rs 50, but the price of the pulses is now Rs 180.&nbsp; 
 
&quot;So, there is a gap of Rs 130 in the NDA government. Where is this Rs 100 going?&quot; Gandhi asked. &quot;During elections, Modiji had said, &#39;Make me a chowkidar&#39; (watchman).&nbsp;Now, there is a theft of dal under the very nose of the chowkidar. But the chowkidar has not uttered a word. He is mum. Now he has become a big person. Leave that job of chowkidari to the Congress,&quot; Gandhi said.&nbsp; 
 
In reference to a BJP slogan &#39;Har Har Modi&#39; used during the Lok Sabha polls, he said, &quot;Now people are saying &#39;Arhar Modi&#39;.&quot; Taking a jibe at NDA&#39;s second birthday celebrations, the Congress vice president said the Prime Minister did not even utter a single word about rising prices during this event, and sought to know why. 
 
Accusing the government of waiving off Rs 52,000 crore of the corporates, Gandhi asked what benefit the government has given to the farmers and housewives of the savings amounting to Rs 2 lakh crore it has made from the slump in the crude prices. He also questioned NDA&#39;s flagship programmes like Make in India, Stand Up India and said, &quot;The &#39;Make in India&#39; programme has not got given a single job to the youth&quot;. 
 
(PTI)

The Congress vice president said the PM did not even utter a single word about rising prices. 'Now people are saying 'Arhar Modi''

Launching an offensive against the Prime Minister over price rise, Rahul Gandhi today said after coming to power Narendra Modi has ignored the issue and demanded that he should give a date by when the prices of pulses will drop. "You may make as many hollow promises as you want, but give us a date by when the prices of daal will come down," Gandhi said in Lok Sabha during a debate on price rise. In his first major intervention in the monsoon session, Gandhi said the price of pulses and vegetables have gone over the roof after NDA came to power, and farmers have not been able to get any benefit of the steep rise in the price of these commodities. Recalling Modi's speech at a poll rally in Himachal Pradesh in February 2014, Gandhi said while attacking the then UPA government over the issue, he had said that "Ma-bachche raat raat rote hain, aasoon pee ke sote hain" (mother and child cry the whole night and sleep drinking their tears). "What a dialogue," Gandhi said thrice, taking a dig at Modi who was not present in the House. "I want to remind the Prime Minister of the promises he made to people of the country during the poll campaign, which Modiji does not talk about now and has forgotten. He had also promised that when the BJP government comes to power, it will bring down the prices," Gandhi said. Listing out the prices of vegetables and pulses, Gandhi said in 2014, the price of tomato was Rs 18, which has shot up to Rs 55 in 2016. Urad and tur dal, priced at Rs 70 and 75 in February 2014, has gone up to Rs 160 and Rs 180 this month. He said there was a gap between the minimum support price for tur dal given to the farmers. It was Rs 45 whereas its price in the market was Rs 75. Now, the MSP has risen to Rs 50, but the price of the pulses is now Rs 180. "So, there is a gap of Rs 130 in the NDA government. Where is this Rs 100 going?" Gandhi asked. "During elections, Modiji had said, 'Make me a chowkidar' (watchman). Now, there is a theft of dal under the very nose of the chowkidar. But the chowkidar has not uttered a word. He is mum. Now he has become a big person. Leave that job of chowkidari to the Congress," Gandhi said. In reference to a BJP slogan 'Har Har Modi' used during the Lok Sabha polls, he said, "Now people are saying 'Arhar Modi'." Taking a jibe at NDA's second birthday celebrations, the Congress vice president said the Prime Minister did not even utter a single word about rising prices during this event, and sought to know why. Accusing the government of waiving off Rs 52,000 crore of the corporates, Gandhi asked what benefit the government has given to the farmers and housewives of the savings amounting to Rs 2 lakh crore it has made from the slump in the crude prices. He also questioned NDA's flagship programmes like Make in India, Stand Up India and said, "The 'Make in India' programme has not got given a single job to the youth". (PTI)

Give a date by when pulses price will decline: Gandhi scion tells Indian Prime Minister Modi

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India's monsoon rains above-average for third straight week: IMD

WPI inflation at 6-month high of 3.59%

Give a date by when pulses price will decline: Gandhi scion tells Indian Prime Minister Modi