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Fuel Prices quicken WPI inflation to 11.39% in August

Inflation in wholesale prices resurged to 11.39% in August, staying in the double digits for the fifth month in a row. Inflation in manufactured products escalated for the fourth month in a row to 11.4%, as the second order effects of high fuel prices kicked in. Fuel and power inflation firmed up to 26.1% in August after a dip in July, even though food price inflation moderated to 3.43% from 4.46% . “LPG, petrol and diesel witnessed inflation of 48.1%, 61.5% and 50.7% respectively

Digital Economy

National Payments Corporation of India (NPCI) NPCI was set up in 2008. It is a 'Not for Profit' company, was set up in 2008 as an umbrella organization for all retail payments system in India. It was set up with the guidance and support of (RBI) and Indian Banks’ Association  (IBA). Initially the shareholding was for 10 banks, it was diversified to 56 banks. Objectives To consolidate an

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