Friday 15 May 2015

Top Economy news of the day- May 15, 2015

WPI fell to a new low of 2.65% for the month of April, 2015, after declining to 2.33% in the previous month, as per government data. 

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The wholesale price index (WPI) fell to a new low of 2.65% for the month of April, 2015, after declining to 2.33% in the previous month, as per government data. This is the sixth straight decline in wholesale prices, a clear indication that inflationary pressures in the economy remain muted.

Indian economy is likely to clock 8.1% growth in the current financial year, spurred by strong consumer spending amid low inflation, infrastructure projects and government's reform measures, says a UN report.

While 20 members of Parliament have alleged that airlines are indulging in cartelisation and complained of excessive fares charged by airlines during holiday season, travel agents and online portals say airfares are 15-20% lower this summer compared to 2014.

The government is likely to approve in few days a final policy on adding 100 GW of solar power, as it targets energy generation of 175 GW from renewable sources by 2022 

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