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Now for the second consecutive month, India's Wholesale Price Index (WPI) inflation registered a decline, by 3.39% in October 2016 as against the corresponding month of last year.

In line with our expectations, CPI inflation inched up in March, though WPI inflation eased a bit. Considering the significant gap between retail and wholesale inflation even now, it remains to be seen whether the former will move up further, despite wholesale inflation coming down.

Indian economy struggled for the last 5 years & impacted the overall project of India. Post NDA government at the center and subsequent slew of policy reform inflicted positive waves within the economy. The stringent control on black money movement and management forced many businesses to release the hoarded corps which impacted the CPI, WPI.

A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on the annual monetary policy stated that as anticipated the RBI has hiked short term lending rates and CRR, however, whether the 25 basis points increase across the board would be sufficient to contain the accentuating inflation which is at an average WPI of 8% and a CPI of over 13% is a matter of debate but will lead to increase in the interest rates.

The government is likely to come out with a new series of wholesale price index (WPI) in the couple of months that will give a more realistic picture of inflation in the country.

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GST slab release impacted sensex today. The slab of 12% & 18% is clever move by the government to increase taxes on the services. It is expected that sensex will be under pressure till the time fine blue print don't come out as the slab rates are higher than expected.

The patent on Lipitor, the best selling prescription drug in history, expired today, but Pfizer shows no signs of letting generics push its biggest money maker aside.

Biotech sector stocks saw major gains and sharp falls on heavy trading as mixed news hit the markets, ranging from a positive court ruling to the death of two study participants.