Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
Retail inflation inched up to 4.48% in October due to an uptick in food prices, government data showed on Friday. The Consumer Price Index (CPI) based inflation was at 4.35% in September and 7.61% in October 2020.
According to the data released by the National Statistical Office (NSO), inflation in food basket rose to 0.85% in October, compared to 0.68% in the preceding month.
The Reserve Bank, which mainly factors in CPI-based inflation while arriving at its bi-monthly monetary policy, has been tasked by the government to keep it at 4%, with a tolerance band of 2% on either side.
In another set of figures released by the NSO, industrial production 3.1% in September, according to official data released on Friday.
IIP grew 23.5% in April to September this year
As per the Index of Industrial Production (IIP) data, the manufacturing sector’s output surged 2.7% in September 2021. In September, the mining output climbed 8.6%, and power generation increased 0.9%. The IIP had grown by one per cent in September 2020.
During April-September this year, the IIP grew 23.5% against a 20.8% contraction in the same period last year.
Industrial production has been hit due to the Covid-19 pandemic since March last year when it had contracted 18.7%. It shrank 57.3% in April 2020 due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.