Wholesale inflation rises to 0.73 pc in December

NEW DELHI, Jan 15 (Reuters) – India’s wholesale price index in December rose 0.73% year-on-year to a nine-month high, mainly on the back of higher food prices, government data showed on Monday. The rise in the index (INWPI=ECI) was slower than the

India hikes govt employee inflation-adjusted allowance by 4%

NEW DELHI, Oct 18 (Reuters): The Indian government on Wednesday hiked the inflation-adjusted allowance for its 11.7 million employees and pensioners by 4% ahead of the festival season, a minister said, a move that would cost the exchequer 128.57 billion rupees ($1.54