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Major News and Events of 18 July 2017

What Happened on 18 July 2017


Wholesale inflation falls to 0.9% in June

According to reports, Wholesale inflation for June 2017 fell to 0.9 per cent as prices of food articles, including vegetables, declined. The inflation has dropped to the lowest level in the last two quarters. Inflation in food articles was negative (-) 3.47 percent in June and inflation in vegetables stood at -47.32 percent in June 2017.

India foodgrain output at record 273.38 Metric Tonnes in 2016-17

According to reports, Foodgrain production in the country has been estimated at a record level of over 273 million tonnes during 2016-17. This information was provided by Minister of State for Agriculture SS Ahluwalia. The production of rice, wheat, coarse cereals and pulses touched new record levels in the last fiscal.