Wholesale inflation highest in 38 months: It reached 3.88% in March; Gold increased by ₹ 2,854 to ₹ 1.53 lakh, silver became costlier by ₹ 12,038

Yesterday’s big news was related to wholesale inflation. Wholesale inflation (WPI) has increased to 3.88% in March. It was at 2.13% in February. That means it has increased by 1.75% within a month. Whereas 10 grams of 24 carat gold increased by Rs 2,854 to reach Rs 1.53 lakh. One kg of silver has increased by Rs 12,038 to reach Rs 2.49 lakh.

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1. Wholesale inflation highest in 38 months: It reached 3.88% in March, daily essential goods and fuel became expensive.

Wholesale inflation (WPI) has increased to 3.88% in March. It was at 2.13% in February. That means it has increased by 1.75% within a month.

Wholesale inflation has also broken the record of 38 months. Wholesale inflation had reached 4.73% in January 2023. Commerce Ministry has released wholesale inflation figures today i.e. on 15th April.

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2. Gold increased by ₹ 2,854 to reach ₹ 1.53 lakh: This year the price increased by ₹ 20 thousand; Silver became costlier by ₹12,038 to ₹2.49 lakh/kg

There was a rise in the prices of gold and silver on 15 April. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has increased by Rs 2,854 to reach Rs 1.53 lakh. Earlier on April 13, its price was Rs 1.50 lakh per 10 grams.

At the same time, one kg silver has increased by Rs 12,038 to reach Rs 2.49 lakh. Earlier on Monday its price was Rs 2.37 lakh per kg.

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3. Talks on India-US trade deal will resume: Indian delegation will leave for Washington next week; New tariff structure will be discussed

Talks on the stalled interim trade deal between India and America will resume. A high-level delegation of the central government will go to Washington next week. This visit is taking place at a time when trade equations in America have changed due to tariff rules and court decisions.

According to PTI, government sources on Wednesday confirmed the delegation’s visit. The agreement was initially expected to be signed in March, but the Donald Trump regime’s tariffs and a recent ruling by the US Supreme Court have made the situation difficult.

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4. India’s economy declined, came at number 6: Reason – Rupee declined against the dollar, Britain reached 5th place.

India’s economy has fallen from number 5 to number 6 in the world ranking. According to the International Monetary Fund (IMF), Britain has once again overtaken India.

This decline in India’s GDP has come due to the weakening of the rupee against the dollar. At the beginning of this year, the rupee was at 89.91 against the dollar, which has now come down to Rs 93.38.

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5. FASTags with incorrect information will be blacklisted: NHAI directs banks to verify vehicle registration numbers; KYV process was finished earlier

The central government on Wednesday issued a new guideline for banks issuing FASTag. The government has asked banks to immediately check the vehicle registration numbers (VRN) linked to the tag.

If the vehicle number in a FASTag is found to be incorrect or does not match the data, it should be immediately blacklisted. National Highway Authority of India (NHAI) has taken this step to increase the accuracy and transparency of data in the toll system.

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