Inflation in India’s wholesale price hit a four months high of 14.55% in March, from 13.11% in February.
Wholesale price inflation (WPI) accelerated due to price rise across all categories of goods, with fuel and power as well as primary articles driving most of the gains.
This is the 12th month in a row that wholesale inflation has exceeded 10%.
Fuel and power inflation surged to a three month high of 34.5% in March from 31.5% in February.
Inflation in primary articles accelerated to 15.54% from 13.39%.
# Amway India
The enforcement directorate has attached assets estimated at ₹757.77 crore of Amway India enterprises private limited.
Amway enterprises has been accused by the agency of running a multi level marketing scam.
The 36 bank accounts identified so far has a cumulative balance of ₹345.94 crore.
# Guru teg bahadur
The government will celebrate the 400th birth anniversary of Guru teg bahadur with a two day event at red fort starting Wednesday.
Prime minister Narendra Modi would address the gathering and the nation from the red fort on Thursday.
The programme will be organised by the ministry of culture in collaboration with the Delhi sikh Gurudwara management committee.
# Srilanka
Srilankan president Gotabaya Rajapaksha on Monday appointed a new cabinet.
A total of 17 members, including many former cabinet ministers, were sworn in.
Despite massive demonstrations demanding their resignations, president Gotabaya Rajapaksha and prime minister Mahindra Rajapaksha remain in power.