Vilasrao Deshmukh, the former Chief Minister of Maharashtra had shown signs of improvement and been on and off the ventilator before being prepared for a transplant
In food articles category in July, potatoes turned expensive by 73%, rice by 10.12%, cereals by 8.29% and pulses by 28.26% on annual basis
New Delhi: Inflation declined to 6.87% in July as the rate of price rise of the food articles category eased a little, although pressure remained on potato, pulses and rice as well as manufactured items, reports PTI.
Inflation, as measured by the Wholesale Price Index (WPI), was 7.25% in June. In July last year, it was 9.36%. Overall, food inflation declined to 10.06% in July, from 10.81% in June.
In July last year, however, the rate of price rise in this category was 8.19%. Food articles have 14.3% share in the WPI basket.
In the manufactured items category, prices rose for cotton textiles, paper and paper products, cement and lime.
The rate of price rise in the manufactured products was 5.58% in July, as against 5% in June.
In food articles category in July, potatoes turned expensive by 73%, rice by 10.12%, cereals by 8.29% and pulses by 28.26% on annual basis.
Besides, eggs, meat, fish prices were up by 16%. Inflation rate in milk prices was 8.01% and for vegetables it was 24.11%.
However, the pressure on prices of onions and fruits declined during July. While inflation in fruits was negative at (-)0.15%, for onion it was (-)9.81%.
Among the non-food articles, inflation in fibres was high at 5.89%, oil seeds at 25.22% and minerals at 8.43%.
Reflecting slowdown in the Indian economy, imports too declined by 7.6% to $37.9 billion in July, leaving a trade deficit of $15.5 billion
New Delhi: Hit hard by demand slowdown in the US and Europe, India's exports in July contracted 14.8% - steepest fall in three years - to $22.4 billion, making it difficult for the country to achieve the target of $350 billion this fiscal, reports PTI.
"The world trade contraction is getting worsened. The worst fear of European sovereign debt crisis is really impacting the world trade. In the US markets also, the appetite has substantially come down...Days coming ahead are tough," Commerce Secretary SR Rao told reporters.
Reflecting slowdown in the economy, imports too declined by 7.6% to $37.9 billion in July, leaving a trade deficit of $15.5 billion.
"Trade deficit has fallen but not very comfortably," Director General of Foreign Trade (DGFT) Anup Pujari said.
During the April-July period of 2012-13, exports have shrunk by 5.1% to $97.6 billion. Imports during the period dipped by 6.47% to $153.2 billion.
Earlier in the day, DGFT had said the cumulative exports figure for the four months was $80.44 billion.
Rao said due to the demand slowdown in the two biggest markets - the US and Europe, "it is a stiff challenge" to achieve the exports target of $350 billion set up for the current fiscal.
Asked whether the government is planning to provide more incentives to exporters, he said there is need to take more steps to reduce transactions cost of exporters to increase competitiveness of Indian goods in the global markets.
He said that the recent steps like 24x7 working of customs and Electronic Bank Realisation of Cheques would help in substantially reducing the transactions cost.
"We will have to reassess our tactical steps...several such steps would be taken...we need to focus on how to reduce transactions cost within our own economy," he added.
Last time when exports witnessed such a steep fall was in August 2009. They were down 23.5% then.