BackIndia’s Wholesale Inflation Surges to 8.3% in April, Highest in Three-and-a-Half Years

Urgent

Economic Times5/14/2026BusinessIndia

India’s Wholesale Inflation Surges to 8.3% in April, Highest in Three-and-a-Half Years

Quick Look

India's wholesale inflation jumped to 8.3% in April, driven by soaring fuel and crude oil prices due to the Middle East conflict, impacting mineral oils, natural gas, and manufactured goods.

AI-generated summary

Font size

India's wholesale inflation jumped to 8.3% in April, driven by soaring fuel and crude oil prices due to the Middle East conflict, impacting mineral oils, natural gas, and manufactured goods.

Read the full article on Economic Times

Indian banks and insurers will launch the Central Know-Your-Customer 2.0 (CKYC) system in August, allowing customers to access financial products without repeated ID submissions. Asset managers will join later, aiming to deepen financial participation and combat fraud by simplifying data access with customer consent.

Economic Times

3 min read

Developing·1 hour ago

EPFO Begins Crediting 8.25% Interest for FY 2025-26: How to Check Your Balance

The Employees' Provident Fund Organisation (EPFO) has started crediting 8.25% interest for FY 2025-26 to EPF accounts, with many subscribers receiving SMS confirmations. The process is phased, and members can verify their balance via the EPFO portal, a missed call, or SMS service.

Economic Times

2 min read

Developing·2 hours ago

Flipkart to Pilot Online Food Delivery in India, Challenging Zomato and Swiggy

Walmart-owned Flipkart plans to launch a pilot for online food delivery in India within 30 days, aiming to challenge market leaders Zomato and Swiggy. The company will learn from the pilot before a wider national rollout, believing a strong value proposition can disrupt the market.

Economic Times

2 min read

Business·3 hours ago

Presumptive Taxation Scheme: Eligibility, Benefits, and Tax Audit Requirements

The presumptive taxation scheme simplifies income computation for eligible Indian taxpayers like freelancers and small businesses, reducing compliance burdens. However, a tax audit is required if actual income falls below prescribed rates, necessitating careful evaluation of profit margins and expenses before opting in.

Economic Times

6 min read

Developing·3 hours ago

US Imposes 10% Tariffs on India, 16 Other Nations Over Forced Labor Imports

The US has imposed 10% tariffs on goods from India and 16 other nations, including Pakistan and Bangladesh, for allegedly failing to ban forced labor imports. India amended its foreign trade policy to prohibit such imports after the investigation began, leading to a lower tariff than initially proposed.

Economic Times

2 min read

India’s Wholesale Inflation Surges to 8.3% in April, Highest in Three-and-a-Half Years

Quick Look

Related Topics

Related Stories

India's Exports Face Minimal Impact from New US Tariffs, Textile Sector Needs Monitoring

Indian Banks, Insurers to Launch Common Customer Identification System in August

EPFO Begins Crediting 8.25% Interest for FY 2025-26: How to Check Your Balance

Flipkart to Pilot Online Food Delivery in India, Challenging Zomato and Swiggy

Presumptive Taxation Scheme: Eligibility, Benefits, and Tax Audit Requirements

US Imposes 10% Tariffs on India, 16 Other Nations Over Forced Labor Imports