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May WPI rises to 0.79% and other economy news

May WPI rises to 0.79% and other economy news

The Wholesale Price Index (WPI) rose 0.79% in May, after rising 0.34% in April 2016 and coming in at -2.20% during the corresponding month of the previous year. (BS)

Concerned over ‘wilful violation’ of its drug pricing control rules, the National Pharmaceutical Pricing Authority (NPPA) has slapped show-cause notices on ten top drugmakers for failing to register their products on its online database and submit the mandatory disclosures. (BL)

India recorded a 10-year low in investments in public-private sector in 2015, adding to contraction that pulled down the global investment to below its five-year average of USD124bn. (BL)

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