Here are the top stories this afternoon:
Exclusive: How free PDS foodgrain and an old statistics manual caused havoc with CPI inflation
The unexpectedly large increase in Consumer Price Index (CPI) inflation in January was because of a tweak in the usual methodology, Moneycontrol has learnt.
Headline retail inflation rose far more than expected to a three-month high of 6.52 percent in January from 5.72 percent in December, data released by the statistics ministry showed last month, with economists pointing out that there seemed to be a discrepancy in the cereals index of the CPI behind the sharp rise.