inflation issues

Wholesale price inflation rose to 4.43% in May – the highest in over a year

The inflation rate was at a 14-month high, mainly due to increasing prices of fuel and vegetables.

India’s wholesale price index rose to 4.43% in the month of May, as compared to 2.26% in the same month last year, the Ministry of Commerce and Industry said on Thursday. The inflation rate was at a 14-month high, mainly due to increasing prices of fuel and vegetables.

The inflation rate based on wholesale prices was at 3.18% in April.

Among primary articles, inflation in food articles stood at 1.60% in May, against 0.87% in April. Inflation in vegetable prices rose to 2.51%, against a decline of 0.89% in April. Potato prices rose as much as 81.93%, against a 67.94% increase the previous month.

The “fuel and power” basket of the wholesale price index showed a sharp price rise of 11.22% in May from 7.85% in April. Prices of petrol and diesel rose to record levels between May 12 and May 29 after remaining stable for nearly three weeks.

On Thursday, the Reserve Bank of India had increased the repo rate for the first time since January 2014, as inflation rates have risen in recent months.

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Decoding the symbolic threads and badges of one of India’s oldest cavalry units

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The national emblem of India; an open parachute and crossed lances – this triad of symbols representing the nation, excellence in training and valor respectively are held together by an elite title in the Indian army – The President’s Bodyguard (PBG).

The PBG badge is worn by one of the oldest cavalry units in the India army. In 1773, Governor Warren Hastings, former Governor General of India, handpicked 50 troopers. Before independence, this unit was referred to by many titles including Troops of Horse Guards and Governor General’s Body Guards (GGBG). In 1950, the unit was named The President’s Bodyguard and can be seen embroidered in the curved maroon shoulder titles on their current uniforms.

The President’s Bodyguard’s uniform adorns itself with proud colours and symbols of its 245 year-old-legacy. Dating back to 1980, the ceremonial uniform consists of a bright red long coat with gold girdles and white breeches, a blue and gold ceremonial turban with a distinctive fan and Napoleon Boots with spurs. Each member of the mounted unit carries a special 3-meter-long bamboo cavalry lance, decorated by a red and white pennant. A sheathed cavalry sabre is carried in in the side of the saddle of each trooper.

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Since their foundation, the President’s Guard has won many battle honors. In 1811, they won their first battle honor ‘Java’. In 1824, they sailed over Kalla Pani for the first Burmese War and earned the second battle honour ‘Ava’. The battle of Maharajapore in 1843 won them their third battle honor. Consequently, the PBG fought in the main battles of the First Sikh War and earned four battle honours. Post-independence, the PBG served the country in the 1962 Indo-China war and the 1965 Indo-Pak war.

The PBG, one of the senior most regiments of the Indian Army, is a unique unit. While the uniform is befitting of its traditional and ceremonial role, the badges that augment those threads, tell the story of its impressive history and victories.

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This article was produced by Scroll marketing team on behalf of National Geographic and not by the Scroll editorial team.