With the fuel component moving more than 3.75% to 166.7 from 160 odd in the previous week, the overall inflation ticks remained stubborn, even as Food dipped to 7.6% from 7.8% on high base effect, vegetables scrawning up 4% for the diesel costs, on which more will come. The FAO Food Price Index for India has moved up 39%  year on year to 234 globally Primary Articles moved 11.56% year on year with non food articles up 18% again. With LPG tat 14.6%, Fuel moved to 12.67% (incl power) The June reports come next week probably between 9.3-9.4% after a 9.06% in May

I did not really track that news about redesignation of India's scrips based on limits of Foreign ownership in the MSCI Indices but it seems we are going to cut our limbs in the indices with residual interest in most bellwether scrips looking like low interest in % terms SBI and CICI will lose weights and Bharti Airtel will be among those whose weights will increase at least 5% Also overall we will be onlly 5.3% in the Emerging markets Index with Taiwan, Korea and China continuing at the top for very wierd reasons in 2 out of 3 cases above

the Mining Bill was a great relief for those following the infrastructure reorms story. 26% of Profits to farmers seems something everyone can be assume to be a stable solution going forward. And of course, sorry the weekend took its time coming, have a nice one. 

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