Business
India’s Oct retail inflation inches-up on high food, input prices
India’s October retail inflation inched-up on sequential basis on the back of a marginal rise in food prices along with high fuel and commodity prices.
Accordingly, data furnished by the National Statistical Office showed that Consumer Price Index (CPI) inched-up to 4.48 per cent last month from 4.35 per cent in September 2021.
However, on YoY basis, the rise in last month’s retail inflation was slower than the 7.61 per cent rise recorded for October 2020.
The macro-economic data assumes significance as retail inflation remained we ll within the range of the Reserve Bank of India’s set target of 2-6 per cent for CPI inflation.
Region-wise, the CPI Urban rose to 5.04 per cent last month from 4.57 per cent in September and the CPI Rural came down to 4.07 per cent from 4.13 per cent.
As per the NSO data, the rate of rise in Consumer Food Price Index increased to 0.85 per cent last month from 0.68 per cent in September.
The CFPI readings measure the changes in retail prices of food products.
In terms of CPI YoY inflation rate, pulses and products’ prices jumped by 5.42 per cent in October 2021.
Besides, meat and fish prices rose by 7.12 per cent, however, eggs became cheaper by 1.38 per cent, nevertheless, the overall price of food and beverages category was up 1.82 per cent and oils and fats prices rose 33.50 per cent.
On the other hand, vegetable prices declined by 19.43 per cent.
Furthermore, as per the official data, the inflation rate for fuel and light was at 14.35 per cent.
In addition, sub-group of clothing and footwear showed a price acceleration of 7.53 per cent.
“Despite base effect, still-high fuel costs, input cost pressures and season al turn in some food prices in coming months etc. could even see inflation rise towards more than 6.2 per cent later in the fiscal year,” said Madhavi Arora, Lead Economist, Emkay Global Financial Services.
“We revise our forecast by 25bps to 5.5 per cent for FY22, as we reckon supply-side bottlenecks, higher imported commodity inflation and high pump prices would pose a countering upside pressure on inflation.”
According to Aditi Nayar, Chief Economist, ICRA: “The uptick in the YoY CPI inflation in October 2021 relative to the previous month, while mild, was pretty broad-based, with the hardening in the inflation for clothing and footwear, and miscellaneous items suggesting that reviving demand is nudging producers in some sectors to pass through the input price pressures, resulting in a pickup in the core inflation to 5.8 per cent in that month.”
Business
Navi Mumbai: CIDCO’s 9.6-Km Kharghar Coastal Road Work To Begin In 2026, Promises Faster NMIA Connectivity By 2029

Navi Mumbai: Construction of the much-anticipated Kharghar Coastal Road — a key link that will enhance connectivity to the upcoming Navi Mumbai International Airport (NMIA) — is expected to commence in early 2026, following the receipt of mandatory forest clearances.
Planned by the City and Industrial Development Corporation (CIDCO), the 9.678-kilometre-long and 30-metre-wide arterial road will connect the airport to major nodes such as Belapur and Nerul, significantly improving regional mobility and supporting economic growth across Navi Mumbai.
The project will also provide direct high-speed access to the International Corporate Park (ICP) being developed on the lines of Bandra Kurla Complex (BKC), the Golf Course, and the FIFA-standard Centre of Excellence (COE) at Kharghar.
A grade-separated interchange over the Sion-Panvel Expressway is part of the plan to ensure smooth traffic flow and reduce congestion between the airport and nearby business and recreational hubs.
Of the total road length, 6.96 kilometres will be newly developed, while the remaining portion will integrate with the existing network. The corridor will also cater to the anticipated transport demand from upcoming projects such as the Water Transport Terminal and Pradhan Mantri Awas Yojana (PMAY) housing schemes in the area.
CIDCO has awarded the construction contract to the J Kumar–J M Mhatre Joint Venture. Officials said the project will not only boost airport connectivity but also strengthen Kharghar’s position as a major residential and commercial hub, linking it seamlessly to Taloja and Navde.
“Known for its well-planned infrastructure, green cover, and educational institutions, Kharghar is poised to witness a new phase of growth once the coastal road becomes operational. Kharghar coastal road is estimated to be ready by 2029 if everything goes as per plan,” an official from CIDCO said.
Business
Telecom operators embrace AI to bolster revenues, drive efficiency globally

New Delhi, Nov 8: Leading telecoms globally are deploying artificial intelligence (AI) across network operations, customer service, and fraud prevention to drive efficiency and reduce costs, according to a new report.
These initiatives are already contributing to EBITDA margin gains, with predictive maintenance and automated support systems leading the way, according to an IDC report.
AI also enables personalised offerings and dynamic pricing, boosting average revenue per user (ARPU) and reducing churn.
Fraud detection systems enhanced by AI are helping reduce losses, reinforcing customer trust and regulatory compliance. With AI accelerating time-to-market for new services, telecoms can better monetize emerging technologies like 5G and edge computing.
“In the longer term, as AI continues to evolve, it will be increasingly recognized not as a mere technological enhancement, but as a strategic enabler poised to drive sustainable growth for telecommunications operators,” said the report.
Meanwhile, worldwide spending on telecommunication and pay TV services is projected to reach $1,532 billion in 2025, representing an increase of +1.7 per cent year-on-year, according to the IDC report.
The latest forecast is slightly more optimistic compared to the forecast published earlier this year, as it assumes a 0.1 percentage point higher growth of the total market value.
The regional dynamics remain mixed, with inflationary effects, competition, and Average Revenue per User (ARPU) trends playing a central role in shaping market trajectories, said Kresimir Alic, research director, Worldwide Telecom Services at IDC.
The breakdown by telecom service type confirms that established trends remain intact, despite adjustments to overall market forecasts.
Mobile continues to dominate, driven by rising data consumption and the expansion of M2M applications, which are offsetting declines in traditional voice and messaging revenues.
Fixed data services are also expected to grow steadily, fuelled by increasing demand for high-bandwidth connectivity.
The global connectivity services market is projected to grow at a compound annual rate of 1.5 per cent over the next five years, maintaining a cautiously optimistic outlook.
Business
Govt plans AI-based eKYC, global credential verification in DigiLocker

New Delhi, Nov 8: The Ministry of Electronics and IT on Saturday announced plans for AI-based eKYC and global credential verification in the DigiLocker platform.
The platform has evolved from a secure document storage service into a trust layer that connects citizens with ministries and departments, according to an official statement.
National e-Governance Division (NeGD), Ministry of Electronics and IT organised the National Conference on DigiLocker to discuss and showcase how DigiLocker evolves into a cornerstone of trust, convenience, and efficiency across government, education, and industry sectors.
The conference underscored the transformative role of DigiLocker in facilitating paperless governance, inclusive education, and secure digital services.
“DigiLocker serves as the trust layer connecting citizens, ministries, and departments—enabling secure, interoperable, and accountable digital governance. Our vision is a future where every digital interaction is trusted, every citizen empowered, and every institution accountable” said S. Krishnan, Secretary of MeitY, who chaired the conference.
Krishnan said that the platform advances India’s digital journey from connectivity to capability, service delivery to self-reliance and now from digitalisation towards trust.
Abhishek Singh, Additional Secretary of the Ministry of Electronics and IT, outlined the future of DigiLocker with AI-based eKYC and global credential verification, positioning it as a global model for paperless governance.
Presentations were made on integration of Digi Locker with Pension and Treasury systems in Maharashtra and with over 500 services through Sewa Setu Portal in Assam, the statement noted.
Seven states, including Assam, Himachal Pradesh, Madhya Pradesh, Meghalaya, Kerala, Maharashtra, and Mizoram, have been recognised as “DigiLocker Accelerators” for their distinct achievements.
DigiLocker allows citizens to access, verify, and share IDs, financial credentials and certificates securely.
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