New Delhi: India’s annual wholesale inflation continued to be in the negative in May but moved up slightly to (-)2.36 percent from (-)2.65 percent in April, mainly on account of a rise in prices of food articles, official data showed on Monday.
The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 percent in May 2014.
During the period under review, the index for food articles was up 3.8 percent in May due mainly to a 22.8 percent increase in prices of pulses and 20.41 percent in that for onions. Potatoes, however, were cheaper by 51.95 percent.
Among the other two major sub-indices, the annual inflation for fuel in May was (-)10.41 percent and for manufactured products, it stood at (-)0.64 percent, data released by the commerce and industry ministry showed. (IANS)
In India and other select countries, content-streaming platform Netflix is testing a new mobile-only subscription plan that would only cost users $3.63 a month (Rs 251).
The basic Netflix streaming plan in India starts from $7.27 (Rs 500) and the test plan would slash the existing subscription plan exactly by half.
“We will be testing different options in select countries, where members can, for example, watch Netflix on their mobile device for a lower price and subscribe in shorter increments of time,” The Verge quoted Netflix as saying on Friday.
Although it remains unclear as of now, but the statement from the content-streaming platform hints that it could start offering weekly or bi-weekly subscription options alongside or instead of monthly plans.
Netflix declined to share what other countries would be involved in the test besides India.
The test in India makes sense, given that Netflix has already expressed interest in the country, the report said.
Last week, Todd Yellin, Product Vice President at Netflix gave a keynote in Mumbai addressing company’s future plans of expanding interactive TV shows and Netflix original content from India on its platform.
However, since this is a test, not all users would be able to be part of the new plan and it is also possible that Netflix could decide on not making it a permanent option after all. (IANS)