INFLATION: India’s Inflation rose to 0.31 percent for March 21, marginally above the previous week’s Inflation of 0.27 percent, government data showed on Thursday.

- The annual inflation rate was 7.85 percent during the corresponding week of the previous year.  

- Central bank governor Duvvuri Subbarao has said there was no concern about India getting into a deflationary cycle, and said the current challenge was to stem the economic slowdown.

- The wholesale price based-inflation rate has fallen sharply since peaking at 13 percent in August.

- Annual consumer price inflation in February was 9.63 percent, as prices of food products remain firm.

- Since October, the central bank has cut its key lending rate by 400 basis points, while the government has announced spending measures and cut some taxes and duties to revive demand and boost faltering growth.

- India has also cut fuel prices twice since December, helping the inflation rate to fall quickly.

- Annual inflation for the week ended Jan. 24 was revised to 4.70 percent from 5.07 percent.

- The wholesale price index stood at 227.3 points in the week ended March 7.