Telcos, handset makers and mapping information engine companies are now focusing on paid location based services (LBS) like traffic updates, directions, finding the nearest ATMs and restaurants, fleet and individual tracking to add to their value-added services portfolio.
The Ministry of Statistics and Programme Implementation is planning to include services in the wholesale price index (WPI) to increase the scope and coverage of the index,
An analysis of price movements in the past three months reveals a handful of food products such as cereals, pulses and sugar have kept the headline inflation rate, earlier predicted to go below zero by April-end, in the positive terrain.