-IndiaToday.in In a disappointment for Maggi, tea and coffee lovers, Nestle and Hindustan Unilever Limited (HUL) have announced rate hikes for major products. The prices of Maggi noodles, tea, coffee and milk have been increased. In a jolt for consumers, Nestle India and Hindustan Unilever Limited (HUL) have hiked the rates of their instant, tea and coffee products, according to media reports. MAGGI PRICE * The prices of Maggi have been increased by 9...
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Retail inflation rises to eight-month high at 6.07 per cent
-The Telegraph Analysts said inflationary management had become challenging now amid rising risks to growth Retail inflation rose to an eight-month high of 6.07 per cent in February and remained above the RBI’s comfort level for the second month in a row. Wholesale price inflation — the data was also released on Monday — remained in double digits at 13.11 per cent (February) for the 11th consecutive month. Analysts said inflationary management had become...
More »Real wage rates of the rural workers hardly increased during the last 6 years
In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
More »Climate and food price rise: Extreme weather events triggering unprecedented food inflation -Richard Mahapatra
-Down to Earth Unfavourable, unreliable weather hurt agriculture, in turn pushing food prices our of reach across the world At 14.23 per cent, India’s wholesale inflation rate in November 2021 was the highest in three decades. It did reduce marginally to 13.56 per cent the next month, according to government data released January 14, 2022. But even that is bad news for the Centre ahead of Assembly elections in five states, including...
More »Government bans futures trading in seven commodities
-MoneyControl.com India has suspended futures trading in seven commodities with immediate effect in its latest move to rein in soaring inflation. The Finance Ministry has suspended trading in futures contracts of some agricultural commodities for one year to reign in inflation. Trading in seven commodities - paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong - has been suspended with immediate effect, according...
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