-The Tribune The prices of essential food items have increased by 50% in seven years, whereas the real wage rate has risen by 22%. These figures show that inflation has outsmarted the real income of the poor, making their lives miserable as the food basket constitutes a substantial proportion of the total expenditure on the poor. The net effect is that the poor earn less and take loans to maintain the...
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Retail inflation is not just about petrol, diesel -TS Ramakrishnan
-The Hindu Business Line Rather than cut fuel prices, encouraging farmers to step up cultivation of oilseeds and raising LPG subsidy and vegetables will ease food inflation It is true that a reduction in the prices of petro products will result in a modest fall in the prices of various commodities. However, the reduction in petro prices will happen only when both Central and State governments forgo a substantial portion of the...
More »Ban on wheat exports 'anti-farmer' move, say Punjab farmers' unions
-PTI/ The New Indian Express They also slammed the Centre for not announcing a bonus of Rs 500 per quintal of wheat, as demanded by them to compensate the drop in the yield on account of shrivelled grains due to intense heat wave CHANDIGARH: Farmers' unions in Punjab on Monday dubbed the Centre's decision of banning wheat exports as an "anti-farmer" move, saying that the Union government is not letting them reap...
More »Average retail price of atta up 13% from last year
-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
More »Britannia warns of further price hikes -Suneera Tandon
-Livemint.com The company estimates that it will have to increase prices by another 10% this year if spot prices of key commodities persist in the current fiscal NEW DELHI: Biscuit maker Britannia Industries Ltd, said it will have to take “tough calls" and initiate price corrections as inflationary headwinds continue to persist. In the last fiscal, the maker of Good Day biscuits and packaged cheese hiked prices by 10%. Major factors for the inflation...
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