-The Tribune Disruption in supplies due to Ukraine crisis may create food shortage, price distortions The war in Ukraine has become a war on the world’s poor. Russia and Ukraine, together, accounted for a quarter of the world’s wheat exports, one-sixth of global corn exports, nearly a third of barley and three-fourths of the export of sunflower oil. American sanctions on Russia mean it cannot sell its extra wheat in the global...
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)
-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the...
More »Selling lemons: Prices squeeze pockets as summer demand soars -Zia Haq
-Hindustan Times A lemon inflation has taken hold, according to traders, because an unusually early summer and heatwaves have spiked demand. The crop this year was also smaller in some states, according to traders. The ‘market for lemons’ is hot. Prices of the essential summer citrus fruit have risen to unseen levels in the country, reaching up to ₹200 a kg in Rajkot on Saturday, leaving consumers angry and shocked. Traders said they...
More »Civil society members are unhappy with the abysmal rise in notified wage rates for MGNREGA in FY 2022-23
-Joint Press Note released by NREGA Sangharsh Morcha network and People’s Action for Employment Guarantee (PAEG) dated March 31, 2022 The wage rates for NREGA workers for FY 2022-23 were notied on 28.03.2022. The notication of the wage rate has been extremely late, with only 3 days remaining for the beginning of the next nancial year. Such a delay prevents any discussion or debate regarding the wage rates or their adequacy....
More »Maggi gets costlier as Nestle, HUL hike prices of instant, tea, coffee products
-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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