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Vegetable prices soar in Kolkata after untimely rain damages crops

-IndiaToday.in Vegetable prices are on an upswing across the retail markets of Kolkata after untimely rainfall in the city caused damage to the standing crops. Kolkata: Vegetable prices remained on the higher side across the retail markets of Kolkata on Friday after untimely rainfall in the city damaged the standing crops. With the constricted supply line due to recent untimely rain, a massive demand-supply gap can also be seen in the city. According...

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India’s fertiliser subsidy set to rise by 62% in current financial year: Crisil

-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s fertiliser subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s fertiliser subsidy bill is likely to be higher by ₹50,000 crore to touch the total...

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Tomato price rise: Farmers in Andhra say that is only part of the whole story -G Ram Mohan

-Down to Earth All-year demand, the pressures of cultivating tomato off season and changing climate are making life difficult for Chittoor’s farmers Tomato prices across the country have shot through the roof recently. The government has intervened to lower the prices. But for farmers in Andhra Pradesh’s Chittoor district, one of India’s major tomato-growing areas, the government’s action show its bias for urban consumers and its neglect for rural farmers who are...

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Richest 20% facing more inflation than poorest 20%: Crisil

-PTI/ The Hindu The Crisil argument is based on the fact that the burden of inflation varies across different income groups, as the share of spending on food, fuel, and core categories differ across classes Extrapolating the retail inflation print for October, which inched up on-month to 4.5% from 4.3% in September, but steeply declined from 7.6% on-year, Crisil says the richest 20% of the population, who pay more on non-food or...

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India's retail inflation rate rises marginally to 4.48% in October

-MoneyControl.com The CPI-based inflation in September 2021 was at 4.35 percent and in October 2020 it was 7.61 percent. India’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.48 percent in the month of October 2021, data released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed on November 12. There was a marginal increase in retail inflation in October due to an uptick in food...

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