-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...

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...

-Business Standard Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan Crises in the Indian economy used to be the “normal”. In the 12 years from 1962 to 1974, India fought three wars, suffered four droughts that produced famine in places like Bihar, and lived through the first oil shock, which saw a quadrupling of crude oil prices. The...

-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...

-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...