Twenty years ago, a Maruti 800, with an air-conditioner fitted, cost a little less than Rs 2 lakh. Today it costs about Rs 2.5 lakh. Twenty years ago, a branded 1.5 tonne window air-conditioner cost about Rs 30,000; today, you can get a split AC unit for that price. Then, Videocon was offering large refrigerators for more than Rs 30,000; you can get better units today for much less. TV...
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Rural retail gets a ‘suppat’ surprise by Antara Bose
No celebrity visits or satellite banking system? Never mind, bring on ‘suppat’. Unlike Doba, three other villages of Lohardaga district may not have been lucky enough to get Reserve Bank of India’s smart card based satellite-banking system. But they have a ‘suppat’ surprise up their sleeves. ‘Suppat’ or ‘super’ in tribal dialect, is also the name of a rural chain of mom-and-pop stores initiated by a private party, Dynamic Tarang Pvt Ltd,...
More »Inflation declines sharply on easing food prices
Continuing with its trend towards moderation, inflation declined to 7.48 per cent in November, mainly boosted by lowering of pressure on certain food items.Inflation had stood at 8.58 per cent in October. It was 4.50 per cent in November 2009. For September this year, the inflation figure has been revised upwards to 8.93 per cent from the provisional number of 8.62 per cent.This is the fourth consecutive month when the...
More »Cheaper food keeps inflation down at 8.58%
Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...
More »No import of U.S. dairy products for now by Gargi Parsai
They will be subjected to protocol and verification: Pawar India has an “open mind,” but for now, it has held back permission to the United States for accessing Indian markets for U.S. dairy products, which may be made from the milk of cattle fed with feeds produced from internal organs, blood meal and tissues of ruminant origin or those that may contain animal rennet. In recent bilateral talks during U.S. President Barack...
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