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Centre curbs stock limits to cool onion prices

-The Hindu First imposition of limits after amendment to Essential Commodities Act. With onion prices crossing ₹100 per kg in several cities, the Centre imposed stock limits on Wholesalers and retailers until the end of the year to prevent hoarding. This is the first time stock limits have been imposed on any commodity after the Essential Commodities Act was amended last month to reduce such interventions. Under the curbs, wholesale traders will not...

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Entry of general public banned in Sahibabad market after videos of crowds gathering emerge -Peeyush Khandelwal

-Hindustan Times After videos of people flouting of norms of social distancing went viral, officials banned the entry of general public in Ghaziabad’s biggest government vegetable market — Sahibabad Mandi. The officials said that from now on only the Wholesalers and retailers will be allowed to enter the market and operations will take place between 10pm to 7am. The decision was taken by officials when, two days ago, some videos went viral...

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Why FMCG companies are cutting down on advertising costs in India -Bidya Sapam

-Livemint.com * Consumer goods companies are likely to post their worst revenue growth in the last 15 years, as per report * With slump in consumer demand, most firms are stepping up their efforts to entice consumers through discounts and offers Mumbai: Fast moving consumer goods (FMCG) companies are shifting their focus to consumer promotions to drive volume in a sluggish market while being cautious on investing heavily on advertisements to save cost,...

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Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile

-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...

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The spirit of mahua -Diya Kohli

-Livemint.com The production of ‘mahua’ is finally entering the formal economy as new initiatives seek to upscale this indigenous drink, selling it across the country and even the globe It is a cloudy morning in Nangur village in Bastar district, Chattisgarh. It is a settlement of a little over 400 families, considered fairly large in these parts. We make a bumpy journey down a narrow, unpaved road intermittently shaded by sargi (sal)...

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