-The Hindu Business Line Onion prices may be cooling, but food inflation likely to remain high; core inflation a worry Consumers staring at rising prices are unlikely to have much reprieve. Analysts believe that retail inflation may be peaking now but caution that prices will remain high in coming months. So while onion prices have come down, your monthly grocery bill could still be on the higher side for the first half of...
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When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion prices soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
More »Trade worries
-Livemint.com If crude Oil Prices surge on tensions in West Asia, our import bill could soar India’s December trade figures deepen concerns about the health of our economy. Official figures show that merchandise exports dipped 1.8% from a year earlier to $27.36 billion, marking the fifth straight month of decline. A consolation is that imports fell by a larger 8.8%, helping narrow the trade deficit. But the relief could be temporary. If...
More »Petrol prices up 15 paisa, diesel by 17 paisa as crude hits $70-mark
-PTI The retail pump prices of petrol in Delhi rose to Rs 75.69 per litre - the highest since November 2018, while those of diesel climbed to Rs 68.68, according to a price notification of state-owned fuel retailers. New Delhi: Petrol prices on Monday were hiked by 15 paisa a litre and diesel rates were increased by 17 paisa as global Oil Prices hit USD 70 mark in the wake of escalating...
More »Minimum support prices for winter crops up 5-7%
-Financial Express Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procurement doesn't seem to be working on the groun The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing...
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