-PTI/ Financial Express Downtrading refers to the practice of switching from expensive products to cheaper alternatives by customers in a bid to conserve cash. FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise and unprecedented inflation. Besides, they are also...
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Buy wheat till May 31, Centre tells States
-The Hindu Extension of procurement season to benefit farmers, it says The Centre has asked wheat-producing States and union territories (UTs), whose procurement closing dates were expiring early, to keep procuring wheat till May 31, the Ministry of Consumer Affairs, Food and Public Distribution said in a statement on May 15. The extension of the wheat procurement season was “expected to benefit farmers”, the Ministry said. The Ministry had also directed the Food...
More »Expensive crash courses, students dropping out of school – how CUET is driving change in higher education -Soniya Agrawal
-ThePrint.in While private school students are dropping out to enroll in crash courses for CUET, those who cannot afford these coaching classes feel they are at a disadvantage. New Delhi: Alarm for Class 12 board exams, that lived rent-free in the minds of students, has now been replaced by the rush to enroll in expensive crash courses to prepare for the Common Universities Entrance Exams (CUET). Introduced in 2021, CUET is a single-window...
More »Cotton Association of India asks MCX to prevent speculation in Cotton Futures
-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
More »India’s wheat ban knee-jerk reaction; could prove costly for farmers -Shagun
-Down to Earth The full impact of the wheat ban on farmers will be known only in the next few days, say experts India’s sudden decision to ban wheat exports with immediate effect citing food security may prove costly for its farmers. Many of them have held back their crop in the hopes of getting higher prices in the coming weeks. The impact of this decision is already being seen in wheat mandis...
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