-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as price risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
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How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
More »IIP growth rebounds, retail inflation surges
-The Hindu Electricity sector growth, however, slows to 4.75% in July from 8.19% in June; food inflation at a 14-month high Industrial activity rebounded in July to 4.3% on a broad-based recovery across key sectors such as mining, manufacturing and construction, official data released on Thursday showed. In a separate release, data showed retail inflation rose in August to hit a 10-month high of 3.21% on quickening food price rises. Growth in the Index...
More »Kashmir clampdown is driving up apple prices, you could soon be paying Rs 200-250/kg -Samyak Pandey
-ThePrint.in Apples from Kashmir start coming to Delhi in the last week of August, but the communication & transport restrictions have skewed the supply this year. New Delhi: Apple prices are likely to double in Delhi’s retail market in a month’s time because of the severe disruption in the supply chain from Kashmir, traders at Delhi’s Azadpur Mandi, Asia’s largest wholesale market for vegetables and fruits, told ThePrint. Apples from Kashmir start coming...
More »Now, sanitary pads for Rs 1 at Jan Aushadhis -Sushmi Dey
-The Times of India NEW DELHI: With an aim to ensure women’s hygiene, the government has slashed price of sanitary napkins sold at Jan Aushadhi stores to just Re 1 per piece from Rs 2.50. The biodegradable napkins - available in a pack of four - will be sold at a subsidized price under the brand 'Suvidha' at 5,500 such stores across the country. The move assumes significance as many women, especially...
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