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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...

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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...

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Less cash economy fails? Currency in circulation zooms 17% in FY19

-PTI Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019. Mumbai: Despite many an effort to shift to digital payments and usher in a ‘less cash’ economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its...

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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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Govt to boost onion supply from buffer stock, asks police to take action against hoarders

-PTI The Retail price of onion in Delhi ranges between Rs 30 and 40 per kg. The government on Friday said it will sell onion, pulses and edible oil in the open market from its buffer stocks and take immediate action against hoarders creating artificial shortages. The Retail price of onion in Delhi ranges between Rs 30 and 40 per kg. The wholesale price in the benchmark Lasalgaon mandi in Maharashtra was recorded...

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