-IPA News Service/Newsclick.in Time is ripe to do away with every central cess on petroleum products and reject the government’s narrative that the poor are hurt less by higher prices than the rich. The country is in the grip of an inflationary spiral resulting in a galloping price rise of all essential goods used by people. This crushing price burden is making life exceedingly difficult for the rural and urban poor. The retail...
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Average retail price of atta up 13% from last year
-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
More »Is the govt. doing enough for the Jan Aushadhi scheme?
On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...
More »Pocket pinch: Editorial on price rise
-The Telegraph The BJP’s nationalism would have been credible if it had a humane, inclusive face The prime minister has assured his legion of admirers that India’s stature is rising in the global order. The countrymen, however, can spot only one thing that is on an unprecedented rise: the price of essential commodities. On Tuesday, the price of diesel scored a century in Bengal, much like petrol that is already burning a...
More »Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here?
-TheWire.in A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day. New Delhi: Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel. For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs...
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