-The Hindu Business Line The numbers may look good but the consumer’s monthly budget hasn’t eased up. Here are four reasons why the common man has no respite from inflation It’s official! Inflation is down. The wholesale price inflation has been in negative territory for the last eight months. CPI, the consumer price-based inflation, has also dropped, from 8-8.5 per cent in the beginning of 2014 to sub-5 per cent now. Inflation...
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Veggies are cheaper, tomato cheapest but onions as costly -BB Nayak
-The Times of India MUMBAI: A glut of fresh produce has brought down vegetable prices all over the city. Prices of lady's finger and beans dropped to Rs 40 a kg from Rs 60 while that of cabbage dipped to Rs 20 from Rs 30 in the retail market. The biggest drop is seen in the price of tomatoes, which now sell at Rs 18 a kg, down from last week's Rs...
More »Monsoon deficient by 9% so far, uneven spread a worry -Zia Haq
-Hindustan Times India’s June-September monsoon has been deficient so far and quite uneven in its spread, with the rain-bearing system entering a phase that will largely determine whether the country can escape a drought for the first time in six years. Overall, rains have been 9% lower than normal, with sharper deficits in some areas. Rainfall during August-September, the remaining two months of the rainy season, would be poor at 84%, the...
More »How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Veggies off the menu as prices go through roof
-The Times of India NEW DELHI: Green vegetables are fast vanishing from the dining tables in Delhi's average household because of skyrocketing prices in the market. On an average, traders say, there has been a 10%-20% increase in wholesale prices of onions, potatoes, tomatoes and green leafy vegetables in the mandis, while in retail market the increase is anywhere between 50%-150%. Metha Ram Kriplani, president, Chamber of Azadpur Fruit and Vegetable Traders, said...
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