-PTI Inflation during the current festive season is impacting the rich more than poor as the goods used by them have seen a higher price rise a report by a industry body said. "The impact of price rise as measured by the Wholesale Price Index (WPI) is found higher on rich class at around 9.3 per cent as compared with the poor class at around 8.4 per cent," PHD Chamber of Commerce...
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Wholesale vegetable prices in Sept. surge by 89 pc: ASSOCHAM
-PTI Wholesale vegetable prices in September this year increased by a whopping 89.37 per cent as compared to last year, an industry body said on Monday. The comparative rise observed at the consumer price index (CPI) basis vegetable prices was 34.93 per cent, Associated Chambers of Commerce and Industry (ASSOCHAM) said in a study. "Wholesale vegetable prices increased by 89.37 per cent in September, 2013 as compared to the same month last...
More »Onions at Rs 20/kg? Not so far-fetched; Building buffer & imports can make them cheap-Ashok Gulati
-The Economic Times If I say today that I am ready to supply onions, in an improvised form, at Rs 20/kg home delivered, and round the year, people may think either I have gone crazy or I am dipping into the general exchequer to pull off a massive subsidy scheme for onions. Wrong. I will make a cool profit of 15 to 20% in this deal, do a great service to...
More »Afghan onions fail to bring down price; Delhi team in Maharashtra to buy onions
-PTI CHANDIGARH/PUNE: Arrivals of onion from Afghanistan have failed to bring down retail prices of onion in Punjab as it continued to remain high, with traders citing poor quality coupled with low arrivals. In the wake of skyrocketing prices of onion in India, Punjab traders have been importing onion from Afghanistan via Attari-Wagah land route. Daily 3-5 trucks laden with onion are crossing over to India, traders said. "There is not much onion...
More »Nomura says slowing rural wages should bring inflation down
-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...
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