Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
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New consumption survey to track online expenses in bid to capture real economic picture - Ishaan Gera
Economic Times Call it the next-gen consumption survey. The ongoing government consumption survey is going beyond asking what you eat, what you wear, and what you own; it also wants to know your OTT subscription spend, the time you spend online, how often you shop online, whether you order meals from Zomato or Swiggy, and if you own an electric vehicle. India's Household Consumption Expenditure Survey (HCES) will now include questions on...
More »Monsoon 2023 to be below normal amid El Nino threat, forecasts Skymet - Economic Times
Private weather forecaster Skymet expects the upcoming June-September monsoon to be 'below normal' to the tune of 94% of the long period average (LPA), raising concerns about food grain production in the country. In January, Skymet had forecast the monsoon 2023 to be sub-par and now retains the same outlook. "Courtesy Triple-Dip-La Nina, southwest monsoon observed above normal/normal rainfall for the last four consecutive seasons. Now, La Nina has ended. Likelihood...
More »Milk Prices to Remain Firm this Summer, RBI Governor - Economic Times
Milk prices are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain firm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...
More »Demand for work under NREGS hits 8-month high - Economic Times
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) inched up in February to scale an eight-month high, after a month-on-month fall in January, reflecting an uneven recovery in broader economic activities. According to rural development ministry data, 26.3 million individuals opted for work under the scheme in February, up 1.7% from the previous month. Demand for the work came from 21.2 million households, recording a 2.4%...
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