Dilip Kumar Jha

All stories by Dilip Kumar Jha

Trade war pushes gold futures to record high

Trade war pushes gold futures to record high

Rediff.com26 Aug 2019

Since the Union Budget, gold has become costlier by 8-9 per cent because of a 2.5 per cent increase in import duty to 12.5 per cent and about a 5 per cent depreciation in the rupee.

As supply slumps, onions prices rise by up to 76%

As supply slumps, onions prices rise by up to 76%

Rediff.com22 Aug 2019

The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.

Customers hope for windfall, put off selling old gold

Customers hope for windfall, put off selling old gold

Rediff.com15 Aug 2019

Forecasts of a further rise in bullion prices keep Indians away from selling gold.

Why vegetable prices are going through the roof

Why vegetable prices are going through the roof

Rediff.com13 Aug 2019

Vegetable arrivals at mandis, especially in Maharashtra, have declined by more than 50 per cent since the beginning of the month.

Why jewellers are returning to the unorganized sector

Why jewellers are returning to the unorganized sector

Rediff.com7 Aug 2019

They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.

As prices hit 7-year-high, Indians sell record amount of old gold

As prices hit 7-year-high, Indians sell record amount of old gold

Rediff.com2 Aug 2019

Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.

Non-basmati rice export falls after govt withdraws tax sops

Non-basmati rice export falls after govt withdraws tax sops

Rediff.com30 Jul 2019

In order to help farmers, the government has increased minimum support price for the last several years. This has made Indian rice uncompetitive for exports.

Monsoon delay puts pressure on margin of agri input cos

Monsoon delay puts pressure on margin of agri input cos

Rediff.com26 Jul 2019

With monsoon rainfall 16% below the long-period average, total sowing area is down by 7% at 56.7 million hectares so far this season.

Vegetable prices soar over supply shortage

Vegetable prices soar over supply shortage

Rediff.com19 Jul 2019

Deficient rains in west, flooding in north play havoc with crop cycles.

Bring on the biryani, basmati rice is cheaper by 12%

Bring on the biryani, basmati rice is cheaper by 12%

Rediff.com16 Jul 2019

With satisfactory progress of monsoon rainfalls prompting farmers to bring in additional area under basmati sowing, prices are set to fall lower going forward.

How NBFC crisis has hit India's textile industry

How NBFC crisis has hit India's textile industry

Rediff.com12 Jul 2019

Large retailers are allegedly importing apparel made of Chinese fabric from Bangladesh at nil duty, under our free trade agreement with the latter country. However, the same agreement does not permit duty-free export from here.

Gold soars by Rs 600 in Mumbai's Zaveri Bazar

Gold soars by Rs 600 in Mumbai's Zaveri Bazar

Rediff.com4 Jul 2019

Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.

Gold jumps on US Fed's interest rate cut signal

Gold jumps on US Fed's interest rate cut signal

Rediff.com21 Jun 2019

Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.

Tur dal price on rise yet again

Tur dal price on rise yet again

Rediff.com19 Jun 2019

At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.

Why your household budget will go through the roof

Why your household budget will go through the roof

Rediff.com12 Jun 2019

Farmers in Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana anticipate a sharp decline in vegetable output this year, due to sustained declines in the water table after consecutive years of below-average rain. Prices of vegetables are expected to stay high for the next four to six weeks.

Now, get ready to shell out more for potatoes

Now, get ready to shell out more for potatoes

Rediff.com22 Apr 2019

Large stocks were ruined in transit due to thunderstorm and rainfalls in the north and the north-east states, resulting in fewer kilos of potatoes at mandis.

Jewellers re-start monthly deposit schemes

Jewellers re-start monthly deposit schemes

Rediff.com29 Mar 2019

Jewellers initially feared the ban applied on them, too. However, after discontinuing their monthly schemes for almost two weeks, they've started accepting deposits again.

Jewellers give up on machines, go back to handcrafted designs

Jewellers give up on machines, go back to handcrafted designs

Rediff.com25 Feb 2019

As the shift from hand-crafted to machine-made ornaments did not serve the purpose, with neither the cost of machine-made jewellery declining nor jewellers finding innovative designs, the industry goes back to 'hand-crafted' ornaments for both domestic and overseas buyers, reports Dilip Kumar Jha.

As gold hits all-time high, jewellery sales drop sharply

As gold hits all-time high, jewellery sales drop sharply

Rediff.com21 Feb 2019

Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.

As onion prices near 2-year low, farmers want MSP fixed at Rs 8.5/kg

As onion prices near 2-year low, farmers want MSP fixed at Rs 8.5/kg

Rediff.com6 Feb 2019

In the retail markets, fresh onion is sold between Rs 10 and Rs 12 a kg. Now, farmers have to sell onion at a loss of Rs 2-3 per kg if transport cost is included.

Budget 2019 is likely to bring good news for farmers

Budget 2019 is likely to bring good news for farmers

Rediff.com24 Jan 2019

Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.

Why gold has lost its lustre this wedding season

Why gold has lost its lustre this wedding season

Rediff.com23 Jan 2019

Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold

US, China trade war sweetens India's grape export plans

US, China trade war sweetens India's grape export plans

Rediff.com4 Jan 2019

But Down Under is a tough call due to shipment time and quality control issues.

After a long lull, milk prices set to rise by Rs 2-4 a litre

After a long lull, milk prices set to rise by Rs 2-4 a litre

Rediff.com3 Jan 2019

Prices of milk and derivatives such as cheese, butter, curd and skimmed milk powder were subdued for two years, on a supply surplus.

Jewellers go hi-tech to boost sales

Jewellers go hi-tech to boost sales

Rediff.com29 Dec 2018

Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.

13 UP distilleries to shut down for 3 months during Ardh Kumbh

13 UP distilleries to shut down for 3 months during Ardh Kumbh

Rediff.com30 Nov 2018

'The government is of the view that distilleries around Hapur and Bijnor would pollute groundwater in the vicinity and its spill over into the sacred Ganga. Hence, we are looking to close these distilleries to prevent them from discharging water into the open area,' said a senior UP government official.

Why apples have suddenly become so expensive

Why apples have suddenly become so expensive

Rediff.com15 Nov 2018

Trading for long around Rs 75 a kg in Himachal Pradesh, they have risen in a week to Rs 90 a kg. In Jammu & Kashmir, it has gone from Rs 45 a kg a week before to Rs 55 a kg

India's jewellery business has lost its lustre

India's jewellery business has lost its lustre

Rediff.com14 Nov 2018

There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.

Why Dhanteras saw brisk sale of gold jewellery

Why Dhanteras saw brisk sale of gold jewellery

Rediff.com6 Nov 2018

Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm

Why APMC traders are upset with the Maharashtra govt

Why APMC traders are upset with the Maharashtra govt

Rediff.com1 Nov 2018

On October 25, the government issued an ordinance on the denotification. Earlier, in July 2016, it had denotified fruits and vegetables, thereby allowing farmers to sell these to buyers within or outside APMC yards, as they chose

Why NSE entered gold and silver futures

Why NSE entered gold and silver futures

Rediff.com26 Oct 2018

'We have entered the commodity space with a long-term view.'

Why India is staring at 10-15% decline in textile production

Why India is staring at 10-15% decline in textile production

Rediff.com19 Oct 2018

The country's textile industry is concentrated in a few pockets of Gujarat and Maharashtra in the west and Tamil Nadu and Karnataka in the south.

MSP hike may hit India's farm exports

MSP hike may hit India's farm exports

Rediff.com16 Jul 2018

'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'

Why your family jeweller is losing the battle to big brands

Why your family jeweller is losing the battle to big brands

Rediff.com7 Jul 2018

Here's why consumers are shifting to large brands.

Farmers plan to stop supply of milk in Maharashtra from July 16

Farmers plan to stop supply of milk in Maharashtra from July 16

Rediff.com6 Jul 2018

Dairy companies in the organised sector are yet to state their stance on the proposed stir

A win-win for traders, brokerages and exchanges

A win-win for traders, brokerages and exchanges

Rediff.com2 Jul 2018

With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.

Truckers' strike: Commodity supply disrupted, onion zooms

Truckers' strike: Commodity supply disrupted, onion zooms

Rediff.com19 Jun 2018

However, truckers have spared other vegetables, fruits, fuel and milk from the strike.

Cotton farmers may shift to soybean this kharif season

Cotton farmers may shift to soybean this kharif season

Rediff.com3 May 2018

Soybean is trading at a 25 per cent premium to the MSP, after initially slipping below the government's threshold procurement price of Rs 2,850 a quintal.

Despite spike in price, Akshaya Tritiya sees brisk gold buying

Despite spike in price, Akshaya Tritiya sees brisk gold buying

Rediff.com19 Apr 2018

Gold sales were reported at 40 tonnes last year; this might have been surpassed this year.

As yields drop, Mango lovers will have to pay a higher price this year

As yields drop, Mango lovers will have to pay a higher price this year

Rediff.com18 Apr 2018

While the mango season started with the Alphonso variety trading at Rs 18 a kg (model price), it jumped to Rs 30 a kg at the wholesale Vashi mandi.

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