People in the know said plans were afoot to begin the sale of all food grains through online, with a major quantity through auctions that would be later extended to other commodities.
Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month. Inflation in potato was (-) 24.27 per cent, against (-) 23.36 per cent in May.
Price of potato, a daily consumable vegetable, rose 58.78 per cent during the month
'Our stomachs, accustomed now only to the blandness of stems and leaves, rumbled at unaccustomed aromas not intended for our consumption.' 'Heaven awaited on a platter -- but not for us,' sighs Kishore Singh.
Since 2013, the 'Prison Inside Me' facility in northeast Hongcheon has hosted more than 2,000 inmates, many of them stressed office workers and students.
According to data released by the government, prices of potatoes declined by 12.66 per cent year-on-year, while pulses fell by 5.02 per cent, onions by 3.64 per cent and wheat by 2.06 per cent.
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This is the second consecutive week when food inflation has declined. On annual basis, potato prices eased by 49.69 per cent and onions became cheaper by 6.93 per cent.
Preetha Chaudhury, 58 from Mulund, Mumbai tells us how she, along with the help and support of her housing society is taking extra care to make the lockdown effective.
Defence PRO said that the forces have managed to restore normalcy in the areas they were deployed and have been continuously working to aid the civil administration.
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We're an educated family, I said, let's not act like the mindless hordes who spread misinformation over WhatsApp, says Kishore Singh.
Annual food inflation fell for the second straight week, to 10.05 per cent for the week ended August 14, as prices of vegetables like potato and onion declined.
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The region witnessed a bumper potato crop of 9.5 million tonnes -- 73 per cent higher than last year's production. Wholesale prices in Kolkata crashed to Rs 300 a quintal. Retail prices, too, dropped to Rs 6-8 a kg. Farmers were forced to sell their produce at Rs 3-3.50 a kg, almost half of last year's price.
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"There are 12,000 farmers doing contract farming of potato for us involving 16,000 acres of land," executive vice president of PepsiCo Holdings (agro-business) Nischint Bhatia told PTI.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
The wholesale price-based food inflation rose for the fourth consecutive week. In the previous week it stood at 17.94 per cent.
The rate of price rise of food items was 12.92 per cent in the previous week ended June 19.
This is the second week in a row that food inflation has increased, after easing for three successive weeks.
For the week ending January 2, food inflation (prices of non-processed food articles) stood at 17.28 per cent.
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Food inflation softened to 18.22 per cent as of the week ended December 26, although potato and pulses continued to cost high. The wholesale price based inflation was 19.83 per cent in the previous week.
Potato prices remained high recording an increase of 115 per cent on a year-on-year basis, followed by pulses whose prices jumped by 41.61 per cent. Vegetables as a whole turned expensive by 37.97 per cent.
Sabyasachi Dutta, managing director, Vidatec India, tells us how he spent 40 days under lockdown.
Mukesh Ambani is stringing in new partnerships within the Reliance ecosystem with the best in global business -- from Facebook, Google and Microsoft to umpteen sovereign wealth funds and a soon-to-be-declared strategic partner in a big global retailer, notes Shailesh Dobhal.
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