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India eats 1.2 million tonnes of onions a month and the current stock will last till the end of August.
Retail prices across the country continued to be at Rs 80 a kg.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Increased harvesting is expected to boost supply
In the third of a six-part series, Business Standard travels through diamond and textile units in Surat to assess the impact of demonetisation.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
'Modi came out with this huge announcement that he has given a historic price rise to farmers.' 'It was actually a fake price. He did not give the price mentioned in the BJP's election manifesto.' 'So, Modi gave an incomplete price rise and publicised it as if he has completed his job.' ''This government has surely proved that it does not care about farmers in any way.'
Congress party in Maharashtra has its hopes pinned on a 'newly recharged' vice-president Rahul Gandhi for its revival.
For the second successive year, Monsoon is likely to be below normal with parts of north-west and central India to be the most affected.
Sowing up 400%; prices may be low in 2014 as Maharashtra, MP and Bengal also likely to increase acreage 15-20%.
The opposition Congress and the Nationalist Congress Party, however, said on Thursday the Fadnavis government was not serious in addressing the situation and the belated move was only meant to avoid judicial action.
Yield loss due to natural calamity is calculated based on field reports and assessment of crop-cutting experiments by district and block agriculture officers.
Onion prices have increased 150% over the last few months
Onion supply to the city, which comes from Maharashtra, Rajasthan and Madhya Pradesh, is normal at 12,000 quintals in Azadpur, Asia's largest wholesale market, it added.
Movements in gold prices will depend on the US' interest rates.
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
The IMD came out with a dismaying prediction.
RBI is expected to discuss about the impact of GST in its monetary policy.
"Crores of Muslim women had always demanded that triple talaq should be banned, as it is also banned in Islamic countries," he said.
'These three commodities have been chosen very well.' 'It is up to the state governments and central government to see how it is implemented.' 'The government has to do some hand-holding.'
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
The highest farmer suicides have been reported from Beed district
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
Prime Minister Narendra Modi on Sunday said awareness about it should be spread across the country so that at least 50 per cent of the farmers join it within two years.
Companies are sending representatives to Bihar, UP, Jharkhand and Odisha to persuade workers to join them.
In the second of a six-part series, Sanjay Jog of Business Standard walks across the streets of Indore to find out how it has been hit by demonetisation.
What are the most worrisome aspects of climate change for India? Can they be solved?
Banks and realty among the most hit on account of high borrowing costs.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
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