Launching a strong attack on the Centre over a hike in commodities prices, Congress on Sunday demanded the government to slash the prices of petrol and diesel by 35 per cent.
Owing to the sharp increase in electricity and Liquefied Petroleum Gas prices, the short-term inflation witnessed an year-on-year surge of 29.21 percent for the week ending on July 26, according to the official data release on Friday, reported Dawn.
The fertilizer review committee (FRC), a body that monitors the availability and prices of fertilizers, in its recent report warned that the country could face a shortfall of urea in the ongoing Kharif season, as well as the upcoming Rabi season.
Israel’s Ministry of Communications published a legal memorandum for the regulation of broadcasting that it said will encourage the establishment of new channels and lower the prices of multichannel television in the country
IMF’s Chief Economist and Director Pierre-Olivier Gourinchas has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility on food prices in the rest of the world.
The retail price of one kg paneer, which was Rs 450, now goes up to Rs 550 starting today. For 500 gm and 200 gm, the prices have been raised from Rs 250 to Rs 300 and Rs 100 to Rs 120, respectively.
Even though Pakistan has been able to secure an International Monetary Fund (IMF) bailout, the road ahead is not going to be easy, as after electricity rates, Islamabad is planning to jack up gas prices as well by over 45 per cent in line with IMF's demand
The government’s agricultural marketing company National Cooperative Consumers Federation of India Ltd (NCCF) on Monday began selling tomatoes at the subsidised rate of Rs 70 per kilogram through the Open Network for Digital Commerce (ONDC).
The Solvent Extractors' Association of India, the apex industry body for edible oils, once again urged its members to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers.
Shukla said, "If tomatoes are expensive, people should grow them at home. If you stop eating tomatoes, the prices will inevitably come down. You can also eat lemon instead of tomato. If nobody is eating tomatoes, the prices will come down".
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country's currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported.