Price Hike

Indian fear that food prices, utilities, household shopping, fuel, and going out are all likely to become more expensive next year: Ipsos Cost of Living report

Sugar industry body ISMA has demanded that the minimum selling price (MSP) of the sweetener should be increased to Rs 39.14 per kg from the current Rs 31 per kg as millers are facing losses due to high production cost. In a statement on Tuesday, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) called for an increase in the Minimum Sale Price (MSP) of sugar, which has remained unchanged at Rs 31 per kg since February 2019. During this period, it said the Fair and Remunerative Price (FRP) of sugarcane has increased five times, with the FRP now standing at Rs 340 per quintal for the 202425 sugar season. Under the Sugar Price (Control) Order of 2018, MSP determination should account for FRP levels, but the current MSP fails to reflect these rising costs. "As sugar contributes over 85 per cent of the industry's revenue, ISMA stresses that the ex-mill price of sugar must be sufficient to cover cane purchase costs and support financial viability," it said. Present ex-mill

Zomato has communicated that its festive season hike is temporary, whereas Swiggy has not offered any such clarification

Governor Ueda has said the BOJ can afford to spend time scrutinising the fallout from US economic uncertainty in judging whether to hike rages

His public backing of crypto undoubtedly boosted investor optimism. The price of Bitcoin surged to almost US$70,000 on July 29, its highest level in more than six weeks, before dropping to US$62,000

"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call

Temporary shutdown of operations at pollution under control certificate (PUCC) centres in Delhi has been resolved. Further revisions by the transport department under consideration

Those who couldn't buy fresh vegetables would smash open an onion, sprinkle salt and eat it with a roti. But even those days are gone with the humble onion just too expensive, says vegetable vendor Imad Khan, recalling the staple image of the poor in India. About 10 km from the Sahibabad Sabzi Mandi in Ghaziabad where Khan sets up shop, homemaker Poonam Singh in Delhi's Mayur Vihar has not put tomatoes in any dish for almost a month, taking away an essential ingredient from her cooking. Khan and Singh may be at different points on the socio-economic spectrum but sit on the same side of a graph that has put everyday vegetables out of the reach of many in Delhi-NCR. While restaurateurs and home catering businesses are looking at how to absorb the extra costs and wondering whether they should hike their rates, home cooks are going for alternatives or just doing without. How can one make almost anything without onions, tomatoes or potatoes? Not that other vegetables are any cheaper, b

Onion, tomato, and potato prices these days continue to rise across wholesale and retail markets. Recently, a Gurgaon resident took to X to express his shock on the Dhaniya price on Zepto

After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs. Mahanagar Gas Ltd, which retails CNG to automobiles and piped natural gas to households for cooking purposes in Mumbai and surrounding cities, said the increased prices will come into effect from the intervening night of July 8 and 9. "To meet the increasing volume of CNG and domestic piped natural gas (PNG) segments and due to further shortfall in domestic gas allocation, MGL is sourcing additional market priced natural gas (imported LNG) which has resulted in higher gas cost," the firm said in a statement. To "partially offset the increase in gas cost", MGL has increased the delivered price of CNG by Rs 1.50 per kg and domestic PNG by Re 1 per standard cubic meter in and around Mumbai. Accordingly, the revised delivered prices inclusive of all taxes of CNG will be Rs 75 per kg and domestic PNG price will be Rs 48 per scm in and around .

There are still ways for customers to avoid the full impact of the tariff increases

Leading telecom operators are targeting users with 365-day plans priced between Rs 2,545 and Rs 3,099 through aggressive in-app promotions

Reliance Jio and Airtel have hiked tariffs by 10% to 25% following a subdued response to the recent government spectrum auction

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

The opposition BJP in Karnataka on Monday staged a statewide demonstration against the hike in petrol and diesel prices. The Karnataka government on Saturday hiked sales tax on fuel, which will make petrol and diesel costlier. Petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre. The agitation took place at all the district headquarters of the state. In Bengaluru, BJP state president B Y Vijayendra led the agitation. He said the protest has been organised against the anti-people stand of the Congress government in Karnataka. He charged that the hike in petrol and diesel prices will have a direct impact on all the sectors. Due to the five guarantees, the state government was in a big financial burden. As a result, lot of development work had come to a halt, he said. "The government realised that stopping the guarantees would result in public outrage. To continue these guarantees, the government did not have money, so it hiked the petrol and diesel prices,"

Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation

Cabs and other commercial vehicles were subjected to an entry fee of Rs 150 for up to seven minutes, and after seven minutes, the fee would have increased to Rs 300

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

Prime Minister Narendra Modi on Thursday underlined his government's commitment to fulfilling its pledge for the welfare of farmers, asserting that a "historic" hike in sugarcane's price is part of such efforts. This will benefit crores of sugarcane farmers, he said in a series of posts on X, highlighting several decisions taken by the Union Cabinet on Wednesday. The Cabinet meeting headed by Modi hiked the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. An official statement had said after the decision, "The new FRP will ensure prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that the government is ensuring the world's cheapest sugar to domestic consumers." Reacting to other Cabinet decisions, he said the step taken by it relating to the National Livestock Mission will bring exciting opportunities for entrepreneurs

PepsiCo and other retailers are now facing some resistance to the multiple price hikes undertaken since the pandemic to fend off higher costs caused by supply chain disruptions