News Analysis India

Tag: inflation

  • Madhya Pradesh Minister Om Prakash Sakhlecha on inflation: no problems in life, no joy

    By PTI
    CHHATARPUR: Putting a philosophical spin on inflation, Madhya Pradesh minister Om Prakash Sakhlecha said here on Saturday that without problems, happiness in life can not be savored.

    “In life, problems give us the idea of happiness. If there is no problem, there is no sense of happiness,” said Sankhlecha, the minister for MSME, Science and Technology.

    He was replying to a question by reporters about people facing the pain of rising prices of fuel and other essential commodities after going through the second wave of the coronavirus pandemic.

    When asked if price rise was a failure of the Narendra Modi government at the Centre, Sakhlecha said, “This could be the thinking of people like you who are spreading rumors.”

    The Congress took 40 years to administer polio vaccine but Modi had COVID-19 vaccine manufactured and administered across the country within a year, he said.

    Sakhlecha, who is minister in-charge of Chhatarpur district, was here to participate in a few programs.

  • Will continue to protest against rising inflation, high prices of petroleum products: Congress

    Congress leader Deepinder Hooda said the entire country, including farmers, are suffering due to the price rise and inflation.

  • Petrol crosses Rs 86 and diesel Rs 84 in Raipur

    Taking the sarcasm at inflation, in 2010, the song ‘Sajna khubai khaat hai, inflation witch khain hai hai …’ was on everyone’s tongue. Once again inflation has opened its mouth. Petrol, diesel and LPG prices are skyrocketing. People’s budget has started deteriorating.

    Transporters have also indicated to increase freight in view of inflation. Soon the list of increased fares will be released. In the general budget, relief has been given to many sections including traders and entrepreneurs. But rising petrol and diesel prices have increased BP.

    People started cursing the government as soon as the budget of the house deteriorated due to inflation witch. Gas prices have also increased. The impact of the international market is being attributed to the increase in the price of petrol and diesel. Some are blaming the international market and some are cursing the policies of the central government.

  • Domestic Electricity Consumers saved Rs 1645 crore during the time of inflation

    Chhattisgarh Government’s Half Electricity Bill Scheme has brought relief to lakhs of consumers during inflation. Under the leadership of Chief Minister Mr. Bhupesh Baghel, State Government has provided domestic subsidy of Rs 1645 crore to 38 lakh 68 thousand 462 electricity consumers under this scheme. In other words, people have directly saved Rs 1645 crore. 

    It is noteworthy that many schemes are being conducted in Chhattisgarh to provide electricity supply at concessional rates to farmers and poor families. In March 2019, the new government launched a new scheme for domestic electricity consumers ‘Half Electricity Bill Scheme’, under which 50% concession is given to the domestic consumers on consumption of upto 400 units of electricity. 

  • After Maruti and Ford, MG Motor has now decided to increase the price of vehicles, this percentage will be increased from January.

    Car manufacturer companies in the country are deciding to increase their prices in the new year. In such a situation, if you want to buy a car, buy it soon, because in the year 2021, car manufacturer companies are going to increase their prices. First Maruti Suzuki India decided to increase the price of the car. After this, Ford India also made the same announcement. After this, the latest name of MG Motor India is being included in this list.

    On Friday, the company says that the company is going to increase the price of its cars from January onwards due to the increased cost for producing vehicles. If you want to buy MG Motor India car from January 2021, now you have to pay 3 percent more price for it. See, the company has not increased the price much. But it is going to have a great impact on customers. Because the corona virus has already shut down the occupations of people, even a little inflation can affect customers’ pockets.

  • 4 Of 5 Pakistanis Think Country Headed In Wrong Direction; Survey Exposes Imran Khan Govt

    According to the latest survey by research company IPSOS, four out of every five persons in PM Imran Khan-led Pakistan view that the country is headed in the wrong direction. Citing the report that was released on Tuesday, The News International reported that only 23% of people believe that the country is moving towards the right direction and 77% believe otherwise. More than 1,000 people from all over the country participated in the survey which was conducted between December 1 and December 6, 2020.

    In 2019, in the fourth quarter, 21% of people believed that the country was headed on the right track, while 79% had a contrasting opinion. This year, 36% of people said that their current personal financial situation is weak, 13% characterised it as strong and 51% said it is neither strong nor weak, The News International said. Meanwhile, on province-wise assessment, the report found that a “poor financial situation” featured in almost all the provinces and inflation ranked number 1 among the list of top 4 contributors to the desperate situation.

  • Wholesale price-based inflation at 1.55 pc in November, against 1.48 pc in previous month: Govt data

    The rate of inflation, based on monthly Wholesale Price Index, stood at 1.55% (provisional) for the month of November, 2020 (over November, 2019) as compared to 0.58% during the corresponding month of the previous year, said Ministry of Commerce & Industry.

    In October, it was 1.48 per cent — marking an eight-month high as manufactured products turned costlier. However, food inflation for November decreased to 4.27 per cent compared to 5.78 per cent in October, data released by the government on Monday showed.

    The food index consisting of food articles from primary articles group and food product from manufactured products group fell from 159.3 in October to 158.9 in November.

    Primary articles inflation was at 2.72 per cent from 4.74 per cent in October. Manufactured products inflation was at 2.97 per cent as compared to 2.12 per cent in October.

    Fuel and power inflation was at minus 9.87 per cent as compared to minus 10.95 per cent in October.