Search Results for: retail lending

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After onion, tomato prices skyrocketing; politicos target Modi Govt

Lucknow/ New Delhi, July 13 (ANI): Food inflation nears 10 percent with prices of vegetables like tomatoes sky rocketing in the domestic markets due to weak rainfall. Retail price of tomatoes in local markets has risen to Rupees 50 per kg and above across major cities. Politicos from rival parties assailed the Modi government over the spiraling inflation and asked for immediate remedy. Jul 13, 2014
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Delayed monsoon fuels food inflation by 10 percent

Rajkot, July 13 (ANI): Food inflation nears 10 percent with prices of vegetables like tomatoes sky rocketing in the domestic markets due to weak rainfall since the start of monsoon season, which has raised concerns of a first drought in the country in five years. The retail price of tomatoes in local markets has risen to Rupees 50 per Kg in Gujarat. A doubling in retail prices across major cities is especially troubling for staples such as onions, an ingredient that is present in just about every Indian meal. Jul 13, 2014
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Determined to bring down consumer inflation: Raghuram Rajan

Chennai, July 11 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan said that he was determined to ease consumer inflation through a combination of demand and supply management. An RBI panel in January recommended bringing consumer price index (CPI) inflation down to around eight percent by the end of January 2015 and to six percent by the end of the following year. Rajan also noted that the RBI would issue circulars regarding banks' lending for infrastructure projects. The RBI Governor also assured stability in oil price. Jul 11, 2014
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Shilpa and Raj Kundra launches _Satyug Mera Gold Plan_

Mumbai, July 9 (ANI): Bollywood actor Shilpa Shetty Kundra along with her husband Raj Kundra announced a new gold plan named _Satyug Mera Gold Plan_ by Satyug Gold, a jewelry company promoted by them, in Mumbai recently. The plan allows customers to accumulate physical gold through the benefit of _Monthly rupee average pricing_. Speaking on the occasion Shilpa said her foremost aim through this plan is to make gold affordable for everyone in the country. The plan enables customers to buy gold from just Rs.50 per day and is backed by IDBI Trusteeship as trustees of the gold and Brinks. It has no lock-in period, no storage charges, no hidden fees and it provides 24 karat gold coins on redemption. Satyug at present has seven retail outlets, and plans to increase this number to 50 nation-wide by the end of the current fiscal. Jul 9, 2014
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Top 10 Expectations from Union Budget 2014-15

With just two days to go before Finance Minister Arun Jaitley lays down the Budget for this fiscal year, here's a look at all the talk and buzz surrounding the Budget and what it is expected to bring to the table. Jul 7, 2014
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Sharp hike in food prices dampens festive spirit of Ramadan in Kashmir

Srinagar, July 05 (ANI): The sharp hike in the prices of essential commodities during the Muslim holy month of Ramadan has dampened the festive spirit in Kashmir. During the holy month, consumption of these essential commodities increases automatically as compared to other months. Another resident, Farooq Ahmad blaming the government said that the price of vegetables and fruits varies on a daily basis. Soaring prices of basic goods such as milk and potatoes lifted retail food inflation in May to 9.4 percent and there have been fears of worse to come with the delayed spread of the monsoon to the grain bowl region of northwest India. Meanwhile, Director of Consumer Affairs and Public Distribution, Bashir Ahmad Khan, said that the department is monitoring the market to check inflation. Jul 5, 2014
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