Search Results for: oil prices

iraq-crisis-and-el-nino-effect-further-the-inflation-rate-govt-should-work-to-curb-it-market-exper

Iraq Crisis and El Nino Effect further the inflation rate, govt should work to curb it: Market Exper

New Delhi, June 20 (ANI): Talking about the increasing inflation rate, Market Expert Akash Jindal said that the ongoing Iraq crisis and the El Nino effect has further the inflation rate to this high. He also said that government should work to curb the same and free the people from the impact of the same. Jindal said that the prices of crude oil will increase due to situations in Iraq following which other food items and articles will also get costlier. He also said that government should try and stop hoarding and black marketing and therefore try to minimize the impact of these problems soon. Jun 20, 2014
inflation-strokes-public-anger-once-again-politicos-react

Inflation strokes public anger once again, politicos react

New Delhi, June 18 (ANI): Even as the BJP led NDA government is trying to tackle inflation that is stroking public anger over rising prices at local food markets, politicos on Wednesday slammed the BJP and said that they should come up with some new ideas to tackle the problem and not just do what its predecessors used to do. BJP led NDA government on Tuesday imposed export restrictions on certain farm commodities and ordered a crackdown on hoarding to control rising food prices, a day after wholesale price inflation hit a five-month high. Jun 18, 2014
india-reintroduces-onion-export-price-to-help-curb-inflation

India reintroduces onion export price to help curb inflation

New Delhi/Chandigarh, June 18 (ANI): India on Tuesday set a minimum export price for onions of $300 per tonne to discourage overseas shipments amid an inflation scare that threatens to stoke public anger over rising prices at local food markets. Prime Minister Narendra Modi has made tackling inflation as his top priority after widespread resentment about rising prices contributed to the exit of the previous government last month. After wholesale price inflation accelerated to a five-month high in May, the new government imposed the price rule on onions three months after the previous administration withdrew it. After a meeting with the representatives of various ministries on Tuesday, he said certain measures have been advised to the states to crackdown on hoarders. Meanwhile, to help the farmers he added that government had advised states to de-list fruits and vegetables so that farmers can save on the middle man's commission. Jun 18, 2014
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Shift in China's policy to hit Indian cotton and yarn exports

Coimbatore, June 18 (ANI): Indian raw cotton exports are expected to plummet around 20 percent in the next crop year, with demand from China fading as Beijing unwinds a controversial stockpiling scheme. That would be greater than the nearly 6 percent drop touted for this year, with the change in Chinese policy coming on top of rising cotton consumption in India and a spurt in exports of finished yarn. Cotton markets around the world have been watching closely as China abandons a stockpiling scheme under which it has amassed more than 10 million tonnes of the fibre - around 60 percent of global cotton inventories. The policy had driven up import demand by removing cotton from the domestic market and pushing up local prices. Jun 18, 2014
onion-prices-rise-in-maharashtra

Onion prices rise in Maharashtra

Nagpur/ Mumbai / New Delhi/ Chandigarh, June 17 (ANI): Onion prices were increased across Maharashtra on Tuesday in wake of labourers' strike over a wage hike demand in the biggest wholesale market in Nashik city. The states of Maharashtra and Karnataka account for 45 per cent of onion produce in the country and if supplied from these two key states are hit, onion prices tend to spiral. The central government has asked the state government to sort out the issue. However, the northern Indian onion market remained untouched due to the timely arrival of crops from the neighbouring Rajasthan. Jun 17, 2014
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