Wholesalers

  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 2013-14, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 2013-14 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • Onion prices to shoot up due to strike in wholesale markets June 17, 2014

    New Delhi: After inflation hit a five-month high at 6.01 per cent, the onion prices are threatening to shoot up in view of a strike in major wholesale markets including Lasalgaon. The Agriculture Ministry has stepped in to control the situation. Agriculture Ministry sources told CNN-IBN that officials have been...
  • April WPI inflation at two-month low of 5.2 per cent May 15, 2014

    India's wholesale prices-based inflation in April slowed to a two-month low of 5.2 per cent, helped by a moderation in food and fuel costs, government data showed on Thursday. The rise in the wholesale price index (WPI) compared with a 5.73 per cent year-on-year jump forecast by economists in a Reuters...
  • March WPI inflation hits three-month high of 5.70 per cent April 15, 2014

    New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent in March, driven up by increases in food and fuel costs, government data showed on Tuesday. The rise in the wholesale price index (WPI)compared with a 5.30 per cent jump forecast by economists in a Reuters...
  • Fire tenders run out of water while dousing major fire at wholesale market; 1 dead March 18, 2014

    A labourer was on Monday charred to death while two others sustained serious burns in a blaze at a local wholesale agricultural market, police said. According to police, items worth an estimated Rs 2 crore were also destroyed in the fire which claimed the life of Janardan, a labourer hailing from...
  • December 2013 WPI inflation down to 6.16 pc vs 7.52 pc in November February 11, 2014

    India's headline inflation eased to a five-month low of 6.16 percent in December from a 14-month high, helped by a softening in vegetable prices, government data showed on Wednesday. The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November, wholesale...
  • Nashik: Wholesale onion price crashes to Rs 7 per kg, farmers protest December 19, 2013

    Mumbai: The wholesale price of onion has fallen to as low as Rs 700 per quintal in the Nashik market of Maharashtra. Even though retail price is still higher, the sudden price crash has angered and shocked the farmers. They are now getting a mere Rs 7 per kilo of...
  • Governance deficit pushing onion prices upwards, says Tariq Anwar November 8, 2013

    Onion prices have soared mainly due to 'governance deficit' and issues related to licensing of wholesalers, Minister of State for Agriculture Tariq Anwar said. "The recent rise in prices of onion are clear case of governance deficit. If farmers get paid Rs 10 per kg, while the consumers pay anywhere between...
  • Wholesale, retail inflation up in September; rate cut hope fades October 14, 2013

    Indicating worsening of the price situation, inflation - wholesale as well as retail - went up in September because of costlier food items, especially onion and vegetables, dimming the prospects of rate cut by RBI later this month to boost the sagging economy. While the Wholesale Price Index (WPI) based inflation...
  • Onion wholesale prices down Rs 5 per kg; retail rates continue to touch sky September 24, 2013

    New Delhi: Wholesale prices of onion on Tuesday declined by Rs 5 at Rs 40-45 per kg, although retail rates continued to rule at the uncomfortable level of Rs 60-70 a kilo. Arrival of new crop of the kitchen staple from Karnataka and increase in imports led to the fall in...
  • RBI Governor Raghuram Rajan may raise policy rates yet again September 23, 2013

    Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation. Raising the repo rate by 25...
  • Onion prices: Traders, farmers make profits at the cost of the consumer September 23, 2013

    Nashik: While suppliers blamed a shortfall in production for rising onion prices, a CNN-IBN investigation has now exposed the reason behind the unprecedented crisis. While traders made huge profits by hoarding onions, farmers too added to consumer woes by holding back the produce. Th onion was never so elusive. It...
  • Inflation impact: How much Rs 100 from 1939 will be worth now August 29, 2013

    Most of us would have heard from the generations past what all they could buy for a only a rupee during their time. But with a list of inflation-altered products we couldn't always gauge their comparative worth in today's time.So we took the Wholesale Price Index based inflation figures for...
  • Inflation-adjusted 3 Idiots beats Sholay, Mughal-e-Azam, Chennai Express as Bollywood's biggest blockbuster ever August 28, 2013

    One of the many ever-raging debates in Bollywood is about which is the biggest blockbuster ever? Recent reports say it is the Shah Rukh Khan starrer Chennai Express, but old-timers insist that they haven't seen anything that mesmerised the nation since K Asif's Mughal-e-Azam. Many like me, for so long...
  • Govt approves Rs 4 crore revolving fund for onion purchase, sale August 21, 2013

    The Rajasthan government has sanctioned a revolving fund of Rs 4 crore to the state cooperative department to buy onion from wholesale market and sell it to buyers at the same price. The process has begun for procuring onion from the wholesale market and selling it to customers in district headquarters...
  • Wholesale onion prices fall by Rs 5/kg in Delhi August 19, 2013

    Wholesale onion prices on Monday fell by Rs 5 per kg in Delhi's Azadpur market to Rs 35-40 per kg due to substantial increase in supplies and the declined is expected to cool down the retail rates as well. There has been a decline of Rs 20 per kg in the...
  • Should onion exports be banned? August 13, 2013

    In trying times for household budgets, onion prices have skyrocketed sending budgets out of control. The average wholesale price of onion has more than doubled since the beginning of this month. ...
  • Onion prices reaches Rs 70 per kg, double in August alone August 13, 2013

    In trying times for household budgets, onion prices have skyrocketed sending budgets out of control. The average wholesale price of onion has more than doubled since the beginning of this month. It's selling between Rs 70 and Rs 80 rupees per kg. ...
  • Reason behind vegetable price rise crop shortage or profiteering? July 5, 2013

    New Delhi: The rising prices of vegetables across parts of the country have become a huge concern among the consumers. Early monsoons have affected the crops resulting in lesser produce, but the consumers are also flummoxed by the marked difference between wholesale and retail prices. In the national capital, even...
  • May inflation declines to 4.7 pc from 4.89 pc in April June 14, 2013

    New Delhi: The WPI-based inflation fell to 4.7 per cent in May, driven mainly by declining prices of manufactured items, even as prices of food articles inched up. Inflation based on the Wholesale Price Index (WPI) stood at 4.89 per cent in April. In May, 2012, it was 7.55...
  • April inflation slows to 4.89 pc, lowest since Nov 2009 May 14, 2013

    New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in a...
  • LBT strike: Raj Thackeray asks traders to open shops May 12, 2013

    Mumbai: Amid ongoing stand-off between traders and state government over proposed imposition of Local Body Tax (LBT), Maharashtra Navnirman Sena chief Raj Thackeray on Sunday asked traders to not hold common people to ransom and open their shops. In a press statement issued in Mumbai, Raj said that LBT, to be...
  • Chavan asks Cong leaders to clear misconceptions over LBT May 12, 2013

    Mumbai: Perturbed by strident opposition to imposition of Local Body Tax (LBT) in Mumbai and some municipal corporations from October 1, Maharashtra Chief Minister Prithviraj Chavan on Sunday asked Congress leaders to "clear misconceptions" pertaining to the levy. "The chief minister asked state Congress leaders, including MPCC chief Manikrao Thakre and...
  • Maharashtra: Wholesalers to continue strike against LBT May 12, 2013

    Mumbai: Wholesalers in the city would continue to observe bandh against the local body tax (LBT) even as associations representing retailers called off their strike on Saturday. "Despite a section of the retailers calling off the strike, wholesalers' strike against LBT will continue," Federation of Associations of Maharashtra President Mohan Gurnani...
  • Wholesalers call for indefinite strike in Maharashtra May 6, 2013

    More than five lakh wholesalers in Maharashtra have called for an indefinite strike starting from Monday. The strike comes in proetst against the Local Body Tax. The retailers claim that Maharashtra is the only state that has a tax in addition to VAT. ...
  • Retail inflation declines to 10.39 pc in March April 12, 2013

    New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit...
  • December WPI inflation eases to 7.18 per cent January 14, 2013

    New Delhi: India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later in January to boost an economy that is set to post its slowest growth in a decade. The wholesale price index (WPI), India's main inflation indicator,...
  • Lawmakers release documents on Wal-Mart bribery January 11, 2013

    New York: Lawmakers are making public emails that show that Wal-Mart Stores Inc's cheif executive officer found out in 2005 that the retailer was handing out bribes in Mexico. Democratic Congressmen Elijah E Cummings and Henry A Waxman, who are investigating bribery charges at Wal-Mart's Mexico division, on Friday released...
  • Mumbai traders call for shutdown, Sena says no bandh November 19, 2012

    Mumbai: Shiv Sena on Sunday said that the party has not called any bandh in Maharashtra on Monday in lieu of Bal Thackeray's demise. Uddhav Thackeray's personal secretary Milind Narvekar said that Shiv Sena has not called a bandh either in Maharashtra or in Mumbai on Monday. However, Federation of...