India's retail inflation in July rose to 7.44%, its highest in 15 months, breaching the RBI's upper tolerance level of 6% for the first time since February 2023.
The burger chain joins many McDonald's and Subway stores that have removed tomatoes from menus as the country's food inflation this week hit its highest since January 2020.
Tomatoes still cost about Rs 110 per kg on average, but government measures and the influx of the kharif crop this month could take prices out of the red.
Food price hike driven by higher rates of vegetables, pulses & their products, spices, eggs, meat and fish. While jump in vegetable prices expected, inflation in cereals & their products worrying.
Local vendors are selling tomatoes in price range of Rs 80-Rs 120/kg Delhi NCR gets tomato supply from neighbouring states such as Haryana and Punjab and the hill states.
Factors like unfavourable weather, uncertainty over oil prices, demand from China’s re-opening & intensification of geo-political conflicts could pose upside risks to inflation outlook.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
COMMENTS