The once-daily food staple has witnessed a 25 to 50 per cent price increase in markets across the country, with parts of the capital selling eggs for Rs. 10 per piece.
The media conglomerate expects its fiscal 2024 capital expenditure to total roughly $6 billion and spend on produced and licensed content to be about $25 billion.
Retail inflation went up from 5.7% in December to 6.5% in January, largely driven by food prices, while India's Wholesale Price Index based inflation fell to 2-year low of 4.73% in January.
Survey by LocalCircles also found that 17% were cutting discretionary spending to afford the oil and 1 in 2 households are dipping into savings to buy it.
The Modi govt has not passed on the benefits of a steep fall in global oil prices to consumers; instead it raised the excise duty, leading to fuel price hikes.
The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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