Vegetable prices rise up to 200%; trade blame crop damage and fuel price

Vegetable prices rise up to 200%; trade blame crop damage and fuel price


The prices of food items, including vegetables, have started to skyrocket even as the crisis shows no sign of abating. The prices of vegetables, in particular, have increased quite significantly with retail prices of almost all kinds rising from 25 per cent to 200 per cent.


The most significant rise has been registered in the price of tomato. Vegetable traders say prices have risen due to crop failure during the rainy season.



Adil Ahmad Khan, chairman of Delhi’s  Azadpur Agricultural Produce Marketing Committee (APMC), told IANS that prices of most green vegetables have registered an increase in the past one month, due to reduced arrivals during the rainy season. According to Khan, another reason for rise in prices of vegetables is due to increased diesel price. “Vegetable traders point out that the cost of transportation of vegetables has increased due

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Govt approves Rs 574 crore annual plan for national highway works in J&K

Govt approves Rs 574 crore annual plan for national highway works in J&K


The central government has approved an annual plan worth Rs 574.16 crore for works in for 2020-21, an official spokesperson said on Saturday.


The major works incorporated in the approved annual plan included construction of 3.23 km three fly-overs in Srinagar on NH-44 (Jammu-Srinagar highway) at Bemina, Sanatnagar and Nowgam with Rs 220.68 crore, the spokesman said.



Quoting a communication from the Centre, he said the Union Ministry of Road Transport and Highways has asked for preparation of estimates for the proposed works in the approved annual plan, incorporating the technical parameters and designs as per IRC codal provisions or latest circulars of the ministry, and submission to it for consideration.


The other works incorporated in the approved annual plan included expressway, four laning, construction of 6 km 3rd bypass on NH-444 Shopian bypass

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Railtel gives a fillip to Railways’ digital drive amid Covid-19 pandemic

Railtel gives a fillip to Railways’ digital drive amid Covid-19 pandemic


The outbreak turned out to be a boost for the digital initiatives of the and the business of its digital arm Railtel Corporation of India.


While the initiative of e-office got a push in the last three months, the usage of the commercial bandwidth of Railtel increased 1.5 times and retail bandwidth by 2.25 times during this period.


During the last three months, its digital platform, the National Informatics Centre’s (NIC’s) e-office, has raised the number of users to over 100,000.


Interestingly, the use of e-office among government officers zoomed with the number of e-files increasing from 130,000 to 405,000 and e-receipts increasing from 450,000 to 1.07 million.


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India’s GDP likely to contract by 6.4% in FY21, says Care Ratings

India’s GDP likely to contract by 6.4% in FY21, says Care Ratings


on Thursday revised India’s forecast for the current financial year to (-) 6.4 per cent as economic activity continues to be under restriction due to the on account of the Covid-19 pandemic.


The rating agency, in May, had projected a decline in of 1.5-1.6 per cent in FY21.



It said given that the nation is into a for July too with several restrictions on resumption of services in particular as well as movement of people, the cutoff date for normalcy will spread into the latter part of the third quarter and more likely to the fourth quarter.


“Under these assumptions our forecast for is now (-) 6.4 per cent for FY21 with GVA (de)growth estimated to be around (-) 6.1 per cent, said in a report.

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Emerging market FX pickup exposed to reversal after new virus surge: Report

Emerging market FX pickup exposed to reversal after new virus surge: Report


Emerging market currencies will likely give back recent gains if a resurgence of the pandemic continues in the second half of the year, driving foreign exchange flows to the safer US dollar, a Reuters poll of market strategists showed.


The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India, the nations with the highest case counts in the world after the United States.



The outlook for these emerging economies keeps worsening due to the unrelenting health crisis, with Brasilia engulfed in political rows, the Kremlin tightening its grip and Indian cities suffering from a lack of adequate infrastructure.


Over 90%, 63 of 68 respondents in the June 25-July 1 Reuters poll said a second shock from the pandemic would boost

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Non-subsidised LPG price hiked marginally in metros, jet fuel up by 7.5%

Non-subsidised LPG price hiked marginally in metros, jet fuel up by 7.5%


or on Wednesday was hiked by 7.5 per cent, the third increase in a month, while petrol and diesel rates were unchanged for the second day in a row.


Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl in the national capital, according to a price notification by state-owned oil marketing companies.



This is the third straight increase in ATF prices in a month. Rates were hiked by a record 56.6 per cent (Rs 12,126.75 per kl) on June 1, followed by Rs 5,494.5 per kl (16.3 per cent) increase on June 16.


Simultaneously, non-subsidised cooking gas LPG rates were increased by Re 1 to Rs 594 per 14.2-kg cylinder in the national capital. Prices were up by Rs 4 in other

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