Services sector growth remain strong in November; PMI recorded at 58.4
The headline Purchasing Managers’ Index (PMI) figure, compiled by S&P Global and released by HSBC, was recorded at 58.4 in November.
The headline Purchasing Managers’ Index (PMI) figure, compiled by S&P Global and released by HSBC, was recorded at 58.4 in November.
Amid rising tomato prices that are burning a hole in common man's pocket across the country, the government on Friday said the prices of the commodity are expected to stabilise within the next 15 days.
The surge in farm prices is only being partially passed on to the consumers, thereby securing the interests of both the stakeholders -- consumers and farmers.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
According to the vegetable vendors too, there will be no reduction in price in the near future amid the shortfall in supply.
Calling the reduction a "knee jerk reaction" to the losses in by-poll elections, Imran said the measure won't provide much relief to consumers,
"As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others," the source said.
Petrol and diesel have been priced at Rs 113.37 and Rs 102.66 respectively in Madhya Pradesh's Bhopal, Rs 105.43 and Rs 96.63 respectively in West Bengal's Kolkata and Rs 102.10 and Rs 97.93 in Chennai respectively.
The price pause came after fuel prices rose consistently for the past seven days taking the rates to all-time high levels. The prices of petrol and diesel remained steady on 4 October, but saw a hike after that.
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
