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.
In Mumbai, the petrol price increased by over 30 paisa per litre to reach close to Rs 109 per litre while diesel rates increased and stood near Rs 100 a litre at over Rs 99.15 a litre.
After rising over three year high level of $80 a barrel earlier this week, global benchmark came down to $78 a barrel and now is again up to $81 a barrel while OPEC+ deciding to stick to its marginal production easing plan and market remaining tight.
Disruptions in the US Gulf Coast production following Hurricane Ida and other storms have led to sharp draws in the American and global inventories
The Centre on Friday said prices of eight types of edible oils in the wholesale markets across the country are showing a declining trend over the last week.
The Centre's decision to bring fuel into the GST net is expected to bring petrol prices down from Rs 104 per litre in Karnataka to Rs 59 and the price of diesel will fall from Rs 94 to Rs 50
