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India’s wholesale inflation falls further to (-) 2.4 percent

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New Delhi, Even as pulses and onions remained costly, India’s annual inflation rate based on wholesale prices continued in the negative territory in June, falling further to (-)2.4 percent from (-)2.36 percent for the month before, official data showed on Tuesday. inflation-rate-september-2014

The annual rate of inflation, as per the official wholesale price index, stood at 5.66 percent in the corresponding month of the previous year, according to data released by the commerce and industry ministry.

Reflecting the dichotomy over retail and wholesale prices in the country, data released on Monday by the Central Statistics Office (CSO) showed that rise in food and fuel prices had propped the country’s consumer price index inflation to 5.40 percent in June from 5.01 percent in May.

The consumer price index data also showed that rural areas were relatively impacted more with an annual retail inflation rate of 6.07 percent, against 4.55 percent for urban areas. The food and beverage sub-index that has the highest weight rose by 5.48 percent from 4.80 percent in May.

The commerce ministry data showed that the wholesale inflation rate rose in June despite marginal increases in the all the three major sub-indices compared with May. The spikes were 1.4 percent for primary articles, 0.6 percent for fuels and 0.1 percent for manufactured products.

Among articles of consumption by the masses, the annual inflation for pulses was whopping 33.67 percent in June, followed by 18.54 percent for onions, 7.47 percent for fruits and 5.18 percent for milk. But prices fell 52.40 percent for potatoes and 2.25 percent for eggs, meat and fish.

The data also reflected the lowering of prices in the fuels sub-index during the month in review. The rates of inflation were (-) 9.7 percent for petrol, (-) 11.86 percent for high-speed diesel and (-) 4.73 percent for cooking gas.

(IANS)

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Indian Government to start selling Pulses through Post Offices to keep check on Hoarding and Black Marketing

Union Government will be soon starting the distribution of pulses through the post offices

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Pulses. Pixabay

October 16, 2016: In order to keep a check on the black marketing and hoarding of the pulses all across the country, Union Government will be soon starting the distribution of pulses through the post offices.

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“In the past, we have seen that the cost of pulses increased manifold due to black marketing and hoarding so the Union Government has decided to sell pulses through post offices whenever the need arises,” Minister of Food and Public Distribution Ram Vilas Paswan told the PTI reporters today.

He further said that the post offices were spread in the country and can be easily used for the purpose of selling the pulses at government rates.

“There is a huge network of post offices in the country, every village has a post office and whenever the need arises, we can use them to sell pulses.

The required infrastructure is already available with the Centre and decision in this regard has already been taken,” he said.

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“The government has taken various measures against hoarders and black marketers due to which the prices of pulses have come down,” he said.

[bctt tweet=”Distribution of pulses through the post offices.” username=””]

The Government started the process of linking Aadhaar cards with the ration cards and by so far 69 percent of the task is already completed. He said, so far around two crore fake ration cards have been detected from all across the country.

“Around 10 crore people were getting ration on these fake ration cards which is a very huge number. Online allocation of food grains has been made for every state to maintain transparency,” he said.

Paswan further said that all the point of sales for ration will be connected online which will simplify the process for the people and people from one state will easily get ration from other states as well.

He said that his department has been working on various programs so as to make the distribution of the ration easy for common people of the country.

The consumer forums are also being strengthened so that grievances of the consumers are easily addressed and also at the earliest.

“In big malls and in airlines they don’t have any MRP written on the product, we will make sure that consumers do not have to pay more than the cost of the product,” he said.

“Some celebrities make misleading comments about the product which make people think that the product advertised does wonder. We are planning to take action against the celebrities for those misleading advertisements,” he said.

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The committee has also recommended strict punishments which include imprisonment for 2-5 years, he added.

-by NewsGram team with PTI inputs

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For Rs10 a film, India’s Underclass in Delhi gets their daily dose of Bollywood

Under the bridge blankets are hung to create walls to block out sunlight. Homemade tickets are used, and seats can be chosen based on where you want to view the movie

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After a hard day's work. Image source: (Reuters/Cathal McNaughton)
  • Under the bridge, underclass people hang blankets to create walls for the theatre and to block out sunlight
  • Tickets here are sold for Rs 10 ($0.15) per movie
  • An old television set is placed in the front, and the crowds settle in

In many cultures movies are a way to escape from reality. They can showcase hardship and victory, the supernatural or death. Whatever it is, the viewer becomes engrossed in the film. They start feeling for the characters, and rooting for them to win; forgetting about their own life struggles in that moment of time. With the inflation of movie ticket prices, it becomes harder and harder for everyone to find the escape a movie provides; this is the case for India’s underclass.

Homemade tickets lie on a table at the makeshift cinema. Image source: (Reuters/Cathal McNaughton)
Homemade tickets lie on a table at the makeshift cinema. Image source: (Reuters/Cathal McNaughton)

For those who can barely make ends meet, a movie ticket sold at Rs400 ($5.95) is a luxury they must forgo. Cue the pop up of makeshift theaters. One example of this new type of theater can be found under a 140 year old bridge. Located in the old quarters of New Delhi, the theater attracts many people who have spent their day working hard. Tickets here are sold for the lower sum of Rs10 ($0.15).

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A passenger train makes its way over the bridge that houses the makeshift cinema. Image source: (Reuters/Cathal McNaughton)
A passenger train makes its way over the bridge that houses the makeshift cinema. Image source: (Reuters/Cathal McNaughton)

Under the bridge blankets are hung to create walls to block out sunlight. Homemade tickets are used, and seats can be chosen based on where you want to view the movie; just like the real theaters. An old television set is placed in the front, and the crowds settle in. After a long day of work this seems like the ideal place to unwind. Some of the crowd can not help but dose off into a restful sleep, while others can not take their eyes off of the screen.

Patrons can sit or even lie down while watching movies.Image source: (Reuters/Cathal McNaughton)
Patrons can sit or even lie down while watching movies.Image source: (Reuters/Cathal McNaughton)

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One member of the crowd, Mohammad Noor Islam spoke to Reuters Television. It is not hard to agree with him as he was quoted saying, “Films are much better. Many men get hooked on gambling, drugs and alcohol and they pass their time by drinking or smoking.”

One-man show. Image source: (Reuters/Cathal McNaughton)
One-man show. Image source: (Reuters/Cathal McNaughton)

Under the bridge is a safe haven. The laborers can find relief from the scorching heat, and distractions from their daily lives. At the low price of Rs 10, a one hundredth of the cost of an actual theatre ticket, movies are watched and enjoyed by many.

-by Abigail Andrea, an intern at NewsGram. Twitter @abby_kono

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A moth nicknamed as “Tomato Ebola” is destroying Nigeria’s tomatoes

A bucket of toms which was earlier 1.5$ now costs 7.5$. Price has rocketed up to 400%.

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Tomato farms, Wikimedia commons

Nigeria is known for its top class tomatoes. Tasty and juicy tomatoes are part of nearly every dish in Nigeria. A state government in Nigeria has declared a state of emergency due to the substantial destruction of tomato fields by moths.

Nigerian farmers have termed the outbreak as ‘Tomato Ebola’. Tomato is a central ingredient in Nigerian dishes. The scarcity of tomatoes will simply mean now they can’t afford their beloved toms. Nigerians won’t be able to make their favorite jollof rice (a national dish made with tomato paste). Such is the scarcity of tomatoes in the country. Inflation rates are growing and Africa’s economy is getting affected as a result of the moth named Tuta absolute was also known as Tomato Leaf Miner.

The moth attacks the leaves of the tomato plant and the larvae produced by the moth feed on the plants causing a total loss of yield. No pesticides are able to kill the larvae. After 3 hours of spraying, they again come back to life.

Tomatoes getting affected, Wikimedia commons
Tomatoes getting affected. Image source: Wikimedia Commons

Northwest and central regions have been affected the most. Kaduna (also called the tomato capital of Nigeria) is in a state of emergency. Manzo Daniel (the Kaduna state agriculture commissioner) said “We have declared a state of emergency over the outbreak of a moth that has destroyed over 80% of tomato farms in the state. More than 200 tomato farmers in the region have suffered losses of more than 1bn naira ($5.02m) from the disease.” A bucket of toms which was earlier 1.5$ now costs 7.5$.  Price has rocketed up to 400%.

Nigeria’s federal agriculture minister has reported that the moth has spread to at least 6 states and is posing a threat to national food security. He also warned that the moth can attack potato and pepper plants.

Governors and commissioners of states are jointly working to get rid of this situation. Kenya has a good advantage on this issue. They use some plant extract to take care of the moth. Since Nigerian experts don’t have the knowledge yet so they are looking forward to Kenya to eradicate this tomato menace. The agricultural specialists are working with Kenya experts to find a proper solution.

Tomatoes production getting affected due to the moth, Wikimedia commons
Tomatoes production getting affected due to the moth. Image source: Wikimedia commons

The heat is on even on social platforms. On Social networking, sites such as Twitter people are tweeting humorous posts about Spanish La Tomatina festival where tons of tomatoes are wasted. Some even tweeted “La Tomatina@ Tomatoes throwing party in Spain. If only these guys know the price of Tomatoes in Nigeria today…”

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-by Pritam

Pritam is pursuing engineering and is an intern at NewsGram. Twitter handle: @pritam_gogreen