Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

A day after the government released data underlining that the Wholesale Price Index-based inflate rate fell to a seven-and-a-half-year low in May, the Congress said the data was misleading and claimed that only wholesalers and the government were benefiting from the falling prices and the benefit was not being passed on to the end consumer. Addressing … Read more

Centre exempts wholesalers and big retailers from stockholding limits on edible oils and oilseeds

Centre exempts wholesalers and big retailers from stockholding limits on edible oils and oilseeds

The Centre today issued a notification exempting wholesalers and big chain retailers oilseeds and edible oils from the current stock limit order. The stock limit order was imposed last October due to increasing prices of edible oils both in international as well as domestic market. It was then extended upto 30th June, 2022 and further … Read more