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Business News/ Economy / Cost of Living highlights Dec 05: Check petrol and diesel prices in your city
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Cost of Living highlights Dec 05: Check petrol and diesel prices in your city

Cost of Living highlights December 5: The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. In some relief, India's retail inflation witnessed a notable decline in September, dropping to a three-month low.

File image of a HP Petrol Pump at Faridabad, Haryana, India (Photo by Rajkumar )Premium
File image of a HP Petrol Pump at Faridabad, Haryana, India (Photo by Rajkumar )

Cost of Living highlights December 5: The cost of living is basically the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. Since the Russia-Ukraine war broke out, the cost of raw materials and commodities has gone up. This has increased India's payments outgo for oil, gold, and other commodities.

The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on December 5. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector companies.

 

05 Dec 2023, 10:29:54 PM IST

LPG supply affected in Northeast as IOC cylinder transporters go on flash strike

The supply of the liquefied petroleum gas (LPG) cylinders was affected in the Northeast after an association of Indian Oil Corporation  (IOC) LPG cylinder transporters went on flash strike for an indefinite period on Tuesday.

The North East Packed LPG Transporter Association (NEPLTA) has cited pending dues and low rates in the recently floated tenders as reasons for the strike.

05 Dec 2023, 09:23:11 PM IST

Compare your bank FD rates

Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk.

But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.  Read more here

05 Dec 2023, 08:01:03 PM IST

Best fridge under ₹40,000 in India: Top 9 double door models vs. single door

For Indian homes, choosing the right refrigerator within a specific budget might be challenging yet important. Finding the best refrigerator under 40,000 becomes a quest for striking the ideal mix between usefulness, capacity, and affordability with so many alternatives available. The goal of this guide is to make the process of choosing refrigerators easier by comparing and contrasting the top 9 models with single doors and double doors. Read more here

05 Dec 2023, 06:52:31 PM IST

Aditya Birla Sun Life Insurance unveils Salaried Term Plan; details here

Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance arm of Aditya Birla Capital, has introduced the “ABSLI Salaried Term Plan". This tailored and cost-effective protection solution is specifically designed for salaried professionals. The plan, categorised as non-linked, non-participating, life individual, pure risk, and a premium plan, empowers salaried individuals to customise their protection plans based on their unique needs. Read more here

05 Dec 2023, 05:54:07 PM IST

TV consumption growing faster among young audiences, says IBDF

Young audiences have registered higher growth in TV consumption than older ones, with a 7.1% rise among people aged 15-21 and a 7.2% increase among those aged 22-30 from last year, according to a statement from the Indian Broadcasting and Digital Foundation (IBDF). 

For people aged 41-50 and 31-40, consumption grew by 4.2% and 4.7%, respectively. Overall, consumption grew by 5.1%, meaning Indians spent 53 more minutes a week watching TV than last year. Read more here 

05 Dec 2023, 04:56:50 PM IST

From OnePlus Nord CE 3 5G to Motorola Edge 40 Neo; top 5 smartphones you can buy under ₹25,000 in December 2023

Smartphone companies continue to launch new models every month to fend off competition and make a name for themselves in the highly competitive under 25,000 smartphone market. We have prepared a comprehensive list of smartphones that you can buy under 25,000 in December 2023. Read more here

05 Dec 2023, 04:04:29 PM IST

Bengaluru: Manipal Hospitals launches adult vaccination programme

Manipal Hospitals, Whitefield, has launched a vaccination programme for adults with packages for three categories — senior citizens, travellers, and pre- and post-menopausal women.

The vaccinations would not interfere with ongoing medications or cause any hormonal issues among women, clarified doctors at Manipal Hospitals.

People can book slots on Manipal Hospitals’ website to avail themselves of any of the vaccination packages.

The hospital is encouraging people across all ages to get an influenza shot annually, besides getting the pneumococcal vaccine and any destination-specific vaccination, if one is going on domestic or international travel.

05 Dec 2023, 03:10:25 PM IST

Nearly 35% of GenZ prioritising wealth creation, 26% seeking global adventures: Survey

In a recent survey conducted by Hunch, a social discovery app, Generation Z individuals shared their varied and ambitious bucket lists for the year 2024. With contributions from app users, the poll received responses from 62,000 participants, offering valuable insights into their aspirations for the upcoming year.

According to Hunch, this survey provides a glimpse into the diverse aspirations of Gen Z for 2024. Whether it involves a dedicated pursuit of financial success, a craving for adventurous global travel, or a heartfelt quest for meaningful connections and a balanced lifestyle, Generation Z is weaving a tapestry of aspirations that reflects their dynamic and varied personalities. Read more here 

05 Dec 2023, 02:23:50 PM IST

Two-wheelers race ahead in November, but sustainability key

The two-wheeler category outperformed other automotive segments in November, with companies clocking robust year-on-year volume growth. However, dealers are entering year-end with significant inventory, and manufacturers may need to reduce production and offer attractive deals, as per experts. Read details here

05 Dec 2023, 01:17:49 PM IST

Services sector activity in India hits one-year low in November on slower order growth, output: PMI

The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday.

The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.

In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector companies. Read full here

05 Dec 2023, 12:13:19 PM IST

Real estate trends: Will the sector witness a rise in women homebuyers in 2024? Experts decode

Women are emerging as key homebuyers. Experts believe that the surge in women homebuyers in India is driven by several factors. Will this trend continue in 2024? What do industry experts have to say? Livemint takes a deep dive into why women are emerging as key homebuyers. Read here

05 Dec 2023, 11:09:26 AM IST

Inflation has depleted pandemic-era savings for many Americans

Inflation has sapped 40% of Americans of their pandemic savings, making consumer spending even more reliant on the job market.

Generous government stimulus payments and lock-downs that kept people at home led to “windfall" savings, Stephen Stanley, chief US economist at Santander US Capital Markets, said in a research note Monday. How much of it remains has been a moving target, with economists upping their estimate of pandemic-era savings last month after earlier saying it was nearly gone. See more here

05 Dec 2023, 10:01:30 AM IST

Fuel price in metro cities on December 05, 2023 | Tuesday

Fuel rates are revised at 06:00 A.M every day. Since June 2017, fuel prices in India have been revised daily, and this is called the dynamic fuel price method.

Bangalore

PETROL (Rs/L) - 101.94

DIESEL (Rs/L) - 87.94

Chandigarh

PETROL (Rs/L) - 96.2

DIESEL (Rs/L) - 84.26

Chennai

PETROL (Rs/L) - 102.63

DIESEL (Rs/L) - 94.33

Kolkata

PETROL (Rs/L) - 106.03

DIESEL (Rs/L) - 92.76

Mumbai City

PETROL (Rs/L) - 106.31

DIESEL (Rs/L) - 94.27

New Delhi

PETROL (Rs/L) - 96.72

DIESEL (Rs/L) - 89.62

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