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PremiumCost of Living Highlights February 27: The cost of living is 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 Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during the month. While services sector output climbed to a seven-month high in February, manufacturing sector output reached a five-month high, firming India’s position as one of the fastest-growing major economies.
The Noida authority has given its nod to process the registries of at least 13,600 flats in 35 stalled housing projects. The permission has been granted after realtors gave their written consent to pay land dues, according to a report by the Hindustan Times.
The total dues of the developers is ₹2,000 crore of which they have agreed to pay ₹552 crore to obtain the permission for registries for the stalled housing projects. Read more here
Japan’s ambassador Hiroshi F Suzuki said in a YouTube interview that getting a visa to Japan is super simple. All one requires to get a student visa is to present the student ID. He also spoke about the relaxation of visa requirements for Indian students. Read more here
With a focus on hybrid and electric vehicles, global auto major Ford Motor is working on a return to the Indian market by using its manufacturing facility in Chennai for the production of these cars, sources told The Hindu Businessline.
Ford is recalibrating its electric vehicle strategy with EV sales slowing sharply as mainstream consumers balk at high prices and spotty charging infrastructure. Read more here
Snapdeal has expanded its value lifestyle portfolio to meet the growing demand for affordable branded merchandise. Recognising the trend towards brand-focused, value-driven shopping, Snapdeal has added a variety of lifestyle brands to cater to value-savvy consumers, it said in a statement.
The new fashion lineup on Snapdeal includes brands such as Jockey, Rosaline by Zivame, Varanga, House of Ramraj Cotton, John Players, Clovia, Red Tape, Janasya, Aurelia, Nauti Natti, and the newly introduced Ketch. These brands offer a range of apparel priced from ₹249 to 999, ensuring accessibility without compromising on style or quality, the company added.
Snapdeal said it is committed to providing quality products at unbeatable prices, positioning itself as the preferred choice for consumers. This strategic move involves onboarding multiple brands with merchandise tailored to meet the demands of shoppers, it added.
Chennai - ₹76,300/1kg
Delhi - ₹74,400/1kg
Mumbai - ₹74,400/1kg
Kolkata - ₹74,400/1kg
Chennai - ₹63,220/10g
Delhi - ₹63,157/10g
Mumbai - ₹63,904/10g
Kolkata - ₹63,220/10g
The price of silver is currently ₹74,400 per kg, reflecting a decrease of ₹400 per kg.
The silver March 2024 MCX futures were trading at ₹69,444 per kg, up by 0.02 percent at the time of publishing.
Gold prices witnessed a slight decline on Tuesday.
The price of 24-carat gold is ₹6,315.7 per gm, a decrease of ₹711. The price of 22-carat gold is ₹5,785.2 per gm, down by ₹651.
The percentage change in the price of 24-carat gold over the last week has been 0.01 percent, while over the last month, it has shown an increase of 1.24 percent.
The gold April 2024 MCX futures were trading at ₹62,271 per 10 gm, showing an increase of 0.196 percent at the time of publishing.
GOLD (Expiry: 05 Apr 2024) — Price ₹62,271 (up ₹122 or 0.20%)
COTTON CANDY (Expiry: 28 Mar 2024) — Price ₹61,300 (up ₹360 or 0.59%)
SILVER (Expiry: 05 Mar 2024) — Price ₹69,440 (up ₹14 or 0.02%)
COPPER (Expiry: 28 Mar 2024) — Price ₹726.05 (up ₹1.20 or 0.17%)
Fuel price in metro cities on February 27, 2024 | Patna
PETROL (Rs/L) - 107.24
DIESEL (Rs/L) - 94.04
Fuel price in metro cities on February 27, 2024 | Jaipur
PETROL (Rs/L) - 96.20
DIESEL (Rs/L) - 93.72
Fuel price in metro cities on February 27, 2024 | Kolkata
PETROL (Rs/L) - 106.03
DIESEL (Rs/L) - ₹92.76
Fuel price in metro cities on February 27, 2024 | Ghaziabad
PETROL (Rs/L) - 96.58
DIESEL (Rs/L) - ₹89.75
Fuel price in metro cities on February 27, 2024 | Chandigarh
PETROL (Rs/L) - 96.2
DIESEL (Rs/L) - 84.26
Fuel price in metro cities on February 27, 2024 | Chennai
PETROL (Rs/L) - 102.63
DIESEL (Rs/L) - ₹94.33
Fuel price in metro cities on February 27, 2024 | Lucknow
PETROL (Rs/L) - 96.57
DIESEL (Rs/L) - ₹89.76
Fuel price in metro cities on February 27, 2024 | Hyderabad
PETROL (Rs/L) - 109.66
DIESEL (Rs/L) - 97.82
Fuel price in metro cities on February 27, 2024 | Gurugram
PETROL (Rs/L) - 96.84
DIESEL (Rs/L) - 89.72
Fuel price in metro cities on February 27, 2024 | Noida (Gautam Buddha Nagar)
PETROL (Rs/L) - 96.59
DIESEL (Rs/L) - 89.96
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.
Fuel price in metro cities on February 27, 2024 | Mumbai City
PETROL (Rs/L) - 106.31
DIESEL (Rs/L) - ₹94.27
Fuel price in metro cities on February 27, 2024 | Bengaluru
PETROL (Rs/L) - 101.94
DIESEL (Rs/L) - 87.94
Fuel price in metro cities on February 27, 2024 | New Delhi
PETROL (Rs/L) - 96.72
DIESEL (Rs/L) - ₹89.62
