Cost of Living highlights Nov 30: Fuel prices steady. Check your city here | Mint
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Business News/ Economy / Cost of Living highlights Nov 30: Fuel prices steady. Check your city here
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Cost of Living highlights Nov 30: Fuel prices steady. Check your city here

Cost of Living highlights November 30: 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: Hindustan Petroleum Pump at Faridabad, Haryana (Photo by Rajkumar)Premium
File image: Hindustan Petroleum Pump at Faridabad, Haryana (Photo by Rajkumar)

Cost of Living highlights November 30: 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.

Fuelled by rising food inflation, the retail inflation for agricultural labourers and rural workers increased marginally to 7.08 per cent and 6.92 percent in October, respectively, from 6.70 percent and 6.55 percent respectively in September 2023, said the labour ministry in a statement on Monday.

Food inflation stood at 8.42 percent and 8.18 percent for the Consumer Price Index for Agricultural Labourer (CPI-AL) and Consumer Price Index for Rural Labourer (CPI-RL) in October 2023 compared to 8.06 percent and 7.73 percent respectively in September 2023. The values of CPI-AL and CPI-RL came in at 7.05 percent and 7.00 percent respectively during the corresponding month of the previous year.

30 Nov 2023, 08:25:15 PM IST

Better than Sony HD TV: Check out top ultra HD TVs

Television technology has been developing steadily in the field of home entertainment, with constant innovation and breakthroughs. The world of televisions has changed dramatically as the desire for engaging and immersive watching experiences rises, especially with the introduction of Ultra HD TVs.

This article seeks to help readers traverse the world of Ultra HD TVs by providing an in-depth overview of the best models that surpass Sony's HD selections. Although Sony has always been associated with state-of-the-art display technology, the introduction of Ultra HD TVs has raised the bar for performance and visual clarity. Read more here

30 Nov 2023, 07:14:31 PM IST

How to elevate education loan savings through Section 80E 

In recent years, the trend of seeking education at renowned international universities has been on the rise. In the United States, the count of Indian students hit an all-time high at 268,923 in 2022-23, demonstrating a 35% surge compared to the preceding year.

A key element fueling this inclination is the simplified process within the contemporary educational landscape, making the financing of international education more feasible for parents and students through loans. Notably, Section 80E of the Indian Income Tax Act assumes significance in this context. Read more here

30 Nov 2023, 05:33:26 PM IST

Ola gears up to launch ‘In-app UPI’ transactions, announces CEO Bhavish Aggarwal

Ola is gearing up to unveil a fresh feature for its cab users. According to a social media post by Ola CEO Bhavish Aggarwal, users of Ola cabs will soon have the convenience of making digital payments exclusively through the app. The initial launch of this feature is slated for customers in Bengaluru, with subsequent expansion to other regions across the country.

Commencing from the conclusion of the upcoming week, Ola cab patrons in Bengaluru will have the facility to execute UPI payments directly to the driver within the ride-hailing app. Read more here

30 Nov 2023, 04:35:20 PM IST

Delhi govt notifies motor vehicle aggregator scheme, paves way for electric-only bike taxis

The AAP government has notified the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023, paving the way for electric-only bike taxis to ply in the national capital and targeting a transition to electric mobility by 2030, Transport Minister Kailash Gahlot said.

He said that as of now the government has not dealt with the issue of "surge pricing" imposed by the app-based cab aggregators but if complaints are received from people, rules will be framed.

The minister said it is for the first time in India that aggregator guidelines have also defined phase-wise electrification targets for these operators.

30 Nov 2023, 03:28:26 PM IST

Godrej refrigerator: Top 5 double-door picks giving reliable cooling technology

Godrej is a brand that has been synonymous with reliability and innovation in the world of home appliances for decades. When it comes to refrigerators, Godrej has consistently stood out as a pioneer, offering cutting-edge technology and unmatched performance. In this era of advanced cooling solutions, the Godrej refrigerator emerges as a frontrunner, especially in the category of double-door refrigerators. 

A Godrej refrigerator is not just a cooling appliance; it's a testament to a legacy of trust and quality. The brand's commitment to providing the best to its customers is evident in every aspect of their refrigerators. Whether you are a seasoned home chef or someone who simply enjoys a refreshing glass of chilled water on a hot day, a Godrej double-door refrigerator is designed to cater to your needs. Read more here 

30 Nov 2023, 02:38:56 PM IST

Mumbai achieves highest November property registrations in a decade

Knight Frank India has reported a notable surge in property registrations in Mumbai during November, marking a significant high for the city over the past eleven years. Despite a reduced number of working days due to numerous holidays, Mumbai, specifically the area under the BMC jurisdiction, is poised to witness 9,548 property registrations this month.

This surge in registrations is anticipated to contribute a substantial amount of 697 crore to the state government revenues. This figure represents a 7% year-on-year increase in property registrations, while revenue from stamp duty has also seen a 2% uptick compared to the previous year.

Of the total registered properties, residential units constitute a significant 80%, with the remaining 20% comprising non-residential assets. Moreover, the city has recorded the registration of 114,464 properties since the beginning of 2023.

Notably, 57% of the registered properties are valued at 1 crore and above, indicating a prevailing trend towards high-value property transactions in the city.

30 Nov 2023, 01:48:47 PM IST

Redmi 13C 5G with 50MP camera set to debut in India on Dec 6: Check expected features, pricing and more

Budget smartphone maker Redmi is all set to launch its Redmi 13C 5G smartphone in India with a focus on the 10,000 smartphone segment. The Redmi 13C 5G will be a successor to the already popular Redmi 12C, which was launched in March this year.

The Redmi 13C made its debut in Nigeria earlier this year and is all set to be launched in India on December 6, Redmi confirmed in a social media post. Redmi's post notes that the Redmi 13C will be a 5G phone, making it the first phone in the company's 'C' series of smartphones to come with support for 5G.

Meanwhile, according to the Amazon listing of the Redmi 13C 5G, the smartphone will have a 50 MP primary camera and will be offered in two colours: Stardust Black and Star Shine Green. More here

30 Nov 2023, 11:41:48 AM IST

Should ULIP be part of your retirement portfolio? 3 experts weigh in

Planning for retirement is a crucial aspect of one's financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years.

ULIPs offer the dual benefit of insurance coverage and investment opportunities, making them an intriguing proposition for retirees. It gives you the flexibility to invest in high-risk equity funds that offer higher returns, low-risk debt funds or a combination of both, based on your risk appetite.

In this article, we will delve into the subject and provide insights to help you make an informed decision regarding the inclusion of ULIPs in your retirement planning. Read more

30 Nov 2023, 11:33:16 AM IST

Oil ticks higher ahead of OPEC+ policy decision as Black Sea storm disrupts exports; Brent at $82/bbl 

Oil prices rose on Wednesday, November 29, as investors turned their attention to the output policy decision by the Organisation of Petroleum Exporting Countries and its allies (OPEC+), while supply disruption caused by a storm in the Black Sea combined with lower US inventories to drive buying.

Brent crude futures were up 61 cents, or 0.8 per cent, to $82.29 a barrel. US West Texas Intermediate (WTI) crude futures gained 75 cents, or 1 per cent, at $77.16 a barrel, according to news agency Reuters. Both benchmarks rose about 2 per cent on Tuesday as the market anticipated that OPEC would extend or deepen supply cuts.

Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a December 18 expiry, was last trading higher by 0.55 per cent at 6,448 per bbl, having swung between 6,323 and 6,500 per bbl during the session so far, against a previous close of 6,413 per barrel. See details here

30 Nov 2023, 10:48:29 AM IST

Why silver outshined Nifty 50, gold in November 2023 — explained 

Despite the stock market rally and Nifty 50 reclaiming the psychological 20,000 levels, the silver price rally outshined the 50-stock index in the month of November. From November till date, the silver price has rallied to the tune of 6 percent in the domestic market whereas, in the international market, the precious white metal has risen more than 9 percent, a return which is much higher than public provident fund (PPF) or bank fixed deposit (FD) returns.

Compared to the silver price rally, the Nifty 50 index managed to register near 5.30 percent MTD (month-to-date) rally of 4.96 percent while gold price appreciated to the tune of around 3 percent only.

According to commodity market experts, depreciation in the US dollar rate and 10-year US bond yield descending close to 4 percent from 16-year higher levels of 5 percent helped gold and silver prices rally in recent sessions. However, positive sentiments in Chinese consumption led to more industrial demand for the precious white metal, which helped silver in outshining the key benchmark index and gold in November 2023. Read full here

30 Nov 2023, 09:52:57 AM IST

Fuel price in metro cities on November 30, 2023 | Thursday

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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