Cost of Living updates Oct 31: Onion Prices at ₹80/kg; centre monitoring rise, export curbs imposed
Cost of Living updates LIVE Oct 31: The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket. In some relief, India's retail inflation witnessed a notable decline in September, dropping to a three-month low.
Cost of living Updates Oct 31 LIVE: The cost of living is basically the amount of money one needs to survive in a given place - to cover one's most essential needs such as food, water, housing, taxes, cost of commute and healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket. Since the Russia-Ukraine war broke out, the cost of raw materials and commodities have gone up. This has increased India's payments outgo for oil, gold, other commodities.
Onions bring tears to customer eyes: Consumers in India are battling rising onion prices again as retail numbers toched ₹80 per kg in Mumbai. The day-to-day rise in onion prices has buyers calling for government intervention to lower cost.
Vegetable sellers on their part cite shortage in supply for the skyrocketing prices. Manoj from Agra told ANI that they are procuring onions for ₹60-65 from the mandi, but customers have kept away from the expensive Allium.
Madhya Pradesh Congress Chief Kamal Nath in an interview also took a jab at current price inflation. “Onion is bringing tears to everyone's eyes. This is just one thing, what else is not costly,” he told PTI.
The Centre has also imposed a Minimum Export Price (MEP) of $800/tonne on onions, effective from October 29 to December 31. The move is aimed at discouraging exports and keeping more stock available for the domestic market.
As per the Consumer Affairs Ministry, the MEP has been successful in capping prices to some degree. The statement noted a 5-9 percent price drop from last week's near record highs. Prices touched ₹83/kg on October 30.
Amazon Sale 2023: Want sturdy gaming keyboard? Avail up to 64% discount on sale
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Peaches, coffee and now olive oil: Climate change can alter our food basket
Global warming has to capacity to create turmoil in the world's agriculture. Building climate resilience is as much part of facing up to global warming as trying to achieve net negative emissions in energy generation, transport and industrial production. Read full here
Gold, silver rate today under pressure ahead of US Fed meeting. Will gold price climb to a new peak before Diwali 2023?
Ahead of US Fed meeting today, gold price came under the sell off heat during early morning deals. Gold future contract on Multi Commodity Exchange (MCX) for December 2023 expiry opened lower at ₹61,117 per 10 gm levels. But, MCX gold rate bounced back and hit intraday high of ₹61,199 per 10 gm after hitting intraday low of ₹61,110 within few minutes of commodity market's opening bell today. In international market, spot gold price is oscillating around 1,992 per ounce levels.
Likewise, silver rate today opened lower on MCX at ₹72,492 per kg levels and went on to hit intraday low of ₹72,433 levels during morning deals. In international market, silver price is oscillating around $23.15 per ounce levels.
So, should you start Diwali 2023 buying in gold and silver,? Read here
Onion prices at ₹80/kg; centre monitoring rise, export curbs imposed
Consumers in India are battling rising onion prices again as retail numbers toched ₹80 per kg in Mumbai. The day-to-day rise in onion prices has buyers calling for government intervention to lower cost.
Vegetable sellers on their part cite shortage in supply for the skyrocketing prices. Manoj from Agra told ANI that they are procuring onions for ₹60-65 from the mandi, but customers have kept away from the expensive Allium.
The Centre has also imposed a Minimum Export Price (MEP) of $800/tonne on onions, effective from October 29 to December 31. The move is aimed at discouraging exports and keeping more stock available for the domestic market.
As per the Consumer Affairs Ministry, the MEP has been successful in capping prices to some degree. Read full here
Apple launches M3-powered Macbooks, when will they be available in India? Here’s what we know so far
Apple has announced the new MacBook Pros powered by the company's latest M3 series of processors. The M3 chipsets, which include the M3, M3 Pro and M3 Max, were also announced at the company's Scary Fast event on Tuesday.
All the new MacBooks feature the same Liquid Retina XDR display with 20 per cent brighter SDR content, a built-in 1080p camera, a six-speaker sound system and up to 22 hours of battery life.
The tech giant has also unveiled the Indian pricing for the new MacBooks, with the affordable 14-inch MacBook Pro with M3 chipset starting at ₹1,69,990 in India, while the higher-end 16-inch MacBook Pro with M3 Max chipset going for as high as ₹3,99,900.
Fuel price in metro cities on Oct 31, 2023 | Tuesday
Fuel rates are revised at 06:00 A.M every day. From June 2017, fuel prices in India are 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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