Paswan sees bumper pulse output this year, warns hoarders
PTI The country will see a bumper pulse production this year leading to a fall in prices and hoarders will not stand to benefit, Food Minister Ram Vilas Paswan on Thursday said as he asked them to offload their stocks. Singling out hoarders and blackmarketeers for the sharp rise in retail prices of pulses, he felt that the states did not take stringent action against them. "The country will have a bumper production of pulses this year and hoarders will not get anything," Paswan said on the sidelines of an event here. "If hoarders are thinking that they will sell pulses at higher rate, then forget it. They should sell their stocks in the open market as production will be high this ...
Tata Capital ties up with LKP Securities to boost retail loans
The Dollar Business Bureau Tata Group’s financial services subsidiary Tata Capital has tied-up with securities brokerage house LKP Securities to distribute its retail loan products through the channels of LKP Securities, the company said in a statement on Thursday. With this partnership, Tata Capital’s retail loans such as home loans, car loans, personal loans and business loans will be distributed through LKP Securities’ network of more than 3,000 sub-brokers. This will benefit the Tata Group firm in reaching wide customer base across the country, the company said. LKP Securities has associated with Tata Capital to take a step forward in becoming a one-stop destination for all the investment solutions. Both the companies will benefit from the collaboration because of their individual qualities of ...
Ecommerce platforms to play a role in measuring the Consumer Price Index
The Dollar Business Bureau The Govt of India’s statistics department is planning to take a closer look at the discounts being offered on the ecommerce platforms such as Amazon, Flipkart and Snapdeal with a view to understand the whole dynamics of the consumer price index. CPI is a key indicator of the Reserve Bank of India, when deciding the monetary policy. The ministry wants more clarity on the CPI basket by keeping track of the price movements in the online market. The decision by the Govt. has come at a time when there is a growing demand in online shopping including groceries, clothing and footwear which the ministry feels is not getting captured. An official remarked that, “Online shopping is not reflecting in ...
