Chennai, July 11 (IANS) Egg prices in Tamil Nadu have reached a new high after the National Egg Coordination Committee (NECC) increased the procurement price by 5 paise to a record Rs 6.55 per egg on Saturday. The latest revision comes amid robust consumer demand, escalating poultry feed costs and export-related pressures, with retailers warning that prices for consumers could climb further in the coming days. The procurement price, which serves as the benchmark for wholesale transactions, has b…
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Washington, June 12 (IANS) US President Donald Trump predicted a sharp decline in global oil prices if a proposed agreement with Iran is finalised, arguing that greater stability in the Middle East and the reopening of key shipping routes would ease pressure on energy markets.Speaking at the White House, Trump said markets had already responded positively to news of the emerging agreement.“Stock markets up 1000 points,” Trump said. “That means they like the deal.”He said oil prices had a…
Bhubaneswar, May 3 (IANS) The Biju Janata Dal (BJD) on Sunday targeted the state government over the Rs 4 hike in milk prices by the state-owned Odisha State Cooperative Milk Producers’ Federation (OMFED), stating that the “double-engine” government has put consumers under severe hardship.The regional party alleged that of the Rs 4 hike, only Rs 1 will go to milk farmers, while the state government will divert the remaining Rs 3 into its coffers.At a press conference held at Sankha Bhavan …
New Delhi, April 15 (IANS) The Centre is reportedly considering a new fuel price stabilisation mechanism aimed at protecting consumers from sharp fluctuations in petrol, diesel and LPG prices amid rising global energy volatility.The proposal, which is currently under discussion among key ministries, seeks to establish a dedicated buffer system that can be deployed during periods of extreme price swings, according to NDTV Profit report.The move comes as geopolitical tensions in West Asia continue…
Colombo, April 11 (IANS) Pakistan’s 5G spectrum auction remains inadequate amid “structural bottlenecks in fibreisation, device bottlenecks in accessibility and affordability, financial bottlenecks in investment and revenue, and infrastructural bottlenecks in execution,” a report has detailed. According to leading Sri Lankan newspaper Daily Mirror, collectively these constraints indicate that 5G at present is closer to a marketing narrative than a functional technology for most Pakistanis.It a…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
Bhopal, March 26 (IANS) Power is set to become costlier in Madhya Pradesh as the MP Electricity Regulatory Commission has announced a moderate increase in electricity tariffs for the financial year 2026–27.In its tariff order issued on Thursday, the Commission approved an average hike of 4.8 per cent, significantly lower than the 10.19 per cent increase proposed by electricity distribution companies.”It is notable that in true-up of FY 2024-25, the petitioner had claimed a revenue gap of Rs 7,…
Patna, March 18 (IANS) The district administration in Patna has intensified its crackdown on the black marketing of LPG cylinders, with District Magistrate Thiyagarajan S.M. warning of strict action against offenders.Addressing the media, the DM said continuous raids are being conducted against individuals and establishments involved in the illegal use and storage of domestic LPG cylinders.He asserted that the administration is committed to ensuring an uninterrupted supply of gas to households a…
Patna, March 12 (IANS) Amid concerns among domestic consumers over LPG availability, the district administration in Patna has taken strict measures to prevent black marketing and hoarding of gas cylinders.Acting on the directions of District Magistrate Thiyagarajan SM, the administration has constituted 28 raiding teams to closely monitor the supply and distribution of LPG across the district.To ensure smooth supply and address public grievances, the district administration has also set up a dis…
Islamabad, March 12 (IANS) Retailers in big cities of Pakistan have raised prices of confectionery and other daily-use commodities, including fresh fruits, citing the recent rise in petroleum prices, although the majority of the shops were still selling existing stock purchased at older prices, local media reported on Thursday. This has raised serious concerns for the consumers. People said that shopkeepers started asking for higher prices for commonly consumed products like noodles, toothpaste,…