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19/05/2021 10:50 GMT+7
Foodstuff prices rise, pose inflation threat
A supermarket in HCM City. With the costs of materials needed for foodstuffs rising, businesses are finding ways to cut costs so that they can keep prices steady. Photo nhandan.com.vn
Prices of foodstuffs have been increasing due to rising costs of raw materials.
Do Van Khuol, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
Contribution from one-day salary of faculty and staff of VIT
The Vellore Institute of Technology (VIT) on Wednesday donated ₹1.25 crore to the Tamil Nadu Chief Minister’s Public Relief Fund (TNCMPRF) to help the State government in its efforts to combat the COVID-19 pandemic.
VIT founder and Chancellor G. Viswanathan said that the ₹1.25 crore provided to TNCMPRF comes from the one-day salary donated by faculty and staff of VIT (Vellore and Chennai campuses) and the contribution made by the management of the institution.
“VIT will provide all necessary help and support to the State government in its fight against COVID-19 pandemic,” said Mr. Viswanathan. VIT Registrar K. Sathiyanarayanan and C.R. Sundara Rajan, director, Centre for Sustainable Rural Development and Research Studies (CSRD), handed over the online transfer receipt for VIT s contribution to the Vellore District Revenue Officer on Wednesday.