Modi has extended — until November — an existing program to make available fixed amounts of free food grains to 800 million people. Additional wheat and rice entitlements did help the poor last year. Yet, in the absence of incomes, the bottom quartile of the population had to drastically cut down expenditure on eggs, meat and fruit.
Read more about In India s pandemic, the rich buy luxury cars and the poor lose their homes on Business Standard. Obsessed with keeping a lid on borrowing costs, the government is making things worse for the common man by its regressive consumption taxes.
ET Markets RadioTune in now for Markets news, views & cues
ETMarkets Morning Podcast (ETMarkets.com)
05:08 Min | June 04, 2021, 8:48 AM IST
Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks.
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Transcript
Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
Balanced Advantage Funds go light on pricey equity
Price trends signalling good times ahead for cement stocks
MFIs facing major rating downgrade
Damani, DMart on a real estate buying spree
D’Mart and its media-shy owner Damani, often going by the Mr ‘White & White’ sobriquet for his distinctive attire, are strengthening their physical presence across key Indian consumption centers through bulge-bracket property deals at a time when few are even venturing beyond home.
In the early 1990s, people followed the original Big Bull, Harshad Mehta, then came Ketan Parekh in the late 90s, and now investors follow every buy-sell move, every stock spoken of and every comment made by the likes of Rakesh Jhunjhunwala and Radhakishan Damani keenly and try to execute them.