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Retail inflation in India declines to 6.93% in November on softening food prices The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at four percent Representational Image. AFP New Delhi: Softening prices of food items like cereals, fruits and milk pulled down retail inflation to 6.93 percent in November, though it remained above the comfort level of the Reserve Bank of India. Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 percent in October and 7.27 percent in September. According to data released by the National Statistical Office (NSO) on Monday, inflation in the food basket was 9.43 percent in November, down from 11 percent in the previous month. ....
Synopsis Small retailers have been known to operate on credit due to lack of working capital but they have to pay interest in the range of 40-100 percent. ThinkStock Photos The company has a direct tie-up with leading FMCG brands, making it convenient for retailers to source through Taikee instead of interacting with multiple brands salesmen. MUMBAI: Peel-Works Pvt Ltd, a B2B e-commerce grocery firm, has partnered with three NBFCs to provide short-term credit to kirana stores at reasonable interest rates. The three NBFCs RBL, Karbon Cards and Indifi will provide credit in the range of Rs 50,000 to Rs 2,50,000 for seven to 15 days to the small retailers registered on Peel-Works mobile app Taikee. ....