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Retail inflation in India declines to 6.93% in November on softening food prices


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. ....

New Delhi , Sachin Chhabra , Aditi Nayar , Sunil Kumar Sinha , Field Operations Division , National Statistical Office , Research Ind , Reserve Bank , Consumer Price Index , Kumar Sinha , India Ratings , புதியது டெல்ஹி , சச்சின் சாப்ரா , சுனில் குமார் சீன்ஹா , புலம் செயல்பாடுகள் பிரிவு , தேசிய புள்ளிவிவர அலுவலகம் , ஆராய்ச்சி இந்த் , இருப்பு வங்கி , நுகர்வோர் ப்ரைஸ் குறியீட்டு , குமார் சீன்ஹா , இந்தியா ரேடிஂக்ஸ் ,

Peel-Works: Peel-Works ties up with 3 NBFCs for short-term loan to kirana stores registered on Taikee app


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.
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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. ....

Tamil Nadu , Sachin Chhabra , Nidhi Ramachandran , Works Pvt Ltd , Peel Works Pvt Ltd , Karbon Cards , Blacksoil Capital , தமிழ் நாடு , சச்சின் சாப்ரா , நிதி ராமச்சந்திரன் , வேலை செய்கிறது பிரைவேட் லிமிடெட் , தலாம் வேலை செய்கிறது பிரைவேட் லிமிடெட் , கருப்பட்டி மூலதனம் ,