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Covid 2.0: Curfews, partial lockdowns threaten India's economic recovery

Covid 2.0: Curfews, partial lockdowns threaten India’s economic recovery
Covid 2.0: Curfews, partial lockdowns threaten India’s economic recovery
Night curfews and weekend lockdowns imposed by various state governments pose a threat to India s economic recovery. Malls, showrooms and branded shops across the country are largely empty due to government restrictions.
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UPDATED: April 17, 2021 16:26 IST
Delhi Chief Minister Arvind Kejriwal on Thursday announced a weekend curfew in the national capital. The weekend curfew will be enforced from 10 pm on Friday till 6 am Monday. (PTI)
The Indian economy, which was recovering at a snail’s pace, has been hit by the rising number of Covid-19 cases across states and subsequent curfews/lockdowns imposed by various state governments. ....

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FMCG firms assure uninterrupted supply amid Covid-19 restrictions

FMCG firms such as ITC, Parle Products, Marico, Emami and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the previous year s lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also impose various restrictions.
Maharashtra on Tuesday announced a statewide curfew from Wednesday, entailing stricter curbs on public activities, to curb spread of coronavirus but stopped short of announcing a full-scale lockdown.
There is a lot of learning that has gone in from last year.this time things are far better managed. Companies have learnt how to deal with it. ....

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PLI for food processing a game-changer, to boost agri-exports and investments, say FMCG players

Photo by Nuzul Arifa from Pexels
Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment, increase the income of farmers and boost agri exports.
Leading companies operating in the packaged food segment as HUL, ITC, Britannia, Parle and Nestle welcomed the production-linked incentive (PLI) scheme approved by the government on Wednesday.
The move would also help create more jobs in the sector, ensure the availability of a wider range of value-added products for consumers and the Indian companies to establish themselves in the foreign markets. ....

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FMCG firms may hike prices to offset inflationary pressure on raw material

Consumers may have to shell out more money for their daily use products as FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it.
Some FMCG companies like Marico and others have already gone for price hike, while some which include Dabur, Parle and Patanjali are closely monitoring the situation.
FMCG players have been trying to absorb the price increase of raw material inputs such as coconut oil, edible oil and palm oil, but they are unlikely to hold the prices of their commodities for a long time as that will impact their gross margins. ....

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FMCG companies look to hike prices to offset inflationary pressure on raw material inputs

FMCG companies look to hike prices to offset inflationary pressure on raw material inputs
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Last Updated: Jan 10, 2021, 05:17 PM IST
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Synopsis
FMCG players have been trying to absorb the price increase of raw material inputs such as coconut oil, edible oil and palm oil, but they are unlikely to hold the prices of their commodities for a long time as that will impact their gross margins.
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Consumers may have to shell out more money for their daily use products as FMCG firms are facing inflationary pressure on raw material inputs
NEW DELHI: Consumers may have to shell out more money for their daily use products as FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it. ....

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