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Vegetable prices spurt due to delayed monsoons

Delay in arrival of monsoon has not only affected the supplies from the vegetable growing hinterland, but has also resulted in shooting up of rates of some vegetables.


BELAGAVI

Expecting early arrival of monsoon, farmers who normally grow vegetables till the end of summer and wait for better monsoon for sowing of regular crops did sow a little earlier this year, resulting in shortage of supplies leafy vegetables like spinach, coriander, methi, carrot, beans, etc.   
Rates of these vegetables have shot up by 25 to 50 percent. 
A bundle of 100 rates of coriander, red spinach, methi, etc, have shot up by about Rs 400 compared to last week. Due to shortage in supplies, onions and potatoes too have become expensive.
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GST will have postive impact on gold sector: WGC

Even as consumers will face a slightly higher tax rate in gold after the Goods and Services Tax (GST) is rolled out this July, the overall impact on the gold industry will be positive, World Gold Council on Thursday said.

PTI
Published Jun 9, 2017, 4:37 AM IST
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Mumbai   “On 1st July, India’s labyrinth of taxes will be replaced with a simple, nationwide GST. This is the biggest fiscal reform since India’s liberalisation in the early 1990s,” WGC said in a report here.  “While gold consumers will face a slightly higher tax rate and the industry will go through a period of adjustment, we see the net impact on the gold industry as being positive,” it added.  WGC said the gold supply chain will become more transparent…

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