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The nationwide increase in tomato prices is caused by a reduction in supply brought on by heatwaves in tomato-growing regions and heavy rain

Tomato prices see massive surge; touch ₹100 per kg 

The nationwide increase in tomato prices is caused by a reduction in supply brought on by heatwaves in tomato-growing regions and heavy rain

Tomato prices are skyrocketing across the country. Prices of the kitchen stable cross ₹100 per kg in some cities such as Bengaluru and Delhi. This is largely due to a supply shortage caused by various factors.&nbsp;
As per Indian Express, the reason for the current high prices can be traced back to their sudden fall in April-May, which led many growers to abandon their crops. The unusual heat of March and April also saw pest attacks that took a toll on production.
Ajay Kedia, a Mumbai-based commodity market expert and head of Kedia Advisory was quoted by NDTV saying, "This year, for a variety of reasons, fewer tomatoes were sown than in prior years. As the price of beans surged last year, many farmers switched to growing beans this year. However, a lack of monsoon rains has caused the crops to dry out and wilt. The limited supply of vegetables, particularly tomatoes are due to crop damage caused by heavy rainfall and extreme heat." Due to persistent rains that have harmed the crop and made transportation challenging, tomato prices have surged in the southern state of Karnataka and its capital city Bengaluru.
According to the database kept by the Department of Consumer Affairs' Price Monitoring Division, the average price of a kilo of tomatoes in retail marketplaces increased from ₹25 to ₹41. The range of the maximum tomato prices in retail markets was between ₹80 and ₹113.
Meanwhile, farmers say that prices of tomatoes are unlikely to come down anytime soon.&nbsp;
&nbsp;

Flurry of fuel price hikes post elections continues as, Friday marks the fourth straight day of hike in petrol and diesel prices across the nation, with fuel pumps in Rajasthan&nbsp;and Madhya&nbsp;Pradesh&nbsp;retailing petrol over Rs 102/litre.&nbsp;Petrol price was hiked by a steep 29 paise per litre and diesel by 31 paise a litre. This brings the cumulative hike in petrol to 88 paise&nbsp;just this week.Here are the rates in the metros as on Friday:&nbsp;DelhiMumbaiBangaloreChennai
This is the second time this year that rates in some parts have crossed the Rs 100 mark - they had breached the physiological mark for the first time in mid-February.
&nbsp;

Petrol over the 100 mark, 4th day of petrol and diesel price hikes

Flurry of fuel price hikes post elections continues as, Friday marks the fourth straight day of hike in petrol and diesel prices across the natio

Petrol over the 100 mark

Flurry of fuel price hikes post-elections continues as, Friday marks the fourth straight day of hike in petrol and diesel prices across the nation, with fuel pumps in Rajasthan&nbsp;and Madhya&nbsp;Pradesh&nbsp;retailing petrol over ₹102/litre.&nbsp; Petrol price was hiked by a steep 29 paise per litre and diesel by 31 paise a litre. This brings the cumulative hike in petrol to 88 paise&nbsp;just this week. Here are the rates in the metros as of Friday:&nbsp; Delhi - ₹91.27 Mumbai&nbsp;- ₹97.61 Bangalore - ₹94.30 Chennai -&nbsp;₹93.15
This is the second time this year that rates in some parts have crossed the ₹100 mark - they had breached the physiological mark for the first time in mid-February.
&nbsp;

Brace yourself for a sharp rise in the cost of petrol and diesel as there is a fuel price hike on the anvil. Petrol and diesel prices have remained unchanged for 15 days an analysts say fuel retailers will hike prices now that polling has ended.&nbsp;
India's crude basket cost has gone up almost $6 since February, when the last hike was -:
February: $61.2/bblMarch: $64.7/bblApril*: $67/bbl&nbsp;In fact petrol prices are down 77 paise&nbsp;through March to pass on the benefit of the low prices seen in February. Analysts now expect to see a Rs 2/lt hike to accommodate the hit to oil marketing companies.&nbsp;
&nbsp;

Poll pause over, petrol and diesel prices could see a big hike

&nbsp;Petrol and diesel prices have remained unchanged for 15 days and analysts say fuel retailers will hike prices now that polling has ended as crude prices are up pver&nbsp;$6 since the last hike.&nbsp;

<ul>
<li>Petrol, diesel prices could see a sharp rise as polls come to an end</li>
<li>Crude prices up $6 from February, petrol prices unchanged for 15 days</li>
<li>Petrol prices could see a Rs 2/litre jump as per analysts</li>
</ul>

Brace yourself for a sharp rise in the cost of petrol and diesel as there is a fuel price hike on the anvil. Petrol and diesel prices have remained unchanged for 15 days and analysts say fuel retailers will hike prices now that polling has ended.&nbsp;
India's crude basket cost has gone up almost $6 since February, when the last hike was -:
February: $61.2/bbl March: $64.7/bbl April*: $67/bbl&nbsp; In fact petrol prices are down 77 paise&nbsp;through March to pass on the benefit of the low prices seen in February. Analysts now expect to see a Rs 2/lt hike to accommodate the hit to oil marketing companies.&nbsp;
&nbsp;

Brace yourself for a sharp rise in the cost of petrol and diesel as there is a fuel price hike on the anvil given the rising price of crude and also the end of the polling period.&nbsp;
India's crude basket cost has gone up almost $5 since February, when the last hike was -:

February: $61.2/bbl
March: $64.7/bbl
April*: $66/bbl&nbsp;

In fact petrol prices are down 77 paise&nbsp;through March to pass the benefit of the low prices in February. Analysts now expect to see a Rs 2/lt hike to accommodate the hit to oil marketing companies.&nbsp;
&nbsp;

Petrol, Diesel price hike on the anvil, and this one could be big

Analysts see petrol and diesel price being hiked by nearly 2 rupees but price hike likely only post polls end on April 29.&nbsp;

Brace yourself for a sharp rise in the cost of petrol and diesel as there is a fuel price hike on the anvil after polling ends given the rising price of crude globally.&nbsp;
India's crude basket cost has gone up almost $5 since February, when the last hike was -:
<ul>
<li>February: $61.2/bbl</li>
<li>March: $64.7/bbl</li>
<li>April*: $66/bbl&nbsp;</li>
</ul>
In fact petrol prices are down 77 paise&nbsp;through March to pass on the benefit of the low prices seen in February. Analysts now expect to see a Rs 2/lt hike to accommodate the hit to oil marketing companies.&nbsp;
&nbsp;

Acute shortage had led to a huge spike in the price of&nbsp;Remdesivir&nbsp;injection use in Covid-19 treatment, as per govt instructions pharma companies have slashes the rates while raising production of the anti-viral drug.&nbsp;
Here are some of the the revised prices&nbsp;

Cadila: Rs 899 (vs Rs 2,800)
DRL: Rs 2,700 (Vs Rs 5,400)
Cipla: Rs 3,000 (vs Rs 4,000)
Mylan: Rs 3,400 (vs rs 4,800)

Remdesivir is considered a key anti-viral drug in the fight against COVID-19, especially in adult patients with severe complications.
Seven Indian companies are producing Injection Remdesivir under voluntary licensing agreement with Gilead Sciences, USA. They have an installed capacity of about 38.80 lakh units per month.&nbsp;At least six manufacturers have received approval for setting up additional sites that could scale up the production capacity of Remdesivir by 1 million vials per month.
&nbsp;

Pharma companies reduce price of Remdesivir Injection even as black market prices jump 10x

As the shortage for the anti-viral drug Remdesivir&nbsp;continues, the manufacturers of the injection have slashed the price after Indian government's request

Pharma companies reduce price of Remdesivir  

Acute shortage had led to a huge spike in the price of&nbsp;Remdesivir&nbsp;injection use in Covid-19 treatment, as per govt instructions pharma companies have slashes the rates while raising production of the anti-viral drug.&nbsp;
Here are some of the the revised prices&nbsp;
<ul>
<li>Cadila: Rs 899 (vs Rs 2,800)</li>
<li>DRL: Rs 2,700 (Vs Rs 5,400)</li>
<li>Cipla: Rs 3,000 (vs Rs 4,000)</li>
<li>Mylan: Rs 3,400 (vs rs 4,800)</li>
</ul>
Remdesivir is considered a key anti-viral drug in the fight against COVID-19, especially in adult patients with severe complications.
Seven Indian companies are producing Injection Remdesivir under voluntary licensing agreement with Gilead Sciences, USA. They have an installed capacity of about 38.80 lakh units per month.&nbsp;At least six manufacturers have received approval for setting up additional sites that could scale up the production capacity of Remdesivir by 1 million vials per month.
&nbsp;

Retail price rise picked up pace in March, Headline CPI rose to 5.5%&nbsp;in March from 5% in February. This marks a 4-month high for the retail prices.&nbsp;The pick up in inflation came from&nbsp;higher than anticipated uptick in food and fuel prices.&nbsp;&nbsp;Food inflation accelerated to 4.9% YoY in March mainly due to higher price of edible oil, fruits and meat.&nbsp;Industrial production for the month of February contracted&nbsp;3.6% YoY in February vs. -0.9% in January. This contraction however was anticipated given a higher base from last year.&nbsp;

Inflation accelerated further to a four-month high, Industrial production contracts 

Retail price rise picked up pace in March, Headline CPI rose to 5.5%&nbsp;in March from 5% in February. This marks a 4-month high for the retail prices.&nbsp; The pick up in inflation came from&nbsp;higher than anticipated uptick in food and fuel prices.&nbsp;&nbsp;Food inflation accelerated to 4.9% YoY in March mainly due to higher price of edible oil, fruits and meat.&nbsp; Industrial production for the month of February contracted&nbsp;3.6% YoY in February vs. -0.9% in January. This contraction however was anticipated given a higher base from last year.&nbsp;

<ul>
<li>Headline CPI rose to 5.5%&nbsp;in March from 5% in February</li>
<li>Inflation rises to 4 month high&nbsp;</li>
<li>Price rise led by food and fuel inflation&nbsp;</li>
<li>Food inflation accelerated to 4.9% YoY&nbsp;led by rise in edible oil prices</li>
<li>IIP&nbsp;contracts 3.6% in February due to high base effect from last year&nbsp;</li>
</ul>

Retail price rise picked up pace in March, Headline CPI rose to 5.5%&nbsp;in March from 5% in February. This marks a 4-month high for the retail prices.&nbsp; The pick up in inflation came from&nbsp;higher than anticipated uptick in food and fuel prices.&nbsp;&nbsp;Food inflation accelerated to 4.9% YoY in March mainly due to higher price of edible oil, fruits and meat.&nbsp; Industrial production for the month of February contracted&nbsp;3.6% YoY in February vs. -0.9% in January. This contraction however was anticipated given a higher base from last year.&nbsp;

Gold prices continue losing sheen as the bear grip on the yellow metal gets tighter. Having fallen to&nbsp;43,000-per-10-gram level from&nbsp;a&nbsp; high&nbsp;of Rs 56,000 in August last&nbsp;year ,&nbsp;prices are matching the t rends&nbsp;global gold trade as well as a strengthening dollar.&nbsp;&nbsp;&nbsp;Trading near a 10-month low the metal has&nbsp;fallen&nbsp;for 8 out if the last 10 trading sessions.&nbsp;The global gold ETFs have now marked outflows for the third time in four months, and the seventh worst historical monthly holdings loss.&nbsp;&nbsp;Gold holdings in SPDR Gold Trust, the world&rsquo;s largest gold-backed exchange-traded fund, have seen an outflow of 200.5&nbsp;tonnes&nbsp;or 15.6%.&nbsp;

Gold prices fall below 45,000 mark, at 10 month low

Gold prices continue losing sheen as the bear grip on the yellow metal gets tighter. Having fallen to&nbsp;43,000-per-10-gram level from&nbsp;a&nbsp; high&nbsp;of Rs 56,000 in August last&nbsp;year ,&nbsp;prices are matching the t rends&nbsp;global gold trade as well as a strengthening dollar.&nbsp;&nbsp; &nbsp; Trading near a 10-month low the metal has&nbsp;fallen&nbsp;for 8 out if the last 10 trading sessions.&nbsp;The global gold ETFs have now marked outflows for the third time in four months, and the seventh worst historical monthly holdings loss.&nbsp; &nbsp; Gold holdings in SPDR Gold Trust, the world&rsquo;s largest gold-backed exchange-traded fund, have seen an outflow of 200.5&nbsp;tonnes&nbsp;or 15.6%.&nbsp;

Gold in bear grip, down over Rs 10,000 from record high 

Gold prices continue losing sheen as the bear grip on the yellow metal gets tighter. Having fallen to&nbsp;43,000-per-10-gram level from&nbsp;a&nbsp; high&nbsp;of Rs 56,000 in August last&nbsp;year ,&nbsp;prices are matching the t rends&nbsp;global gold trade as well as a strengthening dollar.&nbsp;&nbsp; &nbsp; Trading near a 10-month low the metal has&nbsp;fallen&nbsp;for 8 out if the last 10 trading sessions.&nbsp;The global gold ETFs have now marked outflows for the third time in four months, and the seventh worst historical monthly holdings loss.&nbsp; &nbsp; Gold holdings in SPDR Gold Trust, the world&rsquo;s largest gold-backed exchange-traded fund, have seen an outflow of 200.5&nbsp;tonnes&nbsp;or 15.6%.&nbsp;

Gold prices continue losing sheen as the bear grip on the yellow metal gets tighter. Having fallen to&nbsp;43,000-per-10-gram level from&nbsp;a high&nbsp;of Rs 56,000 in August last&nbsp;year,&nbsp;prices are matching the trends of global gold trade as well as a strengthening dollar.&nbsp;&nbsp; &nbsp; Trading near a 10-month low the metal has&nbsp;fallen&nbsp;for 8 out of the last 10 trading sessions.&nbsp;The global gold ETFs have now marked outflows for the third time in four months, and the seventh worst historical monthly holdings loss.&nbsp; &nbsp; Gold holdings in SPDR Gold Trust, the world&rsquo;s largest gold-backed exchange-traded fund, have seen an outflow of 200.5&nbsp;tonnes&nbsp;or 15.6%.&nbsp;

Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;
Markets were anticipating an increase in oil supplies but OPEC&nbsp;de-facto&nbsp;chief Saudi Arabia is going to extend its one million barrels per day voluntary production cut into April.This spells bad news for India as petrol prices continue to hit record high across the nation.&nbsp;

Worries for petrol prices as global crude oil prices soar on OPEC news

Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;
Markets were anticipating an increase in oil supplies but OPEC&nbsp;de-facto&nbsp;chief Saudi Arabia is going to extend its one million barrels per day voluntary production cut into April. This spells bad news for India as petrol prices continue to hit record high across the nation.&nbsp;

OPEC holds back supply, crude oil prices spike 

Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;
Markets were anticipating an increase in oil supplies but OPEC&nbsp;de-facto&nbsp;chief Saudi Arabia is going to extend its one million barrels per day voluntary production cut into April.
This spells bad news for India as petrol prices continue to hit record high across the nation.&nbsp;

Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;
Markets were anticipating an increase in oil supplies but OPEC&nbsp;de-facto&nbsp;chief Saudi Arabia is going to extend its one million barrels per day voluntary production cut into April. This spells bad news for India as petrol prices continue to hit record high across the nation.&nbsp;

&nbsp;As crude prices remain steady around $60/bbl&nbsp;all eyes on OPEC+ meet as the world&rsquo;s largest oil producers set to decide if supply of oil should&nbsp;be increased. OPEC along with Russia.&nbsp;The Organization of the Petroleum Exporting Countries and its allies led by Russia, ,&nbsp;could discuss allowing as much as 1.5 million barrels per day back onto the global market.&nbsp;&nbsp;
OPEC+ continues to hold around 7 million bpd off the markets even as demand has to started pick up across the globe.&nbsp; Prices also gone up multi-fold from the pandemic lows&nbsp;of sub $20/bbl&nbsp;mark.&nbsp;&nbsp;
This comes at a time when India is already facing record high prices at petrol&nbsp;pumps .&nbsp;Indian Oil Minister has urged the 23 national coalition to keep policy and output stable.&nbsp;India imports 80% of&nbsp;it&rsquo;s&nbsp;crude demand.&nbsp;&nbsp;

OPEC to decide on oil supplies, crude prices hover around $60

&nbsp;As crude prices remain steady around $60/bbl&nbsp;all eyes on OPEC+ meet as the world&rsquo;s largest oil producers set to decide if supply of oil should&nbsp;be increased. OPEC along with Russia.&nbsp;The Organization of the Petroleum Exporting Countries and its allies led by Russia, ,&nbsp;could discuss allowing as much as 1.5 million barrels per day back onto the global market.&nbsp;&nbsp;
 OPEC+ continues to hold around 7 million bpd off the markets even as demand has to started pick up across the globe.&nbsp; Prices also gone up multi-fold from the pandemic lows&nbsp;of sub $20/bbl&nbsp;mark.&nbsp;&nbsp;
 This comes at a time when India is already facing record high prices at petrol&nbsp;pumps .&nbsp;Indian Oil Minister has urged the 23 national coalition to keep policy and output stable.&nbsp;India imports 80% of&nbsp;it&rsquo;s&nbsp;crude demand.&nbsp;&nbsp;

&nbsp;As crude prices remain steady around $60/bbl&nbsp;all eyes on OPEC+ meet as the world&rsquo;s largest oil producers set to decide if supply of oil should&nbsp;be increased. OPEC along with Russia.&nbsp;The Organization of the Petroleum Exporting Countries and its allies led by Russia, ,&nbsp;could discuss allowing as much as 1.5 million barrels per day back onto the global market.&nbsp;&nbsp;
 OPEC+ continues to hold around 7 million bpd off the markets even as demand has to started pick up across the globe.&nbsp; Prices also gone up multi-fold from the pandemic lows&nbsp;of sub $20/bbl&nbsp;mark.&nbsp;&nbsp;
 This comes at a time when India is already facing record high prices at petrol&nbsp;pumps .&nbsp;Indian Oil Minister has urged the 23 national coalition to keep policy and output stable.&nbsp;India imports 80% of&nbsp;it&rsquo;s&nbsp;crude demand.&nbsp;&nbsp;

The push to include petrol and petroleum products under the GST&nbsp;just got stronger.&nbsp;
Chief Economic Advisor K.V. Subramanian has also voiced&nbsp; the backing to bring petroleum products under the ambit of the Goods and Services Tax.
This comes as the FM and Oil Minister both while reacting the rising duties and taxes on fuel said that better coordination&nbsp;is needed between state and centre on the issue and maybe inclusion into GST&nbsp;is a viable option.&nbsp;
The GST&nbsp;council is set to meet this month.
&nbsp;

Sitharaman on fuel price: not just Centre but states charge duties as well

Fuelling the GST inclusion debate

The push to include petrol and petroleum products under the GST&nbsp;just got stronger.&nbsp; Union Finance Minister Nirmala Sitharaman on Friday said&nbsp;that the rising fuel prices is putting a burden and creating a hole in consumers' pockets. She said it is not just the Centre which has duties on petroleum price but the states charge as well and added that&nbsp;41% of revenue earned goes to states as well. She further said that it is a matter that both states and Centre should discuss as&nbsp; .&nbsp; Meanwhile,&nbsp;Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;

The push to include petrol and petroleum products under the GST&nbsp;just got stronger.&nbsp; Union Finance Minister Nirmala Sitharaman on Friday said&nbsp;that the rising fuel prices is putting a burden and creating a hole in consumers' pockets. She said it is not just the Centre which has duties on petroleum price but the states charge as well and added that&nbsp;41% of revenue earned goes to states as well. She further said that it is a matter that both states and Centre should discuss as . Meanwhile,&nbsp;Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC&nbsp;decided to hold back on increasing supplies.&nbsp;
&nbsp;

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty.&nbsp;Case-Shiller Home Price Indices&nbsp;&nbsp;which measures average home prices in major metropolitan areas saw one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in home sales across the United States.&nbsp;Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.
&nbsp;

Home Prices Surge In United States

US Home Prices Soar In December

The realty market continue to heat up across the United states Home prices as tracked by Case-Shiller Home Price Indices&nbsp;&nbsp;jumped 10.4% in December. This is also one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in demand for&nbsp;homesacross the United States. Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty.&nbsp;Case-Shiller Home Price Indices&nbsp;&nbsp;which measures average home prices in major metropolitan areas saw one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in home sales across the United States.&nbsp;Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.

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