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January 14: The lensman`s view

  • January 14: The lensman`s view

    January 14: The lensman`s view

  • <p><b>A woman sells fish at a wholesale market at a fish harbour in Mumbai</b>
</p><p>
India&#39;s wholesale price index (WPI) rose an annual 8.43% in December on higher food prices, government data showed on Friday.
</p><p>
The figure compared with the median forecast for an 8.35% rise in a Reuters poll and was higher than the annual rise of 7.48% in November, which was its lowest level in a year.
</p><p>
The annual reading for October was upwardly revised to 9.12% from 8.58%.
</p>

    A woman sells fish at a wholesale market at a fish harbour in Mumbai

    India's wholesale price index (WPI) rose an annual 8.43% in December on higher food prices, government data showed on Friday.

    The figure compared with the median forecast for an 8.35% rise in a Reuters poll and was higher than the annual rise of 7.48% in November, which was its lowest level in a year.

    The annual reading for October was upwardly revised to 9.12% from 8.58%.

  • <p><b>A labourer sits on a sack of onions as she takes a break at a wholesale market in Hyderabad</b>
</p><p>
The trebling of onion prices in India is not just making street hawker Kamlesh Gupta struggle to keep his children in school but is now threatening the stability of the Congress party-led coalition government.
</p><p>
The world faces soaring food inflation but in a country where 40 per cent of the 1.2 billion population lives below the World Bank-estimated poverty line, it cuts deep.
</p><p>
\"It&#39;s hard to survive,\" said Gupta, a 35-year-old street hawker at a vegetable market, a bazaar typical of the many in New Delhi where shoppers haggle with merchants as they seek bargains.
</p>

    A labourer sits on a sack of onions as she takes a break at a wholesale market in Hyderabad

    The trebling of onion prices in India is not just making street hawker Kamlesh Gupta struggle to keep his children in school but is now threatening the stability of the Congress party-led coalition government.

    The world faces soaring food inflation but in a country where 40 per cent of the 1.2 billion population lives below the World Bank-estimated poverty line, it cuts deep.

    \"It's hard to survive,\" said Gupta, a 35-year-old street hawker at a vegetable market, a bazaar typical of the many in New Delhi where shoppers haggle with merchants as they seek bargains.

  • <p><b>People walk past the Bombay Stock Exchange (BSE) building in Mumbai</b>
</p><p>
The BSE Sensex fell below 19,000 for the first time since late November 2010, with lenders leading the fall, as accelerating inflation cemented expectations that the Reserve Bank may hike interest rates.
</p><p>
At 2:38 pm, the 30-share BSE index was down 1.29 per cent at 18,934.90 points, with 26 components declining. It had last slipped below 19,000 on November 26, 2010.
</p><p>
The 50-share NSE index was down 1.4 per cent at 5,670.
</p>

    People walk past the Bombay Stock Exchange (BSE) building in Mumbai

    The BSE Sensex fell below 19,000 for the first time since late November 2010, with lenders leading the fall, as accelerating inflation cemented expectations that the Reserve Bank may hike interest rates.

    At 2:38 pm, the 30-share BSE index was down 1.29 per cent at 18,934.90 points, with 26 components declining. It had last slipped below 19,000 on November 26, 2010.

    The 50-share NSE index was down 1.4 per cent at 5,670.

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