Households

India's food consumption expenditure trends reveal a reassuring shift

The HCES data not only points to a secular decline in the share of food items in the spending basket, but also reveals a shift in the composition of food expenditure itself

Household optimism on economic conditions for coming year takes a hit

Sentiments about current employment conditions & own income deteriorate

Household savings take a hit, Rs 60,000 crore lost annually in F&O trading

Sebi Chairperson Madhabi Puri Buch noted that trading volumes in the F&O segment have surged over the past three years, growing at an unprecedented rate

7 years of GST: Households emerge top beneficiaries, shows CBIC data

Finance Minister Nirmala Sitharaman said: "I want to reassure the assessees that our intent is to make GST assessees' life easier. We are working towards lesser compliance"

Needed: A data sensitisation blitz

What changed in the Household Consumption Expenditure Survey 2022-23 - and did it deliver?

Per capita cereal consumption below 10 kg in rural areas in 2022-23: Survey

The consumption of cereals in rural households declined to 9.61 kg in 2022-23 from 11.23 kg in 2011-12, while in urban households, it declined to 8.05 kg from 9.32 kg over the same period

City-gas distribution entities lag on minimum work programme: PNGRB

Authorised CGDs have provided half of their targeted PNG connections to households

'Household spending may grow 6.7% in 2024 on mild inflation, income surge'

The report also notes that the current situation index (CSI) and future expectations index (FEI) are above their pre-pandemic levels (at 89.4 and 118.0 respectively)

Bull run inspires another 4 million to open demat accounts in February

Influx of new investors shows that more households are taking to direct investing

Households see a rise in inflationary pressures for year ahead: RBI survey

Consumer confidence stable; fairly optimistic about economy, employment, income

Every 4th Indian uses cash for 25% of monthly household items: LocalCircles

Close to 56 per cent of the respondents polled in the survey added that around 5 to 25 per cent of their monthly household purchases

Household, personal care sector to yield additional $62 bn by 2030: WEF

Household products and personal care sector can generate up to an additional USD 62 billion in annual business value by 2030 if it makes nature a central focus of its operations, a new research by the World Economic Forum (WEF) said on Tuesday. The projection is part of a broader USD 10.1-trillion business opportunity that could be unlocked by 2030 if more nature-positive solutions are embraced by the private sector, the WEF said. By emphasising on water stewardship, responsible sourcing, nature conservation, and circularity, household products and personal care sector can reshape its role in halting and reversing nature loss by 2030, the research titled Nature Positive: Role of the Household and Personal Care said. The sector currently generates around USD 700 billion in annual revenue, but sometimes at the expense of the environment. For instance, the cosmetics industry alone produces 120 billion packaging units a year. Palm oil -- a common ingredient in many cosmetics and ...

Households in Covid vulnerable districts bought more gold: IIMA study

Households in India's COVID-19 vulnerable districts allocated more gold to their savings portfolio during the pandemic compared to households in other districts, as per a study conducted by the Indian Institute of Management Ahmedabad (IIMA). The shift towards gold is accompanied by a shift away from other financial assets and cash, as per the IIMA working paper titled 'Gold in household portfolios during a pandemic: Evidence from an emerging economy'. The study, published on IIMA's website on June 30, captured the variation in the intensity of the crisis using two main indicators: COVID-19 cases per 1,000 population, and satellite-based night-time lights intensity. The survey covered 142 districts across 21 states. India is the second-largest consumer of gold (in the form of jewellery) in the world and an average Indian household invests 11 per cent of its overall holdings in the precious metal, as per the study paper. It said addressing geographical inequalities in the availabil

Demand for work under MGNREGS hits a 23-month high in June, shows data

As far as monsoon is concerned, southwest monsoon has, since the middle of June, picked up much pace

3/4 of all Indian households are debt-free, 69% save in banking instruments

The survey covered over 40,000 households, both rural and urban from 25 states.

Have commenced dispensing CNG, PNG connections to households: IndianOil

State-owned IndianOil commenced dispensing of CNG and PNG (piped natural gas) connections to residential units and the company has set a target of providing 1.50 crore connections across the country, a top official has said. A CNG (compressed natural gas) cylinder testing unit, claimed to be the first-of-its-kind to be set up in Tamil Nadu by AIRVIO Technologies, was inaugurated by IndianOil Corporation Ltd Director-Pipelines S Nanaware near here. CNG and PNG are almost 30 per cent cheaper than alternate fuels and considered "very safe", he said. "It does not have any problem as compared with LPG and MS (motor spirit). This is very safe. In particular, households wherever they are using it as a fuel are safe. Because this is lighter than air and (even) if any leakage is there, it will go into the air without causing any harm to anybody and it is also cheaper," he told reporters. Responding to a query, he said for IndianOil Corporation, the target is to provide 1.50 crore in the ...

No state has below 30% household coverage of tap water connection: Official

No state has less than 30 per cent household coverage of tap water connection in rural India and there is no habitation in the country which does not have portable drinking water at least to the extent needed for cooking and drinking, a senior official said. Addressing the 16th Civil Services Day, Secretary, Department of Drinking Water and Sanitation Vini Mahajan said more than 8.54 crore rural households with more than 40 crore people have benefitted under the programme. "This is more than the population of the US, almost twice that of Brazil and Nigeria," she added. "No state has below 30 per cent household coverage of tap water connection in rural India. No habitation in country which does not have portable drinking water at least to the extent of 8-10 lpcd needed for cooking and drinking," Mahajan said. According to the Jal Jeevan Mission data, West Bengal has the lowest coverage of tap water connections at 32 per cent among states while Lakshadweep has the lowest coverage amo

Consumer sentiments fall short

Expectations of household incomes a year later turned positive in March 2023 for the first time since April 2020

60% households expect dip in earning, seek relief in Budget 2023: Survey

More than half of households in a survey conducted online across 309 districts expect a decline in their income by up to 25 per cent and dip in savings, and are looking for relief in the coming budget, online platform LocalCircles said on Sunday. The survey, conducted between November 25 and January 25, found that with job losses and hiring sentiment turning negative, 52 per cent respondents feel that the economic uncertainty will persist for the next 6-12 months. LocalCircles claimed that 37,000 responses were received from household consumers across 309 districts of India, comprising 64 per cent men, 36 per cent women from tier 1, tier 2 and smaller towns as well. "Our survey indicates that majority households in the country are facing the squeeze and in community discussions thousands of inputs were received by LocalCircles about lowering income tax rates or increasing deductions and exemptions," LocalCircles founder Sachin Taparia said. The number of responses on each question

Refrigerator prices may rise up to 5% as BEE labelling norms kick in

Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models. Besides tightening the labelling, the new norms also mandate separate star labelling for freezers and refrigerator provisioning units (storage part) of the frost-free models. "Now, we have to declare labelling for both. That is the new change," said Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI. When asked about the price increase, he said: "In every energy efficiency tightening, cost inputs go up a little bit to achieve those efficiencies through better insulation and around 2-3 per cent price hike because of this will be happening, depending on various models and star ratings". Moreov