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    India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceiling

    India's retail inflation accelerated to 6.09% in October, largely driven by rising food prices and supply disruptions. Food inflation significantly contributed to overall price increases, affecting household staples like onions and proteins. Economists noted concerns about potential double-digit inflation for various food categories amid global price pressures. The Reserve Bank of India expects average inflation for the financial year to be around 5.2%.

    Milk & money: What’s making India’s daily dose of doodh more expensive?

    Amul and Mother Dairy have recently raised milk prices by Rs 2-4 per litre to address higher production costs. Karnataka's Nandini also increased prices in early November to enhance farmer earnings. Rising expenditures for fodder, cattle feed, and operational costs have pressured dairy companies. Although India remains the largest milk producer, growth rates have slowed, affecting supply dynamics.

    My cook earns Rs 1 lakh a month and is going to Thailand: Mumbai man says he has better financial planning than MBA, IIT graduates

    A Mumbai man's LinkedIn post about his cook earning Rs 1.05 lakh monthly through multiple jobs has sparked a debate on financial planning. He compared the cook's savings, income sources and spending habits with those of MBA and IIT graduates. The 34-year-old cook is now planning his first international trip to Thailand.

    India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030

    The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.

    Moody’s raises India FY27 growth forecast to 7% as economy weathers Iran war energy shock

    Moody’s Ratings has raised India’s FY27 growth forecast to 7% from 6.5%, citing resilient domestic consumption, improving investment and the economy’s ability to absorb the Iran war-induced energy shock. Robust capital goods activity and industrial credit growth point to a possible private capex revival, though inflation and tighter monetary policy pose risks.

    Behind Bangladesh's garment boom, workers cut food, healthcare as wages fall short

    Garment workers in Bangladesh are facing financial struggles due to rising costs of living. Many workers, such as Shilpi Khatun, have seen wages stagnate while expenses continue to rise. Protests erupted recently, demanding an increase in the minimum monthly wage to 30,000 taka. The government plans to revise wages but has not announced the increase yet. The ongoing economic pressures are affecting workers' daily lives and choices.

    The Economic Times
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