Amul, Mother Dairy Increase Milk Prices by Rs2 per Litre
Moneylife Digital Team 03 June 2024
As if waiting for a cue, after the completion of the voting process of the Lok Sabha elections, the two biggest milk brands, Amul and Mother Dairy, decided to hike the milk prices by Rs2 per litre from 3 June 2024.
In a statement, the Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the 'Amul' brand, says the increase of Rs2 per litre translates to a range of 3%-4% hike in maximum retail price (MRP) that is much lower than average food inflation.
Mother Dairy also announced a Rs2 per litre hike in milk prices in the Delhi-National Capital Region (NCR), citing the rise in input cost over the past 15 months. The increase in prices of all variants of milk is effective from Monday (3 June 2024) in Delhi-NCR as well as other markets where it has a presence, Mother Dairy says.
Fraud Alert: Scammers Playing Longer 'Pig Butchering' Games
Yogesh Sapkale, 31 May 2024
Mumbai-based Shishir Kumar (name changed), a retired director of a public sector unit (PSU), wanted to dabble in online trading. By clicking a link on a Facebook ad, he was added to a WhatsApp group. He was also 'trained' by experts...
Housing Society Problems and Solutions: Rule Violations by Shop-owners in Residential Society
Shirish Shanbhag 30 May 2024
Occasionally, the ground floor of housing societies is demarcated as commercial area and shops or other businesses are allowed to offer their services to the public from therein. Such shop-owners are still considered to be members of...
Service and Transaction Calls To Originate from 160 Number Series Soon: DoT
Moneylife Digital Team 29 May 2024
In a positive move to help people distinguish between essential calls and spam, the department of telecom (DoT) has allocated a separate 10-digit numbering series starting with 160 for service and transactional calls made by...
Moneylife Foundation’s Pathbreaking Study Identifies the Best and Worst Banks in India in Terms of Service Charges
Moneylife Digital Team 24 May 2024
A pathbreaking new research uncovers substantial variations in service charges levied by banks across India on basic savings bank accounts. The study, "Benchmarking Reasonableness of Service Charges by Banks in India" authored by Dr...
Free Helpline
Legal Credit