Page 2 - Households

Work sought under MGNREGS in June still higher than before Covid

According to economists and policymakers, this reflects the continued lure of MGNREGS among rural manual casual labour despite a near resumption of economic activity, both in rural and urban areas

US household wealth declines for first time in 2 years in 1st quarter

US household wealth has declined by more than $500 billion from record figures of previous year

Around 31 mn households demand work under MGNREGA in May, up 11% YoY

The figure is also much higher than the corresponding pre-Covid period, data shows

Monthly budget up 10% in three months amid rising fuel prices: Survey

Seventy per cent of those surveyed saw at least 10 per cent increase in their monthly budget, while 55 per cent expect prices to go up by another 10 per cent in the next three months

Consumer sentiments rise slowly

Wounds of pandemic-induced lockdowns on households are healing

93% households in Delhi have access to piped water supply: Economic Survey

Based on the norm of 60 gallons per capita per day (GPCD), a population of 23 million (as per projections) required 1,380 MGD of water this month

Survey shows 66% of respondents feel income levels down from pre-pandemic

Only 34% of the overall sample reported that their household cereal consumption in the month preceding the survey was sufficient

Consumer sentiments fell in December

The return to normalcy in December 2021 was celebrated by the rich and not by the rest

Households see rise in inflation in near- and medium-term: RBI survey

Meanwhile, consumer confidence continued to improve from the historic low recorded in July 2021, another survey released by the RBI said

Most households paying 50% more for tomatoes, shows survey

The average retail price paid by most households increased by 25 per cent in two months and 50 per cent in a year

Procter & Gamble Home Products FY21 profit up over 3-folds to Rs 482.50 cr

Procter & Gamble Home Products Ltd's net profit has surged over three-folds to Rs 482.50 crore and its revenue from operation grew 6.25 per cent to Rs 6,196.03 crore in the pandemic hit FY21, as per regulatory documents. The FMCG major had logged a net profit of Rs 152.29 crore in FY'20, while its revenue from operation in that year was at Rs 5,831.76 crore. Procter & Gamble Home Products Ltd's (PGHPL) total income went up 6.91 per cent at Rs 6,313.71 crore in the fiscal ended March 2021, as against Rs 5,905.52 crore in the preceding financial year, according to the Registrar of Companies filing - shared by market intelligence firm Tofler. In FY21, PGHPL's other income rose 59.54 per cent to Rs 117.68 crore as against Rs 73.76 crore a year ago. During the financial year 2020-21, its total expenses were at 5,647.78 crore as against Rs 5,610.84 crore in the previous year. The company operates into detergents, baby diapers and hair care products.

A stalled growth engine

Household debt-fuelled growth is not sustainable

Statsguru: Five charts explain India's household balance sheet

Debt grew fastest for the urban households that sustain on self-employment

Indian farmers are now predominantly labourers, national survey suggests

Farmer households earned more from wages than from cultivation in 2019, as the latter stagnated

Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

Axis My India plans Rs 500 cr tech platform to connect 250 mn households

Market research firm Axis My India is developing a digital platform with focus on two-way communication problem solving to connect 25 crore households with it over the next three years, a top company official said. Axis My India founder and Chairman & Managing Director Pradeep Gupta told PTI that the company has plans to invest up to Rs 500 crore in the project which will be raised through debt and equity dilution. Founded in 1998, the company is known for conducting surveys during general and Assembly elections through which it claims to have reached out to around 8.5 crore households. "Exit polls or opinion polls are part of market research. Now, we have a vision to resolve problems of all 25 crore Indian households, which is an ambitious plan and no doubt very challenging as well. "We are trying to create a two-way communication problem solving platform by providing required information to people and act like facilitation centres," Gupta said. He said the company has already ..

From households to FMCG companies, commodity inflation bites hard

The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers

People saving less, household savings moderate in third quarter FY21

The ratio of household (bank) deposits to GDP also declined to 3.0 per cent in the October -December quarter of FY21 from 7.7 per cent in the previous quarter.

4% more households demand work under MGNREGA in April, shows data

The April work demand was much higher than the same month last year when the figure was 13.4 million

Domestic LPG price hiked by Rs 25 per cylinder, to cost Rs 819 in New Delhi

Domestic cylinder price hiked by Rs 125 in less than 30 days