According to the Food and Agriculture Organization of the United NationsAfter the corona epidemic came in the world, the income of the common people decreased rapidly. Many people also became unemployed. Not only this, day by day inflation also increased. Rising inflation around the world has spoiled the taste of people’s plate. People have started cutting down on kitchen and food items to save. People believe that in the coming days, it will be difficult to run a family in the rising inflation. Its effect has started showing in many countries including India, America, Brazil and Nigeria. Those who earlier used to order two packets of milk every day are now asking for only one packet.
India: Fuel prices hiked, food items 33% expensive
Fuel prices rose sharply in the country during the Corona epidemic. Due to this there has been a huge increase in the transportation cost. This directly affected the food and drink. Food items for domesticated and milch cattle also became expensive. Due to this dairy products including milk also became expensive. Overall, food and drink became costlier by 33%. Which had an effect on the kitchen of the common people.
Edible oil prices in a month 20 percent up
Edible oils and pulses have once again increased the problems of the common man. The situation is that after the fall in the prices of edible oils in the last months, the prices of edible oils have increased once again, while pulses have also become expensive in the last one month. Under which the price of edible oils has increased by 20 percent and the prices of pulses by 10 percent in a month.
such an increase… Prices of pulses in the retail markets of Delhi
food item : Quote of 20th July – 20 august quotes
- Mustard oil was Rs 145 a liter on 20 July, while it reached Rs 165 a liter on 20 August
- Refined oil from Rs 150 to Rs 155 a liter
- Arhar dal reached from 100 to 110 rupees
- Malka dal at Rs 85 to 90
- Urad dal also rose by Rs 5 to reach from 95 to 100
- Chana dal also increased from 70 to 75.
- Rajma jumped from 125 to 145.
kitchen budget messed up
The budget of the kitchen has been disturbed due to the huge increase in the prices of daily use food items. Edible oils have risen by Rs 10 to 15 per liter in twenty days. Due to the ongoing turmoil in the market, edible oils have gained momentum. Continuous increase in the prices of petrol and diesel is also one of the reasons for inflation. According to edible oil traders, the prices of edible oils started increasing after the lockdown, which is continuing till now.
LPG Price Hike
Although gas prices are changed by the government oil companies at the beginning of every month, but this time the price of gas has been increased in the middle of the month as well. This time the price of gas has been increased by Rs 25, after which the price of gas cylinder in Delhi has gone up to Rs 859.50. If we talk about the last one year, then till now the price of LPG gas has increased by Rs 265.50.
petrol and diesel
Petrol and diesel prices were hiked on July 17. Petrol prices were increased by Rs 11.44 per liter and diesel by Rs 9.14 per liter from May 4 to July 17. Due to this increase, petrol had crossed Rs 100 per liter in more than half of the states of the country.
lockdown hit women more
National Bureau of Economic Research (NBER) in a survey of It was revealed that due to Corona and the lockdown imposed for its prevention, the lives of people in the villages of North India became worse and how much trouble they had to face. One special thing about the results is that women were hit the most. He was facing financial crunch, he was too hungry to eat, and because of this he was surrounded by stress, depression.
NBER Five states- Uttar Pradesh, Rajasthan,A state in Eastern India, This phone survey was done in some villages of Jharkhand and Madhya Pradesh. NBER conducted this survey twice in September 2019 and August 2020 and during this about 20-30 minutes the head of the house and the woman running the house were talked to on the phone.
NBER It was found in the survey that the condition of the people in the villages deteriorated during the Corona period. ,Due to the epidemic, there was a shortage of money in the house and people could not even get the necessary food. Due to the prolonged epidemic, people got stressed and the worry about lack of food and drink due to decreasing income put them in trouble. Even after the 2020 lockdown, people faced a lot of problems due to the non-opening of the lockdown completely.
Adverse effect on mental health due to Korana and lockdown
Due to the lack of medical facilities in the difficult times of the corona epidemic and the loss of work due to the lockdown from above, depression, anxiety, and other mental health problems increased by 40 percent in people. In areas where the lockdown was more, the mental health of 45 percent of the people was badly affected. In fact, after the second wave of Corona in 2021, the lockdown continued in those areas or districts where there were more cases. It was found in the survey that the mental health of the people where the lockdown remained in place had more impact.
Revealed in the survey: After the epidemic, the youth’s highest emphasis on raising funds for the future
Due to the financial crisis arising during the Corona epidemic, there has been a positive change in investment in the Indian youth. They are investing more now than ever before. The main reason for this is to protect ourselves from the pressure of rising inflation and future expenses. Said in the survey of online investment platform Grow It has been found that 59.8 percent of Indian youth are placing the most emphasis on raising funds for expenses and retirement. About 9.5 percent of the youth are saving money to pursue higher education, for which they are emphasizing on investment. 30.7% youth are investing for better lifestyle needs. This includes traveling as well as fulfilling other personal goals. Grow surveys more than 20,000 youth based on.
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- surveyed 52.9 Percentage youth say that they have invested for financial security of themselves and family.
- 37.3 Percent want to raise money for financial freedom. He says that financial freedom gives you the courage to decide how you want to live life.
More investment in the pandemic
The survey said that during the pandemic, there has been a significant change in the thinking of Indian youth towards investment. This is the reason why 40.2% of youth are investing more now than the pre-Covid-19 level. 26.6 per cent believe that the pandemic has not affected their investment decisions.
Friends have the biggest influence on financial decisions
Friends and colleagues have a greater influence in the investment decisions of Indian youth.
- 30.6% invest on his advice.
- 27.4 percent of youth are dependent on news, 23.4 percent on social media.
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