Little sign of X'mas cheer
01.01.70
Hemmed in by rising raw material costs and costly borrowing, companies are looking for means to strengthen margins and are raising prices than offering discounts.
The Reserve Bank of India (RBI) has raised interest rates 13 times in the past 20 months to tame inflation. The Bank paused finally this month, as the continuous monetary tightening seems to have lately succeeded in taming the price monster, albeit in a small measure.
The cost of this tightening: families have been forced to cut down on non-essential expenses. And with loans turning costlier, purchase of goods such as cars, bought mostly via loans, are being put off.
“We had wanted to buy a LED TV but have put it on hold, till don’t know when,” said Sumati Parama, a Chennai-based homemaker. “We had also planned to go in for a new two-wheeler, but are really thinking whether to or not, given the four-time increase in petrol prices.”
The tug-of-war between sliding growth and rising inflation has severely hurt consumption demand, the edifice of the India growth story, and its showing.
Source: Hindustan Times
Edible Gifts for the Holidays
01.01.70
In the present day world of discount mega stores and Black Friday deals, a handcrafted gift has indeed become a rare and cherished item.
Consider making some homemade treats from the kitchen this year in lieu of a scented candle or monogramed guest towels. The recipient will - no doubt - appreciate the time, effort, and gratification of your thoughtful gift.
I’ve come up with a few ideas to help you get started on this quest.
Think you don’t have the time? Most of these will take you less time than driving to the mall and back. Enlist your kids help, and you have now just created a new holiday memory for your family.
White Chocolate Peppermint Pretzel Rods
This one is incredibly easy and fun for even young children to make. If you don't like peppermint, consider using fruit-flavored candy canes, festive sprinkles or holiday-colored M&M's.
1 box peppermint candy canes
Source: Patch.com