VBuy.in - Pricing Comparison Search Engine Launched

India’s first map based product and pricing comparison search engine of trusted local retailers, VBuy.in announced its launch. VBuy.in is a product of VS Online Services Private Limited, a technology company passionate about new technology and like to engage with businesses, which are equally passionate. This portal is a perfect source for providing accurate information about nearest retailers’selling electronics, mobiles & tablets, computers & laptops and Home & Kitchen products.

Being India’s first map based product and pricing comparison portal VBuy.in is planned to address the queries related to product categories initially by providing a ROBO (Research Online Buy Offline) site. The categories given on the website are wide and help buyers in saving their time which they may waste in going from one shop to other.

Mr. Sivakumar Anirudhan, founder & CEO, VBuy.in delighted at the launch and said, “VBuy.in is a Software that works as a Service platform, exclusively for local brick and mortar store and small business owners. Opening an Online platform for each brick and mortar store, needs huge initial investment with additional operational and maintenance cost. Also, consumers don't get time to visit all sites for each of the products they need to buy. VBuy.in’s goal is to increase sales for retailers, locally owned business through VBuy.in platform and amazing shopping experience for buyers.”

VBuy.in is a win-win situation portal for both customers and retailers. On one hand, customers can contact directly with their nearby stores using VBuy.inportal and utilize it for negotiating the price of required products with the retailer. While on the other retailers would never miss their nearby customers by making their local presence strong. The android app of VBuy.in will also be launched soon.

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Bottleneck is Prime Concern in Odisha?

 The cyclone in Odisha is proved a double edge sword for the people – first the panic of cyclone aftermath and the sky rocketing prices. In the market, the price of vegetables is out of reach of the people due the bottleneck in the supply side.

Once potato was common vegetable and popular food recipe in the state, but of late the scenario has been changed. The price has been doubled since the cyclone struck the coastal belt of the state. In the list of dearer goods, onion has been in the list and the same was missing from the market across the country let alone Odisha market.

Next the potato followed by rumors about the salt in the market. It is the perfect time for the vendors and dealers to practice the bottleneck method to gain maximum profit in short period.

In economics, the supply and demand forces in the market determine the price. That is fact, when it comes to bottleneck over the supply side; it is obvious that demand would go high making the price of the goods to a new high.

In order to control the situation the state government has made adequate steps to check the bottleneck by ordering potatoes from neighbor states. In a next couple of weeks, the situation would be normal again since the supply side correction would bring down the price in the market.

But the big question is that, should there not be any mechanism to check the bottleneck beforehand.

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Gold up by Rs 173 in Futures Trade

The yellow metal continued its recovery for the third consecutive trading session on Monday and increased by Rs 173 to Rs 26,220 per 10 gm in futures trade.

Globally, gold climbed 1.14 percent or USD 16.10 to USD 1,422.60 per ounce.

Analysts said that "Besides, rising physical demand at current levels, covering-up of short positions by speculators, helped gold prices to rise at futures trade here, recovery in the global markets as investors enlarged positions, taking advantage of the biggest plunge in prices in three decades, helped gold futures to extend its recovery move at futures trade.”

Increasing demand in the present levels, in the domestic spot market, has also influenced prices, they added.

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Advertising is all Glitter and Little Truth

Companies invest lot of money in the advertising, they want their products to reach the people and want them to be remembered by the people.

The main idea behind advertising is to convey the features of the product, and its uses. We cannot deny the fact that, there are people and there are companies who use advertising as a medium to cheat people and to sell their products. But how long people will believe the advertisement.

Until people choose the particular product. Advertising helps to make the people purchase the product for the first time, but not every time.

The second time people think of buying a product, it will only be the quality of the product that will make them come back to you. So, all companies are not alike and not all people are alike.

So, keeping in mind those few people who cheat and use advertising as a medium, to convey wrong information to the people about a product.

It is not right to say that all people are so, and all advertisements convey false messages, you may find one or two that are so, but to say that every advertisement is so, will be wrong.

When companies or people go for advertising a particular product. Their reputation and companies reputation is at stake.

If after spending so much of money for advertising, no one would want, their company to earn bad name.

Definitely not a company that is looking for a long term business. So, some times may be you can find those kinds of advertisements that are aimed at generating temporary benefits, but this is not definitely the route, that will be chosen by people or companies.

That plan to do a long term business and want to have good reputation in the market, advertising will help to reach the customers..

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Raising Petrol Prices-Government Can Control?

Before talking about, regulation of fuel prices, and other aspects, it is important to know the reason as to why fuel prices go up. The main reasons, the cost of crude oil and the cost of refined petrol and diesel on the world market. Crude oil makes up a significant portion of the cost of fuel. Crude oil is traded in US$ as a commodity on the international market. The market is influenced by a number of factors including global demand, supply, political events and manufacturing capability.

Refineries purchase crude oil on the international market to make it into petrol and diesel. Refined product is also traded on the international market and has its own pricing. As with crude oil the market moves according to global supply and demand. When the price of refined fuel rises, need to pay more, and when it drops, we pay less. In brief, a combination of the cost of crude oil and refined products are a significant factor, in determining, the price we pay for fuel.

The next most influential factor on the price at the pump is the exchange rate, as oil and refined products are sold in US Dollars. International shipping also has an effect on the price. Competition, in a particular market and transport costs are also the other main factors that cause prices to sometimes vary from place to place.

So, all these factors have a very major role to play, in determining the fuel prices, and if Government has any control, it will be only in the subsidy that it is giving. We cannot create crude oil wells, or petrol wells, but there are definitely things we can do on our part. We can definitely use the resources we have carefully, and can take measures to educate people and to create awareness, in the public to use fuel carefully, to the needed extent. And we can start investing on research and development for solutions on alternatives on fuel usage, for the future needs.

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Bharat bandh Today opposing Petrol Price Hike

Bharat bandh called on Thursday, May 31, 2012 by opposition parties opposing the hike in the petrol prices in India by the UPA government. This time the hike of petrol was not matter of one or two but around 7 rupees, the biggest hike in the price petrol in India.

Normal life affected in the country due to the strike, shops were closed and plying of vehicles completely stopped in many parts of the country including Odisha. In the capital of Odisha, Bubaneswar, there has been huger response to the strike. Many roads in the city were blocked and activists stopped commuters to reach their destination.

The strike by opposition parties including the BJP was called opposing the hike in the petrol price recently by the central government. The fall in the value of rupees against dollar in the international market made the crude costlier for the oil companies in importing oil from other countries.  

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Petrol price to go up again?

Business News: There are chances of getting petrol costlier again by the end of March, as the oil companies are reportedly preparing the hike the petrol price to cover the loss due to low price. The budget is over and the elections in the five states, so it has been anticipated that the petrol price might go up after the budget.

The hike in the petrol price is going to hit the pocket and budget of household, which has already been crushed due the hike many times before. However, the government will review the price of diesel, which might seen a hike as well.

The high inflation in the goods and services has been weighting high on the common-men in this country. The union budget gave bit relief by raising the income tax slab to 2 lacs. The once more hike in the petrol price will push the inflation further up in the country.

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Petrol Price to Go Up Again?

There are indications as per the media reports that the price of petrol (Gasoline)may go up once again in India. In a bid to overcome from the financial loss, fuel retailers have been advocating for another hike in the petrol price in India.

Further hike in the fuel prices will directly have impact on the headline inflation and prices of goods and services in India. Earlier, the railway has hiked the freight charges. The inflation in India is near to to the double digit and the further hike would make to double digit.

On the other hand the the apex bank has been trying to check the inflation, made variation in the key interest rates as many as 13 times. And also to attract the fund to banks in form of deposits it too historic step to give best interest to saving accounts.

State run oil companies have been putting pressure to hike the petrol price by Rs. 1.82 per litre to cover their loss. And the burden will be on the Aam Admi, the common man of this country.

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Opposition Parties in Parliament Opposing UPA's price rise

The price rise or rise in the prices of petroleum products, particularly kerosene and LPG by the UPA government is burden on common men. The Opposition parties in Parliament have been opposing the price rise, and its a big issue. The rise in price would directly have impact on the house hold budget of people. People need to pay more the essential goods and services.

The Hindu points out "Leader of Opposition Sushma Swaraj said the hike in prices of petroleum products, particularly kerosene and LPG, had immensely burdened the people who were already reeling under the spiralling costs of foodgrains and other essentials".

The RBI has been taking action to tame the inflation, but its the poor people those don't want to know the liquidity, deficit or the surplus or economics jargon, they need price down and want to maintain their families, with the income they have. In short run the income can't be increased or one can't get multiple options for income. It will be big relief to poor people if the government takes some action towards price hike issue.

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Milk Price to Soar ?

Business News This Week : After sugar, now soaring milk prices could be new trouble for middle class families. The price of milk in every state may increase, there are chances. With rise in the price of the milk and sugar, the price of all the goods made from these two ingredients will rise. The food inflation is fluctuating but the budget of household is increasing.

The price of the essential foods could be with in reach of the poor families. If the price of milk will rise, may there the matter of some ruppes, but too difficult for the middle class families. The big question here rises, who is going to take the advantage of rise in the milk price. Its obvious, that the money from the pocket of middle class family is moving to the bank or treasure account of a richest person. Rise in food inflation is just widening the difference between the rich and poor in the society. Which is a big sign of economic crisis in the day to come. 

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