The mother son duo is ranked 93rd in its recent 2009 Forbes India rich list.

According to the list, Ms. Murkumbi along with her son Narendra Murkumbi, has a net worth of $490 million.

India's Richest

#93 Vidya and Narendra Murkumbi

Net Worth: $490 million

Age: 60/40

Marital Status: Widow, 2 children/Married, 2 children

Hometown: Mumbai/Belgaum

Low profile mother-son pair run Shree Renuka Sugars, among country's fastest growing sugar companies. Its sugar refining capacity of 4,000 tonnes per day is India's largest. Got started when they bought a money-losing sugar mill in 1998. Paid for it with loans and by persuading sugarcane farmers in the area where the mill was located to buy shares in the company. Thereafter, they acquired other ailing sugar refineries and turned them around. Currently own three refineries. Took company public in 2005. Recently bought a Brazilian sugar company for $82 million. Also produce ethanol and power from bagasse, a by-product of sugar. Mother Vidya lives in Belgaum near the sugar mill. Son Narendra lives in Mumbai.

According to Forbes, India is now home to as many as 52 billionaires, nearly double from 27 last November and just shy of a record of 54 in 2007 at the peak of stock market boom.

The India's richest list is topped by industrialist Mukesh Ambani who has a staggering wealth of $32 billion. Steel tycoon Lakshmi Mittal and Anil Ambani, cornered the second and third position with a fortune of $30 billion and $17.5 billion respectively, the magazine said.

Source: Forbes.com

It feels great to see a Belgaumite in India’s Rich List, India we have many more to come in that list.

It feels great to see the sensex zoom past the 5000 mark & also see Tendulkar go past 17000 but it feels bad to see Tea costing Rs.9 per cup and Onions costing you Rs.35/Kg. With this entire rise, Gold is also moving upward direction and now 10 grams will cost about Rs.17800 and Silver will cost Rs.295 for 10 grams.

It was a not so good monsoon then which caused a price hike and now rain during harvest time has taken away the meal from the mouth of both farmers and public.

Inflation is still at its lowest (tough it’s increasing now into the positives) but the price rise is eminent and the Agriculture minister himself comes forward and says that price rise of agri commodities is eminent for the next 3 months. It should have been otherwise, but our ministers are different aren’t they.

Here is a list; what will you buy and how much?

Tomato - Rs.18/Kg.; Onions - Rs.30/Kg; Potato - Rs.22/Kg; Shimla Mirch - Rs.40/Kg; Cauliflower – 20/Kg; Ladies Finger – Rs.20/Kg; Lemon – Rs.2.50 for 1 piece;

Mutton - Rs.215/Kg; Chicken (broiler) - Rs.98/Kg; Eggs- Rs.36/dozen

Tea – Rs.10/ cup in Hotel.

Masala Dosa – Rs.30; Idli(plate) - Rs.15; Uddin Vada - Rs.25; Shira - Rs.15; Puri Bhaji – Rs.30

Tur Dal – Rs.95/Kg; Sugar – Rs.37/Kg; Refined Oil Sunflower – Rs.60/Kg;

Some prices posted on 26 June 2008 Dosa- Rs.25 Idli Rs.15 Puri Bhaji- Rs.20 Tea- Rs.6; Belgaum

Note: All vegetable Prices will vary on a day to day basis. So when you go out to buy the price might have changed. And all these prices are from main Market in Belgaum, if you buy the same in Tilakwadi or else where they will be higher.