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Vegetables on sale at Azadpur Mandi in New Delhi on July 12, 2023. | Photo Credit: PTI India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs…
Read More “June 2023 inflation quickens to 4.8% as food prices climb” »
Southern and western regions contribute 56% to 58% of tomato production. File | Photo Credit: The Hindu After tomato prices rocketed to ₹200 per kg in some cities, the Centre decided on Wednesday to use its agencies to procure stocks from Andhra Pradesh, Karnataka and Maharashtra and sell them at a discount in the areas…
Farmers harvesting potatoes of the Atlanta variety in contract farming arrangement with PepsiCo India limited at Abhirampur village in Hooghly District. | Photo Credit: Sushanta Patronobish The story so far: On July 5, the Delhi High Court held that there was “no merit” in the appeal filed by PepsiCo over the patent rights for its…
Read More “Explained | What is the legal row between farmers and PepsiCo?” »
Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…
Read More “GST Council to impose 28% tax on online gaming firms” »
Tiptur in Tumakuru district and Arsikere in Hassan district are the prime coconut markets in Karnataka. | Photo Credit: Special Arrangement Coconut growers in Karnataka are losing sleep over the continuous fall in copra prices. The prevailing price in the market, they claim, is insufficient even to meet the input cost. In November 2022, the…
Representational image of oil pump jacks in Russia | Photo Credit: Reuters The Congress on Monday questioned the Narendra Modi government’s decision to purchase Russian crude oil, using the Chinese currency Yuan. Addressing a press conference at Congress headquarters, party spokesperson Gaurav Vallabh said that the government of India had started making payments to Russia…
Read More “Paying for Russian crude in Yuan an insult to martyrs: Congress” »
The Union Food Ministry indicated that it is willing to make changes to the Open Market Sales Scheme after the first e-auction of rice | Photo Credit: SHIV KUMAR PUSHPAKAR As the Congress attacked the Centre on Monday over the reluctance of private players to auction rice from the Food Corporation of India (FCI) under…
Read More “Food Ministry indicates willingness to tweak OMSS after lukewarm response” »
Experts say while drone applications occupy an important place in the Agriculture 4.0 vision, the innovations work best when allied with policy-level interventions to sustain the agricultural sector. | Photo Credit: KSL Agri-drone maker IoTechWorld Avigation on 10th July said it has secured a large contract from cooperative fertiliser major IFFCO for supplying 500 drones,…
Read More “IoTechWorld bags order from IFFCO for supply of 500 agri-drones” »
Piyush Goyal, Minister of Commerce & Industry. File. | Photo Credit: Kamal Narang Union Commerce, Industry and Textiles Minister Piyush Goyal is heading for a two-day visit to London, starting Monday, to take forward negotiations for bilateral trade pacts with the United Kingdom and the four-nation European Free Trade Association (EFTA) bloc. Mr. Goyal will…
Read More “Union Commerce Minister Piyush Goyal to push trade deals in U.K.” »
The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West…
Read More “Russia oil discount to India shrinks to $4, delivery charges remain opaque” »