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Maintaining high import duties on sensitive agricultural commodities like rice and resisting pressure to open up the domestic sector to low tariffs will be crucial for preserving India’s self-sufficiency and ensuring food security for its population, a report said on January 1. Economic think tank GTRI (Global Trade Research Initiative) in its report said that…
With India’s farm sector remaining resilient to erratic weather conditions, the government is hopeful of having bountiful food grain production even as it tries hard to keep a lid on food inflation ahead of general elections in 2024. From floods to droughts, extreme weather events this year have not only raised fears over foodgrain production…
Read More “Govt hopeful of ‘bountiful harvest’ amid food inflation headwinds” »
Representational file image. | Photo Credit: Vibhu. H The Cabinet Committee on Economic Affairs (CCEA), which met here on Wednesday, has decided to increase the minimum support price (MSP) for copra. The new MSP for milling copra will be ₹ 11,160 per quintal — an increase of ₹300 per quintal than the 2023 season. The…
Read More “Centre hikes copra MSP by ₹250-300 hike per quintal for 2024 season” »
Workers packing bananas for export at a packaging unit near Chinnamanur in Theni district, Tamil Nadu. | Photo Credit: KARTHIKEYAN G With successfully exporting a trial shipment of fresh bananas to the Netherlands through sea route, India is now aiming to increase exports of this fruit to $1 billion in the next five years, an…
Read More “India aims at $1 billion fresh banana exports in next 5 years” »
Poor demand, abundant production, and early plucking of the produce this winter have left growers of kinnow, a citrus mandarin fruit in Punjab, grappling for a fair price for their season’s harvest. Production of kinnow, a hybrid between King (Citrus Nobilis) and Willo Leaf (Citrus Deliciosa) mandarins, is likely to see a jump from last…
Read More “Poor demand, bountiful output plunge kinnow price, leave farmers of Punjab in distress” »
Workers carry sacks of wheat for sifting at a grain mill on the outskirts of Ahmedabad. File | Photo Credit: Reuters The Centre revised the wheat stock limits on December 8 as increase in the prices of wheat and wheat flour (atta) remained unchanged in many parts of the country. For traders and wholesalers, the…
Read More “Centre revises wheat stock limits to rein in prices, hoarding” »
Workers at Vinchur onion market in Nashik. File | Photo Credit: PTI The Centre has imposed a ban on the export of onions until March 31, 2024, to curb the surging local prices of the product. A Directorate General of Foreign Trade (DGFT) order late on Thursday said: “Export policy of onions… is amended from…
Read More “Centre bans onion export till March; Nashik farmers protest” »
Indian shares hit fresh all-time highs on Monday, driven by financials and energy stocks as state election results boosted market momentum emerging from strong macroeconomic data and easing global interest rate expectations. The NSE Nifty 50 index rose as much as 1.65% to 20,602.50 points, notching a record high for second session in a row….
Read More “Sensex, Nifty Touch All-Time High Day After BJP's Poll Victory In 3 States” »
The Punjab State Power Corporation Ltd (PSPCL) has made a profit of Rs 564.76 crore for period ending September as against a loss of Rs 1,880.25 crore in the year-ago period. Under the Aam Aadmi Party (AAP) government led by Chief Minister Bhagwant Mann, the timely repayment of Rs 12,342 crore subsidy to PSPCL helped…
Read More “PSPCL Posts Rs 564 Crore Q3 Profit On Lower Power Purchase, More Generation” »
In order to protect consumers’ interest, the government has banned use of “dark patterns” on e-commerce platforms which intend to deceive customers or manipulate their choices. A gazette notification in this regard as “Guidelines for prevention and regulation of dark patterns” was issued on November 30 by the Central Consumer Protection Authority (CCPA) which is…
Read More “Centre Bans 'Dark Patterns' On E-Commerce Platforms; Notifies Guidelines” »
