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Category: Business

Business

Data | Retail price of tomatoes more than ₹100 a kilogramme in over 50 cities

Posted on July 7, 2023 By admin
Data | Retail price of tomatoes more than ₹100 a kilogramme in over 50 cities

Tomato inflation: The wholesale price of the tomatoes for the first-grade variety stood above Rs. 100 per kg in many parts of India by the last week of June The sudden and rapid fall in the quantity of tomatoes brought to various mandis across India in the last week of June created a demand-supply mismatch….

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Business

India has highest tariffs on inputs in electronic segment among competing economies like Vietnam: ICEA study

Posted on July 6, 2023 By admin
India has highest tariffs on inputs in electronic segment among competing economies like Vietnam: ICEA study

Image used for representative purpose only. | Photo Credit: K.V.S. Giri India has the highest tariffs on inputs in electronic segment among competing economies such as Vietnam and Thailand, ICEA said on July 6 citing its latest study as the industry body made a strong pitch for reduction in tariffs. The high tariffs impact competitiveness,…

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Business

Finance Ministry pushes for reforms to spur FDI inflows

Posted on July 6, 2023 By admin
Finance Ministry pushes for reforms to spur FDI inflows

“India needs to watch FDI data closely and continue to take measures to facilitate FDI inflows.”  | Photo Credit: V. Sudershan The Finance Ministry has made a strong pitch for measures to facilitate Foreign Direct Investment (FDI) flows, that dipped last year and may remain subdued in coming months, mooting greater attention from policymakers to…

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Business

India’s macroeconomic management ‘stellar’; paves way for sustained recovery: Finance Ministry report

Posted on July 6, 2023 By admin
India’s macroeconomic management ‘stellar’; paves way for sustained recovery: Finance Ministry report

Representational image only. | Photo Credit: Twitter/@FinMinIndia “Stellar macroeconomic management in the midst of unprecedented global challenges has put India on a quicker recovery path than has been the case in other nations,” the Finance Ministry said in a report on July 6. “Investments in supply-side infrastructure have raised the possibility of India enjoying sustained…

Read More “India’s macroeconomic management ‘stellar’; paves way for sustained recovery: Finance Ministry report” »

Business

Indian Institute of Horticultural Research identifies third unique farmer’s jackfruit variety for promotion

Posted on July 5, 2023 By admin
Indian Institute of Horticultural Research identifies third unique farmer’s jackfruit variety for promotion

The unique characteristic of the new variety is that it is not only tasty and nutritious but also suitable for commercial processing for making products like jam, squash and fruit bar. Enthused by the massive response to two farmers’ varieties of jackfruit — iddu and Shankara — which were promoted by it, the Bengaluru-based Indian…

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Business

Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked

Posted on June 28, 2023 By admin
Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked

Union Minister for Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya addresses a press conference on Cabinet Decisions, in New Delhi on June 28, 2023. | Photo Credit: PTI The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth)…

Read More “Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked” »

Business

Govt. hikes sugarcane FRP by ₹10/quintal to ₹315/quintal for 2023-24 season

Posted on June 28, 2023 By admin
Govt. hikes sugarcane FRP by ₹10/quintal to ₹315/quintal for 2023-24 season

In the current 2022-23 marketing year, about 3,353 lakh tonnes of sugarcane worth ₹1,11,366 crore has been purchased by sugar mills. Representational file image. | Photo Credit: R.V. MOORTHY The Centre on June 28 announced a ₹10 per quintal hike in sugarcane FRP, which is the minimum price that mills have to pay to sugarcane…

Read More “Govt. hikes sugarcane FRP by ₹10/quintal to ₹315/quintal for 2023-24 season” »

Business

Explained | What is the dispute about sugar subsidies at WTO?

Posted on June 27, 2023 By admin
Explained | What is the dispute about sugar subsidies at WTO?

The story so far: News agency Press Trust of India (PTI) learnt from sources that India is in negotiations with Brazil to resolve a long-standing dispute about sugar at the World Trade Organisation (WTO). The Ministry of Commerce and Industry is also coordinating with the concerned departments to arrive at possible alternatives. The same approach…

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Business

Walmart helps link 8 lakh producers to markets; farm groups sceptical

Posted on June 25, 2023 By admin
Walmart helps link 8 lakh producers to markets; farm groups sceptical

TechnoServe, a non-profit organisation that operates in 30 countries, began its association with coffee farmers in the Araku Valley in Andhra Pradesh about six years ago. Their intervention helped farmers create and manage Farmer Producer Organisations (FPOs). Through eight such FPOs, the organisation claims, the farmers’ revenues have increased by over 500%. Similarly, Digital Green,…

Read More “Walmart helps link 8 lakh producers to markets; farm groups sceptical” »

Business

Food Corporation of India not to consider request by States for more foodgrains under open market scheme

Posted on June 23, 2023 By admin
Food Corporation of India not to consider request by States for more foodgrains under open market scheme

A Food Corporation of India warehouse. File | Photo Credit: The Hindu As Opposition-ruled State governments such as Karnataka and Tamil Nadu criticised the Centre’s decision to restrict the supply of foodgrains through the Open Market Sale Scheme (Domestic) to 100 metric tonnes (MT), the Food Corporation of India (FCI) made it clear on June…

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