-The Telegraph Decision to further restrict the Export was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by PM Narendra Modi New Delhi: The Modi government on Thursday further restricted the Export of wheat flour to curb rising prices as shipments have increased over 200 per cent during the April-July period compared with last year. The government in May had banned the Export of wheat. The decision to...
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Lower paddy acreage: How will it affect India and the world? -Akash Podishetty
-Business Standard A victim of supply chain disruption is food. Even as the world looks towards India to fill the void created by the Russia-Ukraine war, a drop in paddy acreage is threatening to make the matter worse Following Russia's invasion of Ukraine and amid challenges for global food supply, PM Narendra Modi declared that India was capable of "feeding the world". However, instead of feeding the world, the govt soon restricted...
More »A rain dampener for kharif crops this monsoon poses price risks -Dharmakirti Joshi and Adhish Verma
-Livemint.com An uneven distribution of rainfall has left several key rice-producing states parched even as others had to battle excess water The patchy progress of the southwest monsoon this year has cast a long shadow on India’s kharif crop produce, particularly of rice, which is an important constituent of the government’s food distribution programmes. The threat comes right after wheat production in the rabi season took a hit from heatwaves and at...
More »What’s wrong with crop estimates that were off-mark last crop year -Subramani Ra Mancombu
-The Hindu Business Line Experts say current manual methods are error-prone, moot scientific process The advance crop estimate made by the Ministry of Agriculture and Farmers’ Welfare usually differs between the first and subsequent three ones before it comes out with the final estimate. However, the difference has seldom caused problems in the agricultural markets or led to complaints of not reflecting what the trade has felt is the ground reality. But some...
More »India sees sharp decline in IT sector's ability to fund trade deficit -Krishna Kant
-Business Standard A relatively slower growth in IT Services Exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit IT services are India's single biggest Export and a key source of foreign exchange. But there has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise trade deficit and current account deficit. Please click here to...
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