-Livemint.com To ensure food security of india’s 1.4 billion people, a decision was taken to prohibit export of wheat in May following rising demand for indian wheat amid the Russia-Ukraine war. But, this caused a jump in export demand for wheat flour The Union cabinet on Thursday approved placing restrictions on wheat flour, or atta, exports to curb rising prices and ensure food security for the poor. The Cabinet Committee on Economic Affairs...
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Rare 3rd consecutive La Nina event underway, could impact agriculture -Himanshu Nitnaware and Shagun
-Down to Earth Southwest monsoon will likely extend till October, with detrimental impacts on indian agriculture Australia’s Bureau of Meteorology (BOM) predicted August 25, 2022, that a third consecutive event of La Nina could be underway, leading to additional rainfall along its east coast this summer. The BOM predicted a 70 per cent chance of the La Nina event. However, the United States and UK weather agencies have claimed that the phenomenon is...
More »The global threat to our food security -Himanshu
-Livemint.com We must raise procurement to prepare for a possible rise in inflation as global food supplies shrink Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. Much of the inflation this year has been driven by rising food prices, particularly edible oil and more recently cereals, primarily wheat. This has followed the global trend in food prices, which softened last month, even though they...
More »Lumpy disease: 35,000 cattle killed in 9 states -Shagun
-Down to Earth Multiplication of vectors, stray cattle main reasons behind spread A total of 35,000 cattle have died due to lumpy skin disease in nine indian states as of August 23, 2022, according to the Union department of Animal Husbandry. Around 900,000 cattle have been infected, as the department tries to contain any further spread of the disease. Lumpy skin disease (LSD) is a viral illness, caused by lumpy skin disease virus...
More »Bank credit growth accelerates to 14.2% in June quarter
-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of india (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
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