-Livemint.com The government had to lower the import duty on edible oils several times in recent months to tame food Inflation NEW DELHI: The government is set to launch an oilseed mission to boost domestic production of oilseeds and reduce import dependence, said NITI Aayog member, agriculture, Ramesh Chand. India currently makes around ₹1 trillion worth of edible oil imports every year or nearly half of its demand. The proposed scheme was devised after...
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Why this is going to be a tough year for economic policymaking -Montek Singh Ahluwalia
-Livemint.com The RBI will face the difficult choice of either intervening strongly to ‘manage volatility’ at the risk of losing reserves or letting the currency ‘find its own level’. India’s ministry of finance struck an upbeat note in its August economic review when it asserted growth is “robust" and Inflation is “under control". It then quite rightly balanced the optimism with the qualification “there is no room for complacency". Truth be told,...
More »The ban on the export of broken rice -Saptaparno Ghosh
-The Hindu How is the ethanol blending programme connected to the rice export ban? The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at the Department of...
More »Low Incomes Haunt India’s Growth -Subodh Varma
-Newsclick.in Three transformative steps could dramatically change this dire situation – provided Modi Govt. has the will to take them. Wage growth of households has declined from 8.2% in 2012-2016 to 5.7% in 2017-2021, according to a fresh study by a ratings agency. It will actually be even lower – around 1% - if Inflation is taken into account. This slowing down of wage growth has happened in both rural and urban...
More »Is Food Inflation in India Driven by Demand or Supply? -Deepanshu Mohan, and others
-TheWire.in While domestic food price Inflation is high globally, consumer food price Inflation in India has increased from 0.68% to 8.38% between September 2021 and April 2022. Inflation has continued to peak at an all-time high in all economies around the world, with food and energy prices skyrocketing to unprecedented levels. Even industrially developed nations like the US, Canada, and the Eurozone, which experienced decades-long of stable price levels have struggles to...
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