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Why India banned export of broken rice & could more curbs be in the offing -Sayantan Bera

-ThePrint.in High exports driven by demand from China LED to shortage in country, where broken rice is used to make ethanol & as cattle feed. Lower & delayed planting likely to hit production too. New Delhi: On 8 September, India, the world’s largest exporter of rice, announced export curbs to tame spiralling retail prices. The move was anticipated because lower and delayed planting, in the face of deficit rainfall, are estimated to...

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Maharashtra sees uptick in farmer suicide cases

-ANI/ThePrint.in Yavatmal (Maharashtra): Around 60 farmers have died by suicide in the last 43 days in the Yavatmal area of Maharashtra failing to repay the debt following the torrential rains. District collector, Amol Yedge assured that the government is taking steps to reduce the number of suicide incidents in the state. According to the official, 205 such cases have been reported in the state this year. Speaking to ANI, Yedge said, “48 farmer suicides...

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Retail inflation inches up to 7% in August LED by food price rise

-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelLED by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month.   This is the eighth successive month that retail inflation...

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Magsaysay Award -- In the eye of controversy -Sumeda

-The Hindu CPI(M) cites ‘anti-communist stance’ for declining the award for Shailaja A controversy over the ‘joint’ decision of the Communist Party of India (Marxist), or CPI (M), to decline the 2022 Ramon Magsaysay Award nomination for former Kerala Health Minister K.K. Shailaja has brought into focus the prize and the former Philippines President in whose name the award was instituted in 1957. Though the CPI(M) has cited the ‘anti-communist’ stance of Ramon...

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Monetary Policy Alone Inadequate To Tame Inflation -Dr. Amar Patnaik

-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...

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