-The New Indian Express Based on the recommendation of the GST Council, the Centre has issued notifications bringing essential commodities including rice and maize under 5% GST slab from July 18. MADURAI: The decision of the Union government to levy 5% Goods and Services Tax (GST) on packaged food may increase the price of rice by a minimum of Rs 3 to Rs 5 per kg from Monday, Tamil Nadu rice mills...
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Country's trade gap at all time high of USD 26 billion
-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The finance ministry has...
More »Does India have enough rice for welfare schemes and ethanol? What the govt is missing -Siraj Hussain
-ThePrint.in Procurement of rice stocks has seen a significant increase. But India is seeing deficient rains and increase of ethanol distilleries. The Narendra Modi government’s move to ban wheat export was followed by several other measures to conserve stocks, which were projected to deplete in 2022-23 on account of lower procurement in the central pool, continuation of Pradhan Mantri Garib Kalyan Anna Yojana up to September, and the possibility 5 million tonnes...
More »Sowing report: Lowest area under paddy in a decade -Shagun
-Down to Earth Till July 8, rainfall had been deficient in at least eight states Just 7.22 million hectares (mha) have been sown with paddy, according to data released by the Department of Agriculture and Farmers Welfare July 8, 2022. This is the lowest area sown till the second week of July when compared to the last 10 years. For instance, on July 13, 2012, the area under paddy was 9.67 mha. It...
More »Paddy sowing down by 24%, oilseeds 20% due to less rains in some parts: Govt
-BusinessToday.in Paddy was sown in 95 lakh hectares and oilseeds in 97.56 lakh hectares in the same period of the 2021-22 crop year (July-June). The area under coverage for paddy declined 24 per cent to 72.24 lakh hectares so far in the ongoing Kharif sowing season, while oilseeds acreage is lower by 20 per cent at 77.80 lakh hectares because of delay in the progress of monsoon rains in some parts of...
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