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Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra

-The Hindu Business Line Seeks taking necessary action as very large hoardings had taken place The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law. Stressing the need for effective enforcement of the EC Act by...

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Inflation is now the top concern: Reserve Bank of India

-The Telegraph Rising prices have now come to confront central banks globally, particularly after Russia’s invasion of Ukraine Mumbai: The RBI has brought inflation control to the forefront of its agenda. Pilloried for going soft on prices, the central bank sharply raised the inflation forecast for the year and warned it would withdraw its accommodative stance if inflation strayed too far away from the target. The RBI has been prioritising growth over inflation for...

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As fuel rates soar, fish prices jump in Kolkata -Rittick Mondal

-IndiaToday.in The prices of fish in Kolkata have increased due to the hike in fuel rates Kolkata: With the rise in the rates of fuel across the country, fish prices too increased in Kolkata. The prices of fruit, vegetables and meat have been increasing. Households in the city are being forced to cut down the food budget as the prices of food essentials have jumped in the market, including the rates of fish. Fish...

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Farmers may have to pay more for DAP, potash, complex fertilisers -Prabhudatta Mishra

-The Hindu Business Line Some manufacturers have hiked prices, others await clarity on the situation New Delhi: The fertiliser industry is not hopeful of an increase in subsidies from last year’s level for non-urea crop nutrients despite global prices shooting up sharply. Several companies have increased the maximum Retail price (MRP) of fertilisers, while some others are waiting for clarity. The recent farmers’ movement and the farm leaders’ unsuccessful dabbling in electoral politics...

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FMCG CEOs flag rural slowdown

-Livemint.com Top packaged consumer goods companies had also flagged slowing rural demand in the December quarter, citing inflationary pressures NEW DELHI: Top honchos of large fast moving consumer goods companies have flagged slowdown in rural demand in the March quarter, citing high inflation across products and commodities. Analysts Manoj Menon, Aniket Sethi, and Karan Bhuwania at brokerage ICICI Securities interviewed chief executive officers of companies such as Marico Ltd., Dabur India, and Tata...

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