-The Telegraph PM Modi’s Gabbar Singh Tax is the best example of his modus operandi — talk big, and when it’s time to act, make things worse: Congress Traders and shopkeepers will hold a nationwide protest next week against a hike in taxes on a range of products, including food grains and household items, and services that kicked in from Monday. “The 5 per cent goods and services tax on a range of...
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What does dwindling central wheat stock mean for prices and production? -Krishna Veera Vanamali
-Business Standard The wheat stocks in the Central pool have dropped close to the minimum required levels because of lower procurements. What does this mean for the grain's prices and production? As global wheat prices scaled record highs this year, in part due to the Russia-Ukraine war, bread-makers in India turned to multiple price increases. Today, a loaf of sliced brown bread costs Rs 50 while multi-grain bread costs Rs 65. This is...
More »Mr. Modi, How are you Going to Handle wheat? -Subodh Varma
-Newsclick.in With wheat stocks at a 14-year low and procurement at a 20-year low, how is the ration system going to deliver this staple to crores of people? At the end of June this year, government procurement of wheat was about 188 lakh tonnes, dramatically down by 57% from last year’s 433 lakh tonnes, as per official figures. This is the lowest procurement amount in the last two decades. It was back...
More »Wholesale price inflation eases to 15.18% in June but stays in double digits, 15 months on
-Moneycontrol.com Food inflation rose to 12.41 percent in June from 10.89 percent, with the food index rising 1.3 percent month-on-month India's inflation based on the Wholesale Price Index (WPI) declined to 15.18 percent in June, according to data released by the commerce ministry on July 14. The WPI inflation was 15.88 percent in May, the highest in at least three decades. In June 2021, it stood at 12.07 percent. Another month of double-digit wholesale...
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...
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