Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food price inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...
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Air Travel sets a new record in February - Anu Sharma
Livemint Air travel in India has surged to a new post-covid record in February, with an unexpectedly robust showing in what is typically one of the slowest periods for airlines, driven by a rebound in corporate travel and demand from events such as the recent G20 meetings and Aero India. India’s average daily domestic air passenger numbers in February increased to around 420,000 from 410,000 in December. The average daily passengers in...
More »Costly wheat and the cloud over our daily bread - Sayantan Bera
Wheat prices have stayed stubborny high in India, despite several steps by the government including an export ban and announcing open market prices. - Mint Official figures show that daily retail wheat flour (atta) prices as on 1 February were 22% higher year on year, while wholesale prices were 31% higher. Wheat prices have been inching up through 2022 after a heat wave cut production and pushed the government to ban exports...
More »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »FCI directs officials to accept only fortified raw rice
-Deccan Chronicle HYDERABAD: In a move that is likely to trigger a fresh controversy between the BRS government and the Centre, the Food Corporation of India (FCI) has issued directions to its officials in Telangana state to accept only fortified raw rice for public distribution (PDS) starting on January 9. The FCI's circular may spark a verbal spat between the Telangana government and the Centre because some rice mills throughout the state...
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