India's food prices have increased significantly over the weekend, leaving customers and shopkeepers extremely worried. Reuters reports the price of onions in particular has peaked. Onions are currently selling between Rs 70-80 per kilogram ($AU1.56- $AU1.78), after being worth Rs 45 ($AU1) only a few days ago. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) reports food inflation climbed nearly to a year's high of 18.32 per cent on December...
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'Pulses' high consumption, low output to hit food security'
India could face serious problems in providing food security, if the present gap between the consumption and production of pulses is not filled, according to a report by industry body ASSOCHAM. "If the production of pulses in the largest producing nation dips, it becomes difficult for the global markets to fill up the gap," ASSOCHAM said in a statement today. India is world's largest producer and consumer of pulses. However, still there...
More »70% migrant women in Delhi hail from UP, Bihar: Survey
A survey report released by Associated Chambers of Commerce and Industry has shown that 70% women who migrate to Delhi in search of jobs and better education, belong to Uttar Pradesh and Bihar. According to data provided in the survey, while UP ranked highest - with nearly 38% women leaving the state - Bihar came a close second with 32% women leaving the state in search of better prospects. Among other...
More »Punjab's business clusters to create 5 lakh jobs
In a bid to ensure inclusive growth and increase employment opportunities, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) will develop 15 business clusters in different parts of Punjab, an official said on Sunday. "Currently, 20 such clusters are operational in Punjab which are providing employment to lakhs of people here," ASSOCHAM secretary general D.S. Rawat said here. "These proposed clusters will be established at a budget of around Rs.500...
More »FCI to add 16 mn tonnes foodgrain storage capacity in 2 yrs
Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...
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