-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
More »SEARCH RESULT
Total Matching Records found : 14680
Centre allows 18 percent relaxation for shrivelled wheat from Punjab & Haryana; but procurement over -Harpreet Bajwa
-The New Indian Express But interestingly the procurement in both states is over. CHANDIGARH: The Centre has allowed relaxation in procurement norms for shrivelled wheat grains up to 18 per cent against the earlier specification of 6 per cent with any value cut for the central pool from both Punjab and Haryana. This, due to the abnormally high temperatures. A letter written on Friday by Vishwajeet Haldar, Deputy Commissioner (Storage and Research Division) in...
More »Consumer price inflation surges to near-8-year high at 7.79% in April
-MoneyControl.com The CPI inflation print for April is above the consensus, with a Moneycontrol poll showing economists saw inflation rising to 7.5 percent The Reserve Bank of India's (RBI) worst fears have been realised after data showed headline retail inflation surged to 7.79 percent in April - the highest since May 2014. At 7.79 percent, the Consumer Price Index (CPI) inflation print for April is 84 basis points higher than the March number...
More »Coal mine expansion norms eased amid supply crunch -Jayashree Nandi
-Hindustan Times According to the revised norms, coal mines with environmental clearances to expand by 40%, can now expand by up to 50% without any environment impact assessment or public consultation The Union environment ministry has relaxed the mandatory compliance norms for coal mining expansion projects citing higher demand for coal amid an ongoing power crisis -- a move that has been criticised by environmentalists, especially since the coal ministry has said...
More »Bharat fuelling retail inflation -Shishir Sinha
-The Hindu Business Line Experts attribute it to higher cost of providing goods and services and more money under schemes Retail inflation based on Consumer Price Index (CPI) for rural areas is higher than urban areas for four successive months with West Bengal, Madhya Pradesh, Telangana and Haryana recording double-digit rural retail inflation in April. These are among the 17 States that witnessed higher retail inflation in rural areas. However, in Karnataka, Kerala,...
More »
