There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-The Hindu Business Line Production of Gobindobhog rice is estimated to be 5-7 per cent higher this year on the back of a better-quality crop giving a better paddy to rice conversion rate West Bengal’s premium variety of aromatic rice — Gobindobhog – has witnessed a near 11 per cent decline in prices on the back of prospects of arrival of a higher crop and better quality produce. The imposition of 20...

-The Telegraph At the start of current tea season, tea stakeholders had feared if exports would go down in CIS countries of which Moscow is a part, because of the war Siliguri: The price of Indian teas has seen a dip in Russia and some other countries of the CIS (Commonwealth of Independent States), during the first eight months of the current year, compared to the corresponding period last year. Representatives of the...

-IndiaToday.in The production-linked incentive scheme has helped boost India's mobile exports but is yet to show results in some other sectors. Agility and ease of doing business in its implementation will determine its success For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. A recent effort to give...

-Hindustan Times India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb prices, food secretary Sudhanshu Pandey said on Monday. India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb...