-The Hindu ‘Commercial banks may have to raise deposit rates more to meet a surge in credit demand; while banks have swiftly transmitted increases to lending rates, deposit rates have been laggards for most’ Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth...

-Press released by Christian Aid dated 27 December, 2022 * Study identifies the year’s 10 costliest extreme events influenced by the climate crisis - each caused more than $3 billion in damage. * Report also examines 10 other extreme events that caused massive human and environmental damage, mostly in the poorest countries. * The floods that submerged parts of Pakistan in June displaced 7m people and caused more than $30 billion in estimated...

-Business Standard If PMGKAY was continued beyond December 2022, at least Rs 40,000 crore would have got spent for three months (Jan to March) The Centre seems to have made a smart move to not only limit its food subsidy outgo, which was going out of hand due to unabated extensions of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) but also saved a good chunk of wheat for effective intervention in the...

-Newsclick.in There is need to build up self-reliance by nurturing the fertiliser CPSEs, rather than dismantling them through disinvestment and privatisation, read the PCPSPS statement. New Delhi: Amid concerns over global availability and growing demand for fertilisers, as well India’s dependence on urea import, the People's Commission on Public Sector and Public Services (PCPSPS) has called for a national fertiliser policy, consistent with the long-term food security strategy in India. “The national fertiliser...

-PTI/ Business Standard Jaipur: Rajasthan Chief Minister Ashok Gehlot said on Wednesday said his government is preparing a plan to distribute food kits to people from the economically weaker section. "In order to provide relief to the people of Rajasthan from the impact of inflation and to reduce the cost of kitchen, the state government is conducting studies on various aspects," Gehlot told reporters in Dausa. Later, in a tweet, Gehlot said, "A...