-The Tribune With policy-backing, subsidies and availability of easy credit, farmers are being pushed to buy more machines. Punjab has five times more tractors than required. As more technological gadgets and machines are promoted, farmers are increasingly sucked into a debt cycle, while equipment manufacturers are laughing all the way to the bank. At a time when farmers across the world are struggling to recover their cost of production, an Oxfam report...
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Data: Rising Inflation & global factors could affect India’s food grain exports after record exports of Rice & Wheat in 2021-22 -Bharath Kancharla
-Factly.in The Government of India recently imposed restrictions on Wheat exports, in a bid to control rising food prices, ensuring domestic food security. However, this comes after India’s record exports of both Rice & Wheat in 2021-22 putting the export targets for 2022-23 in jeopardy. The Government of India recently imposed restrictions on Wheat exports. Among the reasons cited for the imposition of these restrictions are the controlling rising food prices, ensuring...
More »Why is your tadka getting more & more expensive? Blame India’s reliance on edible oil imports -Nikhil Rampal
-ThePrint.in Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’. New Delhi: A bottle of cooking oil is a constant in every Indian kitchen, but its price is not. According to data sourced from the Department of Consumer Affairs, by 16 May, consumers in the country were spending an average of 14 per cent more, or an extra...
More »inflation control needs another model -Pulapre Balakrishnan and M Parameswaran
-The Hindu Lasting inflation control would require placing agricultural production on a steady footing Inflation is back as a talking point in the public arena, some would say belatedly, for wholesale price inflation has been in the double digits for over 12 months. India’s official measure of inflation, the rate of change of the consumer price index, has now breached the Reserve Bank of India (RBI)’s upper target of 6% for three...
More »Inflation is now the top concern: Reserve Bank of India
-The Telegraph Rising prices have now come to confront central banks globally, particularly after Russia’s invasion of Ukraine Mumbai: The RBI has brought inflation control to the forefront of its agenda. Pilloried for going soft on prices, the central bank sharply raised the inflation forecast for the year and warned it would withdraw its accommodative stance if inflation strayed too far away from the target. The RBI has been prioritising growth over inflation for...
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