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Wholesale price inflation eases to 15.18% in June but stays in double digits, 15 months on

-Moneycontrol.com Food inflation rose to 12.41 percent in June from 10.89 percent, with the food index rising 1.3 percent month-on-month India's inflation based on the Wholesale Price Index (WPI) declined to 15.18 percent in June, according to data released by the commerce ministry on July 14. The WPI inflation was 15.88 percent in May, the highest in at least three decades. In June 2021, it stood at 12.07 percent. Another month of double-digit wholesale...

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Centre wants to create framework for PPP in farm sector: Agriculture Secy -Sanjeeb Mukherjee

-Business Standard Manoj Sinha said work on the framework is ongoing, private players are encouraged to share their inputs With a focus on securing more investments and expertise from the private players in the agriculture sector, the government is keen to create a formal comprehensive framework for Public Private Partnership (PPP) in the sector, a senior government official said. Speaking at an event organised by industry body Ficci on the issue, Agriculture Secretary...

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Is India No More World's 3rd Largest Economy? A FactCheck -Mohammed Kudrati

-BOOMLive.in A graphic misleadingly compares India's economic size to its economic growth rate to convey the Economy being in bad shape A viral graphic stating that India has fallen from the third largest Economy in the world in 2011 to the 164th fastest growing Economy out of 193 countries in 2021, is misleading.  This is due to two reasons. First, the graphic makes an apple to oranges comparison as it compares India's position...

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Why oilseeds production in India has remained stagnant

-The Hindu Business Line Stagnation in the area under cultivation and marginal growth in yields have capped domestic output growth, says a report Mangaluru: Even while the import-dependent edible oils market in India has been affected by geopolitical factors, the domestic production of oilseeds remains below the global average. The compounded annual growth rate (CAGR) of oilseeds production in India has remained at 1.94 per cent between 2011-12 and 2020-21, as against global...

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Monsoon 2022: Agriculture sector shed nearly 8 million jobs in June -Richard Mahapatra

-Down to Earth Sluggish monsoon; area sown down 15%; rural employment stares at meltdown There are disturbing signals of a potential meltdown of the country’s biggest employer and also food producer as the southwest monsoon enters  its second week of the second month. Kharif sowing was down 15 per cent by July 7, in comparison to last year for the same period. Altogether, farmers didn’t sow in 6.3 million hectares (Ha) of farms. Sowing...

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