-The Tribune The annual cost to the exchequer is estimated at Rs 2 lakh crore New Delhi: In a major decision, the union government has decided to provide free ration to 81.35 crore poor people under the National Food Security Act (NFSA) for one year. Minister of Consumers Affairs, Food and Public distribution Piyush Goyal said the beneficiaries, who were getting food grains at highly subsidised rates under the Act would get free...
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BF.7 and XBB: ‘India doing fine, masks hold little value if…’ says Dr Gagandeep Kang -Poulomi Ghosh
-Hindustan Times Virologist Dr Gagandeep Kang said India does not need restrictions but precautions but China will see a lot of infections like that of India's second wave. Virologist Dr Gagandeep Kang on Friday broke down the current Covid situation in India in comparison with China and said India is doing fine and won't require travel restrictions but China will see 'lots and lots of infections', similar to what India witnessed during...
More »In U.S. actions, the worry of global trade lawlessness -Prabhash Ranjan
-The Hindu The WTO Panel reports are a pointer to the U.S. — the once undisputed trade hegemon — turning away from free trade and moving toward growing protectionism In a significant development in international trade law, four separate World Trade Organization (WTO) Panel reports have ruled that the tariffs of 25% and 10% on steel and aluminium, respectively, that the United States (U.S.) had imposed during the presidency of Donald Trump...
More »Every litre of ethanol needs 2,860 litres of water. And yet, India wants to produce a lot more of it -Supriya Vohra
-Scroll.in The government wants to reduce its dependence on imported crude oil by producing more ethanol-blended petrol. While India is making a push for ethanol-blended petrol, by incentivising sugarcane-derived ethanol, concerns remain about the water-guzzling nature of the sugarcane and fair remuneration for farmers. On November 2, the Centre, as part of its Ethanol Blending Programme, approved a higher price for ethanol that is derived from different sugarcane-based raw materials. This was done...
More »Why was the ban on agri-commodities trading extended? -Subramani RA Mancombu
-The Hindu Business Line The extended ban has affected the turnover of commodity exchanges * What are the agri commodities in which futures trading has been banned by SEBI? SEBI has banned futures trading in seven agri commodities, including the derivatives of two produce. The banned commodities are non-basmati paddy, wheat, chana (Bengal gram), mustard seed and its derivatives, soyabean and its derivatives, crude palm oil and moong (green gram). * Why were they...
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