-The Tribune The prices of essential food items have increased by 50% in seven years, whereas the real wage rate has risen by 22%. These figures show that inflation has outsmarted the real income of the poor, making their lives miserable as the food basket constitutes a substantial proportion of the total expenditure on the poor. The net effect is that the poor earn less and take loans to maintain the...
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India relaxes wheat export ban -Aparna Banerjea
-BusinessToday.in Allows wheat consignment already registered with customs prior to the order. The Indian government on Tuesday announced some relaxation to its earlier notified ban on wheat exports issued by Directorate General of Foreign Trade (DGFT), Department of Commerce. In a fresh notification, the Ministry of Commerce stated, "It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or...
More »The Hard Grind: Wheat inflation becoming hard to stomach for Indian households -Siddharth Upasani
-Moneycontrol.com India was supposed to be largely insulated from the war between Russia and Ukraine as far as prices of food items were concerned. However, there are signs that the conflict in Europe is adding to Indians' wheat bill. On April 18, data from the commerce ministry showed India's Wholesale Price Index (WPI) inflation unexpectedly rose to a four-month high of 14.55 percent in March. And while energy and metals led the...
More »WPI inflation rises to 14.55% in March, completes one year in double-digit territory
-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
More »Three years after plastic waste ban, Environment Ministry allows imported PET bottles for processsing -Jacob Koshy
-The Hindu Decision was taken after representations from industries which process waste that there was too little waste for them After banning the import of plastic waste in 2019, the Environment Ministry has permitted PET Bottles, as plastic waste, to be imported for processing. The decision to rollback the ban was taken last year after representations by several industries in the business of processing waste said there was too little waste available...
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