-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...
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Country's trade gap at all time high of USD 26 billion
-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The finance ministry has...
More »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 »Food security does not need this ‘surgical strike’ -Madhura Swaminathan and Deepak Johnson
-The Hindu India’s flip-flop on the export of wheat is an example of the Government lacking a coherent policy of food security The Government of India announced a sudden ban on export of wheat on May 13, 2022, a few days after Prime Minister Narendra Modi had stated that “at a time when the world is facing a shortage of wheat, the farmers of India have stepped forward to feed the world”....
More »Wheat output to fall 3% from last year, says Centre
-Scroll.in Heatwaves across many wheat-producing states have resulted in a dip in the production of the staple grain this year. India’s wheat production is likely to fall 3% to 106.41 million tonnes this year from last year’s output of 109.59 million tonnes, the Hindustan Times reported on Friday, citing the Union agriculture ministry’s third advance estimates of output of food grains. Severe heatwaves across many wheat-producing states have resulted in a dip in...
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