-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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India set to offer wheat to flour millers, biscuit makers to tame prices -Mayank Bhardwaj and Rajendra Jadhav
-Reuters/ Livemint.com Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years. Wheat prices have surged in...
More »India’s coal production to surpass a billion tonnes by 2025: IEA annual report
-Down to Earth Russian invasion of Ukraine sharply altered the dynamics of coal trade, prices, supply and demand patterns India, along with China, is the world’s largest coal producer, consumer and importer. Its own coal production will surpass a billion tonnes by 2025, the annual report of the International Energy Agency (IEA), predicted December 16, 2022. Also, India’s coal consumption has doubled since 2007 at an annual growth rate of 6 per cent....
More »Wholesale inflation crashes to 21-month low of 5.85% in November
-Moneycontrol.com The drop in wholesale inflation comes two days after statistics ministry data showed the more consumer Price Index (CPI) inflation fell far more than expected to 5.88 percent in November India's wholesale inflation fell to a 21-month low of 5.85 percent in November, according to data released by the commerce ministry on December 14. At 5.85 percent, the latest Wholesale Price Index (WPI) inflation figure is a huge 470 basis points lower...
More »Inflation at 11-month low, eases to 5.88%
-Hindustan Times Retail inflation in November dipped below 6% for the first time in 11 months, beating analyst estimates, on the back of a sharp deceleration in food prices, especially of vegetables and edible oils, although a spike in cereal prices is a matter of concern. New Delhi: Retail inflation in November dipped below 6% for the first time in 11 months, beating analyst estimates, on the back of a sharp deceleration...
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