From onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...

The Reserve Bank of India (RBI) has started investigating the Rs 300-crore fraud by Citibank manager Shivraj Puri after receiving a report from the bank. Officials at Citibank said the RBI had been regularly updated on its internal investigations since the fraud came to light. “We have shared all the details with the RBI. The RBI will now investigate the matter further,” the Citibank official said. An RBI spokesperson confirmed that the probe...

The food bowl of the country figures pathetically low on hunger index — a statistical tool to measure the state of countries' hunger situation. Punjab lies below 33 other developing countries ranked by Global Hunger Index . Based on a publication by International Food Policy Research Institute (IFPRI), Washington, it was concluded that there is no link between economic progress and hunger. The IFPRI report was presented at the ongoing 93rd annual...

The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses. Approved by the Cabinet Committee on Economic Affairs, the main objective of new plan scheme ‘National Initiative on Climate Resilient Agriculture’ is to assess impact of climate change on agriculture and allied sectors in the country and evolve cost-effective adaptation and mitigation strategies. The scheme will be implemented in the remaining part...

The government on Tuesday said wheat production will touch a record 82 million tonnes in the current rabi season despite “some damage” to the crop in unprecedented rains this year. “We are targeting 82 million tonnes of wheat production for the current season. I admit there is some damage due to rains, but productivity has also increased at the same time. Hence, there will be no impact on overall production,” Agriculture...