-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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World Bank ups growth for this fiscal to 6.9 per cent
-The Telegraph This is the first upgrade of India’s growth forecast by any international agency amid global turmoil India’s economy is expected to grow 6.9 per cent in the current fiscal year, the World Bank said in a report on Tuesday, citing tightening monetary policy and high commodity prices as factors impacting the country’s growth. The Bank had trimmed its growth forecast for India to 6.5 per cent in early October from a...
More »Fertiliser subsidy bill in FY'23 seen at Rs 2.3-2.5 lakh cr; may fall 25pc in FY'24: FAI
-Moneycontrol.com The fertiliser subsidy stood at Rs 1.62 lakh crore in the previous financial year. The government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in Global Prices, according to industry body FAI. Fertilisers Association of India (FAI) expressed concern that the fixed cost of urea has not been increased affecting the viability...
More »Losing the pulse: Farmers will suffer a setback with falling chana prices. Govt must observe - Shweta Saini and Pulkit Khatri
-ThePrint.in With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late. Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals, edible oils, and vegetables, where inflation is regularly reported, falling prices of such crops seldom make it to the national media. These prices are important...
More »Reforming the PDS for better nutrition -Surabhi Mittal
-Hindustan Times India ranked 107th out of 121 assessed countries on the 2022 Global Hunger Index (GHI). Although there are some measurement issues in the GHI, the report says there is high malnutrition in India due to rice-wheat biased policies. Malnutrition in India manifests itself in terms of triple burden – underweight especially among poor, hidden hunger (deficiency in micronutrients), and overweight. The National Food Security Act, 2013 (NFSA) was introduced to...
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