Milk PRIces are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk PRIces could remain firm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...
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Government hikes wages under MGNREGA, check state wise rates here - Nishtha Pandey
CNBC-TV18 The notification was issued under Section 6 (1) of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Starting APRIl 1, wage hikes ranging from Rs 7 to Rs 26 will be implemented. The central government has notified a hike in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) for FY 2022-2024. After the hike Haryana has the highest daily wage at Rs 357 per day. While...
More »Wheat PRIces Heat up, Raising Inflation Fears - Puja Das, Ravi Dutta Mishra
Livemint Wheat PRIces have started climbing again despite the government launching open market operations to reain in PRIces of the crucial commodity due to the unseasonal rains in key what-producing states. Wheat PRIces had shot up by 15% in 2022 accoding to the Ministry of Consumer Affairs, Food & Public Distribution, even before the OMOs. This comes as retail inflation continues to hover above the Reserve Bank of India's upper tolerance level,...
More »Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
More »Unseasonal rains and hail damage crops in India - Mayank Bharadwaj
Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food PRIce inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...
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