-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...
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Cost of a veg Indian thali has jumped 42% since 2015. That too without curd, tea, fruits -Shweta Saini and Pulkit Khatri
-ThePrint.in For a family of five, the monthly thali cost jumped up from Rs 4,700 in 2015 to Rs 6,700 in 2022 for a lighter diet. Inflation, particularly food inflation, has been centre stage not just in India but globally. Despite moderation observed in India’s June 2022 inflation print, food inflation continues to stay in the uncomfortable zone of 6 to 8 per cent since the start of the year. How does...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »UP: Farmers In Sitapur, Lakhimpur Threaten Massive Movement on July 15 if Outstanding Cane Dues not Paid -Abdul Alim Jafri
-Newsclick.in Farmers said the cane-crushing season had ended earlier this month, but payments of over Rs 15 crore are still pending. Lucknow: Irked over the delay in sugarcane payments, farmers on Friday held a demonstration against Mahmudabad co-operative sugar mill in the Sitapur district. Farmers said the cane-crushing season had ended earlier this month, but payments of over Rs 15 crore were pending. Per the norms, the payment should be cleared within 14 days...
More »Why is your tadka getting more & more expensive? Blame India’s reliance on edible oil imports -Nikhil Rampal
-ThePrint.in Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’. New Delhi: A bottle of cooking oil is a constant in every Indian kitchen, but its price is not. According to data sourced from the Department of Consumer Affairs, by 16 May, consumers in the country were spending an average of 14 per cent more, or an extra...
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