-The Telegraph Unlike 2013, the pressure on the rupee will endure This month, the rupee’s weakening trend has occupied our attention. Media reports have relentlessly focused on its fall to a ‘lifetime-low’ on a daily frequency. The authorities, on their part, have centred on measures to ease the mounting pressures up on the currency. Memory of the 2013‘taper tantrum’ is fresh in minds and has spurred a series of actions to prevent...
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Cost of living crisis hits poorest the hardest, warns UNCTAD
-UN News Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday. UNCTAD’s analysis shows that a 10 per cent increase in food prices will trigger a five per cent decrease in the incomes of the...
More »What does dwindling central wheat stock mean for prices and production? -Krishna Veera Vanamali
-Business Standard The wheat stocks in the Central pool have dropped close to the minimum required levels because of lower procurements. What does this mean for the grain's prices and production? As global wheat prices scaled record highs this year, in part due to the Russia-Ukraine war, bread-makers in India turned to multiple price increases. Today, a loaf of sliced brown bread costs Rs 50 while multi-grain bread costs Rs 65. This is...
More »75-95 million more on verge of extreme poverty due to climate change, COVID: Report
-The New Indian Express The report finds that about 1 in 10 people worldwide are suffering from hunger and nearly 1 in 3 people lack regular access to adequate food. NEW DELHI: The climate crisis, the Covid-19 pandemic and an increased number of conflicts around the world could lead to an additional 75 million to 95 million people living in extreme poverty in 2022, compared with pre-pandemic projections, according to The Sustainable...
More »World is not doing enough to end hunger by 2030: UN -Shagun
-Down to Earth Food inflation on unprecedented rise triggered by COVID-19 pandemic, Russia-Ukraine war The world is moving further away from its goal of ending hunger, food insecurity and malnutrition in all its forms by 2030, according to a new United Nations report. The number of people globally affected by hunger went up to 828 million in 2021, an increase of about 46 million since 2020. World hunger levels have gone up...
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