-The Telegraph In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a research note.   In the report, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank...

-Deccan Herald The court allowed a plea by Additional Solicitor General Aishwarya Bhati to file a response on behalf of the Centre The Supreme Court on Thursday directed for maintaining status quo on the decision of the Genetic Engineering Appraisal Committee allowing the environmental release of genetically modified mustard for seed production and testing. A bench of Justices Dinesh Maheshwari and Sudhanshu Dhulia issued the oral direction on an application filed by Aruna...

-The Telegraph At the start of current tea season, tea stakeholders had feared if exports would go down in CIS countries of which Moscow is a part, because of the war Siliguri: The price of Indian teas has seen a dip in Russia and some other countries of the CIS (Commonwealth of Independent States), during the first eight months of the current year, compared to the corresponding period last year. Representatives of the...

-Hindustan Times The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based subsidy (NBS) scheme New Delhi: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an additional ₹51,875 crore subsidy for phosphatic and potassic (P&K) fertilisers for the rabi or winter-sown season, amid high global prices. The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based...

-The Hindu How significant is the development of the Dhara Mustard Hybrid-11 (DMH-11)? Why are some activist groups opposing the commercial release of the crop? What are their allegations? How many transgenic crops are commercially cultivated in India? The story so far: The Genetic Engineering Appraisal Committee (GEAC), India’s apex regulator of genetically modified plants and food products, has approved the environmental release of Dhara Mustard Hybrid-11 (DMH-11), a genetically-engineered variant of...