-PTI/ The Hindu ‘The consumption decline in the rural markets continues to be LED by both double-digit price increases and lower unit growth’ The country's FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets registering a higher decline in volumes compared to the three months ended June, says a report. Also, consumers continued to prefer purchasing smaller packets amid companies hiking prices in response to broader inflationary pressures,...

-India.mongabay.com * After the drop in wheat production due to heat waves, extreme weather events have now cast a shadow on rice production, which is likely to drop beyond centre’s initial 6% loss estimate. * In six years (2015-21), the country lost 33.9 million hectares of the cropped area due to floods and excess rains and 35 million hectares due to drought, which are likely to intensify as various studies predict. * Centre...

-Hindustan Times The Supreme Court on Thursday sought the Centre’s response to an application seeking moratorium on the release of genetically modified (GM) mustard even as the Centre assured there will be no “precipitative action” from its end till November 10, the next date of hearing. The Supreme Court on Thursday sought the Centre’s response to an application seeking moratorium on the release of genetically modified (GM) mustard even as the Centre...

-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...

-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...