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India among countries responsible for global increase in carbon emissions in 2022, says study

-Scroll.in Carbon emissions in India increased by 7.5% from January to May 2022 as compared to the same period last year, the study said. India was among the countries that led the global increase in carbon dioxide emissions in the first five months of 2022, according to a multi-agency report coordinated by the World Meteorological Organization released on Tuesday. Carbon emissions in India increased by 7.5% from January to May 2022 as compared...

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Edible oil makers urge for lifting of futures trade ban on crude palm oil and soy oil on commodity exchanges -Sandip Das

-Financial Express SEA has stated that the ban on futures trade has deprived importers of hedging their price risks in rupee-denominated soya oil and crude palm oil futures on Indian exchanges. The Solvent Extractors’ Association (SEA) of India, a body of edible oil manufacturers, on Monday demanded lifting of ban on futures trade in soya oil and crude palm oil (CPO) on the commodity exchanges imposed on December, 2021, to ensure risk...

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Hard realities -Renu Kohli

-The Telegraph The economy remains vulnerable to headwinds The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and...

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India may ban rice exports, pose risk to global supply, says Nomura

-Moneycontrol.com The world's biggest rice exporter could see lower production as sowing has been 6 percent lower than the previous season India, the world’s largest rice exporter, could ban exports amid sub-par sowing this season, Nomura said on August 30. “Will India ban rice exports? We think the risk is non-negligible,” Sonal Varma, Nomura's chief economist for India and Asia (excluding Japan), said in a note. “Following the Russia-Ukraine war, soaring maize prices prompted...

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Cabinet imposes curbs on atta exports -Subhash Narayan and Ravi Dutta Mishra

-Livemint.com To ensure food security of India’s 1.4 billion people, a decision was taken to prohibit export of wheat in May following rising demand for Indian wheat amid the Russia-Ukraine war. But, this caused a jump in export demand for wheat flour The Union cabinet on Thursday approved placing restrictions on wheat flour, or atta, exports to curb rising prices and ensure food security for the poor. The Cabinet Committee on Economic Affairs...

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