Quartz India Easing global Commodity Prices have begun to reflect on inflation in India, at both the wholesale and consumer levels. Wholesale price rise in April fell into negative territory for the first time since July 2020, to -0.92%, government data showed yesterday (May 15). It stood at 15.38% in the same month last year. The decline in inflation in goods sold in bulk was primarily driven by a fall in the...
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Wheat Prices Heat up, Raising Inflation Fears - Puja Das, Ravi Dutta Mishra
Livemint Wheat prices have started climbing again despite the government launching open market operations to reain in prices of the crucial commodity due to the unseasonal rains in key what-producing states. Wheat prices had shot up by 15% in 2022 accoding to the Ministry of Consumer Affairs, Food & Public Distribution, even before the OMOs. This comes as retail inflation continues to hover above the Reserve Bank of India's upper tolerance level,...
More »Economic Survey 2022-23 Highlights inflation risks and Rupee depreciation pressure on Indian Economy
The Economic Survey 2022-23, released today, has flagged threats to the Indian economy, even as it forecasts a GDP growth rate of 6.5% for the next fiscal year. The survey has said that the challenge of the Indian rupee depreciating remains. "However, the challenge of the depreciating rupee, although better performing than most other currencies, persists with the likelihood of further increases in policy rates by the US Fed". What...
More »Why was the ban on agri-commodities trading extended? -Subramani RA Mancombu
-The Hindu Business Line The extended ban has affected the turnover of commodity exchanges * What are the agri commodities in which futures trading has been banned by SEBI? SEBI has banned futures trading in seven agri commodities, including the derivatives of two produce. The banned commodities are non-basmati paddy, wheat, chana (Bengal gram), mustard seed and its derivatives, soyabean and its derivatives, crude palm oil and moong (green gram). * Why were they...
More »Why are India’s slowing exports a cause for concern? -K Bharat Kumar
-The Hindu How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports? The story so far: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening Commodity Prices worldwide, and trade deficit...
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