KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra
Food inflation rose sharply to 6.19% in January from 4.58% in December, led by rising prices of most segments Livemint.com The union government on Wednesday sold 385,000 tonnes of wheat worth ₹901 crore in the open market, in the second round of a planned auction of three million tonnes it plans to offload from the central pool to counter rising prices of the key foodgrain. The move assumes significance as India’s retail inflation...
More »Bombay High Court query on appeal for meat ad ban
-PTI/ The Telegraph HC notes that while an ordinary person has option of switching off television when such an ad comes, it will have to look at issue on the point of law Bombay High Court on Monday asked three Jain religious charitable trusts and a city resident practising Jainism why they were seeking to encroach on the rights of others by appealing for restrictions or ban on advertisements for meat and...
More »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...
More »Lakshadweep to continue meat products in school mid-day meal after SC order
-MaktoobMedia.com The Union Territory (UT) administration of Lakshadweep has directed the school authorities to comply with a recent Supreme Court order, lifting the ban on chicken and other meat products from their mid-day meals. The Directorate of Education on Friday issued an order asking the “school principals of all islands and Headmaster Bitra” to comply with the top court order dated 02 May. The apex court directs the administration to continue serving the...
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