Deccan Herald The reason for the sudden rise in tomato prices across the country lies in Bengaluru’s backyard. The arrivals at the Kolar Agricultural Produce Market Committee (APMC), which is a major supplier of tomatoes to the entire country from June to September, have seen a sharp decline. The APMC has received only 3.2 lakh quintals of tomatoes this June, as against 5.45 lakh quintals in June 2022. In fact, the...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Explained: RBI’s concerns on slow deposit growth -SAPtaparno Ghosh
-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
More »Explained: Understanding the Global Hunger Index -SAPtaparno Ghosh
-The Hindu On what indicators is the GHI computed? Why did the Ministry of Women and Child Development reject the report and call it ‘an erroneous measure of hunger’? Why are child-centric metrics used to calculate global hunger? The story so far: For the second time in two years, the Ministry of Women and Child Development on Saturday rejected the Global Hunger Index (GHI) that ranked India 107 among 121 countries. India...
More »The ban on the export of broken rice -SAPtaparno Ghosh
-The Hindu How is the ethanol blending programme connected to the rice export ban? The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at the Department of...
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