Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...

-Livemint.com The CAIT has urged the states to call an emergency meeting of the GST Council immediately to decide on the withdrawal of the tax on these items Bengaluru: The Confederation of All India Traders (CAIT) on Wednesday wrote to chief ministers and finance ministers of all states demanding the withdrawal of the 5% goods and services tax imposed on unbranded foodgrains and other items that came into effect from Monday.  The association...

-The Hindu Government sources told The Hindu that at PDS packaging centres, new unbranded bags were being replaced with used ones. Jute bags meant for packaging of foodgrains under the Public Distribution System (PDS) allegedly provided their manufacturers — in league with some officials of procuring State government agencies, quality insurance inspectors and middlemen — an opportunity to siphon off thousands of crores in government revenue. So serious is the scam that the...