India wastes more food than almost any other country partly because of spotty refrigeration. Climate change is making the problem worse
Govt's aggressive fight against inflation has come despite expectations of a bumper monsoon in 2024
IMD warns heatwave to continue over east and peninsular India for next five days
Food prices, which account for about half of the inflation basket, rose in November and remained elevated last month, largely led by vegetable prices and household staples
Centre holding high-level meeting to break the impasse on Bharat Nyay Sanhita
Truck driver strike: The home ministry met with the stakeholders on Tuesday evening and assured them that changes to the hit-and-run law would only be made after due consultations
The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production.
India's vegetable oils import rose 16 per cent to 167.1 lakh tonnes in the current oil year that ended in October 2023, driven by lower duty on certain edible oils, industry body SEA said on Monday. The country had imported 144.1 lakh tonnes of vegetable oils in the previous 2021-22 oil year (November-October). Out of the total vegetable oils, much of the imports were edible oils at 164.7 lakh tonnes, while non-edible oils were only 2.4 lakh tonnes during 2022-23 oil year. India is a leading vegetable oil buyer in the world. According to Mumbai-based Solvent Extractors Association of India (SEA), "Import of edible oils during the 2022-23 oil year has surged to 164.7 lakh tonnes. This increase of 24.4 lakh tonnes from previous year is driven by the current low of 5.5 per cent duty on crude palm oil, soybean oil and sunflower oil." This influx of imports has transformed India into a prime destination for excess oil supplies, it said in a statement. Notably, RBD Palmolein imports ..
The fall in tomato prices, which declined 62 per cent month-on-month (M-o-M) to Rs 39 a kg in September from Rs 102 a kg in August, was the major contributor
For non-veg thali, the cost was up 13 per cent. It was lower than that of a veg thali owing to a marginal rise in broiler prices
Business Standard brings you the top headlines at this hour
"Will guard against second round effect of price rise"
He said despite core inflation in the country remaining elevated, the steady easing seen in the last few months indicates that monetary policy transmission is happening
Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes
The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of USD 90 a barrel, a finance ministry official said. The official further said that reduction in excise duty is not on cards and the government is driving infrastructure investment, and private sector capital investment is yet to gather steam. He further said that the Centre's capital expenditure which was 28 per cent of Budget estimates at the end of June quarter, will reach 50 per cent by September end. In the 2023-24 budget, the government had hiked capital investment outlay by 33 per cent to Rs 10 lakh crore in the current fiscal. The official further said that a 6 per cent rainfall deficit is unlikely to impact kharif sowing as the agriculture sector is resilient. The government has been taking steps to control inflation, including releasing wheat and rice stocks from
Major reforms needed to tackle monsoon veg price shock
In July, monsoon rains were almost 13% more than normal across India. In the entire monsoon season between June 1 and August 7, rainfall across India has been 2% above normal
Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows
Spiralling vegetable prices in Assam's largest city Guwahati has triggered a war of words between political opponents, with Chief Minister Himanta Biswa Sarma's blaming Miyas' for the escalating rates drawing sharp reactions from opposition parties. While AIUDF chief Badruddin Ajmal said Miyas' have been hurt' by the CM's comment, Congress and other opposition parties sniffed a collusion between the BJP and the AIUDF in communal politics' ahead of next year's Lok Sabha elections. Sarma, while responding to reporters' questions on high price of veggies in Guwahati, had said, "Vegetables are not priced so high in villages. Here the Miya vendors charge us more. Had it been Assamese vendors selling vegetables, they wouldn't have fleeced their own people." "I will clear all the footpaths of Guwahati and I urge our Assamese people to come forward and start their businesses," he added. Bengali-speaking Muslims are generally referred to as Miyas' in the state, with the community largely ..
Watch how weather patterns and a pesky virus are affecting the prices of tomatoes in India