Indian futures market may have lost business worth Rs 8,00,000 crore (Rs 8,000 billion) due to ban in forward trading of eight commodities such as wheat, rice and pulses.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
He said the global toy industry is over Rs 7 lakh crore but India's share is very small, as he stressed on the need to work to increase it.
Future conflict will involve bypassing of frontiers to strike at critical vulnerabilities directly and in the hinterland at the appropriate time, explains Lieutenant General Anil Chait (retd), who served as chief of the Integrated Defence Staff and Central Army Commander.
The National Agricultural Cooperative Marketing Federation of India Ltd has decided to actively trade in imported edible oils after failing to procure sufficient quantity of mustard seeds from the domestic market due to high price.
The agricultural supply system has to be able to respond to this increasing demand, which it is not able to do.
It is domestic policy distortions and inaction to correct them that lie behind the large CADs.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
The government's policy of interference has broken the backbone of futures market in India
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
NCDEX Spot (NSpot) on Tuesday said that it has attained the number one position in electronic auctions of food crops.
RBI Governor Shaktikanta Das on Friday said that inflation is on a declining trajectory, as it has fallen by 170 basis points from its January 2020 peak. Retail inflation fell to four-month low of 5.91 per cent in March over the previous month, mainly due to easing food prices.
SAD chief Sukhbir Singh Badal announced the decision to snap ties with the NDA on Saturday night, amid stepped up agitation by farmers in Punjab over the three legislations which were recently passed by Parliament amid Opposition protests.
Farming and agriculture are crying out for a business model innovation, says R Gopalakrishnan.
The JV, Voltbek Home Appliances, aims to take on LG, Samsung as well as home-grown players such as Godrej among others head on with a slew of products that hopes to combine the best of both worlds -- European technology and design, with Indian pricing and delivery.
'This announcement is big foolishness.' 'The government has no idea of economics. They are just announcing what comes to their mind.' 'Let them implement what they have announced and just see what will happen in two years.'
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The food inflation in July softened to 11.24 per cent from 11.84 per cent in the previous month, according to the official data released on Monday.
Bubbly is the latest in a string of brands that are touching the three-digit mark quickly.
The Maharashtra government on Friday announced a series of measures to combat inflation. These include making available essential commodities like pulses, edible oil and grains at concessional rates and allowing direct sale of farm produce to consumers, bypassing the Agriculture Produce Market Committee.
'The issue is not whether the farm laws are beneficial for the farmers or not.' 'The farmers have taken a stand that they do not want these laws.' 'Why do you want to thrust these laws down their throat?'
As a result of the downturn in commodity prices across the world, and the easing of supply constraints on most commodities because of good domestic production, there is hardly any incentive for over-stocking by trade or bulk consumers of agri-commodities. Also, it is amply clear that the imposition of storage limits on farm goods has had little impact on their prices or the overall rate of inflation. Even the ban on futures trading has proved ineffectual.
Binu Alex, co-founder and editorial director of www.commodityonline.com, in an interview to Syed Firdaus Ashraf/Rediff.com, says demand-supply imbalance arising out of the government's inability to preserve the crop for non-harvesting season is the root cause behind the price rise.
Away from limelight, Jeevika Didis are silently fighting the coronavirus in rural Bihar.
There have been several instances of traders dumping fruits and vegetables outside mandis. Or of farmers dumping produce outside their villages or feeding them to their animals.
According to the ministry's statement, Tomar thanked the BKU (Kisan) leaders for coming out in support of the Farm Acts and said these laws have been welcomed in various states across the country.
Rural budget set to increase; likely to enhance market linkages for agri commodities
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
Metro Cash & Carry, the global German wholesale major, will invest about Euro 40-45 million for setting up two new marts in Kolkata and Mumbai, expected to become operational by the first quarter next year. It is also planning to enter Punjab.
Challenging the Bombay Stock Exchange, which has applied to register Sensex as its trademark, Deepak Mohoni, a stock market analyst in Pune, has filed his own plea with the Trademark registry claiming that the word had been coined by him to denote the BSE sensitive index in his newspaper columns before BSE started using it.
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
Tomato farmers from Haryana to Tamil Nadu have been forced to abandon their crop in the field or dump the harvest.
The US on Tuesday said it was in favour of eliminating all trade distorting agricultural subsidies. However, it expressed disagreement with the Indian stand of protecting almost the entire agricultural market.
In the second major change in a year, Trai had capped individual channel subscription at Rs 12 per month, down from the earlier Rs 19, and capped channel bundle discount to 33 per cent, among other moves.
Inflation rose to 4.67 per cent for the week ended July 22, from 4.52 per cent in the previous week mainly due to increase in the prices of vegetables, pulses, industrial fuel and some manufactured items.
At least 30,000 growers are hedging for their produce through farmer producer organisations
The two bills -- Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 -- were passed by Lok Sabha on Thursday.
As the death toll in the country from coronavirus jumped by a record 445 to 13,699, the Centre maintained that the number of infections per lakh population was among the lowest in the world. The new cases surged by over 10,000 for the 11th day in a row and rose by 14,821 to take the total to 4,25,282, according to health ministry data.
By the time vital decisions, such as importing foodgrain, get implemented, it is often too late.
