The wholesale price-based inflation surged to more than a decade high of 14.23 per cent in November, mainly due to hardening of prices of mineral oils, basic metals, crude petroleum and natural gas. WPI inflation has remained in double digits for eight consecutive months beginning April. Inflation in October this year was at 12.54 per cent, while in November 2020 it was at 2.29 per cent. "The high rate of inflation in November 2021, is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products etc as compared to the corresponding month of the previous year," the commerce and industry ministry said in a statement on Tuesday.
An IAF flight carrying Indian student Harjot Singh, who was shot in Ukrainian capital Kyiv a few days ago, landed at the Hindon airbase in New Delhi on Monday evening, officials said.
'Why should our government opt for unproven technology that has been rejected by most countries across the globe?' 'Being dependent on any other nation to supply you seed for your good crops is another form of slavery.'
India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. "The export policy of wheat ... is prohibited with immediate effect...," the DGFT said. It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.
Critics have even suggested that India is doing this because it is not prepared to take on the requirements of TFA, with a relatively weak trade infrastructure.
The wholesale price-based inflation in February rose to 13.11 per cent on hardening of prices of crude oil and non-food items, even though food articles softened. After two months of mild easing, WPI inflation accelerated in February and remained in double digits for the 11th consecutive month, beginning April 2021. WPI inflation last month was 12.96 per cent, while in February last year, it was 4.83 per cent. The rise in crude oil and natural gas prices after the Russian invasion of Ukraine, beginning February 24, has put pressure on the wholesale price index, even though food articles saw softening across categories of vegetables to pulses to protein-rich items.
Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.
Fifteen Cabinet ministers and 28 Ministers of State were sworn-in by President Ram Nath Kovind at a ceremony at Rashtrapati Bhavan on Wednesday evening.
The ministry of external affairs urged Indian students to avoid taking unnecessary risks.
Cabinet secretary calls meeting to review the impact of inflation on essential commodities.
"Reports of PM Modi not meeting Putin due to nuclear threat is baseless. The meeting is not taking place due to scheduling issues," sources told ANI.
Russia and Ukraine agreed last week to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide.
For the first time in 20 years, Erdogan's political future is really on the line. He must now prove that he is a leader who can get things done and can mobilise effectively the machine of the state to provide relief to the affected people and help them rebuild their homes and their lives.
China on Monday said Sri Lanka has allowed its satellite and missile tracking ship to berth at the Hambantota port on Tuesday, but declined to reveal details of talks with Colombo leading to the bankrupt island's government reversing its earlier stand to defer the high-tech vessel's entry.
Although the Disaster Management Act for Covid containment measures, considered a hindrance in conducting the census, was withdrawn in March this year the Centre has not taken any further action on conducting the much-delayed population enumeration.
The entry of the 152-members three NDRF teams and six canines into the disaster zone was swift, and their exit "moving and emotional".
'The central government forces are supporting one group and the state government forces are supporting another group and this is resulting in non-stop cross-firing, which has resulted in the killing of many innocent people.'
Spokesperson in the Ministry of External Affairs (MEA) Arindam Bagchi said India is keeping a close watch on developments in Sudan.
India on Sunday said it stands with the Sri Lankan people in their aspirations for prosperity and progress through democratic means, established institutions and constitutional framework.
In his condolence message, Israeli Prime Minister Lapid said that the thoughts and prayers of all Israelis are with the people of India following yesterday's devastating bridge collapse in Gujarat.
On May 9, violence erupted in Sri Lanka after supporters of the 76-year-old former premier attacked peaceful anti-government protesters demanding his ouster over the country's worst economic crisis that led to acute shortages of staple food, fuel and power.
'Just because the night passed and we survived does not mean the struggle is over for us. We are far from being in a safe zone. We did start walking but the railway stations were flooded with people and still haven't been able to board a train'
India has secured approval of the United States Department of Agriculture (USDA) for the export of domestic mangoes to America in the new season, the commerce ministry said on Tuesday. The export of Indian mangoes has been restricted by the US since 2020 as the USDA inspectors were unable to visit India for inspection of irradiation facilities due to restrictions imposed on international travel because of the COVID-19 pandemic. On November 23, 2021, the Department of Agriculture and Farmers Welfare and the USDA signed a framework agreement for implementing the "2 Vs 2" agri-market access issues.
This development can strengthen the case for interest rate cut by the RBI.
Authorities asserted that lunch is served to students of any religion 'on demand' during the holy month.
According to the ministry, "potentially dangerous or difficult situations" that are "to be expected" include use of Molotov cocktails (including by local people or militia), building collapse, falling debris, internet jamming, lack of electricity or food or water, exposure to freezing temperature, psychological trauma, injuries, lack of medical support, lack of transportation and face-to-face situation with armed fighters or military personnel.
A statement from the finance ministry said, 'it shall be the policy of the Sri Lankan government to suspend normal debt servicing...shall apply to amounts of affected debts outstanding on April 12, 2022'.
Coimbatore-based environmental activist R Manikandan, was named the South Zone Water Warrior by the Government of India's Jal Shakti ministry.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
"The High Commission categorically denies baseless and speculative media reports that India facilitated the recent reported travel of @gotabayar @Realbrajapaksa out of Sri Lanka," the High Commission of India in Sri Lanka tweeted.
The Ministry of Home Affairs on Monday said the Missionaries of Charity's application for renewal of the Foreign Contribution (Regulation) Act (FCRA) registration was refused on December 25 for not meeting eligibility conditions as some adverse inputs were received.
'The President of India, as advised by the prime minister, has accepted the resignation of Harsimrat Kaur Badal from the Union Council of Ministers, with immediate effect,' the Rashtrapati Bhavan said in a statement.
Anxious relatives of several Indians stuck in Sudan following the fighting between the Army and paramilitary forces are eagerly waiting for information about their relatives and appealed to the government to evacuate them from the strife-torn African country as soon as possible.
A decision in this regard was taken in the Cabinet meeting chaired by Prime Minister Narendra Modi.
The company claimed that its product is "three times better than remdesivir and that 'AAYUDH Advance starts where vaccines stop'."
The finance ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth.
The wholesale price-based inflation spiked to 12.54 per cent in October, mainly due to rise in prices of manufactured products and crude petroleum. WPI inflation has remained in double digit for the seventh consecutive month beginning April. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.
The real requirement for the finance minister's explanatory speech is to explain the measures taken in the Budget to influence inflation and growth not just through the announcement of a deficit goal, but more broadly through the impact on money supply, consumer demand, foreign trade and investment, explains Nitin Desai.
Pakistan's Finance Minister Miftah Ismail on Monday said the government can consider importing vegetables and other edible items from India following the destruction of standing crops due to massive floods, three years after Islamabad downgraded trade ties with New Delhi over the Kashmir issue.
By throwing food at poverty that is result of faulty economics and lack of jobs, one is only trying to suicidal path.
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