Retail inflation went up from 5.7% in December to 6.5% in January, largely driven by food prices, while India's Wholesale Price Index based inflation fell to 2-year low of 4.73% in January.
The reduced allocation may imply that government agencies will not procure and sell any pulse, oilseeds or cotton if their prices fall below MSP during FY24.
A dedicated fund for start-ups in rural India is a much-needed thrust but Budget 2023 has unexpectedly slashed allocation to the agriculture ministry and reduced funds for MGNREGA by 33%.
Telangana, Andhra Pradesh, Haryana, Maharashtra, West Bengal, MP & UP had inflation in excess of upper band. For most of the states, rural inflation exceeded urban inflation.
Wheat stocks are half of where they stood in October 2021. Public stocks of rice are nearly double stocking norm, but price outlook depends on actual harvest this season.
Aided by a fall in commodity prices and ease in food inflation, the inflation rate is expected to decline. India's annual retail inflation accelerated to a five-month high of 7.41% in September.
LocalCircles survey results come two weeks after dairy brands, including leading milk suppliers like Amul and Mother Dairy, had increased the price of their milk by Rs 2 per litre.
On paper, the 21-point plan looks balanced—Palestinian governance, international oversight, reconstruction pledges. But in reality, it is a non-negotiable diktat.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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