The ban by Indonesia, which accounts for a third of global edible oil exports, adds to a raft of crop protectionism around the world since the war erupted in Ukraine.
For India, food will be dearer in 2022. The tradeoff between high growth and high inflation is tricky, and RBI has the unenviable task of balancing it.
Rising food prices—a result of both Western sanctions on Russia and of the integration of national economies—have set the alarm bells ringing across Central Asian countries.
Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.
In India, Modi govt is distributing free rice & wheat and has implemented trade measures to shield consumers, including cutting duties on palm, soybean, sunflower oils and lentils.
India’s delivery giants are finding there aren’t many models available that can be deployed at scale, and what supply there is can’t keep up with demand.
The May inflation figure may be somewhat inaccurate, with the rise appearing to be mainly due to higher global crude oil prices, commodity prices, and supply-side disruptions.
The rate of price rise in the food basket accelerated to 4.94% in March. Meanwhile, manufacturing sector output declined by 3.7% and mining output slipped 5.5% in February.
How is it that so many men from the same background could be involved—or remain silent? The answer is not comfortable. It lies in the moral codes they carried with them to England.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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