Irregular rains in key tur growing areas of Karnataka, Madhya Pradesh and Maharashtra, and the open import policy is discouraging farmers from growing the pulse.
The report said that inflation in most countries soared to multi-year highs last year, driven by a rebound in economic activity and a surge in supply chain disruptions.
The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed.
Latest data shows vegetable inflation in India is driving food inflation, which in turn is raising the overall inflation rate. Fuel inflation, most affected by imports, is currently low.
While status quo on rates was expected, there was difference of opinion on stance, which was also left unchanged to focus on withdrawal of accommodation to ensure inflation aligns with 4% target.
RBI has hiked interest rates by 250 basis points since May 2022 to combat inflation. Study by central bank says growth might have been ‘sacrificed’ by 65 basis points due to this.
Under Xi, the CCP’s political structure has become even more centralised and male-dominated. Power increasingly revolves around a tight inner circle of male loyalists.
Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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