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According to the agriculture ministry's third advance estimate, kharif rice production stood at 11.0032 crore tonnes in FY23.
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The dry spell during the current month has led to reports of soybean, groundnut and pulses suffering attacks of fungal diseases and by insects, said Tirth Shah, executive director, GSP Crop Science.
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On Wednesday, onion traders in Nashik, the principal onion growing belt in the country decided to call off their stir against the 40% export duty that the government slapped on August 19 to redirect onions from export markets to the domestic scenario to increase supply and cool down prices
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GDP had grown at 6.1 per cent in the January-March 2023 (Q4 of FY23) as compared to the corresponding period a year earlier.
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Onion retail prices could rule firm at the high current levels, traders from the onion growing states have said, according to a report by The Economic Times.
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The Chairman of the Prime Minister’s Economic Advisory Council (PMEAC), Bibek Debroy, has made a significant statement that the government is incurring a loss due to the Goods and Services Tax (GST).
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Despite the retail inflation scenario being roiled by soaring vegetable prices in the past few weeks, the Union finance ministry expects the vegetable prices to climb down quickly, but is apprehensive of the impact that crude oil might have on the overall price front.
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The Trade Promotion Council of India, a trade and investment promotion organisation, states that as much as 30-40% of fruits and vegetables are wasted due to lack of proper cold storage and handling facilities.
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The data from the Directorate General of Civil Aviation (DGCA) showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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If this trend continues, the central bank may not cut interest rate in near future or may be even consider raising rates. This will force banks to increase lending rates in the country. EMIs may go up as a result. Currently, the repo rate stands at 6.50 per cent.
