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RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist The Reserve Bank of India (RBI) believes that the current surge in inflation, driven by food prices, is transient and it should moderate by the third quarter with the arrival of the kharif crop. However, with the inflation risk persisting, the RBI will continue to maintain a hawkish stance in the near future, Suman Chowdhury, Chief Economist and Head of Research, Acuite Ratings & Research, told IANS in an interview. Here he talks about the actions of the RBI and the Central governme...
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
Source: IANS
27/08/2023 12:34:03 PM
Prices of cereals to be about 15% higher : CRISIL  The prices of cereals are expected to be 14-15 per cent higher next fiscal as compared with the past five year average, said CRISIL in a report. The reason? Vagaries of climate change, strong global demand, and rise in domestic demand. Even in the current fiscal, cereal prices have risen significantly on-year in the first ten months. While prices of wheat and paddy rose 8-11 per cent, those of maize, jowar and bajra jumped 27-31 per cent, the report notes. CRISIL expects wheat ...
Prices of cereals to be about 15% higher : CRISIL
Prices of cereals to be about 15% higher : CRISIL
Source: IANS
20/02/2023 4:55:29 PM
Pulses, rice, oilseeds Kharif sown acreage down The Kharif crop sowing is marginally lower in terms of acreage compared to last year, said Bank of Baroda in a report. "Deficient rains in parts of the Gangetic belt has impacted acreage of rice and pulses. The dip in sowing activity has also prompted the government to curtail export of rice and needs further monitoring, with IMD (Indian Meteorological Department) predicting likelihood of extended seasonal showers before the withdrawal of Southwest Monsoon," the report notes. ...
Pulses, rice, oilseeds Kharif sown acreage down
Pulses, rice, oilseeds Kharif sown acreage down
Source: IANS
10/09/2022 8:55:47 AM
Rice production may fall by 10-12 mn tonnes: Food Secretary As the Centre banned rice exports effective from Friday and also levied an export duty of 20 per cent on various grades of the commodity, Food Secretary Sudhanshu Pandey said that domestic production could fall short by 10 to 12 million tonnes in the Kharif season. Pandey told mediapersons on Friday that due to inadequate sowing of paddy, mainly owing to poor rainfall in rice bearing states like Uttar Pradesh, Bihar and West Bengal, there would be a shortfall in production. The governme...
Rice production may fall by 10-12 mn tonnes: Food Secretary
Rice production may fall by 10-12 mn tonnes: Food Secretary
Source: IANS
9/09/2022 4:42:15 PM
Kharif crop sown area down by 2.5%: Report The overall sown area of Kharif crops in the week ended August 18 has declined by 2.5 per cent as compared to last year, according to a Bank of Baroda report. "Overall sown area of Kharif crops continues to lag and has declined by 2.5 per cent compared to last year. Sown area of rice (8.3 per cent) and pulses (5.3 per cent) is much lower, in comparison with last year and needs to be watched," the report notes. "Within pulses, Arhar (7.2 per cent), Urad (5.1 per cent) and ...
Kharif crop sown area down by 2.5%: Report
Kharif crop sown area down by 2.5%: Report
Source: IANS
25/08/2022 1:47:02 PM
Reduction in rice, cereals sown area worrisome: Bank of Baroda The uneven distribution of rainfall has sowed the fear of lower kharif sowing resulting in lower harvest and food inflation in the country, said Bank of Baroda in a report. The sowing area for rice declined by 17.4 per cent. According to the report, the uptick in the rainfall has resulted in pick-up of kharif sowing which rose by 0.1 per cent. Out of 36 subdivisions, only 7 have received deficient rainfall during this period. "However, there has been uneven distribution of ra...
Reduction in rice, cereals sown area worrisome: Bank of Baroda
Reduction in rice, cereals sown area worrisome: Bank of Baroda
Source: IANS
28/07/2022 9:02:38 AM
Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021 As large parts of central and northwest India witnessed delayed monsoon, sowing for Kharif season's mainstay rice and oil seeds has decreased compared to last year, even as that for pulses and coarse cereals has increased, even if slightly, government data showed on Friday. Kharif sowing has taken place over a total of 278.72 lakh hectares (ha), 15.70 lakh ha less compared to 294.42 lakh ha last year this time, a dip of 5.33 per cent. The Southwest Monsoon has had slow progress over ce...
Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
Source: IANS
2/07/2022 9:37:40 AM
707.24 lakh metric tonnes paddy procured in Kharif 2021-22 season With 707.24 lakh metric tonnes (LMT) of paddy procured from 96.41 lakh farmers up to Sunday, the paddy procurement is progressing smoothly in this Kharif Marketing Season (KMS) 2021-22 at minimum support price from farmers, as was done in previous years, an official statement said on Monday. The paddy has been procured from states/UTs of Chandigarh, Gujarat, Assam, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Punjab, Uttar Pradesh, Uttarakhand, Telangana, Rajasthan, Kerala, Tam...
707.24 lakh metric tonnes paddy procured in Kharif 2021-22 season
707.24 lakh metric tonnes paddy procured in Kharif 2021-22 season
Source: IANS
1/03/2022 9:43:57 AM