The central government has amended the gold import policy and imposed restrictions on certain jewellery and articles. Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery, and other articles made of gold to the “restricted” category from earlier “free”. Putting a commodity in the “restricted” […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. […]
In an effort to control the increasing retail prices, the Consumer Affairs Department has directed the procurement of tomatoes directly from Andhra Pradesh, Karnataka, and Maharashtra for distribution in high-demand areas, an official release said. As per the official statement, the Department of Consumer Affairs has instructed the National Agricultural Cooperative Marketing Federation (NAFED) and […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. It […]
Amid a sharp spurt in tomato prices across the country, the Central government has directed its agencies – NAFED and NCCF — to immediately procure the staple vegetable from mandis in key growing states of Andhra Pradesh, Karnataka, and Maharashtra. The rise in tomato prices is reported across the country, and not just limited to […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
The per plate cost of veg and non-veg thali in India, which has been on a decline since October 2022, nosed up in May and June 2023, according to Crisil Market Intelligence and Analytics report. Crisil’s monthly indicator of food plate cost said that soaring tomato, pulses, and staple grain prices have added pressure on […]
As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]
Hero MotoCorp has confirmed that it will implement a price hike on its motorcycles and scooters from 3 July. The company cites a multitude of factors, including the escalating input costs, as the primary reason behind the decision. This move comes after a previous price increase of approximately 2 per cent in April earlier this […]
The central government has decided to release pulses Tur from the national buffer stock in a “calibrated and targeted” manner till imported stocks arrive in the domestic market. The food ministry in a release Tuesday said it has directed National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) to dispose of tur […]
