Centre says measures in place to check price rise Context Union Food Secretary Sanjeev Chopra stated here on Thursday that the Center has implemented sufficient steps, such as extending the ban on sugar, wheat, and rice exports, to guarantee that the costs of these necessities […]
Centre raises MSP for Rabi crops, farmers unhappy Context For the financial year 2024–2025, the Cabinet Committee on Economic Affairs (CCEA) has raised the Minimum Support Prices (MSP) for all Rabi crops. The main Rabi crop, wheat, will now cost ₹2,275 per quintal, an increase […]
Gaza strife raises worries about inflation Context Even if the government maintains retail fuel prices ahead of crucial elections, wholesale prices may increase, and a greater import bill might strain the currency, experts warned. A protracted Israel-Hamas conflict could push oil costs beyond India’s comfort […]
Centre imposes 40% duty on onion exports, to offload stocks Context Onions exported were subject to a 40% tax on Saturday by the Center. To lower the retail prices, the government will also liquidate its stock of onions in several wholesale marketplaces. The cost of […]
June industrial growth slows to 3.7% Context In June, industrial production growth dropped to a three-month low of 3.7% from May’s revised 5.3%, with manufacturing growth slowing to 3.1% from 5.8% in May and consumer durables output slipping back into contraction. What is the Index […]
Inflation accelerates to 7.41% #GS-03 Inflation For Prelims: About Inflation: Inflation is the general rise in the price level of goods and services over a period of time within a particular economy which results in reducing the purchasing power of the customer. In India, Inflation […]
Reserve Bank raises rates by 50 bps, brings down growth outlook to 7% #GS-03 Economy, Monetary Policy For Prelims About Monetary Policy Committee. The Monetary Policy Committee (MPC) is created to set the policy interest rates as a part of its monetary policy. It is […]
Rice, wheat push up inflation, but South bucks the trend #GS-03 Agriculture, Inflation For Mains Inflation in India: India’s retail inflation reached to 7% in August 2022. A major factor behind this uptick was a reversal in retail food inflation which declined to 6.7% in […]
Dogged by inflation: On Price rise and policy measures #GS-03 Economy Context The recent release of Government’s Index of Eight Core Industries for May, and S&P Global’s survey-based Purchasing Managers’ Index (PMI) have shown some concerns regarding the growth of India’s manufacturing industries. For Prelims […]