India’s Chief Economic Advisor calls recent inflation spike transitory

A surge in onion prices contributed around 70 basis points to retail inflation that scaled a 68-month peak of 7.59 per cent in January, chief economic adviser Krishnamurthy Subramanian said, stressing that the latest spike in inflation is “transitory” and is substantially driven by volatile vegetable prices and an unfavourable base, reported Financial Express.. He […]

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Iran overtakes Russia as biggest buyer of Indian tea in 2019

Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals, reports Bloomberg. India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the US. While this bilateral trade has boosted imports of […]

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Pesticides spraying using drones is illegal in India, says Centre

Responding to activist’s petition on the increasing use of aerial spraying and consequent damage to the environment, the central government has recently decided to make the pesticides spraying through drones as ‘illegal’. Moreover, the Union Government has clarified that drone-spraying is illegal. “As per the provisions of Insecticides Act 1968, aerial application of pesticides needs […]

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NCDEX maintains its iron grip on agri-derivatives; controls 72% market share

The National Commodity & Derivatives Exchange (NCDEX) has stated that it has maintained its leadership position in January with its performance in the agri-commodities segment. The exchange led the agri-derivatives market in India across number of contracts, open interest in value and traded value. Reflecting 72 per cent of total market share, the exchange registered […]

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Government aims to make India a surplus country in terms of pulses production: Narendra Singh Tomar

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Inaugurating the UN World Pulses Day celebrations in New Delhi, Union Minister for Agriculture & Farmers Welfare Narendra Singh Tomar said that initiatives of the Government in increasing pulses production in the country yielded positive results and Government is committed to provide remunerative prices to farmers for the produce, a release by Press Information Bureau […]

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