NAFED plans to open 200 grocery stores by this fiscal end

The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in collaboration with Tirupati Cooperative has opened its first grocery store named Nafed Bazaar in Gurugram, Haryana. NAFED is a central government agency engaged in the procurement, processing, distribution, export, and import of various agricultural commodities. The Bazaar in Gurugram is an initiative of a […]

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Pandemic has worsened food security: World Bank

Hunger has been rising since 2014, due to conflict, economic shocks, and weather extremes. According to the FAO, 688 million people were hungry in 2019, compared to 624 million in 2014. The COVID-19 pandemic has worsened food insecurity by disrupting supply chains. Together with currency depreciation and other factors, this in turn has driven up […]

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China-Europe freight-train service records over 40,000 trips: Xinhua

The China-Europe freight-train service has recorded more than 40,000 trips with transported goods valued at over $200 billion, Xinhua reported citing official data. Since the first China-Europe freight train left southwest China’s Chongqing Municipality in March 2011, the service has reached more than 160 cities in 22 European countries, according to a work conference of […]

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India’s exports of cereals witnessed sharp spike in 2020-21

India saw a sharp rise in exports of rice (basmati and non-basmati), wheat and other cereals in 2020-21 to new markets and attributed it to the synergy and collaboration between various stakeholders—farmers, millers, exporters, and government agencies. APEDA in collaboration with stakeholders has been exploring new opportunities through ensuring market access, adherence to products qualities […]

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E-groceries to grow by 59% CAGR to Rs 1.31 trillion by 2024: Motilal Oswal

Multiple platforms are disrupting the grocery space with innovative models. The e-grocery space is estimated to grow at over 59 per cent compound annual growth rate (CAGR) and reach Rs 1.31 lakh crore (Rs 1.31 trillion) by 2024, said investment and brokerage house, Motilal Oswal Financial Services. India has 15.4 crore online transacting households with 13 crore […]

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City gas distribution volumes adversely hit by Covid-driven lockdowns: ICRA

The city gas distribution (CGD) sector’s domestic gas volumes declined by 12 per cent month-on-month to 15.2 million metric standard cubic metre per day (MMSCMD) in April as transportation and passenger mobility segments were hit the hardest by lockdowns, according to ratings agency ICRA. “However, this remains higher than the consumption of 4.2 MMSCMD in April last […]

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