Go easy on the oil when rustling up your favourite curry, pasta, or pan-fried noodles as the prices of edible oils are at an all-time high and still climbing. Concerned about retail prices of edible oils soaring to their highest levels in over a decade in May 2021, and at a time when consumers are […]
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and diesel has fattened collections by over 459 per cent, Oil Minister Dharmendra Pradhan said in Parliament. In written replies to a spate of questions on rising fuel prices in […]
Food minister Piyush Goyal said there was no proposal before his ministry to increase the rate of foodgrain sold through ration shops under the National Food Security Act (NFSA). The ration shops, also known as Public Distribution System (PDS), sells foodgrains at highly subsidized rates to the card holders. The recent Economic Survey has recommended […]
The government of India has eliminated subsidy on poor man’s fuel, kerosene through small fortnightly price increases. Kerosene sold through the public distribution system (PDS) is now priced at market rates. The Union Budget for 2021-22 makes no provision for payment of subsidy on kerosene in the fiscal year beginning April, according to budget documents […]
Following a series of meetings chaired by Piyush Goyal, minister for food, consumer affairs, commerce, industry and railways, with FCI and senior government officials, the government of India has proposed to revise archaic grain standards of the FCI, which were set 20-30 years ago. The plan includes keeping with advances in harvesting and handling technologies, […]
The central government needs to implement schemes that encourage a diversified food basket by mapping the food consumption patterns and nutrition, a study by Indian Council for Research on International Economic Relations (ICRIER) said. The trade-off between promoting agricultural production and nutrition must be confronted and leveraging agricultural policies and programmes to be more “nutrition-sensitive” […]
Jet fuel (ATF) price was hiked by almost 2 per cent, while rate of kerosene sold through public distribution system (PDS) was cut by Rs 2.19 per litre as oil marketing firms aligned the rates in line with international cost. The price of aviation turbine fuel (ATF) was raised by Rs 719.25 per kilolitre (kl), or […]
Flour millers have demanded the current wheat price under the open market sale scheme (OMSS) be cut by 23 per cent on assurance that the millers would purchase 10 million tonnes from the government’s official stock. A decrease in the reserve price may help the government to reduce the stockpiles of the cereal with the […]
As per a Food Corporation of India (FCI) report released on 28 June, the national granary has 266.29 lakh tonnes of rice and 550.31 lakh tonnes of wheat in its godowns. A total of 816.60 lakh tonnes food grain stock is available, excluding the ongoing purchase of wheat and paddy, yet to reach the godowns. […]
The Food Corporation of India currently has 270.89 lakh tonnes of rice and 540.80 lakh tonnes of wheat, accumulating a total of 811.69 lakh tonnes food grain stock. This excludes the ongoing purchase of wheat and paddy, which have not yet reached the godowns. Since the lockdown, about 117.43 lakh tonnes food grains have been […]
