According to the budget papers, the Ministry of Consumer Affairs, Food & Public Distribution has been allocated Rs 2.13 lakh crore for the next fiscal year, lower than the 2023-24 allocation. Under this ministry, the allocation for the department of consumer affairs has been earmarked at Rs 303.62 crore for 2024-25 from Rs 309.26 crore in the current year.
The Indian government has reduced wheat stock limits for traders, wholesalers, and retailers, halving them to 1,000 tonnes and five tonnes respectively. The new limits will apply until March 31, 2024. The move comes amid rising cereal and pulse prices, with food inflation remaining high.
India Business News: The Indian government is considering a review of the minimum export price of basmati rice amid concerns from the industry that high prices are affecti
The Indian government is considering a review of the minimum export price of basmati rice, which currently stands at USD 1,200 per tonne. Rice exporters associations have been requesting a reduction to around USD 850 per tonne. The government had previously decided not to allow exports below USD 1,200 per tonne to prevent the shipment of non-basmati rice disguised as premium basmati rice. The Ministry of Consumer Affairs, Food & Public Distribution stated that a review of the export price is under active consideration, taking into account the concerns raised by the industry.
The Annual Rubber Conference and Assembly Meetings of the Association of Natural Rubber (NR) Producing Countries (ANRPC) will be held in Guwahati from October 9 to 13. The conference aims to address the common challenges faced by NR-producing countries, such as low rubber prices, labor costs, labor shortages, diseases, climate change, and environmental problems.