Food Financial News

policy framework, the Economic Survey 2023-2024 on Monday said the government should consider export bans on agricultural products only in specific situations and avoid banning futures or options markets at the first sign of any price surge to let markets function in the interest of farmers. India either banned or imposed curbs on exports of major agricultural items such as wheat, rice, sugar and onions as erratic weather hurt output, inflating prices in the domestic market. The Centre also banned trading in wheat, paddy (non-basmati), chana, mustard seeds, soya bean and moong to prevent any price surge.

Muzaffarnagar: Even after the Supreme Court stayed the order forcing eatery owners on the Kanwar Yatra route to display their names, the proprietors are hesitant to remove the local administration-ordered nameplates.

Earlier this year in January, the Reserve Bank of India’s flexible inflation targeting framework completed a decade as the primary determinant of Indian monetary policy. Informally adopted in January 2014 and officially in 2016, the framework has been the subject of considerable debate over the last few years. There really are two branches to India’s inflation targeting debate: the numerical target—4% in a band of 2-6%, and the measure of inflation itself, which is headline inflation as measured by the consumer price index (CPI).

Private sector investment has been improving after Covid-19 and it is expected to further pick up in the coming months, Chief Economic Advisor V Anantha Nageswaran said on Monday. Talking to PTI after tabling of the Economic Survey in Parliament, Nageswaran said private sector investment has been improving over the years after Covid-19.

private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility.

Economic Survey has projected a conservative growth of 6.5-7 per cent for the current fiscal year because of global uncertainties and various domestic challenges, experts said on Monday. The projection is lower than 8.2 per cent growth rate estimated in 2023-24 and tad lower than Reserve Bank's forecast of 7.2 per cent for the current financial year.

Dodla Dairy Ltd.(up 7.29%), Parag Milk Foods Ltd.(up 4.93%), Zydus Wellness Ltd.(up 3.48%), Heritage Foods Ltd.(up 3.24%), Hindustan Foods Ltd.(up 3.17%), Tata Consumer Products Ltd.(up 1.42%), Bikaji Foods International Ltd.(up 1.37%), Godrej Consumer Products Ltd.(up 1.26%), Adani Wilmar Ltd.(up 1.24%) and Nakoda Group Of Industries Ltd.(up 1.23%) stood among the top gainers.

AI), trade protectionism, resource-hoarding, excess capacity and dumping, and onshoring production are restricting the potential of countries to squeeze out growth from manufacturing and services; so the agriculture sector can be a growth engine for India and the world, the Economic Survey 2024 said.

Economic Survey 2024 which was tabled by Union Finance Minister Nirmala Sitharman on Monday stated that food inflation based on the Consumer Food Price Index (CFPI) increased from 3.8 per cent in FY22 to 6.6 per cent in FY23 and further to 7.5 per cent in FY24, suggesting a 97 per cent surge in the last two years.

Sati Poly Plast listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 247 as against an issue price of Rs 130 per share. Ahead of the listing, the company's shares traded with a premium of Rs 140 in the unlisted market.

IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel among others will be in focus due to news developments and quarterly results. IDBI Bank, Suzlon Energy

South Korean drama viewers were sent into confusion on July 20 and July 21 after XRP hackers seized control of two top YouTube channels.

CapitaLand India Trust, formerly known as Ascendas India Trust, part of CapitaLand Group, has acquired realty developer Aurum Ventures’ 22-storey, fully leased sustainable office tower, spread over 8.5 lakh sq ft in Navi Mumbai’s Ghansoli locality, for Rs 707 crore, said people with direct knowledge of the development. The deal is among the largest acquisitions of a standalone commercial tower by any global institutional investor in India. CapitaLand India Trust Management has acquired the multi-tenanted tower ‘Building Q2’ in Aurum Q Parc in its capacity as trustee-manager of CapitaLand India Trust, a Real Estate Investment Trust (REIT) focusing on India.

Budget 2024: Finance Minister Nirmala Sitharaman who will present Union Budget for record-seventh time is scheduled to table the Economic Survey on July 22, Monday. «The Economic Survey of India will be laid on the table of the Houses of Parliament on Monday, the 22nd of July, 2024. The Budget for the Union Territory of Jammu and Kashmir for 2024 will also be presented on the 23rd of July, 2024. Tentatively 6 items of legislative business and 3 items of financial business have been identified for being taken up during this session,» said Kiren Rijiju, Ministry of Parliamentary Affairs. The upcoming Budget will be Prime Minister Narendra Modi-led government's first major policy announcement after securing a third term in May. The Budget is set to host an array of measures to combat unemplyement and other persisting issues in the country.

Food Processing Minister Chirag Paswan feels that his ministry «deserves a good budget» allocation for setting up of processing units across the country which will help in providing job opportunities to local people and also boost farmers' income. Without disclosing contents of his ministry's request from the Finance Minister Nirmala Sitharaman, Paswan said his ministry has sent the Budget wish list to the finance ministry and was not sure of how much of that will be accepted in this budget, considering the limitations. But, he was hopeful that the wishlist would be accepted in the subsequent years. In an interaction with PTI, he also outlined his top three priorities — setting up of food processing units, taking Indian brands to global markets and clearing various misconceptions regarding processed foods.

chicken for himself but told the waiter to bill it as a vegetarian dish. This was treated as quite routine. I was reminded of this while reading Avay Shukla’s memoir of IAS life, 'The Deputy Commissioner’s Dog and Other Colleagues'. Since liquor is not allowed at government dinners, it is simply billed as chicken, he wrote: “A peg of single malt is worth a whole chicken, a Scotch two legs, a shot of rum is equivalent to a wing…” This kind of creativity comes up whenever people find consumption habits constrained. Yes Minister, the British TV serial, depicted this with an episode set in a Middle Eastern country with strict prohibitions on alcohol. So, at an official reception, the British set up a secure communications room where the booze is stored and periodically, the minister and bureaucrats visit it for a ‘message’ from “Mr Johnny Walker from the Scotch Office”, “Mr Smirnoff from the Russian embassy” or “a delegation of Teachers”.

Aam Aadmi Party Rajya Sabha MP Sanjay Singh on Sunday accused BJP of «messing» with the health of Delhi Chief Minister Arvind Kejriwal, who is lodged in Tihar jail. Addressing a press conference, Singh said that Kejriwal's medical report shows that anything can happen to him anytime. «The BJP is messing with Kejriwal's health. Initially, they were saying that he is eating sweets and trying to spike his sugar levels but now they are saying that he has reduced his food intake. Why will someone do this and pose a threat to their own life?» Singh said.

Kanwariyas. He would get Rs 400-600 and at least two meals every day for the job. This year, however, his employer, Mohammad Arsalan, asked him to look for other jobs as he cannot afford to hire extra staff, expecting that his earnings will take a hit due to the Uttar Pradesh government's orders to owners of hotels, restaurants, food carts and eateries along the Kanwar Yatra route to display the names of their owners at their outlets. After the Muzaffarnagar Police issued the order, the Uttar Pradesh government on Friday extended the controversial order across the state. Uttarakhand Chief Minister Pushkar Singh Dhami said similar instructions are already in place in his state as well.

Zomato delivery agents in Bengaluru, revealing that their income can surpass that of many IT engineers in India. Kamath, who runs the 'Full Disclosure' YouTube channel, shared insights from her discussions with two delivery agents, highlighting the disparity between their earnings and those of average IT professionals.

NGOs run by the Muslim community in Uttar Pradesh will not set up their annual relief camps for kanwariyas this year. This comes amid controversy over name plates mandated outside businesses, reports TOI. Relief camps were set up every year in which thousands of kunwariyas were served food, shelter, medical aid and even foot massages. Kunwariyas walk long distances along roads and highways.

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