Food Financial News

Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC's projection of 4.5% average inflation in FY25, the prevailing policy repo rate of 6.5% translates into a real interest rate of 2%. Edited excerpts of an interview with ET: In your view, what is an appropriate level of real interest rate that pushes inflation back to target while ensuring that growth is supported? With the policy rate as the instrument, there is a trade-off in terms of growth while bringing down the inflation rate to the target. However, a moderate inflation rate is also needed to achieve sustained high growth. While real interest rates above 2% may not be sustainable from a growth perspective, the persistence of inflation above the target is also unacceptable in the present framework.

consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. «This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been,» Subrahmanyam told reporters. «The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data,» he said.

Israeli military offensive in the southernmost city of Rafah could be «delayed somewhat» if a deal for a weekslong cease-fire between Israel and Hamas is reached, Prime Minister Benjamin Netanyahu said on Sunday, but claimed that total victory in Gaza is «weeks away» once the offensive begins. Netanyahu confirmed to CBS that a deal is in the works, with no details. Israeli media reported that mediators were making progress on an agreement for a cease-fire and release of dozens of hostages held in Gaza as well as Palestinians imprisoned by Israel. Several Israeli media outlets, citing unnamed officials, said the War Cabinet tacitly approved it. Talks resumed on Sunday in Qatar at the specialist level, Egypt's state-run Al Qahera TV reported, citing an Egyptian official as saying further discussions would follow in Cairo with the aim of achieving the cease-fire and release. Meanwhile, Israel is developing plans for expanding its offensive against the Hamas militant group to Rafah on the Gaza-Egypt border, where more than half the besieged territory's population of 2.3 million have sought refuge.

When Disney’s efforts to build a theme park in China became snarled in the late 2000s, Chief Executive Bob Iger sent his parks chief to Shanghai to figure out why government officials weren’t returning calls. Jay Rasulo recalls meeting with a high-ranking Communist Party official on the trip who urged him not to give up. “Jay, keep knocking at the gate," the official said.

₹20,824 per month on their needs, nearly 10 times of what the persons in the bottom 5% spend ( ₹2,001), the new Household Consumption Expenditure Survey (HCES) released by the statistics ministry showed. In rural areas, the ratio is slightly narrower, at seven times ( ₹1,373 vs ₹10,501). On average, a rural person spent ₹3,773 per month in 2022-23, compared to ₹1,430 recorded in the 2011-12 survey.

Deepak Chahar claimed that he was defrauded by food delivery platform Zomato. While sharing a screenshot of his recent order, Deepak Chahar said that the order was showing delivered on the mobile application, but he never received food. When the pacer raised the issue with customer service, they denied believing him and accused Deepak Chahar of lying.

Inflation has changed the way many Americans shop

idli, chana masala and rajma featured in the top 20 dishes with the highest biodiversity footprint, along with chicken jalfrezi and chicken chaat, according to a new study analysing 151 popular local dishes from around the world. However, researchers found that dishes with beef as the main ingredient such as fraldinha — beef cut dish originating from Brazil — formed the bulk of the top 20. Chili con carne (spicy stew with chili peppers, beef and beans) and beef tartare were other such dishes. The scientists from National University of Singapore analysed lists of popular dishes taken from CNN.com and TasteAtlas.com to estimate their biodiversity footprints when globally and locally produced. The researchers found that dishes made from ingredients like beef, legumes and rice encroaching on biodiversity hotspots with already very high agricultural pressure such as India end up having a high biodiversity footprint.

₹3,000 crore. In such a situation, pesticides play a vital role in managing pest resistance and diseases. India has set a goal to double farmer’s income.

Mint. India imposed a ban on onion exports last December amid concerns over domestic production shortfall caused by irregular rainfall, pushing prices up. The ban is in place until the end of the ongoing financial year.

By Diego Oré

Dabur India Ltd as it saw comparatively better rural demand. Still, this does not imply that a rural recovery is on the cards as Dabur’s rural growth comes on the back of distribution expansion. In general, the benign commodity cost environment meant increasing competition from local players in some categories.

GST Council is likely to soon clarify that Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST), an official said. According to the official, RERA, which functions as a regulator as well as facilitator for the realty sector, is covered under Article 243G of the Constitution dealing with powers, authority and responsibilities of panchayats. RERA was set up in different states to ensure transparency in real estate projects, protect the interest of consumers and to establish an adjudicating mechanism for speedy dispute redressal. The official said that after discussions with RERA functionaries about the nature of their function it was decided that GST is not applicable on them.

MUMBAI (Reuters) — Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges, government consumption data showed.

Bloomberg. As per the report, the share of food in monthly consumption in rural areas declined to 46.4 percent in the latest survey, from 53 percent in 2011-12. The non-food consumption increased to 53.6 percent from 47 percent, the survey showed as reported by Bloomberg.

Dabur India Ltd as it saw comparatively better rural demand. Still, this does not imply that a rural recovery is on the cards as Dabur’s rural growth comes on the back of distribution expansion. In general, the benign commodity cost environment meant increasing competition from local players in some categories.

French President Emmanuel Macron has been greeted with boos and whistles at the opening of the Paris Agricultural Fair by angry farmers who blame him for not doing enough to support them

was attacked on Feb. 18 while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, U.S. Central Command said.

consumption has narrowed, and Indian household spending on non-food items has risen, showed the results of Household Consumption Expenditure Survey (HCES) 2022-23 released on Saturday. Household spending increased 2.6 times in rural areas and 2.5 times in urban areas since the last survey, conducted in 2011-12. In 2022-23, average monthly per capita expenditure in rural areas was ₹3,773, compared with ₹6,459 in urban areas. The gap between urban and rural consumption has narrowed to 1.71 times in 2022-23 from 1.8 times in 2011-12. Urban consumption was nearly double of rural consumption in 2004-05.

soch raha hoon food blogger ban jaun (I'm thinking of becoming a food blogger)" he wrote on Instagram. The actor explained in the comments that he was now back on ‘maintenance diet’ after a rather eventful cheat day. “#RameshwaramCafe #NagarjunaFood #CheatDay" the caption added, prompting a drooling emoji response from fellow actor Mouni Roy.A post shared by KARTIK AARYAN (@kartikaaryan) Aaryan was seen posing outside The Rameshwaram Cafe with a plate of dosa before ‘pretending’ to eat as he sat inside a restaurant with his friends.

Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday. The proposals got the state government's nod at a meeting chaired by Chief Secretary P K Jena on Friday. The potential sectors include aluminium, renewable power, manufacturing, aerospace and defence, food processing, apparel and textiles and IT infrastructure, the official said.