The Department of Food and Public Distribution (DFPD) in India has lauded the Government’s prompt actions, leading to a substantial availability of sugar at reasonable prices across the country. While speaking to ANI, Secretary of DFPD, Sanjeev Chopra informed that as the current Sugar Season (Oct-Sep) 2022-23 approaches its end on 30 September 2023, India […]
A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year’s estimates of 518 lakh tonne, an official release from the ministry said Wednesday. Wherein 496 lakh tonne was actually procured during the 2022-23 season. During 2023-24, the leading States in terms […]
The Consumer Price Index (CPI) points to potential fluctuations in retail inflation in India, ranging from 5.6 to 6.6 per cent for July. This variation is primarily attributed to a surge in expenses within the food sector. The unveiling of this statistic by the government is scheduled for Monday. Over the past two months, food […]
Auto retail sales in July maintained a steady 10 per cent year-on-year (YoY) growth, mirroring the previous month, said the Federation of Automobile Dealers Associations on Monday. However, the MoM decline continued highlighting short-term slowdowns. According to FADA, all vehicle categories recorded positive figures: Two-Wheelers (2W) at 8 per cent, Three-Wheelers (3W) at 74 per […]
Kansai Nerolac Paints (KNPL), the paint company in India, on Friday at the Board meeting announced its unaudited results for the first quarter of financial year 2023-24. For the quarter, the company declared Net revenue of Rs. 2071.2 crore, a growth of 6.5 per cent over the corresponding quarter of the previous year. The earnings […]
Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider on Monday reported a 5.9 per cent year-on-year (YoY) growth in its consolidated net profit at Rs. 832 million for the first quarter of the financial year 2024, compared to Rs 786 million in Q1FY23. The company’s consolidated revenue from operations […]
The government’s agricultural marketing company National Cooperative Consumers Federation of India Ltd (NCCF) on Monday began selling tomatoes at the subsidised rate of Rs 70 per kilogram through the Open Network for Digital Commerce (ONDC). Anice Joseph Chandra, Managing Director, NCCF told ANI that “We have partnered with ONDC for sale of tomatoes in Delhi […]
The Solvent Extractors’ Association of India, the apex industry body for edible oils, once again urged its members to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers. The food ministry and the leading edible oil industry representatives in India had a meeting in June to discuss a […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low. The June wholesale inflation came in at (-) 4.12 per cent against (-) 3.48 per cent in May, as against minus 0.79 the previous month […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. […]
