Economy

Only 470 tonnez of rice sold in past three rounds The weekly e-auctions of rice and wheat by the Food Corporation of India under the open market sale scheme continue.

The QCOs are different from the Bureau of Indian Standards (BIS) as they are mandatory. To curb imports and encourage local manufacturing, the government has notified quality control orders (QCOs).

The brokerage in a 31-page report titled ‘The decade under PM Modi – a deep-dive’, hailed landmark reforms, inflation control and financial inclusion and digitisation despite inheriting “a weak economy.

The report — ‘National Multidimensional Poverty Index: A progress of Review 2023’ — was released by Suman Bery, Vice-Chairman, Niti Aayog. India witnessed 13.5 crore people moving out of multidimensional poverty between.

He said India has been acting as an “agent of change” in the G-20 and that it is confident of building consensus to address critical developmental issues such as climate.

The report from the Labor Department on Friday followed on the heels of news this week that consumer prices and producer prices rose moderately last month. U.S. import prices fell.

In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion. India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in.

Merchandise exports stood at $32.97 billion, while imports were $53.10 billion in June. In the previous month, merchandise exports were $34.98 billion, while imports stood at $57.10 billion. India’s exports.

Imports also fell more than expected, down 6.8%, customs data showed on Thursday. China‘s exports fell the most in three years in June, slumping a worse-than-expected 12.4% year-on-year, as signs mount of.

The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter. Authorities want to avoid the risk of more inflation before.