Tag: Government Policy

What is meant by food inflation? Global food inflation raises the prices of edible oil and sugar, while MSP rises are another factor driving sugar price inflation. Food inflation feeds into non-food inflation and aggregate CPI inflation. According to Trading Economics global macro models and analyst forecasts, food inflation in...

The minister stated that the maize crop has numerous uses, including foodgrain, animal feed, and ethanol generation, and that the government has significantly boosted the minimum support price (MSP) for maize to increase production of this coarse cereal. Agriculture Minister Narendra Singh Tomar said on Thursday that increased investment...

Reserve Bank of India Governor Shaktikanta Das' unscheduled 15-minute statement today was nothing short of a (thunder)bolt from the blue. And like all thunder, it foretells stormy weather ahead. First, even at 10 am when the RBI announced that the governor would deliver a statement at 2 pm, the guess...

India is likely to take another 13 years to overcome the losses incurred due to the Covid pandemic that hit the country in March 2020, says a Reserve Bank of India (RBI) report. Taking the actual growth rate of (-) 6.6 percent for 2020-21, 8.9 percent for 2021-22, and assuming...

The National Pension System Trust (NPS Trust) is a specialised section of the Pension Fund Regulatory and Development Authority, which is overseen by India's Ministry of Finance. In India, the National Pension Scheme (NPS) is a defined contribution pension system with a voluntary component. In India, the National Pension...

All new buildings in Mumbai over 2,000 square metres may soon be required to have rooftop gardens. It also urges builders to use vertical gardens instead of tin sheets to enclose their projects on construction sites. This is part of the BMC's soon-to-be-implemented new rooftop/terrace and vertical garden policy. As...