Rice prices may increase in the coming time due to less sowing of paddy in the Kharif crop. This time the production of rice is expected to decrease by 60-70 lakh tonnes. This will also have an impact on inflation rates.
Retail inflation stood at 7 percent in August. However, the rate of wholesale inflation has remained at an 11-month low. Irregular and delayed southwest rains in June-September are expected to reduce the paddy crop. According to the consumer ministry, the wholesale price of rice has increased by 10.7 percent to Rs 3,357 a quintal in a year. The retail price has increased by 9.47 percent to Rs 38.15 per kg.
The Food Ministry estimates that due to this there may be a decrease in the production of rice. Some experts believe that India has enough buffer reserves, so there is no need to panic. Along with banning the export of rice, the government has also imposed an export duty of 20 percent to reduce the prices.
NITI Aayog said, there is no need to panic
NITI Aayog member Ramesh Chand said that there is no need to panic about the price of rice. The rise in prices is because the Minimum Support Price (MSP) has been increased. At the same time, fertilizers and fuel have also become expensive.
Rupee vs Dollar: Rupee closes at record low against the dollar, dollar index at two-decade high
Dollar vs Rupee: On Wednesday, September 21, the Indian rupee closed at its lowest level against the US dollar. The US Federal Reserve saw a strong dollar index due to fears of a sharp increase in
Sudden lockdown in China's Disneyland, thousands of visitors trapped inside; watch video
The situation in China is bad due to Corona. The strict Kovid rules of the Jinping government have made life difficult for the people. Disneyland in Shanghai was suddenly closed due to China's
US President Joe Biden arrives in Poland to meet NATO allies after Ukraine visit
US President Joe Biden visited Ukraine on 20 February. Here he met the President of Ukraine, Volodymyr Zelensky. Biden announced additional military aid to Ukraine during his visit to Kyiv.
Politics on Anuj Singh's encounter: 'Tears of a sister who are shaking everyone by becoming words, but ...', SP raised questions
After the encounter of Anuj Pratap Singh, a one lakh prize of one lakh of the Sultanpur robbery case, SP President Akhilesh Yadav shared the video of Anuj's sister on X and wrote--Tears of a sister
Delhi Air Pollution: Delhi's air became 'very bad', AQI crossed 300 in these areas including Anand Vihar
The people of Delhi are having to breathe poisonous air. According to the Central Pollution Control Board (CPCB), the air quality is not improving. Meanwhile, on Tuesday, Delhi's average air quality
Kerala Crime Files Released: Malayalam crime drama series 'The Kerala Files' released, know when and where to watch
Malayalam Suspense Drama Kerala Crime Files Released: Ever since the trailer release of the Malayalam series The Kerala Files, the audience was waiting for the release. The series has been streamed on
PAK's entry in the Russia-Ukraine war: Pakistan sending dangerous artillery shells to Ukraine; How will geo politics change, how much will it affect India
This picture of Russian President Vladimir Putin and the then Prime Minister of Pakistan Imran Khan is from 24 February 2022. Imran Khan was on a tour of Russia then. Within hours of his arrival in
Beauty parlor, Insta reels, or demand of 35 lakh dowry... what is the real reason behind Nikki Payala's tragic death?
The real reason behind Nikki Payala's painful death was the conservative thinking and narrow mindset of her in-laws. After marriage, Nikki kept her education and skills under wraps for six years. With
Naval Power: Is China's naval power now more than America's? Sensational disclosure of American official
Amid growing tension in the world, the US Navy has raised the concern of western countries by saying that China has gained an edge over America in naval power. China now has a larger fleet than the US
Waqf bill: Preparations to include non-Muslims in Waqf boards, opposition parties are strongly criticizing this bill
The parliamentary committee considering the Waqf Amendment Bill is going to support the government's move to include non-Muslims in the Waqf boards. Sources gave this information on Tuesday.
