Rice production in the recently concluded kharif season is expected to be around 120 million tonnes (mt), which is a 5.9 per cent increase from the same season last year, on the back of a surplus monsoon and improved acreage, according to data from the first advanced estimate for 2024-25 (July-June) released on Tuesday.
A strong rice output should help boost exports and may prevent the government from reinstating any of the trade curbs it lifted recently.
India's retail inflation surged to a nine-month high of 5.49 per cent in September, up from 3.65 per cent in August, largely due to rising food prices, particularly fruits, vegetables, cereals, and pulses, data from the National Statistical Office (NSO) showed.
Food inflation, based on the Combined Price Index, increased to 9.24 per cent in September from 5.66 per cent in August and 6.62 per cent in the same period last year.
This story is from the November 06, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 06, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Centre sets capex goal for FY26 at ₹11.21 trn
May miss FY25 target by ₹93,000 cr due to election-year restrictions
Is it a step towards 'Nyaya'?
The finance minister (FM) saved the most impactful announcement for last – salary income up to ₹1 lakh per month is now tax-free.
Reforms-based, prudent Budget
India's economic resilience amid an uncertain world order provides a unique opportunity to our nation.
Boost for hospitality, health, and education
New tax regime for the middle class, tax exemption for 36 lifesaving drugs and more seats in medical and IITs are really strong aspects of this Budget.
Finger on the farmer pulse
Credit limit on KCC raised to ₹5 lakh; farm Budget at ₹1.71 trn, 22% more than FY25RE
Noble intentions, but questions remain
The Budget's goals are ambitious, but allocations to health and education fall short of its Viksit Bharat vision
Tax breaks for SWFs in infra extended by 5 yrs
In an effort to attract more global investments, Finance Minister Nirmala Sitharaman on Saturday announced an extension of the special tax exemption provided to sovereign wealth funds (SWFs) and pension funds investing in infrastructure by another five years.
Projects worth ₹4.6 trn added to pipeline: Vaishnaw
For the financial year 2025-26, the Ministry of Railways has added projects worth ₹4.6 trillion in its development programme, which will be executed over the next few financial years.
Railway capex stays flat; revenue receipts set to cross ₹3 trillion
Outlay provided for capex almost the same as the 2024-25 BE and RE
Investment, turnover limits for MSMEs hiked up to 2.5 times
Finance Minister Nirmala Sitharaman on Saturday paved the way for technological upgradation and better access to capital for micro, small, and medium enterprises (MSMEs) with the investment and turnover limits for classification being raised 2.5 and 2 times, respectively.
