Current Affairs

GK MCQs Section

Topic: Food Inflation

Price Stabilisation Fund

To address the current surge in tomato prices and ensure affordability for consumers, the government has initiated the procurement of tomatoes through the Price Stabilisation Fund (PSF). These...

July 22, 2023

Onion Shortage threatens the world

Onion shortages are increasing all over the world. From Morocco to the Philippines, the governments are protecting their onion supplies. Morocco, Turkey, and Kazakhstan have stopped exporting onions...

February 24, 2023

Black Sea Grain Deal

Ukraine is one of the largest exporters of food grains such as rapeseed, maize, wheat, and sunflower oil. The country has good access to the Black sea ports....

February 15, 2023

CPI and WPI based inflation Data Updates

The Wholesale Price Index reduced to 4.73% and the Consumer Price Index increased to 6.52% in January 2023. The WPI was 4.95% in December 2022 and the CPI...

February 15, 2023

Sale of 30 LMT of wheat under Open Market Sale Scheme

Under the Open Market Sale Scheme, the Food Corporation of India sells surplus rice and wheat stocks. The prices of the food grains are pre-determined. Recently, the Government...

January 28, 2023

2022 Global Food Security Index (GFSI) Report

The 2022 Global Food Security Index (GFSI) report was released by the British weekly The Economist. In this report, South Africa overtook Tunisia to become the most food-secure...

December 15, 2022

Russia withdraws from Black Sea Grain Initiative

Russia recently pulled out of the Black Sea Grain Deal, which was launched to mitigate food inflation caused by conflict in Ukraine. What is Black Sea Grain Initiative?...

November 1, 2022

World Bank study on Energy Prices

The World Bank recently released the October 2022 edition of the Commodity Markets Outlook. What are the key findings of the Commodity Markets Outlook report? The projections of...

October 31, 2022

CPI inflation reaches 7.41% in September 2022

India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured...

October 13, 2022

World Bank’s GDP projection for India

The World Bank had recently downgraded India’s real GDP growth forecast for the Financial Year 2023 (2022-23). Key facts In its latest South Asia Economic Focus Update, the...

October 7, 2022

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