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 tomatoes are being provided to consumers at significantly subsidized rates. Establishment and ..
Month: Current Affairs - July, 2023
Category: India Nation & States Current Affairs
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 due to their increasing demand and soaring prices in their homeland. Why ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs
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. Ukrainian ports in the Black sea are the lifelines of the country’s ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs
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 was 5.72% in December 2022. In January 2022, the WPI was 13.68%. ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs
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 of India issued orders to the FCI to sell 30 LMT of ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
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 country in Africa. What are the key findings of the report? Vulnerability ..
Month: Current Affairs - December, 2022
Category: Reports & Indexes Current Affairs
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? The Black Sea Grain Initiative was an agreement between Russia and Ukraine ..
Month: Current Affairs – November, 2022
Category: International / World Current Affairs
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 commodity prices are subject to numerous risks. Energy markets are facing significant ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs