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Top related persons:
Alexander Ermochenko - 2 Sanjeev Chopra - 2 Aftab Ahmed - 2 Rajendra Jadhav - 2 Mayank Bhardwaj - 2 Sonali Paul - 2
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Russia Ukraine Nikolske Donetsk Region Russian DELHI MUMBAI India
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Search resuls for: "Aftab Ahmed Rajendra Jadhav"


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☆ India considers wheat imports from Russia at discount to calm prices - sources
  + stars: | 2023-08-17 | by ( Aftab Ahmed Rajendra Jadhav | Aftab Ahmed | Rajendra Jadhav | ) www.reuters.com   time to read: +3 min
The imports would allow New Delhi to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. "The government is exploring the possibility of imports through private trade and government-to-government deals. The decision will be made cautiously," one of the sources told Reuters, when asked about wheat imports from Russia. Wholesale wheat prices in India surged around 10% over two months to a seven-month high in August on limited supplies. Wheat stocks at government warehouses were at 28.3 million tons on Aug. 1, 20% below the 10-year average.
Persons: Alexander Ermochenko, Sanjeev Chopra, Aftab Ahmed, Rajendra Jadhav, Mayank Bhardwaj, Sonali Paul Organizations: REUTERS, Reuters, Thomson Locations: Russia, Ukraine, Nikolske, Donetsk Region, Russian, DELHI, MUMBAI, India, New Delhi, Mumbai
☆ India considers wheat imports from Russia at discount to calm prices-sources
  + stars: | 2023-08-17 | by ( Aftab Ahmed Rajendra Jadhav | Aftab Ahmed | Rajendra Jadhav | ) www.reuters.com   time to read: +3 min
The imports would allow New Delhi to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. "The government is exploring the possibility of imports through private trade and government-to-government deals. The decision will be made cautiously," one of the sources told Reuters, when asked about wheat imports from Russia. Wholesale wheat prices in India surged around 10% over two months to a seven-month high in August on limited supplies. Wheat stocks at government warehouses were at 28.3 million tons on Aug. 1, 20% below the 10-year average.
Persons: Alexander Ermochenko, Sanjeev Chopra, Aftab Ahmed, Rajendra Jadhav, Mayank Bhardwaj, Sonali Paul Organizations: REUTERS, Reuters, Thomson Locations: Russia, Ukraine, Nikolske, Donetsk Region, Russian, DELHI, MUMBAI, India, New Delhi, Mumbai
☆ India expected to cut gold import duty to sideline smugglers - sources
  + stars: | 2023-01-23 | by ( Aftab Ahmed Rajendra Jadhav | Aftab Ahmed | Rajendra Jadhav | ) www.reuters.com   time to read: +3 min
A cut in the import duty by the world's second-biggest consumer could lift retail sales by making gold cheaper ahead of peak demand season and support global prices . The effective duty is now 18.45%, which includes the 12.5% import duty, 2.5% agriculture infrastructure development cess and other taxes. The finance ministry declined to comment while the trade ministry did not immediately respond to a request for comment. "Smuggling is going up," said the commerce ministry official, adding that the duty could be cut in an upcoming budget. Indian gold prices jumped to a record 56,850 rupees per 10 grams last week.
☆ India replaces COVID-era free food programme with cheaper scheme
  + stars: | 2022-12-23 | by ( Aftab Ahmed Rajendra Jadhav | Aftab Ahmed | Rajendra Jadhav | ) www.reuters.com   time to read: +2 min
REUTERS/Amit Dave/File PhotoSummary India to save nearly $20 billion over 12 monthsEnding pandemic-era free food programme may cool pricesIndia to provide already highly subsidised food for freeNEW DELHI, Dec 23 (Reuters) - India will end its COVID-19 era free food programme on Dec. 31 and replace it with a cheaper programme that will save the government nearly $20 billion in the next 12 months. Late on Friday, India's Food and Trade Minister Piyush Goyal said the government will stop the free food programme after 28 months as the economic situation has improved since COVID-19 cases and restrictions have eased. The programme provided poor families with 5 kg (11 lb) of foodgrains each month in addition to other highly subsidised foodgrains. Now the government will make the highly subsidised foodgrain free for the next 12 months, Goyal said. The government will save at least $20 billion over the next 12 months by ending the pandemic-era free food programme, as they will only spend on one food scheme instead of multiple programmes, according to an official, who did not want to be named.
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