Economy

The estimated lesser production of kharif pulses and shrinking of current rabi pulses sowing acreage has led the government to control domestic prices.

The notice dated December 27, 2023, pertains to several issues raised in a final audit report on December 25, for the 2018-19 financial year, according to the filing.

One notable achievement was the increased frequency of meetings held by the GST Council, which convened four times in 2023 as against just two meetings held in the preceding year.

In the domestic equity market, the 30-share BSE Sensex was trading 40.52 points or 0.06 per cent higher at 71,147.48.

This improvement was primarily attributed to a reduction in the merchandise trade deficit and a growth in services exports.

The result -- the disinvestment target for current fiscal year is again likely to be missed.

In most Indian cities, properties priced upwards of Rs 1.50 crore are considered as premium or luxury. In MMR, this segment starts at Rs 2.50-3 crore.

Narayanan said opportunities in corporate farming are big and currently Indian players are exploring the huge potential in agri drone exports.

Vegetable price may push up food and headline inflation, says Monetary Policy Committee.

It is expected that by FY 2030 coal production from captive/commercial will reach to the level of about 350 MT and it will be just next to production from CIL.

Commercial LPG will now cost Rs 1,710 per 19-kg cylinder in Mumbai, Rs 1,868.50 in Kolkata, and Rs 1,929 in Chennai.

Global oil price benchmark Brent crude climbed 0.97 per cent to USD 80.16 per barrel.

More than 3.49 lakh units were sold across the top 7 cities in the first nine months of CY2023, against 3.65 lakh units in the entire 2022, said real estate consultant Anarock.

Interestingly, India has implemented savings programmes to attract foreign currency deposits from their non-resident citizens.

Pulses prices up 20.23%, vegetables get costlier by 17.7%, fruit prices rise about 11%

On complaints of members that the centre delays the release of funds to states, Sitharaman said they are done in accordance with the rules on receipt of utilisation certificate.

On December 8, the Centre banned onion exports till March 31 next year to increase domestic availability and keep prices under check.

India is the world’s second-largest sugar producer and a major exporter, and it has been using more and more sugarcane crops to make ethanol.

Earlier, the Centre in October had decided to step up the sale of buffer onion stock at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers.