The central Govt may use Nafed to stockpile imported tur and urad

Even as excessive rains continue to harm the Kharif crops in important growing regions, the government is attempting to accumulate inventories of imported pulses, primarily tur and urad, to supplement supply and prepare for potential future market interventions. For the delivery of imported tur at designated warehouses in Chennai, Nhava Sheva, Kandla, and Mundra, Nafed…

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Inflation may decline to 5.2 percent next fiscal year due to regular rainfall.

According to an RBI assessment, persistently high inflation remains a key policy worry for the Reserve Bank, which has raised rates aggressively this year, but the pressure may subside next fiscal assuming normal rains and the continued normalization of global supply chains without any exogenous shocks. The Reserve Bank of India (RBI) anticipates retail inflation…

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