Vegetable prices are forecast to decrease next month with the new crop harvest, according to a finance ministry official who stated that the government is concerned about rising crude oil prices as they are inching towards the tolerable zone of $90 per barrel. The official further said that reduction in excise duty on petrol and diesel is not on cards.
The consumer affairs ministry also announced to sell onions at Rs 25 a kg in areas where the retail price is above the national average price. The government-owned cooperative, National Cooperative Consumers' Federation (NCCF), will start providing onion at this subsidised rate from Monday. Around 10 mobile vans will be deployed in Delhi and more areas will be covered gradually.
"This is a significant milestone. It is heartening to see that more than half of these accounts belong to our 'nari Shakti. With 67% of accounts opened in rural and semi-urban areas, we are also ensuring that the benefits of financial inclusion reach every corner of our nation," the PM said on microblogging site X, formerly Twitter.
CaratLane recorded a turnover of Rs 2,177 crore for FY 2022-23, and the current transaction thus values the company at almost eight times its FY23 revenue. The deal is expected to be concluded on October 31, subject to approvals.
The latest step comes after official data showed retail inflation, as measured by the consumer price index, soared to a 15-month high of 7.4% in July, up from the previous month's 4.9%. PM Modi, in his I-Day speech, promised to control inflation and minimise the burden on citizens.
India has identified five priority issues—growth and prosperity, resilient global value chains, MSMEs, logistics, and World Trade Organization (WTO) reform—under its G20 presidency from December 1, 2022 to November 30, 2023.
"The amendments made under this Act shall be without prejudice to provisions of any other law for the time being in force, providing for prohibiting, restricting or regulating betting, casino, gambling, horse racing, lottery or online gaming," the notification said.
US-based trade bodies, including Apple, Google, Lenovo, Dell and HP among others, have urged the US to push India to retract its IT import restrictions, and to hold a formal consultation with industry stakeholders. The Indian government has placed laptops, tablets and other electronics under the restricted category, meaning companies will need additional licences to bring IT products into the country. Such licensing measures were announced with no prior consultation, said the trade bodies.