Most of the wheat stock in India is held by the government agency FCI, which is not exporting the commodity. Wheat traders want the FCI to release more wheat into the market, which will help keep domestic prices under control, reduce excess stocks and also meet the export demand. However, the processing industry is worried.
According to labour and employment minister Bhupender Yadav, India's labour codes are futuristic. "India is one of the few countries in the world that has recognised gig and platform workers in our Codes and they have been registered on the e-Shram portal."
In a recent development, India's top lender SBI will not process any transactions involving Russian entities subject to international sanctions imposed on Russia. Besides, Indian Oil Corp (IOC) said it would no longer accept cargoes of Russian crude and Kazakh CPC Blend cargoes on a free on board (FOB) basis due to insurance risk.
Member countries of the International Energy Agency (IEA), including India, late on Tuesday agreed to release 60 million barrels of oil from their emergency stockpiles as a message to the global oil markets that there will be no shortfall in supplies as a result of the conflict between Ukraine and Russia.
The Indian economy is estimated to grow marginally slower in the current fiscal year that ends in March than forecasts had showed earlier, as the impact of the Covid-19 pandemic hurt expansion.
A host of measures are afoot in the financial sector in response to the Russian crisis. These are aimed at ensuring continuation of trade with Russia and insulating the forex market from volatility.
The Russia-Ukraine crisis has got the government particularly worried about Indian exports, FM Nirmala Sitharaman said here on Monday.
New Sebi chief Madhabi Puri Buch was an executive director at ICICI Bank and before that she headed the lender's broking arm, ICICI Securities. Before joining Sebi, she also had a short stint at a private equity firm in Singapore.
