After tomatoes and onions, soaring dal prices dampen festive fervour

Agencies
October 3, 2019

Bhopal, Oct 3: In the last one week, the price of urad dal has increased by Rs 450-Rs 850 per quintal in the major markets of the country. Along with urad, the prices of moong, masoor and chickpeas (chana) dal have also gone up.

Experts opine that pulses will be more expensive because the urad crop has suffered in Madhya Pradesh due to the incessant rain. At the same time, sowing of pulses has also been estimated to be less in this kharif season than last year.

Rajni, a resident of Delhi's Mandawali area, said that after the spike in vegetable prices, she used to manage with potatoes and lentils as the prices were low, but now pulses have also become expensive.Earlier, chickpeas (chana) was available at Rs 55-Rs 60 per kg, but now it has gone up to Rs 65-Rs 70 per kg while chickpea lentils (chana dal) is at Rs 90 per kg.

Mumbai's Amit Shukla, a pulses market expert, said that there was a rumour in the market on Tuesday that the government is going to impose a stock limit on pulses for wholesale and retail traders, which led to a one-day fall in the prices of all pulses. But for the last one week, the prices of gram, moong and lentils have been going up.

The wholesale price of Urad's FAQ (imported from Burma) variety in the country's financial capital Mumbai on Tuesday was Rs 5,450 per quintal, which is Rs 550 more than the previous week. At the same time, the price of FAQs in the National Capital Region of Delhi was up by Rs 450 to Rs 5,400 per quintal from the previous week. The price of FAQ Urad in Chennai was Rs 5,650, UQ of SQ Variety was Rs 6,775 per quintal. In Chennai, the prices of FAQ and SQ have increased by Rs 600 and Rs 525 per quintal respectively in the last one week. The price of FAQ Urad in Kolkata rose by Rs 850 to Rs 6,200 per quintal in the last one week.

The price of moong has also increased by Rs 100-Rs 200 in various cities during the last one week. The price of Rajasthan Line Moong was Rs 6,100 per quintal in Delhi on Tuesday. In Delhi, the price of moong has increased by Rs 200 per quintal in the last one week. At the same time, the price of gram has increased by Rs 25-Rs 100 per quintal in major mandis of the country in the last one week. In Ganj Basoda, Madhya Pradesh, the price of desi gram increased by Rs. 100 to Rs. 4,100 on Tuesday. The price of Lemon Tur in Delhi was Rs 5,300 a quintal and there has been no significant change in the price in the last one week.

During the crop year 2018-19 (July-June), the total production of all pulses was estimated to be 234.8 lakh tonnes, while traders indicated that the total consumption of pulses in the country was around 240 lakh tonnes.

Not only this, in the current crop year 2019-20, the production of Kharif pulses could be 82.3 lakh tonnes in 2019 as compared to 92.2 lakh tonnes in 2018.

President of the All-India Dal Mill Association, Suresh Agarwal told IANS that the government agency National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) has a full stock of red gram and Bengal gram and also the new crops of red gram will arrive in November-December.

Madhya Pradesh has received non-stop rain for 40 days which has damaged the fields and the crop. It also affected the crop of green gram and black gram by 25-30 per cent. If the rain continues in the state then black gram and green gram might suffer further losses and their prices might increase by 5-10 per cent.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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News Network
January 6,2020

Hyderabad, Jan 6: AIMIM president Asaduddin Owaisi on Monday expressed solidarity with students of Jawaharlal Nehru University in Delhi, following violence in the campus and said the "cruel attack" was meant to "punish"the students as they "dared to stand up".

"In solidarity with the brave students of JNU. This cruel attack is meant to 'punish' JNU students because they dared to stand up. It's so bad that even Union Ministers are tweeting helplessly. Modi Sarkar must answer why cops aresiding with goons," the Hyderabad MP tweeted.

The AIMIM has also tweeted expressing solidarity with the "students of JNU". "AIMIM stands in solidarity with the students of Jawaharlal Nehru University. Who feels threatened by the voice of students?," the party said in a tweet.

Violence broke out at the JNU on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus, prompting the administration to call in police which conducted a flag march.

At least 28 people, including JNU Students' Union president Aishe Ghosh, were injured as chaos reigned on the campus for nearly two hours.

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News Network
June 30,2020

Mumbai, Jun 30: Senior Congress leader and former Union minister Prithviraj Chavan on Tuesday demanded a ban on NaMo app alleging that it was violating privacy of Indians.

The former Maharashtra chief minister also alleged that the NaMo app, the official mobile phone application of Prime Minister Narendra Modi, surreptitiously changes the privacy settings and sends data to third party companies in the US.

"Its good that Modi government is protecting privacy of 130 crore Indians by banning 59 Chinese apps. The NaMo app also violates privacy of Indians by accessing 22 data points, surreptitiously changing the privacy settings and sending data to third party companies in the US," Chavan tweeted.

India on Monday banned 59 apps with Chinese links, including hugely popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country.

The move came against the backdrop of the border stand-off with China and recent clash in Galwan Valley in which 20 Indian soldiers were killed.

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