PRAN Group, a Bangladeshi food processing and manufacturing firm, will set up agro and food processing plants in Tripura, Orissa and Tamil Nadu, a company official said here Tuesday.
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India’s food inflation slowed to a 13-month low as the country received more rainfall than forecast by the weather office, aiding sowing of lentils and rice.
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The Reserve Bank of India (RBI) has taken adequate measures to manage inflation and expects food inflation to ease on good monsoon, a deputy governor at RBI said on Friday.
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India’s food inflation rate slipped slightly in the week to July 24 as vegetable and fruit prices eased, cooling expectations of aggressive monetary tightening by the central bank.
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India has allowed the export of 300,000 tonnes of non-basmati rice and 200,000 tonnes of wheat to Bangladesh, a government statement said on Friday, as good rainfall and higher planting have boosted crop prospects.
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In his inaugural address at extended Central Committee meet here, Karat said: “The Manmohan Singh government has remained indifferent towards Left’s demand for food security for the poor.”
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The Government of India is keen on piloting the Food Security Bill as early as possible after concluding the ongoing discussions with various state Governments and NGOs, Union Minister of State for Agriculture K. V. Thomas said on Friday.
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India can play a significant role in global organic food trade, Agriculture Minister Sharad Pawar said here Wednesday.
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Fuel inflation accelerated sharply, negating a moderation in food prices and keeping pressure on the RBI to raise rates further when it reviews the monetary policy on July 27.
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The Tamil Nadu Food grains Merchants Association has come out strongly against any move to open up the retail sector for foreign direct investment (FDI) and multinational corporations.
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