India to free up extra 10 million tonne wheat in open market
NEW DELHI (Reuters) - India will free up another 10 million tonnes of wheat in the open market, Food Minister Ram Vilas Paswan said on Thursday after a cabinet meeting, as part of efforts to keep a lid on food prices.
The government buys rice and wheat from local farmers to build reserves and to sell subsidised food to the poor.
India's retail food inflation eased to 7.97 percent in June from 9.56 percent in May after the government took steps to check hoardings and curb exports of onions and potatoes.
(Reporting by Nigam Prusty; writing by Mayank Bhardwaj; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- IPhone emerges from "bygone era", reviewers hail bigger handset
- Alibaba in talks with Snapdeal to enter India - Economic Times
- After Obama speech, Islamic State wins new recruits in Syria - monitor
- Amazon expands Kindle lineup, boosts price of basic e-reader
- Fed renews zero rate pledge, but hints at steeper rate hike path
The United States said on Wednesday it will press Prime Minister Narendra Modi to end his blockage of a global trade pact when he visits Washington this month, something that could dampen the mood of a trip aimed at revitalizing strategic ties. Full Article
China cenbank injects $81 bln into major banks to support economy - reports Full Article