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Prices of pulses substantially stabilised due to pre-emptive measures: Centre

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The retail prices of pulses have substantially stabilised in the past five months and till date, the prices of gram, tur, urad and moong have either declined or remained stable in comparison to 2020, the government claimed on Thursday.

The Consumer Price Index inflation for pulses has also seen a consistent decline during the last five months, from 10.01 per cent in June to 5.42 per cent in October.

The pulses inflation rate was as high as 18.34 per cent in October 2020. Similarly, the Wholesale Price Index inflation for pulses has declined from 11.56 per cent in June to 5.36 per cent in October.

“Stability in the retail prices of pulses has been achieved on account of pre-emptive and proactive measures taken by the government such as taking import of tur, urad and moong from ‘restricted to free category’ with effect from May 15, in order to ensure smooth and seamless imports,” the Union Ministry of Consumer Affairs, Food and Public Distribution said in a release.

The free regime with respect to tur and urad has been extended; the last date for the bill of lading is December 31, and for customs clearance, it is January 31, 2022.

This policy measure has been supported with facilitation measures and close monitoring of its implementation by the concerned departments or organisations. The import policy measures have resulted in substantial increase in the import of tur, urad and moong as compared to the corresponding period for the past two years.

As per government data, the April to November import for tur was 3,37,360 metric tonne (MT) in 2019-20; 1,71,125 MT in 2020-21 and 4,27,796 MT in 2021-22.

Similarly, the data for April to November import of urad was 1,92,166 MT in 2019-20; 2,25,548 MT in 2020-21 and 3,56,178 MT in 2021-22. For moong, the same was 67,541 MT, 22,051 MT and 1,36,007 MT, respectively, for the same three years.

The data further showed that masur imports between April and November were 6,88,817 MT in 2019-20; 8,33,315 MT in 2020-21 and 4,59,839 MT in 2021-22, while chana imports were 2,45,651 MT, 1,35,874 MT and 1,31,327 MT for the same three years, respectively.

In order to control price escalation on account of hoarding and resultant artificial scarcity of pulses, the government imposed a stock limit on all pulses except moong under the Essential Commodities Act, 1955, on July 2, 2021.

“The stock limit order has had a salutary effect in terms of softening of prices, as such no further extension beyond October 31 was required. However, as a measure of caution, monitoring of stocks through web portal continues,” the release added.

Among the major pulses, India’s import dependence on masur is high and domestic availability and prices are vulnerable to overseas production. In order to soften the impact of higher international prices on domestic consumers, the government reduced the basic import duty on masur to zero and Agriculture Infrastructure and Development Cess (AIDC) to 10 per cent from July 27, 2021.

As a measure of market intervention, masur from the buffer stock has been made available to the states/Union Territories at a discounted price for supplies through retail outlets, in order to ensure availability to the consumers at an affordable price. This step has been further augmented with the release of masur stocks in the open market to soften the prices.

Now the protocol for fumigation of pulses at port of arrival has also been streamlined, with penalty charges waived till March 31, 2022. This would have a further positive impact on cooling retail prices of masur.

Business

Navi Mumbai: CIDCO’s 9.6-Km Kharghar Coastal Road Work To Begin In 2026, Promises Faster NMIA Connectivity By 2029

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Navi Mumbai: Construction of the much-anticipated Kharghar Coastal Road — a key link that will enhance connectivity to the upcoming Navi Mumbai International Airport (NMIA) — is expected to commence in early 2026, following the receipt of mandatory forest clearances.

Planned by the City and Industrial Development Corporation (CIDCO), the 9.678-kilometre-long and 30-metre-wide arterial road will connect the airport to major nodes such as Belapur and Nerul, significantly improving regional mobility and supporting economic growth across Navi Mumbai.

The project will also provide direct high-speed access to the International Corporate Park (ICP) being developed on the lines of Bandra Kurla Complex (BKC), the Golf Course, and the FIFA-standard Centre of Excellence (COE) at Kharghar.

A grade-separated interchange over the Sion-Panvel Expressway is part of the plan to ensure smooth traffic flow and reduce congestion between the airport and nearby business and recreational hubs.

Of the total road length, 6.96 kilometres will be newly developed, while the remaining portion will integrate with the existing network. The corridor will also cater to the anticipated transport demand from upcoming projects such as the Water Transport Terminal and Pradhan Mantri Awas Yojana (PMAY) housing schemes in the area.

CIDCO has awarded the construction contract to the J Kumar–J M Mhatre Joint Venture. Officials said the project will not only boost airport connectivity but also strengthen Kharghar’s position as a major residential and commercial hub, linking it seamlessly to Taloja and Navde.

“Known for its well-planned infrastructure, green cover, and educational institutions, Kharghar is poised to witness a new phase of growth once the coastal road becomes operational. Kharghar coastal road is estimated to be ready by 2029 if everything goes as per plan,” an official from CIDCO said.

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Business

Telecom operators embrace AI to bolster revenues, drive efficiency globally

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New Delhi, Nov 8: Leading telecoms globally are deploying artificial intelligence (AI) across network operations, customer service, and fraud prevention to drive efficiency and reduce costs, according to a new report.

These initiatives are already contributing to EBITDA margin gains, with predictive maintenance and automated support systems leading the way, according to an IDC report.

AI also enables personalised offerings and dynamic pricing, boosting average revenue per user (ARPU) and reducing churn.

Fraud detection systems enhanced by AI are helping reduce losses, reinforcing customer trust and regulatory compliance. With AI accelerating time-to-market for new services, telecoms can better monetize emerging technologies like 5G and edge computing.

“In the longer term, as AI continues to evolve, it will be increasingly recognized not as a mere technological enhancement, but as a strategic enabler poised to drive sustainable growth for telecommunications operators,” said the report.

Meanwhile, worldwide spending on telecommunication and pay TV services is projected to reach $1,532 billion in 2025, representing an increase of +1.7 per cent year-on-year, according to the IDC report.

The latest forecast is slightly more optimistic compared to the forecast published earlier this year, as it assumes a 0.1 percentage point higher growth of the total market value.

The regional dynamics remain mixed, with inflationary effects, competition, and Average Revenue per User (ARPU) trends playing a central role in shaping market trajectories, said Kresimir Alic, research director, Worldwide Telecom Services at IDC.

The breakdown by telecom service type confirms that established trends remain intact, despite adjustments to overall market forecasts.

Mobile continues to dominate, driven by rising data consumption and the expansion of M2M applications, which are offsetting declines in traditional voice and messaging revenues.

Fixed data services are also expected to grow steadily, fuelled by increasing demand for high-bandwidth connectivity.

The global connectivity services market is projected to grow at a compound annual rate of 1.5 per cent over the next five years, maintaining a cautiously optimistic outlook.

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Govt plans AI-based eKYC, global credential verification in DigiLocker

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New Delhi, Nov 8: The Ministry of Electronics and IT on Saturday announced plans for AI-based eKYC and global credential verification in the DigiLocker platform.

The platform has evolved from a secure document storage service into a trust layer that connects citizens with ministries and departments, according to an official statement.

National e-Governance Division (NeGD), Ministry of Electronics and IT organised the National Conference on DigiLocker to discuss and showcase how DigiLocker evolves into a cornerstone of trust, convenience, and efficiency across government, education, and industry sectors.

The conference underscored the transformative role of DigiLocker in facilitating paperless governance, inclusive education, and secure digital services.

“DigiLocker serves as the trust layer connecting citizens, ministries, and departments—enabling secure, interoperable, and accountable digital governance. Our vision is a future where every digital interaction is trusted, every citizen empowered, and every institution accountable” said S. Krishnan, Secretary of MeitY, who chaired the conference.

Krishnan said that the platform advances India’s digital journey from connectivity to capability, service delivery to self-reliance and now from digitalisation towards trust.

Abhishek Singh, Additional Secretary of the Ministry of Electronics and IT, outlined the future of DigiLocker with AI-based eKYC and global credential verification, positioning it as a global model for paperless governance.

Presentations were made on integration of Digi Locker with Pension and Treasury systems in Maharashtra and with over 500 services through Sewa Setu Portal in Assam, the statement noted.

Seven states, including Assam, Himachal Pradesh, Madhya Pradesh, Meghalaya, Kerala, Maharashtra, and Mizoram, have been recognised as “DigiLocker Accelerators” for their distinct achievements.

DigiLocker allows citizens to access, verify, and share IDs, financial credentials and certificates securely.

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