ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Wheat price won't be affected, vegetable needs to be watched out: RBI Governor on heatwave predictions

Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.

ANI Apr 05, 2024 13:21 IST googleads

RBI Governor Shaktikanta Das (Photo: RBI YouTube)

Mumbai (Maharashtra) [India], April 5 (ANI): Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
This comes amid Indian Meteorological Department (IMD) prediction of above-normal temperature and heatwave in the months of April to June.
Addressing the post monetary policy press conference, RBI Governor said, "There is a statement coming from the IMD...there will be high temperatures, it will be going to be above normal in the months of April, May, and June. So, we have to watch out for what impact it has on food crops."
The RBI Governor said that since wheat harvesting is almost over in the country, any heatwave condition won't impact wheat prices, but the prices of vegetable has to be watched out in wake of the temperatures.
"As far as wheat crop is concerned, our information is by and large the harvesting is over. In central parts of India, it is fully over, except a few parts, in other parts also, the harvest is by and large over. Wheat availability won't be affected as much as it was two years ago when there was heatwave conditions," Das further said.
"So wheat is not much concern. But, vegetable prices have to be watched and any other impact that the heatwave may produce," he added.
IMD has predicted that most parts of the country are likely to witness above normal maximum temperatures during April to June. 10-20 days of heat waves are also expected in different parts of the country.
Earlier on Wednesday, Union Health Minister Mansukh Mandaviya chaired a meeting to review public health preparedness for management of heat related illness and advised States to health facility preparedness in terms of essential medicines, intravenous fluids, Ice-packs, ORS, drinking water as well as IEC activity for public.
It was also informed the States to mention do's and don'ts during the summer months to be followed by the general population as well as the vulnerable people. (ANI)

Get the App

What to Read Next

Business

West Asia conflict continues to weigh down India's stock indices

West Asia conflict continues to weigh down India's stock indices

Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

Read More
Business

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Read More
Business

Memory chip shortage driven by rising AI demand

Memory chip shortage driven by rising AI demand

The global shortage of memory chips is largely being driven by the rapid rise in artificial intelligence (AI) workloads, which has significantly increased demand for advanced memory solutions, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Read More
Business

Nifty down 250 pts, Sensex lost 800 pts in opening as crude surge

Nifty down 250 pts, Sensex lost 800 pts in opening as crude surge

Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

Read More
Business

Taiwan: Price stabilization measures launched as oil prices surge

Taiwan: Price stabilization measures launched as oil prices surge

Taiwan will not sharply increase its gasoline and natural gas prices despite surging global oil prices triggered by the ongoing Middle East conflict that began with American and Israeli attacks on Iran, Focus Taiwan reported, citing officials.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.