Daily current affairs 26th August

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Date

August 26, 2021

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# Sugarcane price

 

 

  • The union government has increased the minimum price that sugar mills must pay to sugarcane farmers by 5 rupees a quintal.
  • Sugarcane fair and remunerative price (FRP) at 290 rupees  a quintal for the 2021-22 sugar season, which runs from october to september.
  • Despite demands from sugar mills, however, the centre refused to hike the minimum price at which they can sell the processed sugar, citing consumer interests.

 

 

 

 

# Afghan refugees

 

 

  • India decided on wednesday to invalidate or cancel all visas issued to afghan nationals.
  • It includes about 2000 visas issued in last few months.
  • Afghan nationals wishing to travel to India may apply for e-visas now.

 

 

 

# FDI proposal

 

 

  • The cabinet committee on economic affairs (CCEA) on wednesday cleared a foreign direct investment (FDI) proposal entailing an investment of upto 15000 crore rupees.
  • The government said the investment would prove to be a “significant boost to the recently announced national monetisation plan (NMP)”.

 

 

 

# Inflation

 

 

  • Inflation will remain within the range of 4% and 6%, said revenue secretary on wednesday.
  • He also said that once the new crops come out, the inflation will dip further.

 

 

 

# Walmart

 

 

  • The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally.
  • Walmart also said that the retail sector is poised to grow to over a trillion dollars by 2025.

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