Suman Bery, an experienced policy economist and research administrator, takes over as NITI Aayog’s Vice Chairman

NITI Aayog:

NITI Aayog welcomes Shri Suman Bery as NITI Aayog’s Vice Chairman with effect from May 1 2022.

An experienced policy economist and research administrator, Mr Bery will take over from Dr Rajiv Kumar as the head of the premier think tank of the Government of India.

“Rajiv Kumar leaves me a dynamic organization with lots of fresh, young talent and strong links with stakeholders inside and outside the government,” observed Mr Bery.

“I am deeply honoured to have been entrusted with its charge at a time of great global uncertainty. NITI’s challenge is to develop a vision of the way ahead based on deep analysis and wide debate, and to work with India’s states, which is where economic development ultimately happens. India’s economic and social choices are of significance to the entire world,” he added.

Mr Bery has previously served as Director General (Chief Executive) of the National Council of Applied Economic Research (NCAER) and the global Chief Economist of Royal Dutch Shell. He was also a member of the Prime Minister’s Economic Advisory Council, Statistical Commission and the Reserve Bank of India’s Technical Advisory Committee on Monetary Policy.

Prior to NCAER, Mr Bery was with the World Bank in Washington DC and his areas included macroeconomy, financial markets and public debt management with a focus on Latin America.

His recent affiliations include Senior Visiting Fellow at the Centre for Policy Research, New Delhi; non-resident fellow at Bruegel, Brussels; and Global Fellow at the Woodrow Wilson Center, Washington DC.  He has also served on the Board of the Shakti Sustainable Energy Foundation, New Delhi.

India’s Edible Oil Position is Comfortable despite Ban by Indonesia

Ministry of Consumer Affairs, Food & Public Distribution:

India has optimum stock of all Edible Oils.

As per the industry sources, the present stock of all edible oils in the country is 21 LMT approx. and 12 LMT approx. is in transit arriving in May, 2022.

Therefore, the country has sufficient to cover the lean period due to ban on export by Indonesia.

On the oilseeds front, DA&FW’s second advance estimate released in February, 2022 shows a very positive picture of Soyabean production for the year 20221-22 at 126.10 LMT which is higher than last year’s production of 112 LMT.

As a result of higher sowing of Mustard seeds by 37% in all major producing States including Rajasthan in comparison with last year, the production may rise to 114 LMT in 2021-22 season.

The Department of Food and Public Distribution is monitoring the price and availability situation and meetings are held regularly with major Edible Oil processing Associations to discuss further reduction in the domestic edible oil prices and MRP to give relief to consumers. 

Palm oil (Crude + Refined) constitutes roughly around 62% of the total edible oils imported and are imported mainly from Indonesia and Malaysia, while Soyabean oil (22%) is imported from Argentina and Brazil and Sunflower oil (15%) is imported mainly from Ukraine and Russia.

International prices of Edible Oils are under pressure due to shortfall in global production and increase in export tax/levies by the exporting countries.  India is one of the largest producers of oilseeds in the world and this sector occupies an important position in the agricultural economy, accounting for the estimated production of 37.14 million tons of nine cultivated oilseeds during the year 2021-22 as per the 2nd Advance Estimates released by the Department of Agriculture and Farmers Welfare.

A close watch is being kept on day to day basis on prices of Edible oils so that appropriate measures can be taken to keep a check on the prices of edible oil for ensuring that the prices remain stable and interest of consumers are protected.

The Inter-Ministerial Committee held weekly on Agri-Commodities chaired by Secretary (Food) closely monitors the prices and availability of agricultural commodities including edible oil keeping in view the interest of the farmers, industry and consumers. The committee reviews price situation on weekly basis, consider relevant measures in relation to edible oils and other food items depending on the domestic production, demand, domestic  and international prices and international trade volumes.

Special teams have also been constituted by both Central & State Governments to prevent hoarding and profiteering under the Essential Commodities Act. These surprise checks shall continue to check unscrupulous elements.

Akali Dal strongly condemns defamatory utterances of some mischievous goons in Patiala against Panth Ratan Jathedar Gurcharan Singh Ji: Sukhbir Singh Badal

Sukhbir Singh Badal – President, Akali Dal:

  • Akali Dal strongly condemns defamatory utterances of some mischievous goons in Patiala against Panth Ratan Jathedar Gurcharan Singh Ji Tohra.

  • Jathedar Sahib was & is a symbol of brotherhood & he actively implemented SAD’s vision of peace & communal harmony as enshrined in Gurbani.

  • I strongly urge PunjabGovt to act firmly against the culprit & his accomplices and stop them from trying to spread communal poison among secular and brotherly communities.

  • Akali Dal will continue to work devotedly for peace & communal harmony in Punjab & elsewhere.

A delegation of NCP leaders presented me with a sweet gift of… : Bhagwant Mann

Bhagwant Mann – CM, Punjab:

  • Today on the occasion of Maharashtra Day, a delegation of NCP leaders presented me with a sweet gift of fruits grown by the farmers of Maharashtra.

  • I thank Sharad Pawar sahab and Supriya Sule ji for this gesture and also wish them a very happy Maharashtra Day.

In the coming days, I will be visiting Germany, Denmark and France for important bilateral and multilateral engagements: PM Narendra Modi

PM Narendra Modi:

  • In the coming days, I will be visiting Germany, Denmark and France for important bilateral and multilateral engagements.

  • The first leg of the visit will be in Germany, where I will meet Chancellor Olaf Scholz and co-chair the 6th India-Germany Inter-Governmental Consultations.

  • In Denmark, I shall hold talks with PM Frederiksen. I also look forward to the 2nd India-Nordic Summit in Copenhagen. This will also give me an opportunity to meet leaders of Nordic countries on the sidelines of the Summit.

  • In Paris I will be meeting my friend, President Emmanuel Macron, who has just been re-elected. During our talks we will take stock of various bilateral and global issues.

  • In Germany and Denmark, I would be meeting business leaders to discuss ways to boost trade and commerce between our nations. I’m also glad to be meeting the Indian community in these nations.

Sri Sri at Sunrise

Worry is either about acquiring what is out of reach or holding on to what is already acquired. When you know that it is the Divine who brings you what is out of reach & protects what you have, you are free from worry :
Sri Sri

Pic Credit : Sri Sri