News Analysis | Behind the Headlines | July 21 2023

News Analysis | Behind the Headlines | July 21 2023

On July 21, 2023, three earthquakes hit Jaipur, Rajasthan, India, within a span of half an hour.

The first earthquake, measuring 4.4 on the Richter scale, occurred at 4:09 am. The second earthquake, measuring 3.1 on the Richter scale, occurred at 4:22 am. The third earthquake, measuring 3.4 on the Richter scale, occurred at 4:25 am.

The earthquakes were felt in several parts of Jaipur, including the city center, the Hawa Mahal, and the Amber Fort. There were no reports of injuries or damage to property.

Jaipur is located in the seismically active zone of India. The Indian plate is moving northwards and colliding with the Eurasian plate. This movement causes earthquakes in the region.

The earthquakes on July 21 were relatively mild and did not cause any damage. However, they served as a reminder that Jaipur is located in a seismically active region and that residents should be prepared for earthquakes.

Here are some tips for earthquake preparedness:

  • Have an earthquake plan in place. This plan should include a meeting place for your family, a list of emergency contacts, and a plan for what to do in the event of an earthquake.
  • Make sure your home is earthquake-safe. This includes reinforcing your foundation, anchoring your furniture, and storing heavy objects in lower shelves.
  • Keep a survival kit in your home. This kit should include food, water, first-aid supplies, and other essentials.
  • Be aware of the earthquake warning signs. These signs can include ground shaking, loud noises, and changes in the water or air.
  • If you are caught in an earthquake, stay calm and take cover under a sturdy table or desk. If you are outdoors, move to an open area away from buildings and trees.

India bans rice exports to control food inflation

India, the world's largest exporter of rice, has banned exports of non-basmati rice with immediate effect. The government said the decision was taken to control rising food inflation in the country.

Retail prices of rice have been rising in India in recent months, driven by factors such as a late start to the monsoon season and a decline in domestic production. The ban on rice exports is expected to help to cool prices in the domestic market.

The government has said that it will allow exports of rice to meet "genuine" food security needs of other countries. However, it is unclear how this will be defined.

The ban on rice exports has been met with mixed reactions from the industry and from economists. Some have welcomed the move, saying that it is necessary to control food inflation. Others have criticized the move, saying that it will hurt farmers and exporters.

The ban on rice exports is the latest in a series of measures that the Indian government has taken to control food inflation. In May, the government imposed a ban on wheat exports. It has also raised import duties on edible oils and pulses.

The government is facing a difficult balancing act. It wants to control food inflation, but it also does not want to hurt farmers or exporters. The ban on rice exports is a sign that the government is willing to take tough measures to control food inflation. However, it remains to be seen whether the ban will be effective in achieving the government's goals.

Here are some of the potential impact of India's decision to stop rice export:

  • Higher rice prices in India. The ban on rice exports will likely lead to higher rice prices in India. This is because the government will be unable to meet the demand for rice from domestic consumers with its own production.
  • Lower rice prices in global markets. The ban on rice exports will likely lead to lower rice prices in global markets. This is because India is a major exporter of rice, and its decision to stop exports will reduce the supply of rice in the global market.
  • Increased demand for other grains. The ban on rice exports will likely lead to increased demand for other grains, such as wheat, maize, and sorghum. This is because consumers who cannot afford rice will switch to other grains.
  • Increased food inflation. The ban on rice exports could lead to increased food inflation in India and other countries that rely on imports of rice. This is because the higher rice prices will likely lead to higher prices for other food items.

The impact of India's decision to stop rice export will depend on a number of factors, such as the duration of the ban, the supply and demand for rice in the global market, and the reaction of other countries. However, it is clear that the ban will have a significant impact on the global rice market and on food prices in India and other countries.

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