India Bans Rice Shipments to Curb Price Rises

The Indian government has taken a decisive step to curb the soaring food prices caused by crop damages due to adverse weather conditions. In an effort to ensure an adequate supply of rice for domestic consumers, the Directorate General of Foreign Trade (DGFT) has issued a notification prohibiting the export of non-basmati rice with immediate effect. This ban is set to be in place for one year. Basmati rice, a long-grain variety of rice grown in India and Pakistan, is not affected by the ban.

Tata Invest in the UK to Set Up EV Battery Plant

The Tata Group, a prominent player in the automotive industry, has revealed its ambitious plan to invest Rs 42,300 crore (£4 billion) in the UK. The focus of this substantial investment is to establish a cutting-edge electric vehicle (EV) battery plant in the West Midlands region of England. This strategic move is set to revolutionize the EV sector in the UK and create an estimated 4,000 employment opportunities.


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