Most rate panel members wary of volatile food prices
Friday, 22 December 2023 The minutes of the RBI's monetary policy committee meeting reveal that members were apprehensive about food inflation. RBI governor Shaktikanta Das expressed concern about the uncertainty in food prices and its impact on overall inflation. Jayanth R Varma, the most dovish member, suggested calibrating the policy rate based on projected inflation. Deputy governor Michael Patra emphasized the vulnerability of inflation to food spikes and the need for pre-emptive action. Rajiv Ranjan highlighted concerns about elevated food inflation and its impact on the inflation outlook.
Toxicologists Expose , Risks of Heavy Metals , Found in Common Foods.
Scientists have warned that arsenic and other heavy
metals found in food have consistently been linked with
increased cancer..
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