Food, job insecurity now primary concerns in Afghanistan: UN

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Geneva, Sep 11 | Food and job insecurity are now the primary causes of concern for families in Afghanistan, Anthea Webb, deputy regional director for the World Food Program (WFP), told a UN press briefing.

With winter setting in and the economy on the verge of collapsing, their worries are also growing, she said via a conference call on Friday.

Quoting from the latest survey of the WFP, she said that 93 per cent of households in Afghanistan have no sufficient access to food now, reports xinhua news agency.

The randomised phone survey, carried out from August 21 to September 5 in all provinces in the country, revealed that three in four Afghan families have been reducing portions or borrowing food.

“They are buying cheaper food, foregoing more nutritious options such as meat, dairy products and vegetables. Parents are skipping meals entirely to allow their children to eat,” Webb said.

She added that food insecurity in Afghanistan had already been widespread before August 15, with 81 per cent of households reporting insufficient food consumption, with one in three Afghans signalling acute food insecurity.

“It is now a race against time to deliver lifesaving assistance to the Afghan people before roads are cut off by snow,” the UN official said.

She told reporters that the main reason the situation had gotten so much worse over the past month was that many Afghans did not have access to the money they needed to buy enough food.

Afghanistan has also witnessed drought this year, which led to a 40 per cent decline in domestic food production.

It has caused food prices to skyrocket.

Wheat prices have gone up by 25 per cent while many essential ration items have to be imported and purchased at higher rates.

Presently in Afghanistan, half of the population, 18 million people, need humanitarian assistance to survive.

A third do not know where their next meal is coming from. More than half of all children under 5 are at risk of acute malnutrition.

UN Secretary-General Antonio Guterres has announced that he will travel to Geneva on September 13 to convene a high-level humanitarian meeting to address the growing needs in Afghanistan.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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