Addressing the members of the House, Singh said agriculture is a state subject but the Centre ignored it. "I find it very strange what the government of India wants to do," he said.
The department for promotion of industry and internal trade (DPIIT) has set up a control room to monitor in real-time the status of transportation and delivery of essential commodities amid the coronavirus lockdown in the country. It will also monitor the difficulties being faced by various stakeholders during the lockdown period from March 25 to April 14.
Union minister Narendra Singh Tomar on Sunday reiterated that the Centre was ready to talk to the farmers protesting against the new agriculture laws, and said that mere gathering of crowd does not lead to revocation of legislations.
India is much better placed today to deal with future waves of the pandemic relative to the first wave, RBI deputy governor Michael Patra said.
The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook global financial markets in early 2022. And now the ongoing war between Russia and Ukraine has lifted commodity prices, with Brent crude oil hitting a 14-year high of $139 a barrel in intraday trade. All these developments have sent the equity markets across the world into a tailspin.
Trading in other derivative products in currency, commodities expected to begin soon.
'Today, there is no easy money to be made after the run-up in equities.'
Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.
Developed countries are relaxing restrictions on economic activity at a faster rate than expected. Global demand for consumer goods, intermediates and commodities is growing at a fast pace. Most exporters are flushed with orders, says T N C Rajagopalan.
Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
Farmer leader Balbir Singh Rajewal appealed to people to raise black flags at their houses, vehicles and shops on May 26 to protest against the contentious farm legislations.
Since 2013-14, buffalo meat had been the largest export item in the agri commodity basket for a few years. Since the coronavirus outbreak in January, Indian exporters have received no fresh orders from Southeast Asian and West Asian countries, which cumulatively contribute nearly 65 per cent of India's overall buffalo meat shipment.
A large number of women from various states reached the sites of protest against the Centre's three farm laws that has been going on for over 50 days now.
Many non-NDA parties have extended support to the nationwide 10-hour strike on Monday called by farmers protesting against the three agri laws under the aegis of Sanyukt Kisan Morcha (SKM).
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Nilesh Veera, director of APMC said, complained that availability of workers is a big problem. They have asked the government to provide enough sanitizers, masks, etc, for worker safety, to call them back. There has been no reply.
Tikait also said if the government continues to dismantle the resources, one day India will be known as 'Mazdoor colony' and only labour class (will be left) in the country.
The SAD has been requesting the Centre not to introduce the three agriculture-related bills for the approval of Parliament until all reservations expressed by farmers' organisations, farmers and farm labourers are addressed, Badal said.
India and France expressed "serious concern" at the ongoing conflict and humanitarian crisis in Ukraine.
As far as possible, investment in the agriculture sector must be from the government, and not the private sector, states Santushti Raj Thapar.
The government's agenda also includes the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
Sixty-eight people have died due to varied reasons while protesting against the Centre's farm laws at the state borders with Delhi, Haryana Home Minister Anil Vij told the Assembly in Chandigarh on Monday.
Gold prices may trade higher in the coming days because of weaker dollar and speculations of US Fed rate cut.
'The SJM has requested the government to bring a change in the law which will ensure MSP as the floor price for all farmers below which nobody should buy anything from them.'
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
On a day when several mandis across the country are closed in protest against the recent Centre's decision to impose stringent stock-holding limit on pulses, the government clarified that limits have been defined as retail prices are still higher than last year though there is some moderation in the last few weeks. It said the same logic also holds true for edible oils, the import duties on which was slashed few days back and curbs lifted on import of refined oils. The decision on edible oil and pulses have caused massive resentment among the trading community as it came just ahead of the kharif sowing season, when prices were off their peaks due to multiple steps announced previously. Sources said trading activity in some of the major mandis dealing in pulses such as Sholapur, Amravati and Latur in Maharashtra, Indore and Dewas in Madhya Pradesh along with Kanpur in Uttar Pradesh was impacted as traders went on a flash strike in protest against the decision to impose stock limits.
On October 25, the government issued an ordinance on the denotification. Earlier, in July 2016, it had denotified fruits and vegetables, thereby allowing farmers to sell these to buyers within or outside APMC yards, as they chose
Prime Minister Narendra Modi on Friday squarely blamed those with political agenda for the deadlock in the Centre's talks with protesting farmers.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
Amid the ongoing protest against the new farm laws, Bharatiya Kisan Union (BKU) leader Rakesh Tikait on Sunday asked the farmers to keep their tractors ready stating that they may have to reach the national capital anytime.
The initial public offering (IPO) market has come to a grinding halt due to sharp correction in the broader markets and uncertain outlook created by the Russia-Ukraine offensive. So far this year, only three companies have managed to launch their maiden share sales. In comparison, close to 10 companies were able to come out with their IPOs during the same period last year. Investment bankers say it will be challenging to launch a single deal in March as large institutional investors have turned extremely risk-averse and don't wish to commit any capital.
Despite the low prices, commodities are risky investments
India's Permanent Representative to the UN Ambassador T S Tirumurti said India remains on the side of peace.
Labh Singh, who runs a salon in Kurukshetra, has put up a stall a Singhu border and is providing free service to the protesting farmers. He has come with five workers.
The 'ghar wapsi' was marked with celebratory atmosphere at Ghazipur border, where protestors, chiefly members and supporters of the Tikait family-led Bharatiya Kisan Union (BKU), danced to patriotic and regional tunes hailing the farming community.
After over a year, the Singhu border, which was the epicentre of the farmers' agitation, now bears a deserted look with the last batch of demonstrators leaving for their home states on Monday.
'I was posted in different states of the country. We are also the son of a farmer. I come here as a farmer'
The farmers lifted blockades on highways at Singhu, Tikri and Ghazipur borders and took out a 'Victory March' to celebrate the repeal of three contentious farm laws and the Centre's written assurance to fulfil their other demands, including constituting a committee for legal guarantee on minimum support price (MSP) for crops.
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