The Supreme Court on Tuesday ordered a stay of the implementation of the contentious three new farm laws hoping this will end the prolonged protests by the farmers and also constituted a four-member panel of agri experts to resolve the impasse between their leaders and the Centre.
Private lender Tamilnad Mercantile Bank's (TMB) is planning an Initial Public Offering ( IPO) of about Rs 1,000 crore by November-December 2021. The IPO will involve combination of fresh capital plus sale of existing shares. The shareholders of the unlisted South-based private bank have already given nod for IPO.
This is following revival of demand from the corporate sector and small and medium enterprises (SMEs), even as a nascent economic recovery is taking shape. Credit growth of scheduled commercial banks had accelerated to 9.2 per cent year-on-year (YoY) by the end of December 2021 after breaching the 7 per cent-mark in November, for the first time since April 2020.
'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
"The question of entering into Delhi is a law and order matter and will be determined by the police," the bench said.
Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.
The ministry of petroleum and natural gas has granted seven authorisations to companies for selling automobile (auto) fuels in the country. These new approvals are under the relaxed guidelines for authorisation to market transportation fuels that were revised in 2019. This is expected to make the competition more intense in India's petroleum retail business. According to a top oil ministry official, a fresh marketing authorisation has been granted to Reliance Industries (RIL) under these norms. This is being done since RIL's existing retail marketing authorisation has been transferred to its subsidiary Reliance BP Mobility
The massive flood in the Dhauli Ganga river triggered by a glacial burst in Uttarakhand's Chamoli district on Sunday came as a grim reminder of the Kedarnath deluge of 2013 which led to widespread devastation in the ecologically fragile Himalayan region.
The 2020 Nobel Peace Prize has been awarded to the United Nations World Food Programme for its efforts to combat hunger. The Norwegian Nobel Committee said the WFP had acted "as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict". Here's what you need to know about the Rome-based organisation:
Amid a surge in coronavirus cases, Uttar Pradesh Chief Minister Yogi Adityanath on Friday replaced his 'Team-11', a group of officials tasked with managing the crises, with a new nine-member set of ministers and bureaucrats.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
'If you are mature and haven't done terrible things to each other, love doesn't have to go away.'
The southwest monsoon over the country is likely to be normal in July, the India Meteorological Department (IMD) said on Thursday in its forecast for the month.
Taking a tour of the Agriculture and Food Security Expo at St Xavier's College in Mumbai on Sunday, Obama had displayed a keen interest in the products on display and asked entrepreneurs to take their 'remarkable' work around the world.
The sample size of 8,100 farmers across 19 states has not changed in the last three decades, and the methodology of the sample survey too remains unchanged
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Amul plans to bring camel milk to the breakfast table
At the benchmark Lasalgaon Agricultural Produce Market Committee (APMC) mandi, the model onion price shot up to Rs 21.50 a kg on Thursday, as against Rs 16.50 a kg on Wednesday. This was the highest since February 11.
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
Indian Space Research Organisation's second mission of the year to place an earth observation satellite by a GSLV rocket faced a setback as the mission could not be accomplished fully due to performance anomaly in the cryogenic stage of the rocket, the space agency said on Thursday.
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
Uncertainty is emerging as the only certainty, said RBI Governor Shaktikanta Das as he emphasised on continued policy support at the December MPC meet during which members expressed concerns over spread of the Omicron variant of coronavirus, as per the minutes of the rate-setting panel released on Wednesday. After three days of deliberations, the six members of the Monetary Policy Committee (MPC) on December 8 unanimously voted for status quo on policy rates for the ninth consecutive time. At the meeting, the RBI Governor said risks stalking the global economy have amplified with rapid spread of the virus mutations, including the Omicron variant, leading to countries scrambling for restrictions.
The news will augur well for the country as large parts have been witnessing agriculture distress and water levels in reservoirs in west and south India have dipped to low levels.
'It is the most prone month for the development of cyclones in the pre-monsoon period.'
The Taliban have been known for using violence to force the people to accept their agenda and views, he added.
'The male members of the victim family will be questioned today in Hathras, they will go to a temporary office set up by the CBI in Hathras. Female members will be questioned at home by CBI officials'
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
Acharya emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
As the world awaits the end of the global pandemic, rural Bengal might be witnessing a recession unfolding in bits and pieces. With factories and tea gardens closing down, agricultural income falling and storm Aila ravaging a large part of deltaic West Bengal in 2010, migration gradually became a norm.
The severity of the second wave of COVID-19 infections in India poses a key challenge for the FMCG industry and the spread of the virus to rural areas on a relatively higher scale as compared to the first wave is also expected to weigh on industry growth outlook, according to ITC Ltd. There is heightened uncertainty around the timing and shape of the recovery trajectory of overall economic growth in India due to the virus, the company said in its Annual Report for 2020-21. In terms of consumption, urban-led recovery may be relatively muted compared to the first wave as consumers switch to precautionary savings mode and rising healthcare costs eat into household spending, while rural demand may also be blunted by the large-scale spread of the virus to the hinterland in the second wave.
Monsoon is likely to be 96 per cent of the long period average
'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
In mid-2020, when Kushal Pal Singh, the undisputed king of India's vast real estate market, relinquished the top post at the country's largest realtor, he left behind an empire that is best compared to the Greek myth of the Phoenix. Once the leader of Delhi's organised real estate market, DLF's steep decline in the 1970s and its majestic rise since has often been cited as a business resurrection story. Now, a year after his departure from the helm of affairs, history seems to be repeating itself at the real estate major. In the 1970s, it was the government prohibitions that had forced DLF to venture into uncharted territory; some five decades later, the Delhi-headquartered firm has set its eyes on another growth trajectory that holds immense potential.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
At Lasalgaon mandi, Asia's largest onion selling market, the onion price jumped Rs 1.50 a kg to Rs 32 a kg, the highest since January last year.
Addressing a press conference at Singhu Border in New Delhi, farmer leader Balbeer Singh Rajewal said that farmers never demanded the Supreme Court form a committee to resolve the impasse, alleging the central government was behind this development.
The supplementary nutrition programme and the Poshan Abhiyaan under the Women and Child Development Ministry has been merged to launch Mission Poshan 2.0 to strengthen nutritional content, delivery, outreach, and outcome, according to the Union Budget announced on Monday.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
