India will receive normal monsoon this season, country's meteorological department said on Wednesday in its forecast for the Southwest monsoon that covers 75 per cent of the country, and thereby may bring much-needed respite to the economy, which is reeling under the catastrophic effect of the Covid-19 pandemic.
'Never believed that we humans have the capability at this time to create such a virus'
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
As India looks to mend its Covid-battered economy, one thing that will grab the attention of all concerned is the path that both wholesale and retail inflation will follow. Even the Reserve Bank of India in its latest policy statement said, "Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside.
The accused were allegedly complicit in causing losses to the tune of Rs 1,000 crore to MSCB between 2007 and 2011.
Pawar was the deputy CM twice in the 15-year regime of Congress-NCP alliance in Maharashtra during 1999-2014.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Green revolution and technology use should not be region-specific.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Kerala floods take a toll on small businesses, NBFCs brace for losses
A tough administrator and an immensely popular face in his largely rural assembly segment Baramti in Pune district, Ajit is also a maverick leader who doesn't shy from being on a different page from his party.
The Directorate of Research on Women in Agriculture, a constituent of Indian Council of Agricultural Research, is also in contact with entrepreneurs for commercial production of its innovative products and their marketing for enhancing efficiency of farm women.
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years.
Experts call for consistency in government policies to enable Indian exporters to frame a long-term strategy.
With rainfall and monsoons becoming highly unpredictable partly due to climate change and partly due to usual changes in weather patterns, it is such innovations by IMD which will help in planning better, reports Sanjeeb Mukherjee.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides -- fiscal, monetary and sectoral -- to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. "Overall, the second wave of COVID-19 has altered the near-term outlook, and policy support from all sides - fiscal, monetary and sectoral - is required to nurture recovery and expedite return to normalcy," Das said, as per the minutes of the meeting released on Friday.
If more commodities which have seen a sharp rise in MSP are to be procured, such as pulses, oilseed and cereals, there could be a storage problem. Also, if state-owned Cotton Corporation of India joins in, this problem will aggravate.
'The honourable prime minister virtually handpicked me for the Amritsar East seat.' 'Amit Shahji announced that if I am elected, the whole of Punjab will be drugs free.'
Prime Minister Narendra Modi will be reciprocating the reception he received from the Israeli PM during his visit last July, report Archis Mohan & PTI.
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
In many parts of central and north India, monsoon reaches only in July.
'Right now, we are increasing production in anticipation of the demand during the festive season.' 'If the demand doesn't come back, all the production will languish in the factories.'
Livestock auctions remained on hold for the majority of the lockdown as there was no clarity on the matter.
By June 14, the monsoon should have reached central India. But this year it hasn't even covered Karnataka properly or entered the Northeast.
EY Foundation India and India Paryavaran Sahayak Foundation have come up with a cost-efficient and scalable solution. The project involves spreading awareness and driving usage of in-field straw management practices among farmers, to reduce the air pollution caused due to crop residue burning.
Farmer leader Joginder Singh Ugrahan said told reporters after the meeting that the unions urged the government to repeal the three laws, but the Centre was unwilling to do so. "We decided to meet again on January 19 at 12 pm," he said.
This is mainly due to GST impact on manufacturing and subdued farm output.
Unemployment was worse only in the pre-demonetisation period, according to the data, at 9.6 per cent in August 2016.
Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere. Ambani, whose four-year-old telecom venture Jio has captured the No.1 spot offering free voice calling and data at dirt-cheap rates, also pitched for developing hardware manufacturing in India, saying the nation cannot rely on imports in such a critical area. 5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices. India, he said, is today among the best digitally connected nations in the world.
Amar Singh and Ram Dev, sons of Arjun Gopal alias Tshidawa, said their father had suggested the construction of the tunnel to the former prime minister.
Eight Bihar officers, including five IAS officers, have been nominated for the Prime Minister's Awards for Excellence in Public Administration for 2012-13.
The fate of the ministerial conference was sealed after assistant US trade representative Sharon Bomer Lauritsen said permanent solution to the food stockholding issue was not acceptable to America.
She also alleged an atmosphere prevailed where opposition parties were also afraid of 'horsetrading, harassment and political vendetta'.
In a pre-budget meeting with Finance Minister Arun Jaitley, the experts suggested timely implementation of the BJP's election manifesto promises to fix higher support prices. They also favoured a Kissan TV channel, an efficient procurement policy, priority for farm mechanisation and the linking of rivers.
The United Nations' Food and Agriculture Organisation on Wednesday said global commodity prices were far from easing in the short term owing to tight supply-demand situation and warned of flare ups over food shortage.The UN FAO director general said the world has 4-5 million tonnes (MT) of cereals stocks that can feed the global population for only 8-12 weeks.
Joint Director (Extension) Indian Agriculture Research Institute, New Delhi, Baldeo Singh delivering the keynote address at the national seminar on 'Appropriate Extension Strategies for Management of Rural Resources' organised at the University of Agricultural Sciences here on Tuesday stressed that agriculture in India had become more challenging, competitive, demand-driven, knowledge-based and market-oriented.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
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