While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
Farmer Ishwar Gaykar (36), from Pachghar village in Junnar tehsil of Pune district, had faced a difficult decision of dumping a large quantity of harvested tomatoes in May this year due to low prices.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
With the farmers' protest against the three new laws and in support of legalising the minimum support price (MSP) going strong, state governments have announced a slew of measures in their annual Budgets to placate farmers. The Centre kicked things off in the Union Budget by assuring farmers that the MSP would continue and coming out with a report card to demonstrate its commitment. However, these efforts don't seem to have yielded tangible results. In their respective Budgets, states chose to go a step further by announcing a variety of measures.
Robust procurement of paddy and wheat since 2017 and prompt payment to farmers have helped the UP government cultivate a positive and pro-farmer perception, defusing possible farm face-off situations.
'There is a difference between a politician and leader.' 'A politician will have his pound of flesh first and do everything else later.' 'A leader will sacrifice everything to help people.'
Farmers blocked the national highway in Pipli in Haryana's Kurukshetra district for a second day Tuesday over the MSP for sunflower seeds, with BKU leader Rakesh Tikait asking the state government to accept the demand or send farmers to jail.
The "MSP Dilao, Kisan Bachao mahapanchayat", called by Bharatiya Kisan Union (Charuni), was being held at a grain market in Pipli close to National Highway-44 which was blocked by farmers a few days ago demanding that the government procure sunflower seed at MSP.
Bhujbal stridently opposed Maratha quota activist Manoj Jarange's demand for Maratha quota from the Other Backward Classes (OBCs) share.
'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'
'During times of adversity, a brick becomes better than a stone. That is how I look at the election season.'
Two Central Reserve Police Force personnel also sustained injuries during the heavy exchange of fire that happened at Jakurador Karong in the Borobekra sub-division, they said.
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
The NITI Aayog, in a concept note floated a few months back, had suggested three models of procurement but the Centre, at least for the time being, has decided to rely on existing PSS schemes along with giving states the option of choosing Bhawantar Bhugtan for oilseeds.
After climbing to the highest level in more than five years to 4.7 million tonnes in FY24, India might import fewer quantities of pulses this financial year at 4-4.5 mt on the back of good monsoon and higher domestic production, Bimal Kothari, chairman of India Pulses and Grains Association (IPGA), said in New Delhi on Friday. Kothari was addressing reporters on the sidelines of a seminar on pulses titled "Bharat Dalhan-2024".
A protester was killed in firing during a clash between security forces and a mob vandalising properties in Manipur's Jiribam district. The incident occurred late on Sunday night when agitators were protesting the killing of women and children abducted by militants. The deceased has been identified as K Athouba, who was in his twenties. The offices of the Congress and BJP, and a house belonging to Jiribam's Independent MLA were ransacked by a group of agitators. Meanwhile, an uneasy calm prevailed in Imphal Valley, where curfew remained enforced and internet services suspended after agitators vandalised and set ablaze properties belonging to several ministers and legislators.
He said the onion farmers need to get a good price for the crop and the affected farmers get compensation.
'It is a fiercely fought battle, like our fiery chillies in Guntur.'
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
Low rain coupled with the fact that maize prices in the open market have surged from around Rs 15-16 a kg to almost Rs 25 this year have forced farmers to turn to this crop.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
The suicide note also stated about "foul language" used by people associated with a cooperative society and threat by lenders (finance firms), a police officer said on Monday.
Though the Bills of Punjab and Rajasthan have a lot of similarities, the one approved by the Chhattisgarh Assembly is structurally different. None of the three has tried to address a key demand of the agitating farmers in full, which is to make all payments below the MSP, within and outside mandis, illegal.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
Withdrawing a blanket ban on overseas shipments of non-basmati white rice, the government on Saturday imposed a floor price of $490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply. "The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ...is amended from prohibited to free, subject to MEP (minimum export price) of $490 per tonne with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
Milk supplies could improve with the monsoon, provided the rains are not excessive.
Sections of our media and elites take Western reports/judgements at face value and are ready to condemn the targets without understanding the deeper power linkages behind such actions, asserts Colonel Anil A Athale (Retd).
The government has the upper hand in the ongoing negotiations, and it is unclear if a real debate will happen, observes Tulika Narayan.
Home-grown FMCG major Dabur India on Thursday said it will set up a Rs 400-crore manufacturing plant in Tamil Nadu's Villupuram district, marking the company's maiden foray into the South. State Industries Minister TRB Rajaa said, Dabur has signed a Memorandum of Understanding (MoU) with the state government to this effect on Thursday. The MoU outlines an approved Phase 1 investment of Rs 135 crore, scaling up to Rs 400 crore over five years, Dabur India said in a statement.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
'Farmers have been sent notices in which the government is threatening that if you will join the movement, then we will impound your ancestral properties.' 'We will seal your bank accounts.' 'We will revoke the passports of your kids.'
'BJP and RSS may have differences over minor issues but their hearts long for one common aim -- that of A Hindu Rashtra.' 'And this time to prove this point the RSS has prepared to help BJP win this election with all its might.'
Most key rabi-producing states of north India, such as Madhya Pradesh and Rajasthan, have staggered their procurement to enable farmers to come in batches, so that there is no overcrowding. The Centre has also set up a call centre to coordinate the inter-state movement of farm commodities.
Extended rounds of negotiations having failed, farm leaders now reckon that their best chance to pressure the government lay in defeating the BJP in the coming assembly poll, particularly in UP, observes Virendra Kapoor.
'The farm bills will not bring in corporate zamindari'
"There is a clear hand of the Punjab government in it. Here in Haryana, former chief minister Bhupinder Singh Hooda and other Congress leaders besides some Left leaders are instigating farmers to take law in their hands," Haryana chief minister M L Khattar said
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
The "black ink and the deadly attack" cannot suppress the voices of farmers and labourers, Bharatiya Kisan Union leader Rakesh Tikait said after ink was thrown on him in Bengaluru.
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