The government on Friday announced it will release onion from its buffer stock in the targeted regions with immediate effect to ensure prices remain under check till the new crop arrives from October onward. The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said. The government has currently maintained 3 lakh tonnes of onion under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season.
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Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
Lavender cultivation employs around 5,000 farmers and young entrepreneurs in geographically remote areas of Kashmir.
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Area under paddy has gone up nearly 3 per cent so far in the ongoing kharif sowing season to 411.52 lakh hectare, while pulses acreage declined 5 per cent, according to the agriculture ministry data. Paddy acreage stood at 400.72 lakh hectare (LH) in the same period last year. As per the data released on Friday, area under pulses declined 5 per cent to 122.57 LH from 128.49 LH in the year-ago period.
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The country has produced a record harvest, but many farmers in the onion bowl of Maharashtra have lost a large share of their crop damaged in storage, adding to the country's inflation woes.
Amid rising air pollution caused by the burning of crop residue, the Bihar government has decided to identify farmers who are indulging in this practice and put up their names at the block offices, officials said on Saturday.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.
Reddy directed the officials to treat the storm as a major challenge to avoid loss of life and property as the winds are expected to blow gales reaching speeds of up to 110 kilometres per hour.
'In staples, we have still managed in rural areas.'
Air quality in Delhi and its suburbs dropped to the severe category again on Wednesday morning, with smoke from post-harvest paddy straw burning in neighbouring states accounting for one-third of the air pollution in the national capital.
Lower income groups earning less than Rs 100,000 a year are yet to recover as are those earning between Rs 100,000 and Rs 200,000.
In view of air pollution in the national capital, the December winter break of all schools has been rescheduled and it will be now from November 9 to November 18, a circular of the Delhi Directorate of Education stated on Wednesday.
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"First ladies from Turkiye, Japan, the UK, Australia and Mauritius, among others visited the exhibition at NGMA (National Gallery of Modern Art)," the source added.
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From making dosas at a roadside eatery to trying out skills using a pair of scissors at a hair cutting saloon, politicians leave no stone unturned to impress voters during the run-up to the upcoming Telangana assembly polls.
The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.
Companies manufacturing fast-moving consumer goods (FMCG) continue to see rural stress sustain and it continues to trail urban demand. At the Confederation of Indian Industry's FMCG summit, managements of various companies pointed out urban demand continued to grow while rural demand remained under pressure because incomes were under stress in rural areas. "Due to rural stress, volumes continue to remain an issue for the industry and we are yet to see any revival in demand," Sudhir Sitapati, managing director (MD) and chief executive officer (CEO) at Godrej Consumer Products
Due to inadequate storage capacity around 20 per cent of total foodgrain harvest is wasted.
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'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
The 'Pesta Demokrasi' is a cause for celebration not only for Indonesia but also for democracy and forces for peace all over the globe, notes Sandeep Chakravorty, India's Ambassador to Indonesia.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Sub-divisional police officer Chingtham Anand, a resident of Imphal's Haobam Marak locality, was killed in a sniper attack while he was on duty overseeing the cleaning of the grounds of Eastern Shine School for construction of a helipad jointly by the police and BSF, officials said.
A senior RITES official said the new station building comes equipped with many modern facilities that passengers usually get at an airport, but the architecture of its facade "embraces tradition" in a nod to the upcoming Ram temple.
The fall in the employment rate translated into a 2.6 million fall in absolute employment between December 2022 and March 2023. Most of this fall was in March 2023.
The main road that leads from Sitapur Road side to the airport has been decked up with several posters carrying images of Prime Minister Modi, and a welcome message.
Foodgrains production in 2020-21 is projected to be a record 144.52 million tonnes, which is 0.80 per cent more than the production in 2019-20.
The Centre recently released the first advance estimates of kharif crops that, barring tur dal, showed a dip in production due to uneven monsoon and other natural calamities including pest attacks in cotton. The first Advance Estimates, released a few weeks back, are usually initial projections on the crop size and, more often than not, are revised as more inputs come from the fields. But, the findings have rung alarm bells in several quarters. The Centre, along with many others, is confident that as more details come, the estimates will be revised upwards.
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
A few days back, Atul Ganatra, president of the Cotton Association of India, presented a grim scenario of the crop's prospects in the 2024-25 season that starts in October. Addressing the association's annual general meeting, Ganatra said the area under the crop could go down by at least 10 per cent in the coming season due to falling yields and realisation, leading to farmers losing interest. The fear of a decline in acreage comes against the backdrop of India's cotton production probably falling to its lowest in a decade, according to estimates.
In a first, the Centre will start selling tomatoes at discounted rates in retail markets in the national capital and few other cities from Friday to provide relief to the consumers as the price of the kitchen staple is ruling high at over Rs 200 per kilogram in some parts of the country.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
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