India is again seeing an outbreak of farmer protests over demands for minimum support prices for farmers. Many economists and experts have called MSPs an outdated mechanism to provide pricing and income support to farmers and protect them from sharp fluctuations in the market. We examine the experiences and lessons learnt by other countries that […]
Escorts Kubota Limited (EKL), one of India’s leading tractor manufacturers, is poised for strong growth in the coming years, according to a new research report by Sharekhan. EKL, formed after the merger of Escorts Limited and Kubota Corporation of Japan, will benefit significantly from synergies and integration of the two entities, said Sharekhan in its […]
Favorable seasonal and production factors that are expected to boost sugar prices in coming days, said JM Financial Institutional Securities in a report titled “Turning Sweeter”. The primary reasons for the bullish outlook on sugar prices has to do with international prices and India’s own buffer stock situation. The upcoming festival season in India, which […]
Minister for Agriculture and Farmers Welfare on Friday indicated that the minimum support price announced by the government has nothing to do with the price at which farmers sell their produce to private companies under India’s new agricultural laws. Minister Narendra Singh Tomar made this clarification in response to a question raised by Congress MP […]
Reliance Industries, India’s largest private company, today rebutted rumors that the company has purchased agricultural lands on a large scale and that it plans to carry out contract farming to take advantage of the new farming laws. The clarification comes in the wake of a online campaign targeting the company, as well as rival Adani […]
Five months after first losing its crown as India’s No.1 operator to upstart Reliance Jio, Bharti Airtel has again taken the top spot, aided by three back-to-back months of strong subscriber additions and slowing expansion on Jio’s side. As of October 2020, Bharti Airtel once again recorded the highest number of active mobile users in […]
Maruti Suzuki and Escorts have reported strong auto sales numbers for August 2020. While Escorts report an all-time high for its monthly tractor sales, Maruti Suzuki reported a 21.3% year-on-year jump in passenger vehicle sales, possibly indicating a move by consumers away from public transport. The company sold 1.13 lakh passenger vehicles, up from 93,174 […]
Coromandel International Limited, which makes the famous GROMOR brand of fertilizers, reported strong financial performance for the Apr-Jun quarter, indicating that farming activity in South India continued apace even during the COVID-19 lockdown. The company reported a whopping 51% jump in its revenue for the Apr-Jun quarter compared to the same three months of 2019. […]
Pinarayi Vijayan, chief minister of Kerala — a region with one of the highest success rates in arresting Coronavirus spread anywhere in the world — today warned the people of the state about a possible famine-like situation if the infection gets out of hand in other parts of India. Kerala, with one of the highest […]
Escorts Ltd, one of India’s oldest motor and equipment makers, said Japan-based Kubota Corporation, one of the top tractor makers in the world, will take a 10% stake in the Indian company for Rs 1,042 cr. The partnership, which will go beyond equity participation, will “integrate and deepen their relationship towards achieving their mutual ambition […]
PM Kisan, one of the world’s largest welfare schemes with a targeted beneficiary strength of 140 million, seems to be running well behind schedule, going by data on the disbursement of funds. The scheme was started on Dec 1 2018, and has so far enrolled only around 7 cr (70 million) farmers against the target […]
eNAM, the electronic National Agricultural Market that was unveiled three-and-a-half years ago, has seen the total cumulative turnover on its platform hit Rs 84,842, Agriculture minister Narendra Singh Tomar said. He said a total of 1.65 cr farmers in 18 states and union territories have been brought onto to the electronic agricultural commodity trading platform. […]
Even as global leaders like Donald Trump call climate change a hoax, the Indian government said it expects the phenomenon to lead to more and more extreme weather events like floods and to hurt farm output. “Global Warming associated with the increase in concentration of green house gases in the atmosphere is one of the […]
A study by the Central Ground Water Board has revealed that India’s Ganga-Yamuna plain is rapidly running out of ground water. Despite isolated cases like that of Chennai and Bangalore, the study also revealed that other areas of the country, including the east and the south, are better placed as far as ground water depletion […]
The ministry of agriculture and farmers’ welfare has clarified that no decision has been taken to make the Pradhan Mantri Fasal Bima Yojana or the PM Crop Insurance Scheme voluntary. At present, any and all farmers who take agricultural loans have to compulsorily take crop insurance. The scheme is reported to be a big money […]
Kaveri Seeds, one of India’s largest seed firms, has set up a new corn cob drying facility, touted to be Asia’s largest, at Molangur village in Karimnagar district of Telangana. The new facility has a capacity of 1,456 tonnes per cycle and can process around 400 tonnes of fresh corn cobs per day to transform […]
Marine products, especially shrimps, are among the most restricted items of import from India, according to data released by the ministry of commerce and industry today. Four of India’s major export markets — Saudi Arabia, Kuwait, Canada and Australia — have restrictions on shrimp import from India, according to the ministry. Saudi Arabia and Kuwait […]
Indian auto maker Mahindra & Mahindra said it has agreed to increase its voting rights in Scandinavian farm equipment maker Sempo to 49.04% from 35% by acquiring shares and convertible instruments at a cost of 4.66 mln euros, or around Rs 37.74 cr. Sempo, founded in 1853 in Finland, had revenue of around 52 mln […]
Jain Irrigation said it won a Rs 584 cr order to set up an integrated micro irrigation project in Karnataka. The Singatalur Lift irrigation project is being implemented for irrigating drought prone areas of Huvinahadagali Taluk of Bellary district, Gadag and Mundargi taluks of Gadag district, Koppal and Yelaburga taluks of Koppal District Karnataka. Jain […]
Mahindra & Mahindra, one of the country’s top tractor makers, said it saw a sharp jump of 24% in the number of tractors sold in June this year. Total tractors sold by the company in June in India jumped to 39,277 from 31,660 last year. This was a stronger performance from May, when it had […]
