Category: Business

Business

Crypto lender Celsius defends Bitcoin mining plans as bankruptcy kicks off

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Crypto lender Celsius defends Bitcoin mining plans as bankruptcy kicks off

FILE PHOTO: Celsius Network logo and representations of cryptocurrencies are seen in this illustration | Photo Credit: REUTERS Cryptocurrency lender Celsius Network said Bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manhattan. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes…

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Only 50% farmers benefited from farm loan waivers, finds study

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Only 50% farmers benefited from farm loan waivers, finds study

Photo used for representation purpose only. File | Photo Credit: Ritu Raj Konwar Only about half of the intended beneficiaries of farm loan waivers announced by nine States since 2014, have actually received debt write-offs, as per a study by State Bank of India’s researchers. As of March 2022, the poorest implementation of farm loan…

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Amit Shah asks cooperative banks to focus on extending more long-term financing to agri sector

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Amit Shah asks cooperative banks to focus on extending more long-term financing to agri sector

Union Home Minister Amit Shah. File | Photo Credit: PTI i Cooperation Minister Amit Shah on Saturday urged Agricultural and Rural Development Banks (ARDBs) to extend more long-terms loans to the agriculture sector, including for irrigation projects and other infrastructure. Cooperative banks should focus on providing loans for increasing the irrigated land in the country,…

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RSS farmer body Bharatiya Kisan Sangh slams Centre’s farm policies

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RSS farmer body Bharatiya Kisan Sangh slams Centre’s farm policies

The Bharatiya Kisan Sangh urges the government to frame long-term export and import policies that are in the interests of farmers.  | Photo Credit: The Hindu Bharatiya Kisan Sangh (BKS), the Rashtriya Swayamsewak Sangh’s (RSS) farmers’ group, criticised the Centre’s export and import policies. The BKS urged the government to frame long-term export and import…

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RSS chief Mohan Bhagwat calls for ‘Bharat-centric’ approach to farming; says organic, ancient methods important

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RSS chief Mohan Bhagwat calls for ‘Bharat-centric’ approach to farming; says organic, ancient methods important

RSS Chief Mohan Bhagwat. File | Photo Credit: PTI RSS chief Mohan Bhagwat on June 20 laid importance on organic- and ancient methods of farming and said it would be wrong to reject such local knowledge as unscientific without examining them. He was speaking at the annual ‘Convocation-cum-Scientific Convention’ jointly organised by National Academy of…

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UAE suspends exports and re-exports of Indian wheat for four months

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UAE suspends exports and re-exports of Indian wheat for four months

Workers carry sacks of wheat for sifting at a grain mill on the outskirts of Ahmedabad, India, May 16, 2022. | Photo Credit: Reuters The UAE has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for four months, the Gulf nation’s ministry of economy said on Wednesday. The…

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Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation

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Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation

Supply trucks loaded with wheat wait for unloading at a port in Kandla, in the western state of Gujarat, India, May 17, 2022. REUTERS/Stringer NO RESALES. NO ARCHIVES. | Photo Credit: Reuters The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and…

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Explained | Why India, world’s largest producer of sugar, has put brakes on exports

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Explained | Why India, world’s largest producer of sugar, has put brakes on exports

The story so far: A fortnight after it banned wheat exports, India announced restrictions on the export of sugar to keep a lid on prices in the domestic market. This is the first time in six years that the Centre has placed a restriction on sugar exports. In an order issued by the Directorate of General…

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Explained | India’s rice fortification scheme and why it has experts worried

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Explained | India’s rice fortification scheme and why it has experts worried

The story so far:  The Centre recently released a Standard Operating Procedure (SOP), or a set of guidelines, for the smooth implementation of its rice fortification distribution scheme, days after a fact-finding team alleged that fortified rice was being distributed in Jharkhand without the consent of beneficiaries. In a report published on May 16, a…

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