Category: Business

Business

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

February 1, 2023 admin

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 | Photo Credit: PTI The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of ₹14.21 lakh crore for the current financial year…

Business

Economic Survey 2022-23 | Growth dips, public investment stagnant in agriculture sector

January 31, 2023 admin

Farmers ride on a cart loaded with grass in a village on the outskirts of Jalandhar, Punjab on January 31, 2023. According the Economic Survey, the performance of the agriculture and allied sector had been buoyant over the past several years due to the measures taken by Centre to augment crop and livestock productivity |…

Business

Centre may announce ‘benchmark price’ for minor millets

January 25, 2023 admin

Considering the increase in the cultivation of millets, the Centre may soon announce a benchmark price for minor millets produced in various States. The Centre said it would help States to procure and distribute millets through the public distribution system. At present, millets such as jowar, bajra and ragi are procured by nine States with…

Business

Discrepancies in insurance disbursement baffle Barmer farmers

January 21, 2023 admin

Farmers staging a protest against discrepancies in the disbursement of compensation for loss of crops at Gudamalani in Barmer district in Rajasthan. | Photo Credit: Special Arrangement. A peculiar situation has arisen for farmers in Rajasthan’s Barmer district, where the public sector Agriculture Insurance Company of India (AIC) has released compensation against claims for damage…

Business

Farmers to step up stir for MSP coinciding with budget session of Parliament

January 16, 2023 admin

All India Kisan Sabha(AIKS) national president Ravula Venkaiah said the agitation to press for statutory backing to the minimum support price(MSP) regime will be intensified coinciding with the budget session of the Parliament. Addressing the media here on Monday, Mr. Venkaiah said: “We will not rest until MSP is not fixed as per the formula…

Business

Dry, cold weather springs hope for mango lovers in Karnataka after two consecutive years

January 14, 2023 admin

If dry weather continues till April, then the yield is expected to be around 12 lakh metric tonnes this year | Photo Credit: K. MURALI KUMAR There seems to be some good news for mango lovers this season. After two ‘off’ years, this year there might be a good amount of yield, barring any weather…

Business

Three multi-State societies to procure and distribute seeds

January 11, 2023 admin

Cooperation Minister Amit Shah says the societies will help protect indigenous natural seeds from extinction. File | Photo Credit: The Hindu The Union Cabinet has approved the setting up of three national-level multi-State cooperative societies to act as an apex body for procurement, processing, marketing and distribution of seeds. Union Home and Cooperation Minister Amit…

Business

Mutual fund industry AUM rises 5.7% in 2022: Amfi

January 10, 2023 admin

Representative image. | Photo Credit: Getty Images The mutual fund industry added ₹2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7%, or ₹2.2 lakh crore, to a total of ₹39.88 lakh…

Business

Activists allege regulatory lapses in approving GM mustard

January 6, 2023 admin

Women carry fodder for their cattle through a mustard field on the outskirts of Srinagar. File | Photo Credit: Reuters The Coalition for a GM-Free India, a platform that’s fighting a case in the Supreme Court against the trials of genetically modified mustard, released a report in New Delhi on Friday to showcase at least…

Business

On the trail of the traditional Kalabhat paddy

January 6, 2023 admin

Kalabhat, a traditional paddy crop at a field near Sithayankottai village in Dindigul district. | Photo Credit: G. Karthikeyan Surrounded by lush green paddy fields in the foothills of Pandrimalai lies Sithayyankottai in Dindigul district. In this fertile region, is a three-acre farm that for four years has been producing ‘kalabhat’, a traditional paddy. Among…

Business