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Agriculture

  • Coromandel International picks up 53% stake in NACL Industries for Rs 820 crore

    Coromandel International acquires a 53.13% stake in NACL Industries for Rs 820 crore, strengthening its agrochemical portfolio. Learn about the deal, its impact, and future prospects.

  • Alpex Solar Secures Rs 210 Crore Order from SECI for Advanced Solar Modules

    Introduction Alpex Solar has won a big order of Rs 210.71 crore from Solar Energy Corporation of India (SECI), an enterprise of the Indian government. Through this contract, the company adds […]

  • Shakti Pumps Secures Rs 24-Crore Order from MEDA for Solar Water Pumping Systems

    Introduction: Shakti Pumps (India) has achieved another milestone by securing a prestigious order worth Rs 23.91 crore from the Maharashtra Energy Development Agency (MEDA). The company has been awarded the […]

  • Fineotex Chemical’s Revolutionary Mosquito Control Solution Approved by Central Insecticide Board

    AquaStrike Premium is a groundbreaking, eco-friendly mosquito control solution that uses Azadirachtin to target and eliminate mosquito larvae in water bodies. With approval from India’s Central Insecticide Board, this non-toxic, sustainable formula offers a safer, more effective alternative to chemical insecticides, helping preserve water quality and the environment.

  • Shakti Pumps (India) Posts Exceptional Q3 Results: Net Profit Soars 130.25%, Sales Jump 30.90%

    Shakti Pumps (India) has delivered impressive financial results for Q3 FY2024-25, with net profit soaring 130.25% to ₹104.05 crore and sales rising by 30.90% to ₹648.77 crore. The company’s strong performance reflects improved operational efficiencies and growing demand for its products, especially in the solar pump segment.

  • Potential Rollback of 40% Export Duty on Onions

    In a bid to control rising onion prices, the Indian government imposed a hefty 40% export duty on Bangalore rose onions from Karnataka and Krishnapuram rose onions from Andhra Pradesh in August 2023. This decision sent shockwaves through the onion export market, resulting in a staggering 70% drop in exports. Meanwhile, a group of onion traders in Nashik initiated a strike on September 20, 2023, in protest of the export duty, though experts believe its impact on national onion prices will be limited. Rose onion exporters, represented by the Agri Commodities Exporters' Association, have formally requested the government to allow duty-free exports of 10,000 tonnes of these onions from October to December. The fate of this export duty remains uncertain, leaving stakeholders in the onion industry eagerly awaiting a government decision.

  • Government Allocates Rs 20,000 Crore for Kisan Credit Card Loans: Boosting Agricultural Support

    In a significant move to bolster agricultural support, Union Agriculture Minister Narendra Singh Tomar recently unveiled a comprehensive plan aimed at uplifting the farming community. This initiative involves a substantial allocation of Rs 20,000 crore towards Kisan Credit Card (KCC) loans. Under this revitalized scheme, eligible beneficiaries will have access to loans of up to Rs 3 lakh. Another noteworthy aspect of the government's commitment to the welfare of farmers is the PM Fasal Bima Yojana. To date, an astounding Rs 1.41 lakh crore has been disbursed under this scheme, surpassing the premium collection of Rs 29,000 crore.

  • Global Cooperation and Frameworks: Navigating Crypto Threats and Fostering Financial Inclusion in India

    Finance Minister Nirmala Sitharaman's call for global cooperation echoes the urgency of countering evolving threats posed by cryptocurrencies. In her address at the Global Fintech Fest, she emphasized the dual nature of crypto—both a threat and an opportunity. Sitharaman's vision of India leading in cross-border payments aligns with the country's ambition to reduce transaction costs and foster financial inclusion. Her insights into the formalization of the Indian economy highlight the nation's economic growth and increasing participation in formal financial systems.

  • Navigating India’s Inflation Challenge: Insights from Central Bank’s MPC Meeting

    India's central bank, the Reserve Bank of India (RBI), is resolute in its commitment to address the recent inflation concerns sparked by a sudden surge in vegetable prices. Members of the Monetary Policy Committee (MPC) have reaffirmed their dedication to achieving the 4% inflation target, as revealed in the minutes of their recent meeting. During the meeting, the committee unanimously chose to maintain the repo rate at 6.5%, signaling a cautious approach to policy action. This decision reflects the committee's consensus that no immediate rate adjustments are needed, unless food inflation becomes more widespread. The focus remains on striking a balance between economic stability and curbing inflationary pressures. RBI Governor Shaktikanta Das expressed both caution and optimism. He voiced concerns about the potential second-round impact of food-price shocks, emphasizing the need to prevent broader inflationary pressures. However, he also noted positive signs of vegetable prices softening, offering hope that inflationary pressures might alleviate in the coming months. The committee's diverse viewpoints were evident, with some members advocating for continued monitoring of the inflation trajectory, while others dismissed fears of a second-round impact. The ongoing challenges posed by liquidity overhang in the banking system were highlighted, underscoring the importance of managing excess liquidity to align with inflation targets. As the RBI navigates these challenges, the committee remains vigilant in observing critical factors such as monsoon progress, potential supply-side actions, the influence of past rate hikes, food price dynamics, and core inflation trends. These observations will guide the committee's strategies in achieving its overarching goals of price stability and sustained economic growth.

  • Onion

    Impact of Government’s 40% Export Duty on Onions: A Closer Look

    In a bid to counter the growing concerns surrounding soaring onion prices and compromised quality, the Indian government has taken a decisive step by imposing a 40% export duty on onions. The urgency of this move arises from reports indicating a potential doubling of household onion prices by September. This price surge, coupled with a significant decline in quality due to prolonged summer heat, has prompted the government to intervene and ensure a stable onion market. With the export duty effective until December 31st, 2023, the focus now shifts towards maintaining a balance between domestic supply, quality enhancement, and revenue generation. This strategic decision aims to not only alleviate short-term challenges but also lay the groundwork for a more resilient onion industry in the long run.