The monsoon and D-Street have one thing in common -- they both are unpredictable. But what is predictable is how the monsoon will impact certain sectors and stocks.
The Indian economy is heavily dependent on monsoon rain, and a normal and well-distributed monsoon usually results in an uptick in farmers' income, which leads to an increase in the demand for consumer and automotive products in the rural market.
NEW DELHI: India on Wednesday raised the import duty from 20% to 30% on wheat with immediate effect. This is to protect domestic growers from sourcing cheaper produce from overseas markets.
The move comes at a time when wheat procurement in the domestic market by the government and private agencies is at peak. This measure is expected to help stem imports of wheat from Ukraine, Russia and Australia.
Paytm Payments Bank has introduced “Paytm AshaKiran”, a new initiative, to educate women about the financial services and create new employment opportunities across smaller towns and cities in India’s formal banking systems. Paytm Payments Bank aims to offer skill development opportunities to rural women by training and certifying them to act as banking correspondents, a Paytm Payments Bank statement said.
PATNA: The state energy department has speeded up the work of constructing agricultural feeders across the state as envisaged under the third phase of agriculture road map (2017-22) of the Nitish Kumar government and the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) of the Centre.
South Bihar Power Distribution Company Limited (SBPDCL) MD R Lakshmanan told this reporter recently as many as 86 agricultural feeders had already been constructed and the intermediate target was to up this number to 100 by August this year.
The Union Cabinet on Wednesday approved a dedicated Rs 5,000-crore fund to bring more land area under micro-irrigation, as part of its objective to boost agriculture production and farmers income.
The Micro Irrigation Fund (MIF), set up under the National Bank For Agriculture And Rural Development (NABARD), seeks to provide states financial assistance on concessional rate of interest to promote micro-irrigation – currently, 10 million hectares is under micro-irrigation as against the potential of 70 million hectares.
(CNN) - An estimated 239,000 girls under the age of five die in India each year due to neglect linked to gender discrimination, a new study has found.
The figure, which amounts to 2.4 million deaths a decade, does not include pre-natal mortality rates.
"Gender-based discrimination towards girls doesn't simply prevent them from being born, it may also precipitate the death of those who are born," wrote the study's co-researcher Christophe Guilmoto in the Lancet medical journal.
Niti Aayog Vice Chairman Rajiv Kumar has said that imposition of tax on agriculture income has always been considered by ‘successive Governments’, even as he cautioned that any such move should be taken once the sector is productive and attached to modern scientific methods.
He further said the Government think tank will come out with a development agenda for ‘New India 2022’ by July, which will spell out strategy for expediting economic growth.
NEW DELHI: In a bid to make its flagship apprenticeship programme, the National Apprenticeship Promotion Scheme (NAPS), a success, the government has decided to execute it in the public-private partnership mode.
Until now, the programme was being run by the director general of training under the ministry of skill development and entrepreneurship.
NEW DELHI: The government may challenge the US’ accusation that India is under-reporting its food subsidies at the World Trade Organization (WTO) on grounds of amount of production which is eligible for support and the currency in which the country reports its subsidies.
Amaravati: The government aimed to construct 58 new onion storage structures which have a capacity of 1,825 tonnes, explained the officials to Chief Minister Nara Chandrababu Naidu during the Collectors Conference on Tuesday at his residence at Undavalli in Guntur.
The Chief Minister was also informed that over the past year, Rs 97.29 crores were spent under the state plan for horticulture which was the highest in the country.