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Satia Industries is currently trading at Rs. 138.10, up by 2.30 points or 1.69% from its previous closing of Rs. 135.80 on the BSE. The scrip opened at Rs. 135.85 and has touched a high and low of Rs. 142.50 and Rs. 135.80 respectively. So far 254761 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.35 on 31-Oct-2022 and a 52 week low of Rs. 101.00 on 28-Mar-2023. Last one week high and low of the scrip stood ...
Satia Industries gains on bagging multiple contracts worth Rs 96.50 crore
The Atal Bhujal Yojana, a participatory sustainable groundwater management initiative launched by Prime Minister Narendra Modi, has made strides in achieving objectives of community-led water conservation and efficient groundwater resource management in Haryana. The project’s development is evident with its impact on farmers and the environment. In 2021-22, the micro irrigation system --one of the demand side interventions under Atal Bhujal Yojana -- benefited 1,658 farmers cov...
Micro irrigation initiative empowers farmers in Haryana
Already facing subdued demand from developed nations, India's exports are likely to be hit by the European Union's 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. In April, the EU approved the world's first plan to impose a levy on high-carbon goods imports from 2026, aiming to become a net zero emitter of greenhouse gases by 2050, some 20 years earlier than India's target. Reporting of ...
India expects EU carbon tax to hit exports of steel, iron ore and cement
Assam Rural Infrastructure and Agricultural Services (ARIAS) Society, an autonomous body under the Assam government signed a Memorandum of Understanding (MoU) with the Caspian Impact Investment Adviser Pvt. Ltd. (Caspian Equity), a venture capital institution that invests in social impact enterprises. This collaboration marks a significant milestone in the pursuit of strengthening rural infrastructure and fostering agricultural productivity in Assam. Under the partnership, ARIAS will be...
Assam government signs MoU with Caspian Impact Investment Adviser to launch an SME investment fund to boost agricultural growth and employment
India's Godrej Agrovet Ltd reported a 74.6% fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business. Consolidated net profit at the company, which competes with Venky's (India) and Kaveri Seed among others, fell to 310.2 million rupees ($3.79 million) in the seasonally weak fourth quarter ended March 31, from 1.22 billion rupees a year ago. Companies like Godrej Agrovet, which sell animal-feed to poultry farmers an...
India`s Godrej Agrovet posts 75% drop in Q4 profit as costs rise
Farmer Ankur Kumar of Kurukshetra's Ban village in Haryana started vegetable farming on three acres in place of paddy. He produced about 1,700 crates of tomatoes from one acre and made a record sale of Rs 13 lakh, as per government figures. He expressed gratitude to Chief Minister Manohar Lal Khattar for launching the 'Mera Pani-Meri Virasat' scheme in paddy-dominated districts, whose results are being seen on the ground. Kumar said after adopting the scheme he abandoned tra...
Farmers in Haryana opting for vegetables to save groundwater
The wheat export ban imposed by India in May last year to ensure adequate domestic supplies, will continue in order to keep a check on price rise and meet demands, Commerce and Food Minister Piyush Goyal said on Thursday. Speaking to media persons in Rome, where he is currently on an official visit, Goyal noted that wheat procurement has begun and initial figures related to buying are "very satisfactory". He expressed hope that despite unseasonal rains, the harvest will be goo...
Wheat export ban to stay to ensure domestic supplies, check inflation, says Piyush Goyal
Organic farming has been a part of Indian agriculture practice for many years. However, the process witnessed disruption with the intervention of chemical fertilisers as a shortcut to maximise yields. The use of chemical fertilisers increased rapidly while the quality of food and soil reduced significantly. With the world population projected to reach 9.7 billion by 2050, it is becoming increasingly clear that traditional farming practices are not sustainable in the long term. And this led...
What lies ahead for organic farming?
Wheat production in agriculture year 2022-23, as per the Second Advance Estimates, is estimated at 112.18 million tones which is higher by 4.44 million tonnes than the production achieved during 2021-22, the Parliament was told on Tuesday. Agriculture and Farmers Welfare Minister Narendra Singh Tomar also told the Lok Sabha in a written reply that at present, there is no proposal for lifting restriction on export of wheat. "During the current fiscal year (upto January, 2023),Rs 11,...
Wheat production estimated at 112.18 million tonnes in 2022-23
Agriculture accelerator fund will be set up to encourage agri-startups by young entrepreneurs, Union Finance Minister Nirmala Sitharaman said on Wednesday. While presenting the Budget 2023-24 before the Parliament, the minister said, "Digital public infrastructure of agriculture to be built as open source, opened standard, interoperable public good". She further said that the budget will enable inclusive farmer-centric solutions and help improve access to farm inputs, ma...
Budget to encourage agri-startups by youngsters: FM Nirmala Sitharaman
India's agriculture sector has continued to grow in leaps and bounds, especially in terms of output- driven by a rising population and increasing external demand. In 2022 alone, the country covered almost half of the global rice market. The country is also one of the largest producers of spices, milk, and pulses in the world and has the largest dedicated land for rice, wheat, and cotton in the world. But, transforming the Indian Agri space to make the country a global leader in food produ...
Digitally transforming agriculture
The commerce ministry in its notification has said that fertiliser marketing entities (FME), authorised by the government, have been allowed to file bill of entries at Indian ports for import of urea for agriculture purpose on government account. This new provision was added in the import policy condition of urea. A bill of entry is a legal document filed by importers or customs clearance agents on or before the arrival of imported goods. Earlier, Minister of State for Chemicals and Fer...
Government allows fertiliser marketing entities to file bill of entries for urea imports
Mindful of the fact that the farmers community needs to be mollified after its year-long agitation against the three controversial farm laws, the government is likely to focus on boosting the agriculture sector in the Union budget for 2023-24, which would be presented by finance minister Nirmala Sitharaman on February 1. The agriculture sector has always been seen as a sector which has a potential of generating lots of revenue and according to a report by Deloitte India, quoted recently in...
As country heads for polls, Budget may rain sops on farm sector
The 30th Indo-Israel Centre of Excellence was inaugurated in Haryana that coincided beautifully with the fact that Israel and India are nearing the completion of 30 years of full diplomatic relations. State Agriculture Minister Jai Parkash Dalal, Madhya Pradesh Agriculture Minister Kamal Patel and Ambassador of Israel to India Naor Gilon inaugurated the centre in Gignow in Bhiwani district on Sunday. This centre, established as part of the Indo-Israel Agricultural Project, is dedicated ...
30th Indo-Israel Centre of Excellence inaugurated in Haryana
A labour ministry has said that retail inflation for farm and rural workers sequentially eased to 6.38 per cent and 6.6 per cent, respectively, in December 2022, mainly due to lower prices of certain food items. It noted that point-to-point rate of inflation based on the CPI-AL (consumer price index for agricultural workers) and CPI-RL (rural workers) stood at 6.38 per cent & 6.60 per cent in December 2022 compared to 6.87 per cent & 6.99 per cent, respectively, in November 2022...
Retail inflation for farm & rural workers eases to 6.38% & 6.6% in December
The Jammu and Kashmir government has launched an ambitious project targetted to revolutionise the food processing sector and transform the lives of farmers in the UT. The "UT Level Food Processing Programme for Development of Clusters for Specific Products of J&K" is a Rs 879.75 crore initiative that aims to maximise farmer income and minimise post-harvest losses, an official statement said on Sunday. "This comprehensive project has been designed to increase the...
Jammu and Kashmir launches Rs 879 cr Food Processing Project
The Jammu and Kashmir government has approved an ambitious project worth Rs 91 crore envisaging revival of silk industry in the UT through technological interventions, officials said on Sunday. The project, which contains end to end interventions - right from availability of mulberry leaves to better seed and worm production, and finally augmentation of reeling facilities - shall double the number of cocoons produced in J&K and boost value addition by establishment of a state-of-the-ar...
Jammu and Kashmir government approves project for revival of silk industry
NEW DELHI - India and the United States will increase dialogue on food and agricultural trade issues in 2023, both governments said in a joint statement on Thursday after a trade policy forum meeting in Washington D.C. The two countries also decided to create a new trade policy forum working group on resilient trade, and to continue to work together on resolving outstanding trade issues, they added in the statement.
India and United States to increase dialogue on food, agricultural trade in 2023
The Yogi Adityanath government in Uttar Pradesh would set up a state-of-the-art 'Agri Mall' to facilitate the marketing of farm products in Lucknow during 2023, a government spokesman said. According to the government spokesman, the proposed seven-storey mall in Gomti Nagar would be spread over 8,000 square metre and would provide a robust market to the agricultural produce. The 'Agri Mall' is required so that the farmers get a fair price for their produce, branding of t...
Lucknow to get seven-storey `Agri Mall` in 2023
The Telangana government on Wednesday launched the 10th phase of Rythu Bandhu, the investment support scheme for farmers. Under this phase, Rs 7,676 crore will be deposited in the bank accounts of 70.54 lakh farmers towards investment support for Yasangi season. The state's Finance Minister, T. Harish Rao said on the first day Rs 607.32 crore was deposited in the accounts of 21,02,822 farmers holding up to one acre of land. The investment support is being disbursed at a rate of R...
Telangana launches 10th phase of Rythu Bandhu
Saffron grown in Kashmir valley is famous all over the world and is in great demand in the global market. An important part of the local culture in Kashmir, saffron tea is a special feast of Kashmir, and so is saffron 'harissa' during the winters. It is considered to be the most valuable spice in the world, that's why saffron is also called the 'Kashmiri Gold'. Ten grams of saffron sells for five to six thousand rupees. Tourists entering the valley may not take anyth...
Valley`s saffron is the Kashmiri gold
The Ministry of Agriculture on Thursday termed the crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) as the third largest crop insurance scheme in the World. It said that around 5 crore farmer applications are being received under the scheme every year. The acceptability of the scheme has increased amongst the farmers in the last 6 years, with the share of non-loanee farmers, marginalised farmers and small farmers increasing by 282 per cent since the initiation of the scheme i...
Farmers received Rs 1,25,662 cr so far against premium of Rs 25,186 cr, says Agriculture Ministry
Bangladesh Bank (BB) has worked out a 50 billion taka ($500 million) refinance scheme to ensure food security in the country as the banking regulator anticipates a possible global food crisis in the near future A BB circular issued on Thursday said the prices of several food items have gone up in the global market, which is why the central bank has created the fund for farmers to get low-cost loans, reports Xinhua news agency. Under the scheme, farmers will be able to take loans at an i...
Bangladesh central bank creates $500mn refinance scheme for food security
The 15th edition of CII Agro Tech India concluded on Monday that saw the participation of over 20,000 farmers with over 7,500 business queries of Rs 117 crore were received. The key message from the valedictory session of the four-day agri and food technology fair was that farming was a tradition, and passion for people in Punjab and Haryana. The power of research also needs to be given imputes. In his welcome address, Amit Thapar, Chairman, CII Punjab State and President, Ganga Acrowoo...
CII Agro Tech India concludes with over 7.5K biz queries of Rs 117cr
Rallis India is currently trading at Rs. 227.20, up by 10.70 points or 4.94% from its previous closing of Rs. 216.50 on the BSE. The scrip opened at Rs. 221.00 and has touched a high and low of Rs. 230.50 and Rs. 219.40 respectively. So far 106439 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 299.25 on 18-Jan-2022 and a 52 week low of Rs. 182.55 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Rallis India shines on reporting 26% rise in Q2 net profit
Technology is all pervasive. At present, people cannot imagine of any sector without technology and agriculture is no exception. In India the agritech sectors technological innovations are generating investment opportunities by increasing efficiencies and overall productivity. Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar, recently said the administration is constantly working to improve a lot of the nation's small farmers. The minister informed that the g...
India bets big on agritech, investors pump in money
Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government's new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports of broken rice and imposed a 20% duty on exports of various other types on Thursday as the world's biggest exporter of the grain tries to boost local supplies and calm prices after below-average monsoon rainfall curtailed planting...
India`s rice export curbs trap 1 million T at ports as buyers refuse to pay duty
The company reported standalone net profit of Rs 15.13 crore for the quarter ended June 30, 2022 as compared to Rs 14.31 crore in the same period last year, registering a year-on-year growth of 5.73 per cent. Net revenue of the company rose substantially by 46.40 per cent at Rs 475.34 crore in April-June quarter of this fiscal as against Rs 324.68 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 49.57 per cent to Rs 443.17 crore from R...
NACL Industries L Q1 net profit up 5.73% at Rs 15.13 cr
The company reported standalone net profit of Rs 12.20 crore for the quarter ended June 30, 2022 as compared to Rs 23.04 crore in the same period last year, registering a year-on-year decline of 47.05 per cent. Net revenue of the company declined moderately by 11.45 per cent at Rs 116.49 crore in April-June quarter of this fiscal as against Rs 131.56 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 1.52 per cent to Rs 97.86 crore from Rs 99...
JK Agri Genetics Ltd Q1 net profit down 47.05% at Rs 12.20 cr
Startup Incubation and Innovation Centre, the technology business incubator at IIT Kanpur, is launching the NIRMAN Accelerator Programme, supported by the Department of Science and Technology, Government of India. According to a release, the programme will focus on manufacturing startups engaged in healthcare and agriculture domains and help them overcome the challenges from their prototype to market journey. A total of 15 start-ups will be selected under the programme, where they...
IIT-K to aid startups engaged in health, agriculture domains
The Uttar Pradesh government will be launching a special drive to provide insurance coverage to farmers against potential crop damage. The drive, slated to begin from the first week of July by the agriculture department, will be flagged off by Agriculture Minister Surya Pratap Shahi. It will cover those development blocks which have lower farm insurance coverage under the Centre's ambitious PM Crop Insurance Scheme (PMCIS). According to UP government sources, till date, compensat...
Special drive in Uttar Pradesh to provide crop insurance to farmers
Indian Overseas Bank is currently trading at Rs. 17.05, up by 0.10 points or 0.59% from its previous closing of Rs. 16.95 on the BSE. The scrip opened at Rs. 16.95 and has touched a high and low of Rs. 17.10 and Rs. 16.90 respectively. So far 12000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.00 on 30-Jun-2021 and a 52 week low of Rs. 15.25 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
IOB gains on aiming to boost advances in retail, MSMEs, corporate and agricultural loans in FY23
NEW DELHI - Indian farmers have planted 1.96 million hectares with summer-sown rice so far, farm ministry data showed on Friday, down 46% from last year mainly due to a weak start to the monsoon. The outlook is better, however, as the monsoon has gathered steam. Summer rains have covered more than half of the country, with the rainfall deficit getting narrowed to 2% from 36%. The planting has just started, and the area under rice could go up with a pick-up in monsoon rains, said B.V. Kr...
India's rice planting down 46% from last year, likely to pick up
Calling upon the industry bodies like FICCI to work together for agricultural development, the Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar has said that the private sector should also join hands with the government to reduce the use of fertilizers and pesticides in farming. He added that the country is agriculture-oriented and farming has a big contribution in the country's economy. Tomar expressed need to take steps to increase the returns in the field of ...
Private sector should join hands with government to reduce use of fertilizers, pesticides in farming : Narendra Singh Tomar
Jain Irrigation Systems is currently trading at Rs. 41.85, up by 4.35 points or 11.60% from its previous closing of Rs. 37.50 on the BSE. The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 43.90 and Rs. 39.80 respectively. So far 3285722 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 53.50 on 13-Oct-2021 and a 52 week low of Rs. 24.80 on 23-Jun-2021. Last one week high and low of the scrip stoo...
Jain Irrigation trades jubilantly on planning to merge global irrigation business with Temasek-owned Rivulis
A hike in Minimum Support Prices (MSP) for the kharif crops were quite subdued on the back of Commission for Agricultural Costs & Prices' estimated cost increases, and it is not a real boost for the rural demand, said brokerage house Kotak Securities in a report. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif crops for marketing season 2022-23 by 4-9 per cent. "This (hike) bodes...
MSP hike unlikely to boost much rural demand, says Kotak Securities
Add-Shop E-Retail is currently trading at Rs. 90.55, up by 0.45 points or 0.50% from its previous closing of Rs. 90.10 on the BSE. The scrip opened at Rs. 90.80 and has touched a high and low of Rs. 91.75 and Rs. 88.55 respectively. So far 31480 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.55 on 21-Jan-2022 and a 52 week low of Rs. 37.06 on 07-Jul-2021. Last one week high and low of the scrip stood at Rs...
Add-Shop E-Retail gains on launching two new products in agriculture category
Dhanuka Agritech is currently trading at Rs. 721.75, up by 19.65 points or 2.80% from its previous closing of Rs. 702.10 on the BSE. The scrip opened at Rs. 733.00 and has touched a high and low of Rs. 735.10 and Rs. 717.00 respectively. So far 1579 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1053.15 on 06-Jul-2021 and a 52 week low of Rs. 635.20 on 24-Feb-2022. Last one week high and low of the scrip stood ...
Dhanuka Agritech surges on launching new products ZANET, CORNEX
The company reported standalone net profit of Rs 16.55 crore for the quarter ended March 31, 2022 as compared to Rs 2.49 crore in the same period last year, registering a year-on-year growth of 564.66 per cent. Net revenue of the company rose triple digit by 194.09 per cent at Rs 145.87 crore in January-March quarter of this fiscal as against Rs 49.60 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 161.32 per cent to Rs 112.08 crore f...
Madhya Bharat Agro Q4 net profit zooms 564.66% at Rs 16.55 cr
The Tamil Nadu Agriculture department has introduced two mobile tomato processing units to help farmers overcome fluctuating prices of the vegetable in Dharmapuri, the tomato hub of the state. The prices of tomato are now at an all time high with Thursday recording Rs 100 to 110 per kg of tomato. In December 2021, the price of tomato was Rs 90 per kilogram while in March 2022 it crashed to Rs 5 and Rs 7. In May 2022, the prices touched anywhere between Rs 100 and Rs 110 per kilogram. Th...
Tamil Nadu introduces mobile processing units in tomato hub Dharmapuri
Indrayani Biotech is currently trading at Rs. 30.50, up by 0.40 points or 1.33% from its previous closing of Rs. 30.10 on the BSE. The scrip opened at Rs. 30.45 and has touched a high and low of Rs. 30.60 and Rs. 30.35 respectively. So far 2863 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.45 on 05-Apr-2022 and a 52 week low of Rs. 4.75 on 31-May-2021. Last one week high and low of the scrip stood at Rs. ...
Indrayani Biotech trades higher on entering into MoU with Dindigul Farm Product
Record food grains production of 316.06 million tonnes (MT) is estimated, as per the Second Advance Estimates of production of major crops for 2021-22, released by the Agriculture and Farmers Welfare Ministry on Wednesday. This is higher by 5.32 million tonnes than production of food grain during 2020-21 and the production during 2021-22 is higher by 25.35 million tonnes than the previous five years' (2016-17 to 2020-21) average production of food grains, a Ministry statement said. ...
Record food grains production of 316.06 mn tonnes estimated
The Govind Ballabh Pant University of Agriculture and Technology, Pantnagar (GBPUA&T) has signed an MoU with an agro-chemical firm to jointly conduct research in crop protection chemicals and promote use of drones in agriculture. "A Memorandum of Understanding (MoU) was signed by Director of Experiment Station Dr Ajeet Singh Nain on behalf of the University, while Dr Ajeet Singh Tomar, vice president (R&D) signed on behalf of Dhanuka Agritech Ltd.," Dhanuka Agritech annou...
GB Pant University of Agriculture & Technology signs MoU for research to promote use of drones
Indias exports of agricultural and processed food products rose by more than 13 per cent during the first eight months of the current fiscal on a year-on-year basis. As per the data furnished by the Ministry of Commerce and Industry, export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit increased from $11.671 billion in April-November 2020-21 to $13.261 billion in April-November 2021-22. The target for exports under the APEDA ba...
India s Apr-Nov agricultural, processed food exports up 13%
The company reported standalone net loss during the quarter stood at Rs 15.26 crore as compared to net loss of Rs 11.02 crore in the previous year quarter. Net revenue of the company declined substantially by 59.73 per cent at Rs 4.55 crore in July-September quarter of this fiscal as against Rs 11.30 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 1.78 per cent to Rs 24.27 crore from Rs 24.71 crore in year ago period. Other Income g...
JK Agri Genetics Ltd posts Q2 net loss of Rs 15.26 cr
The Reserve Bank of India (RBI) in its latest data has showed that banks’ non-food credit growth accelerated to 6.8 per cent in September 2021 as against a rise of 5.1 per cent in the same period of last year. Loans to agriculture and allied activities registered a higher growth of 9.9 per cent in September 2021 as compared to 6.2 per cent in the year-ago period. Data further showed that credit growth to industry picked up to 2.5 per cent in September 2021 from 0.4 per cent in ...
Banks’ non-food credit growth accelerates to 6.8% in September 2021: RBI data
The recently-concluded normal monsoon season will provide a much-needed cushion to both India's agriculture and inflation in 2021-22, said India Ratings & Research (Ind-Ra) in a report. According to the report, the arrival of the new kharif output in the market, along with a cut in the import duties for edible oils, will help in keeping food inflation benign. However, the agency expects the retail prices of edible oils to stay elevated as nearly 56 per cent of the domestic deman...
Monsoon 2021 expected to rescue India's agriculture in FY22
In order to boost agriculture and allied sectors, Union Minister Shobha Karandlaje said that the Centre has infused Rs 1,31,000 crore with special emphasis on becoming an export-oriented economy as India has tremendous potential to satiate global demand. Karandlaje e-inaugurated various projects of the public works department, costing Rs 519.50 lakh and laid e-foundation stones of different projects worth Rs 198.2 lakh. She also inaugurated a pasteurised compost unit under the Trikuta mushroo...
Centre infuses Rs 1,31,000 crore to boost agriculture and allied sectors: Shobha Karandlaje
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