RABI CROPS PRIORITY
HUL shares rise 3% after Q2 results. Jefferies, Nomura cut target price but forecast 29% upside potential
Hindustan Unilever shares rose on Thursday after the FMCG major reported a 4% year-on-year increase in Q2 FY27 net profit to Rs 2,790 crore and 15% revenue growth to Rs 18,226 crore. Jefferies, Nomura and JM Financial cut their target prices but continue to see upside potential of up to 29%.
Uttar Pradesh turns to cattle to beef up rural incomes; ₹40,000 subsidy on offer per animal
Under UP State Livestock Mission, farmers buying eligible indigenous cows will receive a subsidy of Rs 40,000 per animal. The government will also pay 85% of the livestock insurance premium, leaving owners to bear the remaining 15%.
Maharashtra imposes minimum 10% water cut in urban, rural local bodies from Oct 16 amid deficient monsoon
Maharashtra will enforce a 10 percent reduction in water supply starting October 16 due to insufficient rainfall. The state has prioritized drinking water and will reserve it through August 31, 2027. Local bodies are instructed to prevent water leakage and maximize sewage treatment plant operation. Industries must recycle at least 30 percent of their water usage under new directives.
Delhi ITMS explained: How Centre’s Rs 1,789 crore plan aims to cut congestion across Delhi, Noida, Gurgaon & other neighbouring regions
Delhi will get a technology-driven traffic management overhaul after the Cabinet approved Rs 1,789.52 crore for an Intelligent Traffic Management System. The project will cover 42 corridors and use AI-enabled adaptive signals, automated enforcement, real-time congestion alerts and emergency vehicle priority to improve traffic flow, road safety and commuter information.
El Nino threatens rabi crops in rainfed areas, may affect foodgrain output: Agri Secy
The rabi season in India is expected to encounter difficulties due to the El Nino weather pattern. Agriculture Secretary Atish Chandra highlighted the challenges faced during the kharif season in rainfed regions. Crop diversification is needed for self-sufficiency despite research and income hurdles. Infrastructure modernization is crucial to prevent farm losses and ensure market access. A robust digital agriculture system is essential for accurate data utilization in crop production planning.
Government sells 4,000 tonnes of buffer onions across 17 cities in 10 days to cool prices
The government has sold approximately four thousand tonnes of buffer onions. This subsidized sale is occurring across seventeen cities to curb rising prices. Agencies NCCF and Nafed are distributing stored onions via rail and trucks. Onions are being sold at a subsidized rate of thirty-five rupees per kilogram.
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Maharashtra advises farmers to do fodder planning to avoid a potential shortage due to El Nino
Maharashtra farmers are urged to plan for fodder shortages due to El Nino. The Animal Husbandry Department advises cultivating nutritious, multipurpose fodder crops. Farmers should also preserve natural grass and store excess fodder as silage. This proactive approach aims to prevent a drop in milk production and ensure livestock health during potential feed scarcity from February to June 2027.
MSP hiked for wheat, pulses, mustard
The MSP for wheat has been increased by ₹110 to ₹2,125 per quintal, to help boost the production of the staple food grain and income of farmers. The increase has been the highest for lentils (masur), by ₹500 to ₹6,000 a quintal.
Government efforts to resolve problems in the farm sector: Tomar
He emphasised that, according to estimates, foodgrain production increased by 5 million tonnes in the 2020–21 crop year, reaching 315.7 million tonnes in the 2021–22 crop year (July–June).
Rallis India Q3 results: Net profit up 20% at Rs 46 cr
Total income of the company for the quarter under review went up by 6.33 per cent to Rs 578.11 crore compared to Rs 543.68 crore in the corresponding quarter of the previous financial year.
Farmers' welfare Uttar Pradesh government's top priority: Yogi Adityanath
The chief minister said as the Rabi crop in UP got ready for harvesting amid the lockdown, the state government set up 6,000 procurement centres to help farmers sell their produce and these centres functioned successfully adhering to all precautions.
Centre working with states to ensure procurement of rabi crops is not delayed: Tomar
Tomar, who is also the rural development minister, said over Rs 12,771 crore has been disbursed among over 6.39 crore farmers as part of the PM Garib Kalyan Package. Cash benefits announced for women with Jan Dhan account have also reached most of them, he noted.
Karnataka CM meets PM Modi; seeks early release of Rs 2,064 crore drought relief for rabi season
Kumaraswamy requested Modi to expedite the process to release Rs 2,064.30 crore for drought relief and mitigation, the statement said.
Uttarakhand CM Harish Rawat writes to FM Jaitley regarding demonetisation
Uttarakhand’s other demands include proper cash flow in the state’s currency chest and extension in the period of insurance cover to Rabi crops till February 15, 2016.
Banks with currency chest need to boost supply for crop: RBI
RBI also said there is a perception that banks with currency chests are giving priority to their own branches to supply cash and asked them to quell the misinformation.
Government to scale down insurance cover for crop insurance fraud
Besides imposing heavy penalty on rogue farmers, officials proposed that such farmers be debarred from the low-premium scheme for the season.
Karnataka drought: Central team to submit report next week
The state has informed that about 33% of the total Rabi sown area of 35 lakh hectare in the ongoing 2015-16 crop year has been affected due to drought.
Farmers Facing Worst Drought State Seeks Rs 1.4k crore from Centre
Farmers in Karnataka are facing an estimated loss of Rs 7,802 crore due to drought conditions that have destroyed almost all crops over the past four sowing seasons.
50 districts drought-hit, UP seeks Rs 2,058 crore relief
Relief funds are sanctioned to states only after an assessment of the damage by central teams. Since states' demands are invariably quite high, the Centre goes by the report of the team.
Hike in wheat MSP by Rs 75 a cruel joke on farmers: Amarinder
Congress leader Amarinder Singh today said the "meagre hike" of Rs 75 per quintal in Minimum Support Price of wheat was a "cruel joke" and "would not serve any purpose".
Poor Kharif returns may slash Rabi investments
Rain deficit and higher labour cost result in a drop in profit for summer-sown crops.
States SOS Centre as nation faces 3 mt urea shortfall
Imports won't come cheap as global prices have surged $100/T to $360/T in a year.
Naveen announces Rs 1095 crore loan assistance for farmers
Rattled by growing number of farmers’ suicide cases, the Naveen Patnaik government announced to provide Rs 1095 crore loan assistance to farmers to take up Rabi cultivation in a vigorous manner.
With 246 districts, almost half of India witnessing drought
Close to half of the country is reeling under drought or drought-like situation with the number of districts affected rising to 246.
PM calls for steps to check food price rise
Prime Minister called for immediate steps to arrest rising food prices, ensure adequate supply and enforce holding limits
Bihar flood destroys Rs 150-crore crop
Ravaging floods in Bihar have destroyed crops worth over Rs 150 crore so far and the figure could further rise in the coming days, a senior state government official said on Wednesday.
Maize prices zoom on US, China export restrictions
With the rise in demand in the export market because of the US and China cutting their outflow, the maize prices in the domestic market have started increasing exorbitantly in the last 15 days.
Fertiliser scarcity may nip Rabi crop
In a fresh blow to food security, there may be an impending shortage of fertilisers in the coming rabi season if India is unable to immediately buy close to 10 lakh tonnes (LT) more from the world market.
Orissa draws Rs 650 cr agriculture credit plan
Orissa government has drawn up a programme for extending Rs 650-crore agricultural credit during the coming rabi season.
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