TRADE WAR IMPACTS ON FARMERS
Exporters get six more months of risk cover amid West Asia turmoil
The Centre has extended the RELIEF initiative to March 31, 2027, to assist exporters. This scheme provides risk coverage to exporters facing higher shipping and insurance costs. Eligible exporters can receive 95 percent coverage and protection against rising insurance premiums. Exporters must submit claims through the Export Credit Guarantee Corporation's customer portal to benefit. The extension aims to support trade flows amid ongoing geopolitical tensions in West Asia.
India appears better stocked for West Asia crisis, but oil shock threatens
In West Asia, tensions are affecting energy and fertilizer supplies, prompting adjustments by the Indian government. Freight costs have surged to unprecedented levels due to rising insurance and shipping difficulties, impacting global supply chains. Current crude prices are the highest in twelve years, straining Indian refiners and state-run retailers. The government faces challenges with increasing fiscal and current account deficits due to rising import costs.
From field to market: The farmer without a title
UN has proclaimed 2026 as the International Year of the Woman Farmer, shining a light on the importance of recognising female farmers. In India, women make up over 45% of the agricultural labour force, yet they encounter hurdles relating to land rights and income disparities. Maharashtra's recent laws aim to empower women in agriculture, but a nationwide application is critical.
Donald Trump-Republicans or Democrats -- Who will win US Midterm elections 2026? Here's what survey polls say with 10 days to go
US midterm elections 2026: Out of 435 seats in the House of Representatives, Republicans have 218 seats, Democrats have 214, Independents have 1 and there are two vacancies.
Four ways US foreign policy could change if Democrats win in November
Nonpartisan analysts predict that Democrats could gain control of the US House and possibly the Senate. If successful, they could restrict President Trump's foreign policy actions regarding Iran and Ukraine and other nations. Democrats may seek to limit significant military aid to Israel and raise issues surrounding military spending. Many Democratic lawmakers are unhappy with Trump's budget choices and foreign aid cuts.
Karnataka DyCM Parameshwara urges Centre to release relief funds as crop losses reach 80 pc due to drought
Karnataka is facing a critical drought, leading to alarming crop losses approaching 80%. In response, the government has begun processing compensation to support the devastated farmers. Deputy Chief Minister G Parameshwara urged for immediate action to tackle food grain production challenges and called for unity among political figures to request further aid from the central government.
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Operation Sindoor enters US Midterms as Trump boasts mediation
During a rally in Florida, Trump claimed he stopped a potential war between India and Pakistan through tariffs. He expressed that these actions prevented escalation following the Pahalgam terror attack. Trump mentioned the shooting down of eleven planes as evidence of conflict, which he alleges he resolved without UN involvement. Despite his assertions, India has consistently rejected Trump's claims of brokering peace between the two nations.
Centre beats March 2027 target, issues 11 crore unique farmer IDs under AgriStack
The Indian government has successfully created 11 crore unique Farmer IDs under the AgriStack framework. This achievement was completed ahead of the scheduled deadline, enhancing transparency and efficiency for farmers. Farmers will only need their unique ID to access various government schemes and benefits. Union Agriculture Minister Shivraj Singh Chouhan highlighted the significance of this milestone for Indian agriculture.
'Told them we will put 250% tariffs...': Trump reiterates claim of India-Pakistan ceasefire through tariff threat
Donald Trump addressed a rally, asserting he halted hostilities between India and Pakistan with trade tariff threats. He claimed that his ultimatum led to both countries de-escalating their military actions. India, however, disputed Trump's assertions, particularly about aircraft losses during the conflict. The Indian government has consistently rejected any external mediation regarding its military operations.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Meet Beth Ford, who earned $2 an hour detasseling corn before becoming the first openly gay woman to lead a Fortune 500 company
Beth Ford earned $2 an hour detasseling corn in Iowa at age 12. Decades later, she became the first openly gay woman to lead a Fortune 500 company as CEO of Land O’Lakes, bringing her career back to the agriculture industry.
World shares are mixed after Wall Street's AI-related losses, while oil prices jump
Global stock markets displayed a mix of outcomes while oil prices surged due to escalating tensions in Iran. Brent crude soared past $114 per barrel, suggesting growing unease within the energy sector. In the U.S., tech giants like Nvidia and Meta Platforms saw significant declines, raising worries about economic repercussions. Concurrently, U.S.
Union agriculture minister launches campaign to promote sustainable farming
Union Agriculture Minister Shivraj Singh Chouhan has inaugurated the 'Khet Bachao Abhiyan,' a campaign dedicated to advancing sustainable farming techniques across the nation. Its goals include enhancing soil health and encouraging efficient resource use.
India, Poland push for stronger trade and defence ties
India and Poland are strengthening their collaboration in various sectors, particularly defence and space. Prime Minister Narendra Modi and Polish counterpart Donald Tusk discussed trade enhancement and global governance reforms. Both leaders expressed concern over the ongoing war in Ukraine and its humanitarian impact. They emphasized the importance of a comprehensive peace in line with international law. Tusk reiterated Poland's support for India's position in global forums like the UN.
Chana sowing holds key to pulses inflation
Chana, India's most consumed pulse, which is central to making everything from salty snacks to nutritious meals, needs adequate soil moisture and cool weather for a good crop. Sowing has started in some regions, but the progress is slow. State advisories to conserve water and shift to less water-intensive crops have added to concerns over winter sowing.
Civic Studios announces three releases spanning climate, sex education and women’s boxing
Civic Studios is set to release three films focused on important social issues in the coming months. Spice & Soul is their first climate microdrama which showcases food waste and local sourcing. Little Thomas aims to provide sex education through a child's perspective and will be released in Indian cinemas. In The Shadows, a biopic about boxer Ramla Ali, explores themes of identity and resilience.
Hormuz war risk pushes crude shipping costs sevenfold, squeezes refiners' margins: Goldman Sachs
Global crude oil freight rates are rising due to war-related risks in the Strait of Hormuz and increased ship-to-ship transfers. Goldman Sachs reports that shipping costs are significantly higher than they were a year ago. Asian refiners are particularly pressured, facing potential profit margin reductions as they may pass costs to consumers. The increased freight costs could lead to lower refined fuel output and rising global fuel prices.
Reinventing the pond: How this Bengal start-up is helping fish farmers battle climate and credit crisis
At a time when climate change is impacting world resources, including the aquatic system, Jalpaiguri’s Essential Aquatech is working to empower smallholder fish farmers by turning data into actionable insights and measures.
Israeli forces detain US congressional candidate Brad Lander at West Bank harvest, released soon
Israeli forces detained U.S. Congressional candidate Brad Lander while he assisted Palestinian farmers with their olive harvest. The military stated the harvest lacked proper coordination, viewing it as a security risk. Lander expressed concern over the detentions and emphasized the right to harvest olives. Several other volunteers, including American rabbis, were also detained during the incident. The situation reflects ongoing tensions regarding Palestinian land access and Israeli military control.
Why is Trump giving farmers $8 billion as diesel hits $6.53 a gallon? Can one-time aid cover harvest costs before the midterms?
Trump announces $8 billion aid package for farmers: American farmers are heading into harvest with diesel costs putting fresh pressure on their budgets. Donald Trump has announced $8 billion in one-time aid to help cover the expense. But with diesel reaching $6.53 per gallon in September and midterm elections approaching, how much relief will farmers actually receive?
ECB says AI, greener economy help euro zone weather energy shock
Despite facing substantial energy challenges from escalating oil and gas prices, the euro zone economy has shown resilience in growth. Economists from the European Central Bank attribute this to reduced fossil fuel reliance and enhanced fiscal support. Additionally, advancements in AI and technology exports have fueled the region's economic expansion. Nevertheless, caution is advised as these benefits may prove temporary, with ongoing geopolitical tensions posing significant risks to future stability.
From $8 billion in farm aid to $5,000 checks and Medicare payments: What Trump’s latest financial promises mean for Americans ahead of the midterm elections
US President Donald Trump has proposed an $8 billion relief programme for farmers struggling with diesel costs. This financial support aims to assist producers during the 2026 harvest season amidst rising production expenses. Additionally, he suggested sending $5,000 checks to adult citizens if Republicans maintain congressional control. Meanwhile, a one-time payment to Medicare beneficiaries has also been announced separately.
US Stocks: GE Aerospace raises 2026 profit forecast as services strength drives growth
GE Aerospace has increased its 2026 adjusted earnings forecast due to continued demand for engine maintenance. The demand for spare parts remains high, which supports their financial outlook. Airlines are facing rising fuel costs due to disruptions in oil supply and are adjusting their capacity accordingly. Despite potential pressures on flight schedules, GE Aerospace's revenue from services is expected to remain strong.
As France erupts, Europe's far right gains from fuel-price anger ahead of elections
The tractors rolling into the town of Gela on the southern tip of Europe are flying the Sicilian flag, emblazoned with Medusa, three bent legs and ears of wheat, a reminder of the island's role as a breadbasket
HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years
HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region.
Trump claims 'great progress' in Russia-Ukraine negotiations; accuses Zelenskyy of not making better deal 2 years ago
US President Donald Trump asserts that negotiations for peace between Russia and Ukraine are progressing well. He criticizes Ukrainian President Volodymyr Zelenskyy for not securing a better deal two years ago. Trump suggests that current Ukrainian attacks are damaging global diesel markets and benefiting Russia. Additionally, Zelenskyy reacts to US sanctions relief, expressing concern about increased Russian aggression.
What is holding up the US-India trade deal?
US Secretary of State Marco Rubio will visit India next week to strengthen bilateral relations and discuss trade issues. His meetings will take place in Mumbai and Jamnagar, focusing on investment and energy. The two countries have faced considerable delays in finalizing a trade agreement due to several ongoing challenges.
WTO chief sees lasting impact on trade from Middle East war and geopolitics
The World Trade Organization projects significant declines in both imports and exports due to these challenges. Companies are revising their supply chain strategies and exploring new trade corridors.
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