Even in 10 metro cities, the sales are likely to drop by 50 per cent, jewellers body GJF said.
Above-normal rain in the crucial four-month southwest monsoon season will boost the prospects for strong harvests of rice, sugarcane and oilseeds.
The sown area under rabi or winter crops has fallen by 2.86 million hectare in the current fiscal, according to data released by the agriculture ministry.
India’s weather office plans to tie up with FM radio stations to give timely fog alerts in a bid to reduce disruption of business and normal life in the north Indian states.
Transport minister to also try convince the petroleum industry about the merits of biofuel, which it’s currently not too keen on.
The Centre has urged states to introduce an e-market platform within their territories so that farmers will be able to sell their produce in any of the mandis.
The electronic national agriculture market will cover 250 mandis (wholesale markets) by next September, ensuring free movement of farm produce from one market area to another, Agriculture Minister Radha Mohan Singh said.
Save Maharashtra and Karnataka, states fail to attract private investment in wholesale agriculture market
Apart from bringing modern machinery, technology and electronic platform, the investment would also have given a boost to the food processing sector.
The situation is particularly bad in the southern and western states, and could affect planting of crops and electricity production.
Most cooperative dairies in north and central India are now procuring 20-30% more milk every day than their annualised daily average.
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