Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More
Strong monsoon isn't always good news for farmers

India received the heaviest monsoon rain in 25 years. While rain usually cheers up the agricultural heartland, the erratic monsoon left many crops damaged.

What's causing surge in onion prices

Rather onion price making you cry? Onions are selling costlier than apples in the national capital. The wholesale price of onions at the vegetables and fruits market here is Rs 50 per kg, while the seasonal apple, of average quality, is available at Rs 30-40 per kg in the market. According to sources in agricultural produce market committee of Azadpur (APMC) mandi, the seasonal apple is selling at Rs 30-40 per kg. However, good quality apples are available at Rs 100 per kg

Do rich farmers need tax exemptions?

The CAG has found that agricultural income of nearly Rs 500 crore was allowed as exemption in 2017-18 by the income-tax authorities without adequate verification. Of the 6,778 scrutiny assessment matters it reviewed, the CAG found that in 1,527 cases, tax claims were allowed without verification of supporting documents (land records, crop information, invoices etc).

India finds an unlikely saviour in the cow

India’s second-biggest sugar producing region is facing an unusual situation: Attractive returns in the cattle-feed market are prompting farmers to sell sugar cane as fodder. That may cause sugar output in Maharashtra to drop below an earlier estimate of 6.44 million tons for the year starting in October.

Here's a happy farm story from a small Jammu village

Meet Bharat Bhushan of Khellani village in Doda district of Jammu and Kashmir. The farmer switched from maize to lavender for his 2 acre plot nearly 20 years ago and has never looked back. By this November, he will be adding another 10 acres. “I planted the crop for the first time in 2000 and the returns are four times what I used to get for maize,” he says. Lavender flowers are harvested and processed to obtain oil, dry flowers and other valueadded products.

India is the world's leading 'banana' republic

The advent of steam engine made possible the transfer of this perishable fruit to the American market. The commercial popularity of banana resulted in the formation of United Fruit Company in 1899.


Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service