Fertiliser subsidy arrear at Rs 33,691 crore, may touch Rs 60K cr by March: FAI
Out of this, Rs 20,853 crore is under DBT (Direct Benefit Transfer) and balance Rs 12,838 crore is other than DBT. FAI also pointed out that Rs 20,434 crore dues are pending for which bills have been generated but not paid and the balance Rs 13,257 crore are pending for which fertilizer companies are not able to generate bills.
Record paddy procurement on cards due to higher MSP, headwinds in exports
Paddy procurement in the current kharif marketing season till Thursday was 1.4 million tonnes higher than a year ago. As much as 23.5 million tonnes of paddy have been procured in the current season in Punjab, Haryana and Uttar Pradesh. The procurement is yet to gather pace in Andhra Pradesh, Telangana and Chhattisgarh, where harvest begins after mid-November.
Govt hikes MSP for wheat by Rs 85/qtl; pulses up to Rs 325/qtl
To encourage cultivation of pulses, the support price of masoor has been increased by Rs 325 to Rs 4,800 per quintal for this year from Rs 4,475 per quintal last year.
Govt proposes up to 7% increase in MSP for Rabi crops
The development comes ahead of the assembly election in the food bowl state of Haryana.
Cotton takes support at MSP as arrivals pick up
Cotton prices are not expected to spike from current price levels.
Haryana polls: INLD promises loan waiver for farmers, small traders; MSP with 50 per cent profit
The manifesto for the October 21 polls was released by the party's state president, Birbal Das Dhalia.
Cotton prices likely to fall further: Ind-Ra
There is a moderate recovery in apparel exports with the demand stabilising from the US.
Low inflation a self-inflicted policy wound
Once the NBFC crisis dried up the financing sources, consumption fell precipitously.
Cotton prices likely to fall below MSP
Along with slow yarn exports, a rise in cotton imports too weighed on cotton prices.
CCI looks to buy 10 million bales of cotton in 2019-2020
Prices are above the MSP at Rs 5,900 per quintal in north India.
Sugar firms' margins to benefit from higher realisations: Ind-Ra
Median interest coverage of major sector remained comfortable at 2.6x, although it fell YoY from 3.2x in 1QFY19.
Haryana floats scheme to check MSP crop spillage
The ‘Meri Fasal Mera Buyora’ scheme was triggered by a recent spike in arrival of crops from other states to Haryana mandis in lure of smooth government procurement and bonus to farmers.
India's wettest monsoon in 25 years could lift 2020 wheat output to record
The country received monsoon rains during the June-September season that were 10% above average and the rainfall continued during October and November, increasing soil moisture levels required for crop sowing. Rainfall also lifted the water level in India's key reservoirs to 86% of capacity compared to 61% a year ago and a 10-year average of 64%.
Modi Cabinet approves increase in MSP for kharif crops
In a major step to boost farmers' income, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an increase in the minimum ...
No proposal to fix MSP for milk: Government
Prices are decided by the cooperative and private dairies based on cost of production," Sanjeev Kumar Balyan said.
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