Media Monitor
Agriculture Industry
Paltry 44% of the total MoU signed for bringing investment to Maharashtra has materializededit
The ‘Vision-2030’ document presented before the state cabinet on Tuesday has revealed that only 44% of the total Memorandums of Understanding (MoU) signed for bringing investment to Maharashtra has materialised. Accordingly, around 20 departments, including agriculture and allied department, health, irrigation, education, social justice, industries, skill development, made presentation of ‘Vision-2030’ documents before the state cabinet chaired by chief minister Devendra Fadnavis in Mantralaya.
Fino Paytech, NABARD will deploy 5k micro ATMs for rural bankingedit
Payments and financial inclusion company Fino Paytech will be deploying 5,000 Aadhaar-enabled micro ATMs across villages in Haryana, Madhya Pradesh, Bihar, Gujarat and Maharashtra as part of National Bank for Agriculture and Rural Development’s (NABARD) push for rural banking.
App to replace middlemen, help farmers directly list produceedit
The free Android app allows farmers to freely list their produce and allows potential sellers to go through them. “Marketyard — an app-based listing solution — allows the farmer to free list and eliminates the role of middlemen completely,” he said. “After tremendous hard work, when farmers take their produce to wholesale markets, middlemen block proper price realisation.
Wheat procurement up 14%edit
The Centre’s wheat procurement has gone up by 13.74 per cent to 119 lakh tonnes so far in the 2017-18 marketing year on higher purchases from Punjab and Haryana. Although the wheat marketing year runs from April to March, the bulk of procurement is done in the first three months.
Normal monsoon will boost agricultureedit
India Meteorological Department’s (IMD) prediction of a “normal” monsoon this year will boost agriculture growth and will soothe the nerves of investors and markets. Earlier there were reports by private forecasters that monsoon this year may be below normal due to an evolving El Nino phenomenon. A normal monsoon will help GDP growth and will also ease food inflation.
Technology in Agriculture
Tractor loans could see rise in delinquency rates: Fitch reportedit
Tractor loans could see a rise in delinquency rates as a result of political pressure for farmers to be granted waivers on agricultural loans, Fitch Ratings said in a report on Tuesday.
First IOT cluster in India may come up in Puneedit
The first of its kind Internet of Things (IoT) cluster is slated to come up in Pune. A proposal for the S L Kirloskar Centre of Excellence for IoT for companies working in the Industry 4.0 is being put before the government by a consortium of start-ups, industry associations, solution providers and manufacturing industry.
Why Escorts’ stock may continue to ride highedit
Mid-caps have been in favour for a long time, and many of them have done well for reasons well justified. With mid-caps no longer cheap, it is imperative that investors look at solid reasons to invest in them at current levels. One case that stands out, looking at its past performance and the road ahead, is Escorts.