Media Monitor
Agriculture Industry
Tractor makers in for a shock: Demand pick up no respite; sales to still slip 5-7% in FY20edit
While the ongoing slowdown has already taken a toll on vehicle sales of major car manufacturers, tractor makers may also find themselves a victim of the same as they are headed for a single-digit slip in sales in the current financial year. “Weak growth in rural income, moderation in rural infrastructure spending, higher channel inventory, and the effect of a high base will lead to de-growth in tractor sales volume,” CRISIL said in a report released this week. Tractor industry is cyclical and extremely dependent on rural incomes and monsoon, CRISIL added, and these factors were impacted in the second half of the last fiscal because of flat crop production, declining farm profitability which resulted in lower ...
Odisha govt to adopt new age technologies to improve farming qualityedit
With imprints of technology increasing in agriculture sector, Odisha government is set to adopt new ways to increase the quality of farming and farming products. In the draft Agricultural Policy of Odisha 2019, the state government aims to promote the use of IoT (internet of things) sensors to keep the real-time check on the supply and consumption of inputs like seeds, fertilizers and pesticides etc. Similarly, it will initiate measures for setting up technology system for automated grading and sorting of crops using robotics and machine vision. It will reduce efforts and wastage in the supply chain.
No urea shortage, claims Telangana’s Agriculture ministeredit
Agriculture Minister Singireddy Niranjan Reddy on Thursday said the death of a farmer in a queue in Dubbak, where he was waiting for urea, had nothing to do with the shortage of the substance. “The distribution of urea was going on in urea. Simultaneously, a truck was unloading additional bags. There is no shortage of urea in Dubbak; in fact, there is no shortage anywhere else in the State,” he said.
Subsidy on farm equipment: Bihar government invites applicationsedit
The agriculture department has invited online applications from the state’s farmers from 25 selected villages in 13 shortlisted districts for availing the subsidy on the farm implements that they would purchase under the sub-mission on agriculture mechanization (SMAM) scheme of the Centre or from the state governments own scheme in this regard.
US, China more divided than ever as new trade talks loomedit
Senior US and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
Since trade negotiations between the world’s largest economies broke down in May, both countries have added tariffs on billions of dollars of the others’ goods, broken good faith promises and traded public insults.
In The Offing: A Reform A Weekedit
On August 28, the PMO asked Niti Aayog CEO Amitabh Kant to be with Prime Minister Narendra Modi in the first half of day. He was asked to make himself available during the evening as well. Later in the day, at a Press briefing, Union Commerce Minister Piyush Goyal announced the much-awaited easing of sourcing norms for single-brand retailers. Also, 100 per cent FDI was allowed in coal mining and contract manufacturing. The Niti Aayog has long been a votary of FDI-led growth.
Budget
US, China more divided than ever as new trade talks loomedit
Senior US and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
Since trade negotiations between the world’s largest economies broke down in May, both countries have added tariffs on billions of dollars of the others’ goods, broken good faith promises and traded public insults.
Competition
Tractor makers in for a shock: Demand pick up no respite; sales to still slip 5-7% in FY20edit
While the ongoing slowdown has already taken a toll on vehicle sales of major car manufacturers, tractor makers may also find themselves a victim of the same as they are headed for a single-digit slip in sales in the current financial year. “Weak growth in rural income, moderation in rural infrastructure spending, higher channel inventory, and the effect of a high base will lead to de-growth in tractor sales volume,” CRISIL said in a report released this week. Tractor industry is cyclical and extremely dependent on rural incomes and monsoon, CRISIL added, and these factors were impacted in the second half of the last fiscal because of flat crop production, declining farm profitability which resulted in lower ...
In The Offing: A Reform A Weekedit
On August 28, the PMO asked Niti Aayog CEO Amitabh Kant to be with Prime Minister Narendra Modi in the first half of day. He was asked to make himself available during the evening as well. Later in the day, at a Press briefing, Union Commerce Minister Piyush Goyal announced the much-awaited easing of sourcing norms for single-brand retailers. Also, 100 per cent FDI was allowed in coal mining and contract manufacturing. The Niti Aayog has long been a votary of FDI-led growth.
Technology in Agriculture
Tractor makers in for a shock: Demand pick up no respite; sales to still slip 5-7% in FY20edit
While the ongoing slowdown has already taken a toll on vehicle sales of major car manufacturers, tractor makers may also find themselves a victim of the same as they are headed for a single-digit slip in sales in the current financial year. “Weak growth in rural income, moderation in rural infrastructure spending, higher channel inventory, and the effect of a high base will lead to de-growth in tractor sales volume,” CRISIL said in a report released this week. Tractor industry is cyclical and extremely dependent on rural incomes and monsoon, CRISIL added, and these factors were impacted in the second half of the last fiscal because of flat crop production, declining farm profitability which resulted in lower ...
Odisha govt to adopt new age technologies to improve farming qualityedit
With imprints of technology increasing in agriculture sector, Odisha government is set to adopt new ways to increase the quality of farming and farming products. In the draft Agricultural Policy of Odisha 2019, the state government aims to promote the use of IoT (internet of things) sensors to keep the real-time check on the supply and consumption of inputs like seeds, fertilizers and pesticides etc. Similarly, it will initiate measures for setting up technology system for automated grading and sorting of crops using robotics and machine vision. It will reduce efforts and wastage in the supply chain.
No urea shortage, claims Telangana’s Agriculture ministeredit
Agriculture Minister Singireddy Niranjan Reddy on Thursday said the death of a farmer in a queue in Dubbak, where he was waiting for urea, had nothing to do with the shortage of the substance. “The distribution of urea was going on in urea. Simultaneously, a truck was unloading additional bags. There is no shortage of urea in Dubbak; in fact, there is no shortage anywhere else in the State,” he said.
Subsidy on farm equipment: Bihar government invites applicationsedit
The agriculture department has invited online applications from the state’s farmers from 25 selected villages in 13 shortlisted districts for availing the subsidy on the farm implements that they would purchase under the sub-mission on agriculture mechanization (SMAM) scheme of the Centre or from the state governments own scheme in this regard.