Media Monitor
Agriculture Industry
Sonalika Tractors on a roll in August, sells 8,205 units to clock 80% growthedit
Sonalika Tractors has also done well in August and registered its highest-ever domestic growth of 80 percent with sale of 8,205 tractors as compared to 4,560 units in August 2019. Overall sales (domestic and exports) stood at 10,206 tractors in August 2020 as compared to 6,412 tractors a year ago.
Speaking on the performance, Raman Mittal, Executive Director, Sonalika Group, said, “The demand for tractors is on upsurge and I am happy that we are able to meet the growing demand.In August 2020,we have recorded highest ever domestic growth of 80% with overall sales at 10,206 tractors, making it the fourth consecutive month for us to have achieved a new record high and beating estimated industry growth of 73%. Our ...
COVID-19 effect: Sugar crop harvest faces potential delays, supply issuesedit
India is facing potential delays in the harvest of its massive sugarcane crop, threatening supply worldwide, as millions of migrant workers needed for the harvest may be scared to travel as coronavirus infections surge throughout the country. India’s sugar harvest begins in October, when other major producers are winding down. The country’s industry is not mechanized, however, relying on migrant workers to travel throughout the nation to cut cane. But with 3.7 million coronavirus infections, the third highest worldwide, there are fears that the harvest could act as a vector for further infections in India.
Another milestone for farm sector: Now, Kharif acreage at lifetime high; bumper harvest likelyedit
With a favourable monsoon this year, the agriculture sector has drawn the silver linings on the dark clouds of India’s severe economic stress. After a bumper rabi harvest, the acreage of the Kharif crops has skyrocketed to a lifetime high in the current year. The area sown for Kharif crops surged 7.2 per cent in only a year to 108.2 million hectares by 28 August 2020, according to the Centre for Monitoring Indian Economy. The area sown this Kharif season is higher by almost two million hectares, compared to the normal acreage for the Kharif season, which is 106.6 million hectares. On top of it, the sown area is likely to rise further by 2.5 to 3.5 ...
India’s sugar crop harvest faces delays with Covid-19 raging throughout nationedit
India is facing potential delays in the harvest of its massive sugarcane crop, threatening supply worldwide, as millions of migrant workers needed for the harvest may be scared to travel as coronavirus infections surge throughout the country.
India’s sugar harvest begins in October, when other major producers are winding down. The country’s industry is not mechanized, however, relying on migrant workers to travel throughout the nation to cut cane. But with 3.7 million coronavirus infect, the third highest worldwide, there are fears that the harvest could act as a vector for further infections in India
Will consistently export farm products without any disruption, India assures UN FAOedit
India has assured the United Nation’s Food and Agriculture Organisation (FAO) it will consistently export farm products without any disruption to ensure steady global supply during Covid-19 pandemic.
India’s agricultural export rose by 23.24% to Rs 25,553 crore during in March-June this year, while many countries suffered a disruption in output and supply.
New Telangana milestone: Mega crop acreageedit
Telangana reached yet another milestone this Kharif season by raising crops in a whopping 1.36 crore acres, which is the highest in the country, percentage-wise. That it seems to be slowly turning into the rice bowl of India is borne out by the quantum of the staple the Food Corporation of India sourced from the state during the last Rabi season—as much as half of the total procurement across the country.
Neglected Indian Farmers Drove Agriculture To 3.4% Growth While GDP Shrunk By 24% During COVIDedit
The Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY 21), marking the first contraction in more than 40 years as COVID-19 pandemic compressed consumer demand and private investments, government data showed.
Trade, hotels, transport and communication saw a dip of 47 per cent while manufacturing shrank by 39.3 per cent. The construction sector took a hit of 50.3 per cent as mining output struggled at 23.3 per cent, and electricity and gas dipped by 7 per cent mostly due to the lockdown triggered by the COVID-19 pandemic.