Media Monitor
Agriculture Industry
Government to boost maize production in Indiaedit
Business Standard – Online
Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare, Govt of India yesterday said that the popularity of maize is not only growing globally but also in India with its diversified use in many sectors including poultry and ethanol production. The government, under crop diversification is promoting farmers to increase maize production through various initiatives. The MSP of maize has been increased by 43 percent in last 8 years and with the increase in production the farmers are also getting benefited from this, he added. Addressing the 8th edition of ‘India Maize Summit 2022’, organized by FICCI, Tomar also assured the industry of government’s support to boost the maize sector. Speaking on the role of ...
India seeks WTO waiver to sell subsidised foodgrains in world marketedit
Business Standard – Online
India has formally proposed at the World Trade Organization (WTO) to allow members to sell foodgrains from their public stockholdings to weather the ongoing food crisis that has led to sky-rocketing inflation. “We need to look at the existing constraints in the Agreement on Agriculture that are coming in the way of augmenting (food) supplies during this crisis. And we know that there is no other substitute than augmenting the global supply at this moment,” India’s ambassador to the WTO Brajendra Navnit said last week. Existing WTO rules do not allow member countries to export subsidised foodgrains to the world market, as it may distort global food prices. India believes an exception needs to be ...
Competition
Escorts net falls 26% to Rs 202.2 crore in Q4FY22edit
The Economic Times – Online
Agri machinery and construction equipment manufacturer Escorts Friday reported a 25.5% decline in standalone net profit at Rs 202.2 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 271.3 crore in the corresponding period of the previous financial year. Total revenue from operations during the quarter under review fell 15.8% to Rs 1,861.4 crore, on the back of a decline in sales of tractors and construction equipment. Bharat Madan, Group CFO, Escorts Limited told ET, “Net profit last quarter declined due to the fall in sales volumes of both tractors and construction equipment. Margins were under pressure due to the sharp rise in input costs.” ...
The Evolution And Future Of Autonomous Mobility In Indiaedit
BW BusinessWorld -Online
The ability to move freely and relocate as individuals and communities has been an important characteristic of human evolution. From primitive ways of travelling, civilization has come a long way in innovating mobility. Today, disruption is the common thread running through the global mobility landscape. Automation, digitization and newer ways of travel are revolutionizing businesses and society. The Indian automotive industry is also experiencing the effects of this global disruption. Key Trends in India While mobility is progressing with technological innovations, public consciousness is also impacting traditional mobility to evolve into sustainable means. India is witnessing a shift in mobility trends with more and more consumers expressing interest in electrified and hybrid vehicles, as per Deloitte’s ...
Paddy in India
PR 126 paddy variety can save up to 7 bl cubic metres water in Punjab: PAU researchedit
Hindustan Times – Online
The late sowing of rice nursery, particularly the PR 126 paddy variety developed by the Punjab Agricultural University, could save up to 7 billion cubic metres of water and arrest the power and water crisis in the state, according to a research carried out by the varsity. The observations were made during the research and extension specialists’ workshop on soil and water conservation held at the university. As many as 450 soil conservation officers from across the state, farmers, district extension specialists, scientists from Krishi Vigyan Kendras and senior officials and faculty of PAU attended were part of the event. Dr AS Dhatt, director of research, said that the study carried out by PAU has ...
1.28L metric tonnes of paddy procured at DPCs from Maduraiedit
The New Indian Express – Online
The Civil Supplies Department has wrapped up samba season paddy procurement in Madurai, and as much as 1.28 lakh metric tonnes of harvested paddy was procured following cultivation in 41,498 hectares of area in the district. “Total 150 direct procurement centres (DPCs) were opened in the district especially for procuring samba paddy. Though the procurement activities went smoother in April-May compared to the activities in the earlier part of the harvest season that began in January, the off-seasonal rainfall posed a major hurdle for the Civil Supplies Department in carrying out the process,” a senior official from the department said. About 7,000 – 8,000 metric tonnes of paddy have already been sent for ...