AGRI PROJECTS
Union Budget 2024 will likely focus on women, middle-class and agri sector
BUDGET EXPECTATIONS: Narendra Modi's third-term Budget, slated for July 23, focuses on leveraging revenue growth and RBI dividends for infrastructure and targeted sectors. The session will also introduce non-legislative reforms. The Economic Survey will precede, highlighting achievements and future plans. Sitharaman aims to tackle inflation, unemployment, and regional disparities with tax measures and social benefits, aiming for a fiscal deficit of 4.5% amid robust GDP projections.
DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boost Gati Shakti plan
The 72nd meeting of the Network Planning Group in New Delhi evaluated major infrastructure projects under the PM Gati Shakti National Master Plan for multi-modal connectivity, involving ministries like MoRTH, MoR, and MoHUA.
ETMarkets Smart Talk: Agri, consumer durable & insurance could be dark horse of FY25: Kush Gupta
Elections in the past have always led to sharp movements pre and post-event, but history has shown that the markets finally stabilize one to six months post-event.
Agri firm Samunnati gets Rs 133 crore debt funding from Blue Earth
Samunnati raises Rs 133 crore from Blue Earth Capital to expand initiatives for small farmers' climate adaptation and sustainability projects.
PV Sindhu invests in biofortified staples brand Better Nutrition
PV Sindhu, Indian badminton player, has injected an undisclosed amount in Better Nutrition, a biofortified staples brand from Greenday that offers agri-input services such as biofortified seeds, fertilisers and agronomic practices.
Indian economy likely grew at a 4-quarter low in Q4: ICRA
Economists predict India's economy to grow at a four-quarter low of 6.7% in Q4FY24. The growth in 3 FY24 was 8.4%. Agricultural GVA is likely to contract for 2nd straight quarter, amid rabi output concerns. Overall GVA growth expected to ease to 5.7% in Q4, driven by industrial and services sectors. ICRA forecasts FY2024 GDP and GVA growth at 7.8% and 7.0%, respectively.
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Third eye: Jolted out of slumber, there’s a lot in a name, ready for ranking
Politicians try to catch a wink in between their busy schedules. But recently Raju Waghmare, a former Congressman who is now in Shiv Sena, dozed off right in the middle of a press conference addressed by Neelam Gorhe in Shirdi.
Dvara E-Registry, IRRI unveil FPOs in Odisha to empower women farmers using eco-friendly agri practices
This collaboration looks at broadening the scope of agricultural production among small and marginal women farmers as well as improving their socio-economic status.
India better prepared than Pakistan to handle climate shocks in wheat crop: Agri scientists
One of the reasons behind Pakistan still being dependent on imports to meet domestic requirements is its failure to develop indigenous varieties of climate-resilient seeds.
If monsoon is good, it should be good for all agri businesses: Nadir Godrej, Godrej Agrovet
Nadir Godrej is optimistic about cattle feed and aquafeed segments, emphasizing premium, efficient products with R&D results for sustainability. Muted margin performance may be affected by the hot summer, but good monsoon projections offer hope for the future. Nadir Godrej says: " because of the high quality of our feeds, we expect the margins will be quite good."
Adani Total Gas shares jump 8% after subsidiary commissions biogas plant in Mathura
Adani Total Gas shares rose 8% on NSE to Rs 1,000 after its subsidiary, Adani Total Energies Biomass Limited, commissioned phase 1 operations at Barsana Biogas Plant in Mathura. The plant will process waste to generate CBG and organic fertiliser.
Google pilots project to validate its AI model for AnthroKrishi
Google's AnthroKrishi AI model assists in sustainable farming by mapping field and water boundaries, monitoring crop growth. It aims to revolutionize agriculture practices in India and APAC regions by providing valuable farm data for financial and governmental decisions.
Avaada Energy secures 1,140 MW agri solar projects in Maharashtra
Avaada Energy secures decentralised agricultural solar projects in Maharashtra, investing Rs 5,000 crore. The 1,140 MW projects will provide uninterrupted power supply during the day, benefiting farmers and reducing the state's electricity consumption.
PM to inaugurate Rs 5000 crore Agri-economy project, Hazratbal shrine development project in Srinagar on March 7
Prime Minister Narendra Modi will visit Srinagar on March 7 to inaugurate the Holistic Agriculture Development Programme and the integrated development of Hazratbal shrine. The visit also includes the launch of tourism sector projects and the distribution of appointment orders to new government recruits of J&K.
Vedanta Aluminium’s 'Jeevika Samriddhi Project' plans to empower agri-entrepreneurs in Odisha
It said that the company's flagship project has elevated the lives of over 400 farming households in its initial phases. With the third phase underway now, the project aims at empowering an additional 500 farming households in the villages of Parmanpur, Kumudapali, and Dalki in Jharsuguda district.
G-33 ministers call for meaninful outcome on agri negotiations at World Trade conference in Abu Dhabi
Ahead of the World Trade Organization's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, the G-33 group, including India, has urged members to achieve an outcome on public stockholding for food security purposes. The G-33, representing 47 developing and least developed countries, emphasized the need for a rules-based, non-discriminatory, and transparent trading environment to address global food security challenges.
NABARD projects priority sector credit target of Rs 3.97 lakh cr for Karnataka in 2024-25
"Of the total, the share of agriculture sector including agri-infrastructure and ancillary activities is Rs.1.85 lakh crore (46 per cent), MSME sector is Rs.1.58 lakh crore (40 per cent) and other priority sector activities is Rs.0.54 lakh crore (14 per cent)," a statement issued by NABARD quoted him as saying.
Amit Shah to launch computerisation projects for agri, rural dev banks, Registrar of Coop Societies
Union Cooperation Minister Amit Shah will launch a computerization project for agriculture and rural development banks and Registrar of Cooperative Societies. The initiative, in collaboration with the National Cooperative Development Corporation, aims to modernize the cooperative sector, enhance efficiency, and bring the entire ecosystem onto a digital platform. The project includes computerizing ARDBs in 13 states/UTs, linking them to NABARD, and promoting paperless functioning in RCS offices, fostering transparency, efficiency, and better access to real-time data for monitoring agricultural schemes.
4 ways Budget 2024 can boost food and agriculture sector in India
In FY24, the Government allocated about 1.9% of the total Union Budget to the Agriculture and Allied sector, and about 1.3% was designated to support small and marginal farmers through the PM KISAN Yojana.
GTRI says 51.5% agri exports from just 5 products makes sector vulnerable to global prices, demand
At present export of non-basmati rice is currently banned from India and India is also fighting at the WTO (World Trade Organisation) to protect subsidies to rice and wheat under a public stock holding programme.
Gram Unnati partners with Uttar Pradesh govt for agri transformation
Spanning a timeline of three to five years its overarching goal is to elevate farmer incomes and preserve vital natural resources. The primary objectives are to significantly enhance farmer incomes by 15% to 25% and to conserve crucial natural resources, including reducing water usage for irrigation by an impressive 60% to 80%.
Electronics technology- mechanism to boost agriculture sector: MeitY Secretary Krishnan
Krishnan emphasized on the transformative potential of technology in the agricultural sector and highlighted the importance of employing technology in an ethical and inclusive manner for the advancement of society.
Bihar Business Connect-2023: 300 companies including Adani, BPCL sign MOUs for investment of Rs 50,530 cr
“In a landmark achievement, 300 companies have signed Memorandums of Understanding (MOUs) for investments totaling 50,530 crore rupees, showcasing Bihar's growing attractiveness as a key business destination,” said the press note.
NBCC bags Rs 1,500 cr consultancy work to construct of 1,469 warehouses, other agri-infra projects
State-owned NBCC has secured a Rs 1,500 crore project management consultancy contract for the construction of 1,469 warehouses and agriculture infrastructure in India. The work order was awarded by the National Cooperative Development Corporation and Primary Agriculture Cooperative Society.
Bihar Business Connect-2023: MoUs worth Rs 10,304.91 crore signed with 15 key industries
The Director of the Food Processing and Industries Department, Vivek Ranjan Maitrey, highlighted the prospects of setting up industries in the food processing sector in Bihar.
Stock market update: Nifty Realty index falls 0.4% in an upbeat market
The Nifty Realty index was trading 0.4 per cent down at 504.25.
Stock market update: Nifty Auto index falls 0.09% in an upbeat market
The Nifty Auto index was trading 0.09 per cent down at 14806.3.
Stock market update: Nifty Realty index falls 2.13%
The Nifty Realty index closed 2.13 per cent down at 423.5.
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