FARM LABOURERS
Rupee nudges up on lower US bond yields, forward premiums rise
Pressure on the yen and yuan had kept Asian currencies on the defensive over recent trading sessions but soft U.S. economic data on Wednesday helped ease the depreciation pressure.
Gold gains on softer dollar ahead of US Fed minutes
Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell, with investors now turning to minutes from the U.S. central bank's latest policy meeting to gauge future interest rate cuts.
In the UK election campaign's final hours, Sunak battles to the end as Labour's Starmer eyes victory
Rishi Sunak, the current UK prime minister, is facing a national election on Thursday, marking the end of his 20-month tenure and the four Conservative prime ministers before him. The Labour Party is expected to elect a government that has not been in power since 2005. Sunak has expressed confidence in the outcome of the election, stating that things have turned a corner. Labour leader Keir Starmer has been campaigning for change, urging voters to support his center-left party.
Employer arrested for Indian farm worker's death in Italy
Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.
Italian PM Giorgia Meloni pays homage to Indian farm worker Satnam Singh in parliamentary address
Italian Prime Minister Giorgia Meloni recently honoured Satnam Singh, an Indian farm worker who tragically passed away after his employer abandoned him on the roadside following a severe injury. "These are inhumane acts that do not belong to the Italian people. I hope that this barbarity will be punished harshly," said Meloni.
Private consumption seen growing, concerns on capex growth: Morgan Stanley Research
Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre-pandemic trend and remains below the pre-pandemic average of 6.3% in 2019.
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Denmark will be first to impose CO2 tax on farms, government says
A tax was first proposed in February by government-commissioned experts to help Denmark reach a legally binding 2030 target of cutting greenhouse gas emissions by 70% from 1990 levels.
Indian farm labourers march to end 'slavery' after worker death shakes Italy
Thousands of Indian farm laborers in Italy demand an end to "slavery" after the tragic death of Satnam Singh, who lost his arm in a work accident. Exploitation of undocumented migrants in agriculture sector sparks outrage and calls for justice and better working conditions.
Mass entrepreneurship movement: How India's economy is getting reshaped
India's mass entrepreneurship movement, supported by cross-sector partnerships, aims to create 90 million non-farm jobs by 2030.
Budget FY25: Central trade unions call for scrapping of four Labour Codes and the new pension scheme
In their pre-budget meeting with finance minister Nirmala Sitharaman on Monday, the joint platform of 10 central trade unions, barring the Bhartiya Mazdoor Sangh, suggested government to enhance resource mobilization through enhanced corporate tax and wealth tax, raise the ceiling limit for the income tax rebate for the salaried class, set up the social security fund and fill up all the existing vacancies in the central government departments and public sector undertakings with regular employment while doing away with contract jobs.
Indian farm worker dies in Italy without medical help after arm severed by machine
Satnam Singh, a 31-year-old Indian worker in Italy, tragically died after his arm was severed by heavy farm machinery. His employer, Antonello Lovato, left him without medical assistance, resulting in his death. Italy's Minister of Labour, Marina Calderone, described the incident as an act of barbarity.
Retail inflations for farm, rural workers remain almost flat in May
Retail inflation for agricultural labourers and rural workers in India remained flat at 7.7% and 7.02% in May, respectively, compared to 7.03% and 6.96% a month ago. The point-on-point inflation rate for CPI-AL was recorded at 7.0% in May 2024, while for CPI-RL, it was at 7.02%. The main items driving the indices were vegetables, pulses, wheat, onion, milk, turmeric, ginger, fish fresh, jowar, pan leaf, medicines, shirting cloth, saree, and leather chappal.
JM Financial finalises investment of Rs 40 cr in Modish Tractoraurkisan
JM Financial Private Equity has finalised an investment of Rs 40 crore in Modish Tractoraurkisan Pvt Ltd, a farm equipment company. The company sells its products under the brand name Balwaan. This investment will drive the company's brand-building initiatives, enhance marketing efforts, support working capital needs, and expand the distribution network, ensuring Balwaan's continued growth and leadership in the farm equipment industry.
What will be the key focus areas in the Budget? Ajay Bagga answers
Infrastructure building, indigenisation on imports of institution as well as raising the levels of employment, rural demand, I think all those will remain focus areas.
Asian stocks build on Wall St records after US inflation data
Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed later in the day released its keenly awaited "dot plot" outlook for interest rates, which showed that decision-makers saw just one cut this year -- down from three predicted in its previous guidance in March.
Dollar clings to eight-week low ahead of payrolls test
The dollar's performance is influenced by ECB President's stance on easing, Bank of Japan's upcoming policy decision, and foreign exchange intervention concerns.
Crisis in the fields: Experts say long-term solutions only way for agriculture sector to survive heatwave
Heatwaves in north India are impacting agriculture, causing heat stress in crops and reducing yields.
Dollar hovers near 8-week low as payrolls test looms
The U.S. dollar index remained stable near 104.13, hinting at a potential 0.5% decline for the week due to expectations of Fed rate cuts. Traders anticipate a softer non-farm payrolls report, possibly below the 185,000 forecast.
Haryana govt removes age limit cap on scheme for farmers, farm labourers
The Haryana government has removed the age limit cap on the 'Mukhyamantri Kisan Evam Khetihar Mazdoor Jeevan Suraksha Yojana,' extending benefits to children under 10 and individuals over 65. Financial aid of Rs 37,500 to Rs 5 lakh will now be available for farmers, agriculture laborers, and market yard workers in case of death or disability while operating agricultural machinery. The decision was taken during a meeting chaired by Chief Minister Nayab Singh Saini.
Lok Sabha Results: Will a fractured mandate for NDA impede new govt's infra and capex push?
The 2024 Lok Sabha elections deliver a fractured mandate, influencing economic reform outlook. Experts recommend focusing on public capex and high-tech sectors for growth. Tanvee Gupta Jain predicts fiscal leeway for populist spending, supported by progress in implementing labor laws.
Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks
Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land. Additional recommendations include infrastructure investment, judicial reforms, enhancing export competitiveness, and further tax reforms, particularly bringing petroleum and power under GST.
In Punjab, drug problem 'exists even today, increasing', says Rahul Gandhi
Rahul Gandhi, addressing a rally in Ludhiana, highlighted the Congress's promises for Punjab, including the Mahalakshmi scheme and farm loan waivers. He also emphasized the need for strict action against the drug problem in Punjab, which he said was increasing. Gandhi criticized the BJP government, accusing it of wanting to change or scrap the Constitution if it wins the election and of benefiting big businesses at the expense of small traders and businesses. He also criticized the Agnipath scheme, calling it an insult to the army, and promised to repeal it if Congress comes to power.
BJP's '400 paar' claim 'bakwas', won't cross 200 seats: Mallikarjun Kharge
Congress president Mallikarjun Kharge dismissed the BJP's '400 paar' claim as "bakwas" (nonsense), predicting the party won't surpass 200 seats in the upcoming Lok Sabha polls. In Amritsar, Kharge highlighted BJP's weakening presence in several states and reiterated Congress and INDIA bloc's growing influence and election promises, including farm debt waivers and job creation.
Normal southwest monsoon augurs well for food production, easing price pressures, says FinMin in monthly review
In its review, the Finance Ministry also reiterated its faith in India's ability to deal with adverse pressures from geopolitical tensions, while continuing to make progress on its growth numbers. "The positive indications in the farm sector should help India firewall against any adverse pressures that may arise from geopolitical tensions and global commodity prices," the review from the Finance Ministry said.
Best Seeder Machines for Agriculture in India for Improved Seeding Process (2024)
Are you looking for ways to stop seeding manually? If so, then continue reading this article to learn about the best seeder machines for agriculture in India. These machines will help you eliminate manual seeding enhancing speed while eliminating excessive fatigue resulting in enhanced productivity. Check out the options, find the one that suits you and place your order using the buying link shared in the article below.
Best Milking Machines for Cows in India for Fast & Pure Milk (2024)
Are you looking for a cow milking machine? If so, then continue reading this article where we have curated a list of the best milking machines for cows in India. These machines will help your cow farm become smart and efficient, reducing your labour while increasing your output. Place your order using the given buying links in the article.
Growth gems well positioned; large businesses to drive significant growth: Anish Shah, Mahindra Group
EV made a lot of sense because the expertise that we can get globally will help our businesses and which is why we were open to getting partners and they have added a lot of value in terms of what they bring and in other businesses, in growth gems in particular, we can look for global partners where we can get their insights and their guidance to be able to grow the business faster.
Retail inflation for farm, rural workers eases marginally in January
Food inflation stood at 9.67 per cent and 9.43 per cent last month as compared to 9.95 per cent and 9.80 per cent in December 2023 and 6.61 per cent and 6.47 per cent in the year-ago period, a labour ministry statement said.
Shift of labour to non-farm jobs: Why it's high time to reform India's job-creation laws
India aims to reduce agriculture's 'self-exploitation' through non-farm jobs. This requires addressing problems with job laws, promoting direct benefit transfer, improving infrastructure and human capital, and reforming social security and labor codes.
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