RURAL
India's FMCG sector to see revenue growth of 7-9 pc in fiscal 2024: CRISIL
CRISIL forecasts 7-9% revenue growth for the FMCG sector in the current fiscal year, driven by increased volume and rural demand recovery. The report highlights stable product prices in personal care and home care, while food and beverages face modest raw material cost increases. Rural growth is bolstered by better monsoons and government initiatives, while urban demand remains robust due to rising incomes and premium product preferences
After a broad-based rally, it's time to be stock-specific: Anshul Saigal
The market rally calls for a stock-specific approach with caution due to high valuations, says Anshul Saigal of Saigal Capital. FMCG companies focusing on rural markets may present opportunities. IPOs are viewed with skepticism, suggesting a wait-and-see approach. Exercise caution in a market environment where substandard companies seek to raise capital.
Not politics, not interest rates: India's surging economy at risk from water
India is facing a growing water crisis, with the country's growing water stress potentially impacting its growth. The country's growing water stress could affect agricultural production and industrial operations, leading to food inflation and declines in income for affected businesses and workers, especially farmers. Contaminated water kills about 200,000 Indians each year, and the government is focusing on conserving the resource, recycling waste water, and reducing the country's over-reliance on the annual monsoon, especially in the agricultural sector.
Neeraj Chopra: Indian farmer's son who made Olympic history
Neeraj Chopra, India's Olympic javelin gold medalist, returns to defend his title in Paris after making history in Tokyo 2021. Hailing from a farming background, Chopra's success inspired youth across rural India to take up javelin. With multiple accolades including a world championship, Asian Games, and Commonwealth Games golds, Chopra remains humble and driven. His personal best is 89.94m, aiming for over 90m amidst tough competition like Germany's Max Dehning. Despite fame, Chopra stays grounded, embodying the spirit of a "man of the people."
NABARD partners with Online PSB Loans Ltd to digitalize Jan Suraksha Schemes for regional rural banks
National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited have signed an agreement to promote financial inclusion through regional rural banks. The collaboration seeks to smoothen the process of enrolment and claim settlement under the Jan Suraksha Schemes for all 43 Regional Rural Banks (RRBs) onboarded on one platform through the JanSuraksha Portal.
Budget 2024 may see Modi govt hiking rural housing subsidy by 50% following Lok Sabha disappointment
India plans a substantial increase in rural housing subsidies in the upcoming federal budget, potentially exceeding $6.5 billion, up by 50% from the previous year. This initiative aims to address rural economic distress and boost infrastructure spending including village roads and job programs, amid challenges in the agriculture sector and recent electoral setbacks for Prime Minister Narendra Modi's party.
ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar
While we strive to reduce our reliance on FIIs, our Systematic Investment Plan (SIP) contributions are reaching record highs, reflecting growing confidence in the Indian markets.
Financials & utilities are the cheapest sectors; IT overpriced: Neelkanth Mishra
Neelkanth Mishra highlights undervalued financial and utility sectors compared to the overpriced IT sector. The Budget is expected to focus on rural support and fiscal prudence, with emphasis on Viksit Bharat 2047 initiatives. However, GDP growth may slow down, impacting FMCG sector earnings. Mishra expects consumption by the lower income households will grow slower than the GDP on average,
Third eye: Smoking out the plot, difficult to fathom, and bamboo business
He began by saying that in his childhood he wanted to be like Dhirubhai Ambani but was "very mischievous" and used to "steal money to smoke beedis till he collapsed" and all that was when he was in the "fourth standard". Shivtare's speech has raised a lot of eyebrows and it joins a long list of gaffes by Shiv Sena leaders.
"Consider him my true comrade who was tested in fire of Emergency": PM Modi hails Venkaiah Naidu in his virtual address
Prime Minister Narendra Modi described former Vice President of India, Venkaiah Naidu as his true comrade who was tested in the fire of Emergency imposed by Indira Gandhi in 1975.
Third Eye: Chasing fertile pastures, Sidda’s U-turn on fuel hike, and a no-show in Paris
Deputy CM DK Shivakumar, Karnataka Congress' strongest Vokkaliga face, is considering throwing his hat in the by-election ring. With Bengaluru rural seat, of which his assembly seat Kanakapura is a part, having delivered a resounding "no" to his brother DK Suresh in the Lok Sabha election, it will be interesting to see how the region responds to DKS walking away from it for more fertile Vokkaliga pastures.
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.
India lives in its villages, rural development remains priority: Shivraj Chouhan
Shivraj Singh Chouhan, the new Rural Development minister, highlighted the government's focus on rural development and the 'Lakhpati Didi' scheme to empower women to earn Rs 1 lakh annually.
Heart's in hinterland, want more lakhpati didis
New rural development minister promises efforts for welfare of rural India, focusing on increasing the number of 'Lakhpati Didis' to 30 million.
Modi's Cabinet: 4-time MP CM Shivraj Singh Chouhan gets Agriculture and Rural Development Ministries
Shivraj Singh Chouhan, a veteran leader and four-time Chief Minister of Madhya Pradesh, has been assigned the Ministry of Agriculture and Farmers' Welfare, Ministry of Rural Development, and Ministry of Panchayati Raj portfolios. Known as 'mama' and 'paon-paon wale bhaiya', Chouhan's appointment as the Union Agriculture Minister is expected to bring fresh impetus to government efforts in addressing the challenges faced by the agriculture sector and the farming community.
Work in agriculture, rural development to continue, despite new minister: Shivraj Singh Chouhan
New Agriculture and Rural Development Minister Shivraj Singh Chouhan emphasized the government's commitment to farmer welfare and rural development. He highlighted the progress made in these areas over the past decade and assured that the work will continue at a consistent pace. Chouhan's first decision was to release funds for the PM Kisan scheme, demonstrating the government's priority for farmers' income. He met with officials from both ministries to discuss ongoing projects and initiatives.
Modi 3.0 kicks off with focus on farmers, poor
PM Narendra Modi released funds for farmers and approved 30 million houses for the poor on his first day of the third term. He emphasized team spirit, involvement of ministers in work decisions, and advised against giving sermons.
Abneesh Roy's top four stock picks for strong returns over next year
It is a coalition government and in the past we have seen that whenever that happens spends on the rural do increase. Please note that in the coming months, there are three-four key state elections also. So, we do expect that farm subsidy, farm support programmes will see a higher outlay rather than just a pure play capex, infra spends.
Rural vote fall cost Modi a decisive election win
In last month's election, BJP lost a third of its rural parliamentary constituencies, reflecting rural discontent over lack of jobs and high inflation. This cost the ruling party its majority in parliament, forcing Modi to rely on regional allies to govern. The BJP retained only 126 of the 201 rural seats it previously held. Issues like rural distress and economic disparities were cited by voters.
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