AGRI-BIZ & COMMODITIES
CLIMATE & WEATHER
Monsoon plays truant for yet another week
FOR the second successive week, the monsoon has failed virtually across the country. This may have a bearing on the prospects for growth, inflation and interest rates this year and also the success of the Budget proposals. The monsoon arrived ...
More
BUDGET
A definite attempt of redress neglect to agriculture
THE 2004-05 Budget is a definite attempt to redress the neglect of the agriculture and rural sectors in recent years. Though 58 per cent of India's work force is engaged in agriculture, this sector today contributes only 22 per cent of GDP ...
More
PLANTATIONS
Disappointing Budget, says Upasi
THE Union Budget has left the plantation community, especially tea growers, disappointed. Mr B.B. Medaiah, President, United Planters' Association of Southern India (Upasi), said in a press statement that it was "disappointed that no mention ...
More
RUBBER
Rubber market steady
THE physical rubber market maintained the steady trend on Friday. Continuous rains failed to strengthen the prices, as buyers were unwilling to enlarge their commitments. The only loser of the day was ungraded rubber, which lost 25 paise to ...
More
SUGAR
`No package for sugar industry'
THE sugar industry has welcomed the broad thrust to agriculture outlined in the Budget. While there has not been a specific reference to the sugar industry, the proposals aimed at improving the rural economy were bound to have a beneficial impact ...
More
TEA
Budget fails to cheer small tea growers
"There is practically nothing of direct interest to us in the Budget. We are disappointed that all our representations to the Finance Minister have gone unheeded," Mr M. Bhojarajan, President of the Nilgiris Small Tea Growers' Association and ...
More
GOLD & SILVER
Silver touches 2-1/2 month high
SILVER prices on Friday touched 2-1/2 month high of Rs 10,190 per kg mainly following the London trend as the Euro strengthened against dollar and on fund buying. Earlier, prices were recorded at Rs 10,270 per kg on April 21, 2004. Silver ...
More
DAIRY & DAIRY PRODUCTS
Rural and dairy industries welcome proposals
THE rural-based industries have welcomed the excise duty exemption granted to dairy machinery and the tax concessions for fruits and vegetable processing industries. However, these are small sops that do not address the key problems faced by the ...
More
COTTON
Cenvat may help cotton farmers
MUMBAI: The optional Cenvat scheme for textiles would certainly help cotton textile industry in reviving its production capacity and consumption of cotton is expected to go up. This will also help farmers, Mr Kishorilal Jhunjhunwala, ...
More
JUTE
Centre agrees to revoke jute order
THE United Progressive Alliance Government has consented to implement the Jute Manufacturing Act, 1987, without any changes and to revoke the notification issued by the NDA Government before the elections effecting certain changes detrimental to ...
More
OILSEEDS & EDIBLE OIL
Vegoil trade on hold awaiting new tariff value
A DAY after presentation of the Union Budget 2004-05, the mood among traders in the country's vegetable oil market is somewhat depressed. They had hoped that the Finance Minister, Mr P. Chidambaram, would come out with trade-friendly proposals ...
More
Palmolein duty hike hailed
THE Solvent Extractors' Association of India (SEA) has welcomed the Government's decision to raise the import duty on RBD palmolein to 75 per cent from 70 per cent and maintain the import duty of crude palm oil at 65 per cent. "The issue ...
More
COCONUT & COPRA
Out of twilight zone
It's not yet sunset for Kerala's palm groves. Statistics show that coconut production in the State is on the rise. In 2000-01 and 2001-02, production was 5,536 million and 5,744 million respectively, which is half of the total coconut production ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds