AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NMCE members to get PNB guarantees
PUNJAB National Bank (PNB) has issued guidelines to its offices and branches to issue bank guarantees in lieu of security deposit to the members of National Multi-Commodity Exchange of India (NMCE), according to an exchange release. This ...
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ANIMALS & LIVESTOCK
CLE undertakes 2 projects for better cattle upkeep
WITH a view to addressing environmental and animal rights issues that have been raised, the Council for Leather Exports (CLE) has taken up two projects for better handling of cattle and housing them in a better environment. These upgraded ...
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CULTIVATION
Murugappa Group plans community initiatives in AP
AIMED at lending a helping hand to the farming community in Andhra Pradesh, the Chennai-based Rs 5,266-crore Murugappa Group, through its community initiatives channel - AMM Foundation - proposes to come out with a master plan on drip ...
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CONTRACT FARMING
Pepsi exploring pineapple contract farming in Kerala
PEPSI has begun a pilot project of pineapple cultivation in Kerala, as the company is planning to undertake contract farming of the fruit in the State. "Trials are now on... We have planted the `Sugarloaf' variety of pineapple in our bottling ...
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INSIGHT
Budget 2004-05: Make farm policy grain-centred
THE Union Budget has been hailed in different quarters, especially inasmuch as the battered farm sector is concerned. A fortnight ago, when the Prime Minister visited Andhra Pradesh, where there has been a spate of ...
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HORTICULTURE/FRUITS & VEGETABLES
Keep the doctor away!
Apples from the US, dubbed Washington Apples, on display at a Food World outlet in Hyderabad on Thursday. The Washington Apple Commission has tied up with the retail chain to market the product in South India. The fruit will be available in all ...
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POWER
AP Govt plans Rs 5,000-cr farm power distribution network
THE State Government is planning a Rs 5,000-crore High Voltage Distribution System (HVDS) for agricultural pump sets in rural areas and is working on finalising modalities to fund this project. The Principal Secretary-Energy and Chairman and ...
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RUBBER
Rubber trade awaits clear market trend
Traders seemed to be waiting for a clear trend to emerge as sheet rubber RSS 4 closed at Rs 67.50 as on the previous day. Though the world markets continued to stay bearish, there was no selling pressure in the major trading centres according ...
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TEA
Poor promotion hits tea exports to Russia
A MONTH and a half since the Russian tea delegation promised to get back after testing the south Indian tea samples in the home water, the tea industry is still waiting for confirmed orders. Meanwhile, the exporters for the Russian market are ...
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TECHNICAL ANALYSIS
Spot gold to test resistance levels
GOLD prices headed higher on Wednesday after retails sales data came in surprisingly low below market expectations. June sales slid 1.1 per cent, well below expectations for an overall decline of 0.6 per cent. The unexpected weakness is ...
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WATER
Call to charge water supply to farmers
DR Siripurapu K. Rao, Principal of Administrative Staff College of India (ASCI), has called for pricing of water for agricultural sector to check against excessive withdrawal of ground water. "We are on the brink of turning many areas in the ...
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INTERNET
TN: Agriculture portal on the anvil
THE Tamil Nadu Government is contemplating an exemplary model of a portal on Agriculture Department, the Commissioner of Agriculture, Mr Jag Mohan Singh Raju, has said. Addressing the annual Scientific Workers' Conference at the Tamil Nadu ...
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GOLD & SILVER
RBI under attack for curbs on gold import
RBI has advised banks to open LCs for direct import of gold for a maximum period of 90 days against the previous 360 days. Only nominated agencies, approved banks and EOUs/SEZ units can import gold.
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SPICES & CONDIMENTS
Spicy demand
Spices on display at a Kochi market. Due to greater domestic demand, exports of spices have been sluggish in recent times. Meanwhile, the Spices Board is planning to market them directly under its logo and brand in consumer packs. ...
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GENERAL INSURANCE
Insurance scheme for deficient rainfall launched
The scheme, launched on a pilot basis, will offer coverage for 20 per cent or more fall in rainfall against the normal level. The payment is on Rs/mm basis and premium is Rs 1,296 a hectare. Even if the rainfall is 20 per cent less, the farmer will b e able to recover the premium.
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AGRICULTURAL POLICY
TN move to promote sugar beet crop tickles industry
THE Tamil Nadu Government's decision to promote sugar beet cultivation for ethanol production has enthused the sugar industry, which, however, feels that there is a need to proceed with caution. The decision is a step in the right direction ...
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CREDIT CARDS & DEBIT CARDS
Kisan cards: Vijaya Bank earmarks Rs 180 crore for Mangalore region
THE General Manager of Vijaya Bank, Mr S. Laxmikanth Hegde, has said that the bank has earmarked Rs 180 crore to Mangalore region for disbursement under kisan credit card scheme. Inaugurating the branch managers' conference of the bank here on ...
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SUPPLY CHAIN MANAGEMENT
Floods put brakes on Delhi-Patna refrigerated van
Traders in Delhi say that moving green vegetables from Patna to Delhi may not make sense.
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