|
|
AGRI-BIZ & COMMODITIES
BUDGET:
Fertiliser sector gives thumbs up to change in subsidy regime
Proposal to disburse subsidy money to farmers directly. New Delhi, July 6 The fertiliser industry has cautiously welcomed the Finance Minister, Mr Pranab Mukherjee’s Budget proposal to move from a ‘product-based’ to a ...
BUDGET:
Rs 800-1,000 cr revenue from gold customs duty
Mumbai, July 6 For the Finance Minister who has found himself in an unenviable position of having to raise substantial revenue to fund social development programmes, the decision to hike customs duty on gold imports must have come without ...
COTTON:
Cotton output may top 300 lakh bales next season
SICA estimates higher crop based on sowing pattern. Coimbatore, July 6 Notwithstanding the delay in the onset of monsoon, the South India Cotton Association (SICA) has estimated the cotton crop at 309 lakh bales (of 170 kg) during the 2009-10 ...
BUDGET:
Lending a hand for farmers
I now turn to agricultural development.Agriculture has been the mainstay of our economy with 60 per cent of our population deriving their sustenance from ...
BUDGET:
Oilseeds yield issue not addressed: COOIT
Mr Davish Jain, President, The Central Organisation for Oil Industry & Trade (COOIT) said the Budget has no concrete steps to achieve four per cent growth in agriculture. The serious problem of stagnating productivity of oilseeds has not ...
BUDGET:
Vegoil sector disappointed
Mr Ashok Sethia, President of the Solvent Exctractors’ Association of India said the oilseeds sector is disappointed with the Budget. In view of the country being heavily dependant on import vegetable oils, SEA had suggested establishment ...
GOLD & SILVER:
Gold, silver rise on proposal to double Customs duty
It could activate the smuggling route, says WGC official. Bangalore/Kolkata, July 6 Despite an easy trend in the global market, gold and silver prices firmed up in the domestic market following the Budget proposal to double the ...
FERTILISERS:
Key is in the political will: Vellayan
Chennai, July 6 Mr A. Vellayan, Chairman of E.I.D. Parry, has said the key to moving towards a nutrient-based subsidy regime from the present product-based subsidy for fertlisers is in the political will and the commitment needed to ...
SPICES & CONDIMENTS:
Rains improve cardamom crop prospects
Kochi, July 6 The arrival of the South-West Monsoon last week in the cardamom-growing areas signals the possibility of an improved crop next ...
TAXATION:
Boost to sentiments likely as commodity transaction tax goes
Mumbai, July 6 The quiet burial of yet-to-be-implemented Commodity Transaction Tax (CTT) has boosted the confidence of the commodity futures market, which was plagued by frequent bans on agriculture products. The Government recently ...
BUDGET:
Debt waiver scheme extended; sop for farmers repaying loans on time
Mumbai, July 6 The Budget has done farmers a good turn. Farmers (owning more than two hectares of land) have been given six months extension till December 31 so that they can pay 75 per cent of their overdues under the Agricultural Debt ...
GEMS & JEWELLERY:
Scrapping levy on branded jewellery may encourage more players
Bangalore/Kolkata, July 6 It’s both good and bad news for consumers of gold. While excise duty exemption on branded jewellery is good news for the brand conscious, doubling of Customs duty on gold means the yellow metal becomes ...
PLANTATIONS:
Harvest woes for areca growers
Kottayam, July 6 Following unprecedented fall in the prices of arecanut, the growers are facing severe financial crisis in Kerala. Harvesting is not possible due to the non-availability of skilled ...
RUBBER:
Spot rubber prices rule steady
Kottayam, July 6 The physical rubber prices finished almost unchanged on Monday. The absence of fresh incentives in the Union Budget kept the traders under pressure during the afternoon session and sheet rubber slipped by 25 paise to Rs 98 a ...
FERTILISERS:
Fertiliser subsidy
In the context of the nation’s food security, the declining response of agricultural productivity to increased fertiliser usage in the country is a matter of concern. To ensure balanced application of fertilisers, the Government intends ...
SPICES & CONDIMENTS:
Pepper futures decline marginally
Kochi, July 6 Pepper futures on Monday declined marginally for want of buying support and in the absence of any incentives for boosting export of the commodity in the Union Budget 2009-2010 when the Indian parity remained out-priced in the ...
CLIMATE & WEATHER:
Land-based ‘low’ to spearhead rains into central parts
Thiruvananthapuram, July 6 A land-based low-pressure area has formed over Jharkhand on Monday, and this would be the pivot around which a reinvigorated monsoon entrenches itself over central India during the rest of the ...
BUDGET:
Vegoils Customs duty hike hopes belied
This year’s Union Budget may have disappointed many because the Finance Minister, Mr Pranab Mukherjee, decided to, generally, maintain status quo in direct and indirect taxes, barring of course, a ...
BUDGET:
Stunted yields
Not taking up the Economic Survey’s suggestion of “decontrolling” the fertiliser industry, all that the Budget says is that it will be migrated to a “nutrient” based pricing regime. Thus far, the prices of ...
BUDGET:
‘Cold chain storage made easy’
Mr Sanjay Kaul, Managing Director and Chief Executive Officer, National Collateral Management Services Limited, has said that the Budget proposals on investment-linked incentives for setting up and operating cold chain warehousing were ...
Columnists:
•
G Chandrashekhar
•
Sharad Joshi
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds