New Delhi, July 13 (IANS) The total area sown under kharif crops in the current season so far is estimated at 531.25 lakh hectares as on July 10 this year, compared with the corresponding figure of 632.69 lakh hectares in the same period last year, data released by the Ministry of Agriculture and Farmers Welfare on Monday showed.The official figures show that the area under rice is 114.69 lakh hectares so far this year, compared with 125.53 lakh hectares during the same period last year. The dec…
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New Delhi, July 13 (IANS) India is moving beyond low‑cost manufacturing toward building globally competitive capabilities, and a confluence of currency depreciation, expanded trade access and record public capex could accelerate a structural shift in the sector, a report said on Monday.The report from Carnelian Asset Management and Advisors said India’s first manufacturing-focused fund has delivered over 32 per cent CAGR since its inception in 2020.Manufacturing 2.0 is unfolding in real time…
New Delhi/Agartala, July 11 (IANS) Lok Sabha MP from West Tripura parliamentary constituency, Biplab Kumar Deb, has recorded one of the highest utilisation rates of the Members of Parliament Local Area Development Scheme (MPLADS) funds, with over 93 per cent of the allocated amount spent within nearly two years of his tenure as a Lok Sabha member, according to official data. According to the data compiled by Deb’s office, the utilisation rate is stated to be significantly higher than the natio…
New Delhi, June 22 (IANS) The total area sown under kharif crops in the current season so far has gone up to 119.90 lakh hectares as on June 19 this year, compared with the corresponding figure of 117.95 lakh hectares in the same period last year, data released by the Ministry of Agriculture and Farmers Welfare on Monday showed.The official figures show that the area under rice is 12.36 lakh hectares so far this year, which has increased by 4.27 lakh hectares from the corresponding figure of 8.0…
New Delhi, June 20 (IANS) Over Rs 4.46 lakh crore has been disbursed since the launch of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in 2019, making it one of the world’s largest direct benefit transfer (DBT) initiatives, an official fact-sheet said on Saturday.The 23rd instalment of the PM-KISAN scheme was disbursed at Tarakeswar, Hooghly, West Bengal, on Saturday. Nearly 9.44 crore eligible farmers, including more than 2.18 crore women, received around Rs 18,880 crore in direct finan…
New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal held a brainstorming session with senior officials of various ministries and captains of Indian industry on drawing up an action plan to strengthen the country’s manufacturing sector.”Chaired a comprehensive and productive meeting with officials from key ministries and leading industry associations to strategize on boosting domestic manufacturing,” the minister said in a post on X.”Reaffirmed the Government’s commitment to wo…
Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …
New Delhi, May 14 (IANS) The government has accelerated formalisation of unregistered enterprises through the Udyam and Udyam Assist platforms, bringing over 7.9 crore MSMEs and informal micro enterprises into the formal economy, an official statement said on Thursday.Targeted policy measures are improving access to credit, strengthening legal safeguards and enhancing ease of doing business, while digital platforms such as GeM, TReDS and SAMADHAAN are enabling better market access and faster pay…
New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the increase in the Minimum Support Prices (MSP) for 14 kharif crops for Marketing Season 2026-27 to ensure remunerative prices to farmers.The highest absolute increase in MSP over the previous year has been recommended for sunflower seed at Rs 622 per quintal, followed by cotton (Rs 557 per quintal), nigerseed (Rs 515 per quintal), and sesamum (Rs 500 per qui…
New Delhi, May 2 (IANS) Prime Minister Narendra Modi will inaugurate the PM MITRA Kakatiya Mega Textile Park in Warangal, Telangana on May 10, Union Coal and Mines Minister G. Kishan Reddy said on Saturday.Taking to a microblogging platform X, the minister said the park, to be inaugurated virtually from Hyderabad, is envisioned as a world-class integrated textile hub that will boost manufacturing, employment and exports.He further highlighted that the project has an estimated cost of Rs 1,695.54…