Page 3 - Farm Sector

Mahindra lines up Rs 17,000 cr to steer growth over next three years

Mahindra & Mahindra is planning to deploy Rs 17,000 crore over the next three years, including capex on new models and investments in group companies besides its auto and farm sector businesses, a top company official said on Friday. The company plans to launch total 23 models in passenger vehicles segment and light commercial vehicles (LCV) category by 2026 and 37 models in the farm equipment vertical under its Project K2 by 2024-25. Addressing reporters in a virtual earnings call conference, Mahindra Group Managing Director and CEO Anish Shah said out of the Rs 17,000 crore planned to be deployed in the next three years, capital expenditure is at Rs 12,000 crore. It includes Rs 6,000 crore for conventional automotive, Rs 3,000 crore for electric vehicles (EVs) totalling Rs 9,000 crore for the automotive sector. While for the farm equipment sector, capex is at Rs 3,000 crore, he added. "So a total capex of Rs 12,000 crore (in three years). The remaining Rs 5,000 crore is ...

Retail inflation for farm, rural workers eases marginally in April

Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items

Slow growth in allied activities drags farm sector growth, say experts

Second advance estimates peg GVA in agri and allied activities to grow 3% in current fiscal year

Focused approach

Targeting specific products will help the agri sector

GDP data: Farm sector maintains strong growth; full year might see a blip

While several sectors returned to growth in Q3 , agriculture was all along different. GVA in last fiscal year at constant prices was 4.3 per cent.

Will soon visit Gujarat to mobilise support for farmers' protest: Tikait

Farmer leader Rakesh Tikait on Sunday said he will soon be visiting Gujarat to drum up support for the movement against the Centre's contentious farm laws.

SC notice to Centre on plea seeking implementation of new farm laws

The Supreme Court Tuesday sought response from the Centre on a plea by a firm seeking implementation of the controversial new farm laws and its inclusion

Foreigners without knowledge of farm laws have no right to comment: Thakur

Union minister Anurag Singh Thakur on Thursday said that people without full knowledge of the new farm laws have no right to comment on them.

Farm laws a 'fire' which would lead to losses: BKU Prez Naresh Tikait

Bharatiya Kisan Union national president Naresh Tikait has termed farm laws a "fire" (aag) which would lead to losses and has urged the Centre to repeal them. A video of Tikait speaking to reporters in Muzaffarnagar was shared on social media on Sunday. In the video, he said, "Repeal this bill, this is a fire. This is a fire which will lead to many losses. (iss bill ko dabaa do, yeh aag hai, yeh bahut nuksaan ki aag hai). If the laws are repealed then the government does not stand to lose anything. The bills have put on hold for one-and-half years. Accept your fault, and hold talks." Tikait also said, "In this government, Rajnath (Singh) jee is being humiliated (Rajnath jee ki tauheen ho rahi hai iss sarkaar mein). There is nothing in the control of our MPs, they are feeling afraid, and their sympathy is with the farmers.

15th FC may recommend farm export incentives for states in Budget session

The final report is expected to be tabled in Parliament during the Budget session that begins on Friday.

Bengal becomes sixth state to pass resolution against new farm laws

The West Bengal on Thursday became the sixth state to pass a resolution against the three contentious farm laws enacted by the Centre

Focus on extending Covid help, invest in infra: IMF's Gita Gopinath

Says agri laws have potential to increase farmers' income

Agri minister Tomar asks ICAR to make farm sector more job-oriented

Agriculture Minister Narendra Singh Tomar on Wednesday asked ICAR to make the farm sector more employment-oriented with the help of New Education Policy (NEP).

Atmanirbhar farm schemes may get boost in Budget amid farmers' protest

There could be a road map for further reform in the farm sector, particularly on the input side, say sources

Nobody will dare reform farm sector if acts are repealed now: Ramesh Chand

Says both the Centre and the Supreme Court have been quite accommodative and flexible in their approach, but now it seems to be a clash of egos

Farmers' protest: Suspension of farm laws is final offer, says govt

Even the government hardened its stand, saying that the latest proposal of keeping the laws in abeyance for 12-18 months is the best it can do

Staring down Covid, agri among few sectors to grow in FY21 in arid economy

Agriculture is the only sector expected to clock a positive growth in 2020-21 as per the estimates released by MoSPI

New farm laws likely to harm livelihood of small traders, says CAIT

The traders said after the new laws there was a danger of increasing monopoly in agriculture trade which would impact the livelihood of millions of small traders

More agri reforms due, hopeful of resuming talks with farmers: Tomar

Modi to talk to farmers on Dec 25, release next instalment under PM-Kisan

Farm sector maintains robust growth in Q2, GVA up 7.7% at current prices

Experts say many crops don't come into the market during July-Sept and the real impact of kharif harvest will be felt in the subsequent quarters