-Live Mint Mahindra and Mahindra Ltd, the world’s biggest tractor maker by volume, cut its forecast for sales growth of the farm equipment in India as the worst rainfall in three years delays crop sowing. Mahindra estimates industry sales to expand as little as 2% in the year ending 31 March, Pawan Goenka, president of the automotive and farm equipment division at the Mumbai-based company, said in an email response on Thursday. Goenka...
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Farm loan target fixed at Rs 5.75 lakh crore: P Chidambaram
-PTI KARAIKUDI (TN): Disbursal of agricultural loans has been on the rise under the UPA regime and the target for this fiscal has been fixed at Rs 5.75 lakh crore, an increase of Rs 1,00,000 crore over the previous year, Union Finance Minister P Chidambaram said today. 'We have set a target of disbursing Rs 5,75,000 crore (loans) during this year (2012-13),' he said inaugurating the new building of Rural Training Centre...
More »The return of the rain
-The Business Standard Cautious optimism about the revival of the monsoon A progressive improvement in the monsoon, after a dismal June that saw rainfall deficient by over 30 per cent, has eased some worries over kharif crop production. Since then the rainfall deficit has been halved to 15 per cent, dispelling fears of a situation as bad as in 2009, when severe drought lowered foodgrain production by seven per cent. In addition,...
More »Nailing the lie of the land-Medha Patkar
-The Hindu A few thousand representatives of various people’s movements from across the country have gathered at Jantar Mantar in the national capital. They are Dalits, Adiviasis, sections of unprotected working class including farmers and fish-workers but they all form one ‘biradari’ of those who live off land, water, forest. They are the ones who produce, distribute, build, operate, clean, sell, drive and do all that enable society to survive, proceed...
More »Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey
-The Economic Times The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest. The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall. The...
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