-TheNewsMinute.com Raw Materials of food, including oil, rice and rava, are being delivered to the students’ homes. In a gesture of goodwill, the Kerala government has started measures to deliver ingredients for mid-day meals to over three lakh children studying in anganwadis, which have been closed due to the COVID-19 pandemic. This is to ensure the undisrupted supply of meals to the students. Since Tuesday, schools, colleges, educational institutions and anganwadis have been...
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Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra
-Livemint.com * Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM * The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace...
More »Zero Budget Natural Farming: Another Case of 'Raw Wisdom' Over Science? -Kabir Agarwal
-TheWire.in The Centre says the method will improve crop productivity and reduce input costs, but it remains unclear which scientific studies – if any – these conclusions are derived from. New Delhi: During her budget speech in July, finance minister Nirmala Sitharaman responded to widespread farmers’ distress by saying that they would be encouraged to adopt a ‘zero budget’ technique that would take India’s agriculture sector ‘back to basics’. Zero-budget natural farming...
More »Traders, MSMEs saw 3.5 mn job losses due to note ban, GST, other factors -TE Narasimhan & Gireesh Babu
-Business Standard Among various solutions, AIMO pushed for the supply of Raw Materials such as steel and aluminium to MSMEs at a lower subsidised cost Chennai: The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO). Demonetisation and the goods and services tax (GST) are the main...
More »Why record foodgrain production failed to cheer farm input providers -R Sree Ram
-Livemint.com Both fertilizer and agrochemical companies are highly dependent on imports for Raw Materials. With rupee depreciation exacerbating the rise in prices of Raw Materials, the profitability of the companies is expected to take a hit this year The forecast of a record foodgrain production in the ongoing kharif season has brought no cheer to agricultural inputs stocks. Shares of Rallis India Ltd lost 3% last week. Dhanuka Agritech Ltd slumped 12%....
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