Govt aims to cover 25% of kharif paddy area with climate-resilient seeds

Govt aims to cover 25% of kharif paddy area with climate-resilient seeds

Tuesday, 16 July 2024 | PTI | New Delhi

In a bid to combat the growing challenges posed by climate change, the government is targeting to bring 25 per cent of the total kharif paddy area under climate-resilient seeds, a senior agriculture ministry official said on Monday. The move comes as erratic rainfall patterns have become increasingly common in recent...

WPI inflation surges to 16-month high of 3.36 pc in June on costlier vegetables

WPI inflation surges to 16-month high of 3.36 pc in June on costlier vegetables

Monday, 15 July 2024 | PTI | New Delhi

Wholesale inflation in the country surged to a 16-month high of 3.36 per cent in June on account of rise in prices of food articles, especially vegetables and manufactured items. This was the fourth consecutive month when inflation witnessed an upward journey. The wholesale price index (WPI) based inflation was 2.61...

Nifty hits fresh record high in early trade; Sensex climbs 290 points

Nifty hits fresh record high in early trade; Sensex climbs 290 points

Monday, 15 July 2024 | PTI | Mumbai

Equity benchmark indices rallied in early trade on Monday, with the Nifty hitting its new all-time high and the Sensex climbing 290 points, helped by buying in IT stocks and fresh foreign fund inflows. A rally in global markets also added to the optimistic trend in equities. The 30-share BSE Sensex climbed...

Govt should rope in PSU firms to ensure fermented organic manure off-take: IBA

Govt should rope in PSU firms to ensure fermented organic manure off-take: IBA

Monday, 15 July 2024 | PTI | New Delhi

Indian Biogas Association (IBA) has suggested that the government should rope in state-owned fertiliser marketing companies to ensure off-take of fermented organic manure to boost the sector. Talking to PTI in an interaction, IBA Chairman Gaurav Kedia said, “Present production of FOM (fermented organic manure) in the country roughly stands at...

Govt proposes mandatory labelling for bulk pre-packaged commodities

Monday, 15 July 2024 | PTI | New Delhi

The Consumer Affairs Ministry on Sunday proposed an amendment to the Legal Metrology (Packaged Commodities) Rules, 2011, seeking to mandate the declaration of key information on pre-packaged commodities weighing over 25 kg or measuring more than 25 litres sold in retail markets. The move aims to close a loophole that currently...

Indian AC industry likely to double in next four years, says Blue Star

Monday, 15 July 2024 | PTI | New Delhi

The air-conditioning industry, valued at around Rs 27,500 crore (USD 3.3 billion), is likely to double in the next four years, Blue Star has said in its annual report. The Indian HVAC&R (heating, ventilating, air conditioning and refrigerating) is poised for exponential growth, said Blue Star Chairman & Managing Director Vir...

Govt may introduce insurance laws amendment Bill in Budget session

Monday, 15 July 2024 | PTI | New Delhi

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve ‘Insurance for All by 2047’. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license,...

India to see retail digital payments to double to USD 7 tn by 2030: Report

Monday, 15 July 2024 | PTI | New Delhi

With digital adoption fast gaining currency, India is likely to see retail digital payments double to USD 7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report ‘How Urban India Pays’, Kearney-Amazon Pay said strong adoption of digital payments in online purchases...

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