India’s horticulture production in 2018-19 to be 314 million tonnes: Department of Agriculture

P1000554.jpg

Production of horticulture crops in India was officially estimated to have inched up higher in 2018-19 crop year ended June 30 on productivity gains, with output of fruit, vegetables, spices, flowers, and honey going up, while that of plantation, aromatic, and medicinal crops declining, reports Business Standard. India’s horticulture production is estimated to be 313.85 million tonnes […]

Read more

Vegetables prices soar up to 50% in Maharashtra and Karnataka on heavy rainfall

IMG_2263-1.jpg

Vegetable prices have risen 25%- 40% over the past week in western and southern India because of heavy rainfall in the region that has damaged crops and disrupted transportation. Traders in Mumbai, Belgaum and Indore said vegetable prices are likely to remain high until the next harvest in about two months, reports Economic Times. However, […]

Read more

De Beers to curb supply on weakening of diamond market

Diamonds.jpg

De Beers, the world’s biggest diamond miner by value, is scaling back production plans for this year as it tries adjusting to a brewing industry crisis that’s hitting prices and lowering demand for precious stones. The Anglo American unit said a range of factors, including ongoing trade tensions between the United States and China, contributed to a 27% drop […]

Read more

Structural reforms to make India a $5 trillion economy, says finance minister in 2019-20 budget

FM_Budget_FY20.jpg

Announcing the union budget 2019-20, India’s Finance Minister Nirmala Sitharaman said India needs to make structural reforms to create a $5 trillion economy in the next few years. Presenting the first Budget of the second term of Prime Minister Narendra Modi’s government, she said the Indian economy that stood at $1.85 trillion five years back […]

Read more

India’s budget could be agri focused on slow monsoon and looming state elections

Farmers-1.jpg

By Biman Mukherjee Delayed monsoon rains that have worsened fears of rural distress in India and upcoming elections in key states might tempt the government to offer many welfare programs for farmers in the upcoming national budget on Friday. But their cause will be better served by strengthening a creaking agriculture supply chain, say experts. […]

Read more