Farmers protest sabotaging India’s economic recovery : Industry

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Farmers’ protests against three key laws for reforms has disrupted business worth up to 50 billion rupees and likely to hurt India’s economic recovery from the pandemic, traders and industry officials said. The Confederation of All India Traders (CAIT) called upon farmer leaders to resolve their issues with the government in a spirit of cooperation. At the same […]

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WEEKLY WRAP UP – Farmers protest continues unabated

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For the first time since the pandemic began, there is now hope for a brighter future. Progress with vaccines and treatment have lifted expectations and uncertainty has receded. Thanks to unprecedented government and central bank action, global activity has rapidly recovered in many sectors, though some service activities remain impaired by physical distancing. The collapse […]

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Adani Group refutes buying directly from the farmers; only manage grain silos for FCI

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Adani group has denied reports that it is buying harvested crops from the farmers. The group has also rubbished any claim of fixing the price for farmers’ produce. The port-to-energy-to commodities conglomerate said it only develops and operates grain silos for Food Corporation of India (FCI). Recently, Adani’s name has been echoing during farmer protests along with Reliance […]

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Indian farmers split over repeal of farm laws amid nationwide stoppage

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Indian farmers, who called for a nationwide bandh on Tuesday, are divided over whether to accept the three new farm laws with modifications or only settle for a complete repeal, according to sources. Farmer representatives are likely to meet the government representatives on Wednesday, after which a consensus may emerge over the way forward. The nationwide […]

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States to get loan from India’s agriculture infrastructure fund (AIF) for PM-Kusum scheme

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States in India now have the option to get funding at discounted interest rate through the Rs 1-lakh-crore Agriculture Infrastructure Fund (AIF) to implement the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-Kusum) scheme. The Kusum scheme aims to remove the use of diesel in irrigation and promote solar technology in the agriculture sector. […]

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Weekly Wrap Up – India’s festive season brings light to the tunnel of dreaded recession

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Two successive quarters of negative growth has sent India into a recession. However, concerns about the depth of India’s recession is slowly being replaced by optimism that a recovery is taking hold. A slew of indicators from car sales to services sector activity notched higher last month, while alternative data signal robust demand in an […]

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India’s trade unions call nationwide strike on 26 November to support farmers’ agitation

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Ten central trade unions have said they are going ahead with their planned nationwide general strike on November 26 and also announced their support to a two-day farmers’ agitation next week. The meeting of the Joint Platform of Central Trade Unions (CTUs) and sectoral independent Federations and Associations was held virtually on November 16, 2020. […]

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