India’s proposed pesticide bill could discourage fresh investments into agro-chemical business, says CropLife

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A proposed pesticides bill that will replace regulations adopted nearly five decades ago needs more discussion, as some of the provisions are not progressive and would discourage fresh investments in India’s agro-chemical business, a top industry official told Ritwik Sinha in an interview. Asitava Sen, chief executive officer of CorpLife India, an association of leading […]

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Monsoon seen helping tractor sales in India as auto sector skids due to pandemic – CRISIL

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Amid travel curbs due to the Covid pandemic that have flattened demand for cars in India, sales for tractors will remain stable due to expectations of well-distributed and normal rainfall, according to a report by rating agency CRISIL. Despite a 37% on year decline in April and May combined sales, tractor volumes will likely be […]

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Tech boom in India’s rural heartland helps farmers connect better with markets amid pandemic

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In the middle of one of India’s worst COVID-affected states Maharashtra, farmer Atul Takte turns to his dusty smartphone for help every time he wants to buy farm inputs or sell his produce online. “This is great. I can even get the latest information on how best to grow papayas,” he says, referring to an […]

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Success of India’s big-bang agri reforms depends on bureaucrats giving up control

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The key to reap real benefits of the big bang reforms for the agriculture sector recently announced by the government would be in demolishing several layers of controls as envisaged in the proposal, noted agriculture economist Ashok Gulati said. Gulati, chair professor for agriculture at the Indian Council for Research on International economics (ICRIER), said […]

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Currency depreciation and rising gas costs to increase India’s urea subsidy shortfall to Rs. 9,000 crores: ICRA

Urea players have been witnessing rising gas costs, which coupled with the depreciation of rupee against the US dollar will result in higher cost of production, ratings firm ICRA said in a report. As per ICRA estimates, for one US dollar rise in gas costs, the cost of production for urea rises by Rs. 1,800-2,000/MT […]

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Normal rains forecast this summer for most of India except the northeast

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India’s weather office forecast normal monsoon rains this summer for most of the country, but said it expected deficient rainfall in the country’s northeast. Quantitatively, the season rainfall for the country as a whole is likely to be 97% of the long period average (LPA) with a model error of ±4%. The LPA rainfall over […]

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