By 2021, almost 150 million likely to be in extreme poverty due to COVID-19: World Bank

poverty1.jpg

The World Bank has warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic and countries will have to prepare for a “different economy” post-COVID by allowing capital, labour, skills and innovation to move into new businesses and sectors. The COVID-19 pandemic is […]

Read more

Pune gets the first e-Kisan mandi; NAFED to set up several more

P1020909.jpg

The country’s first e-kisan mandi became operational in Pune last week, reports Financial Express. The Pune facility includes around 30 FPCs in Pune district. Traders or retail market chains will be registered on the mandi for making online purchases from farmers. NAFED’s arm, Federation of Farmer Producer Organisations and Aggregators (FIFA) entered into a 51:49% […]

Read more

GAIL finds increase in gas sales to pre-COVID-19 levels by end of this quarter

Russia-Gazprom-Gas-pipelines.jpg

State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-COVID-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption. its Director (Marketing) E S Ranganathan said in an online forum. GAIL, the country’s largest natural gas marketing and transporting company, sold about 113 […]

Read more

India’s first-ever multi-commodity train service, Kisan Rail, launched by Indian Railways

As announced by Finance Minister Nirmala Sitharaman in the current financial year’s Union Budget, Piyush Goyal-led Indian Railways has introduced the first “Kisan Rail” train service from Devlali in Maharashtra to Danapur in Bihar. The Kisan Rail train service, which is expected to be a big boon to farmers, was flagged off via video conferencing by Narendra […]

Read more

Major ports’ cargo handling drops by 18% to 193 million tonnes in April-July, 2020

China-ports.jpg

COVID-19 disruptions and lockdowns caused major ports in  India to witness a continued fall in cargo handling. The cargo handling capacity of major ports registered a 18.06 per cent drop to 193.38 million tonnes between April and July this fiscal, according to the Indian Ports Association (IPA). Cargo volumes at these 12 major ports under […]

Read more

Mumbai jewellers to open stores alternatively on either side of the streets in an odd-even scheme

Photo07.jpg

Jewellery shops are scheduled to reopen in Mumbai today after 70-odd days of lockdown. Retailers in the city’s gold market hope for a revival in sentiment, as they estimate a pent up demand for marriages that had been postponed earlier would soon take off. They also believe initial business will be redemption of old ornaments […]

Read more

Vashi APMC near Mumbai opens with new arrangement

A week after complete shutdown, Vashi Agricultural Produce Market Committee (APMC) is finally opened on Monday with a limited entry of farmers, traders, stockists, arhatiyas, and consumers. In a meeting of all mandi stakeholders including the government officials held on Saturday, it was decided that vegetables, grains, and masala market will open from Monday while […]

Read more