AGRI-BIZ & COMMODITIES
Indian Bank channels credit direct to farmers
INDIAN Bank has begun entering into formal arrangements with corporates and self help groups (SHGs) to bypass the rural economy's middlemen and thereby lower the cost of a farmer's access to agricultural inputs and consumer goods. The bank has ...
PNB begins identifying needy farmers
PUNJAB National Bank has started implementing the recentl policy initiatives on credit flow to agriculture by bringing in at least 100 new peasants under its lending operations for each of its rural operations. The Chairman, Mr S.S. Kohli said, ...
Harbours as havens
LAST week, a national workshop was held in Kochi to discuss the issue of harbours - a subject that is now in the news both because of the monsoon trawling ban that has left hundreds of trawlers berthed at the Shaktikulangara harbour and the ...
Safety norms for fishermen
MANGALORE: The Commander, Coast Guard Region (West), Commodore S. Pradeep, has urged the fishermen to follow safety norms while venturing into the sea. Addressing presspersons here on Monday, he said that some fishermen venture into the ...
Market intervention scheme for arecanut extended
A MEETING of cooperatives, MLAs and MPs from arecanut-growing regions with the State Minister for Agriculture, Mr K. Srinivasa Gowda, in Bangalore on Monday decided to extend the market intervention scheme (MIS) for "white chali" variety of ...
Rubber shortage forces tyre cos to import more
FACED with a severe shortage of natural rubber in the domestic market, tyre manufacturers have decided to go in for more imports in the coming months to tide over the crisis. Tyre companies now propose to import 35,000 tonnes of rubber by this ...
Rubber prices flat as buyers stay away
DOMESTIC spot rubber prices were flat on Monday. According to the growers, resumption of monsoon rains after a few sunny days might invite another bull run in the days ahead. Though the buyers kept a low profile, the market stayed firm ...
Deals struck to import 7 lakh t raw sugar
CONTRACTS have been signed for import of at least seven lakh tonnes of for raw sugar during the past few days, trade sources have said. Of this, about 1.5 lakh tonnes of raw sugar had already arrived at Kandla port. Majority of imports were ...
Coonoor tea prices dip on low quality
FOR the third consecutive week, buyers complained of low quality teas offered for sale at the auctions held by the Coonoor Tea Trade Association (CTTA) here on Saturday. Only some 40,000 kg out of the 13.41-lakh kg offered for sale could be sold ...
GOLD & SILVER
Gold prices may soften in H2
"We see the upside for gold prices capped at $ 410/oz, but with robust support at $ 380/oz becoming increasingly vulnerable as the year continues in line with tighter monetary policy and a firmer dollar."
Gold meet to discuss jewellery trend
THE country's bullion hub will host a two-day seminar on gold `India Gold Convention 2004' during August 20-21, which will focus on India as the emerging world market for gold. Experts from here and abroad will share their views on demand and ...
DAIRY & DAIRY PRODUCTS
Amul wants NDDB nominee on board out Cites `conflict of business interest'
IT could well be the last link between the Gujarat Cooperative Milk Marketing Federation (GCMMF or Amul) and the National Dairy Development Board (NDDB) that is about to be snapped. In the latest episode of an almost two-year-long saga, the GCMMF ...
OILSEEDS & EDIBLE OIL
No need to tinker with customs duty on refined oil
THE reported recommendation of the Tariff Commission to hike the customs duty on refined palm oil by five percentage points to 75 per cent has generated some enthusiasm among refiners who are major importers too; but it may be too early to ...
SPICES & CONDIMENTS
Spices exports double in Apr-May
SPICES exports continued to show substantial growth almost doubling it in May 2004 also to take the tally during the first two months of the current fiscal to 67,968 tonne valued at Rs 400.20 crore as against 33,400 tonne worth Rs 280.10 crore ...
Agreenco unit to produce condoms
THE Kerala State Agro-Cooperative Ltd (Agreenco) is setting up a condom manufacturing facility at Ernakulam with a plan to export 75 per cent of its production. The unit is being set up at an investment of Rs 10 crore. It will have an annual ...
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