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The Indian rupee on wednesday lower 30 paise to close at 87.42 per dollar, while it opened at 87.12 in the morning.At close, the Sensex was up 143.91 points or 0.18 percent at 81,481.86, and the Nifty was up 33.95 points or 0.14 percent at 24,855.05. About 1960 shares advanced, 1877 shares declined, and 154 shares unchanged.read more :- Maharashtra: Special project to increase cotton productivity

Maharashtra: Cotton Productivity: Special Project to Increase Cotton Productivity in the CountryNagpur : HDPS (High Density Plating System) was promoted under a special project to increase cotton productivity in the country. Through this project, increase in cotton productivity has been observed in eight states.Dilip Pohane of Wardha crossed the mark of 24 quintals per acre. Dr. Vijay Waghmare, Director, Central Cotton Research Institute said that this is a big success of this project.A special workshop was organized by City CDRA (Confederation of Indian Textile Industry) for the farmers of Wardha and Nagpur districts involved in the Cotton Productivity Enhancement Project. Dr. Waghmare was speaking as the chairman of this workshop organized in the auditorium of the Cotton Research Institute.On this occasion, Dr. Arvind Waghmare, Special Officer of the Union Ministry of Agriculture, Dr. Arjun Tayade, Coordinator of Cotton Productivity Enhancement Project, Amravati Divisional Agriculture Joint Director Umesh Ghatge, Wardha District Superintendent Agriculture Officer Dr. Nalini Bhoyar, City CDR Project Coordinator Govind Vairale were present. Dr. Waghmare further said that the productivity of cotton has increased due to the intensive cotton farming system.So this year also this project is being implemented through Krishi Vigyan Kendra. Farmer Dilip Pohane achieved a productivity of 24 quintals per acre from it. Therefore, there is a need to emulate his management skills. Union Agriculture Minister Shivraj Singh Chouhan has announced that the country will become self-sufficient in the field of cotton by 2023.Responding to his appeal, he appealed to the farmers to increase their participation in the project to increase the productivity of cotton. Dr. Arjun Tayde presented the details of the implementation of the project in eight states and the success achieved from it.In the second session of the workshop, senior scientists Dr. Ramakrishna, Dr. Babasaheb Phad, Dr. Shailesh Gawande, Dr. Manikandan gave information about the best practices in the cotton management field. Govind Vairale gave the introduction and told how the project was successfully implemented in Maharashtra in the last two years. The programme was conducted by Project Officer Jagdish Neralwar, Yugantar Meshram presented the vote of thanks and Amit Kavade presented the vote of thanks.read more :- Odisha: 33 MoUs signed for $902 million investment in textile sector

Odisha signs 33 MoUs for investments worth $902 million in textile sectorOdisha took a major step to strengthen its textile and apparel industry by signing 33 Memorandums of Understanding (MoUs) worth $902 million (₹7,808 crore). The milestone was achieved during the Odisha-Tex 2025 summit held in Bhubaneswar. The initiative is part of the Odisha Apparel and Technical Textiles Policy 2022, which aims to transform the state into the textile hub of eastern India.Highlights of the announcementMassive investment incentivesThe state government led by Chief Minister Mohan Charan Majhi signed MoUs worth $902 million with over 160 textile companies. Key participants included Page Industries, KPR Mills, Sportking, Adarsh Knitwear, Bon & Co and B.L. International.Employment Generation TargetOdisha has set a target of generating over one lakh jobs in the textile and apparel sector by 2030. This will significantly increase the employment rate of the state and provide opportunities for both skilled and semi-skilled workers.Expansion of Textile ClustersThe government plans to develop textile hubs in six major districts,Bolangir, Keonjhar, Sambalpur, Jagatsinghpur, Ganjam, CuttackThese clusters are expected to attract large-scale textile manufacturing units, thereby strengthening the industrial base of the state.Policy Support and IncentivesApparel and Technical Textiles Policy 2022In line with the Industrial Policy Resolution 2022, the Odisha Apparel and Technical Textiles Policy 2022 offers attractive incentive packages to investors. The policy emphasises on,World-class infrastructureFaster project approvalsEmployment subsidySupportive governanceIncrease in employment subsidyThe Chief Minister announced an increase in employment cost subsidy to encourage greater participation of the workforce,from ₹5,000 to ₹6,000 per month for male workersfrom ₹6,000 to ₹7,000 per month for female workersThis move will not only make the sector labour-friendly but also ensure greater participation of women in the textile industry.Odisha-Tex 2025 SummitThe Odisha-Tex 2025 Summit serves as a global platform to showcase the investment potential of the state. It was attended by over 650 delegates, including global textile brands, technology providers, startups and senior government officials.A dedicated task force has also been set up under the Department of Industries to ensure smooth implementation of the signed MoUs and to provide full government support to the investors.Strategic ImportanceWith this initiative, Odisha is positioning itself as the future textile hub of eastern India. This move, focused on policy reforms, infrastructure development and employment generation, is a game-changer for the state's economy. It will also contribute to India's overall goal of strengthening the textile and apparel export market.read more :- Indian cotton imports from Brazil increased 10 times

Indian cotton imports from Brazil have risen 10-fold this season as shipments hit record levels.Cotton imports from Brazil have risen 10-fold in terms of both volume and value this season (2024-25 ending in September), the central government told the Lok Sabha on Tuesday. Imports from the US have doubled during this period as shipments to the country, especially for the extra long staple variety, have reached record levels to meet demand.Union Minister of State for Agriculture and Farmers Welfare Ram Nath Thakur gave details of cotton imports for the period 2019-20 and 2024-25 (up to May 31, 2025) in a written reply in the Lok Sabha on Tuesday.India's imports from Brazil rose from 67,805 bales (170 kg) worth ₹152 crore in 2023-24 to 6,54,819 bales worth ₹1,620 crore by end-May 2024-25.Cotton exports from the US rose from 2,68,728 bales worth ₹1361 crore in 2023-24 to 5,25,523 bales worth ₹1,802 crore by end-May 2024-25.Overall, 27 lakh bales were imported till May 31, while 15.19 lakh bales were imported for the entire 2023-24 season. Imports from Australia also increased significantly to 5.13 lakh bales as against 3.58 lakh bales in 2023-24.Pradhan Mantri Fasal Bima YojanaResponding to a separate question on settlement of claims under Pradhan Mantri Fasal Bima Yojana (PMFBY) in the last five years, Chauhan informed that 4,992.79 lakh farmer applications have been enrolled during 2020-21 to 2024-25 (up to Kharif 2024). Claims worth ₹86,306.61 crore have been paid to 1,423.22 lakh farmer applications across the country during the same period. Apart from this, ₹5,405.2 crore (5.9 per cent) are pending for payment.He informed that during Kharif 2023 to Kharif 2024, about 69 per cent of the claims have been settled within 30 days of reporting of yield by the States/notification of crop loss by the State or intimation by farmers.read more :- Rupee open Declines 30 Paise to 87.12 per Dollar

 Rupee sinks to 4-month low of 87.12 as Trump talks of 25% duty on Indian goodsThe rupee opened at 87.12 against the US dollar, hitting over a four-month low. It had ended the previous session at 86.82.read more :- Change in monsoon: Heavy rain expected in Terai areas

Break-in-Monsoon Conditions Likely: Heavy Rainfall Along Foothills ExpectedAs anticipated, the remnants of Typhoon Wipha have evolved into a significant monsoon system over the Bay of Bengal. After moving through eastern and central India, the system has weakened into a feeble low-pressure area currently positioned over North Madhya Pradesh and East Rajasthan. It is expected to dissipate over the hills of Uttarakhand in the next 2–3 days.Between 29th and 31st August 2025, this low-pressure system and the associated convergence zone will bring heavy rainfall to West Madhya Pradesh, East Rajasthan, and parts of Gujarat. Following this, the system will curve northward toward the Himalayan foothills, weakening and eventually merging with the larger monsoon flow. The monsoon trough will also shift northward along the foothills, stretching from Punjab and Haryana through West Uttar Pradesh, Nepal border regions, Bihar, Sikkim–Sub-Himalayan West Bengal, Arunachal Pradesh, and Assam & Meghalaya.This marks the onset of a Break-in-Monsoon — a phase where the monsoon trough shifts entirely to the Himalayan foothills. During this period, rainfall becomes concentrated along these regions, while much of the rest of the country experiences a lull in monsoon activity. Notably, rainfall along the foothills occurs in narrow, east–west aligned zones (300–400 km wide), though the eastern stretches—particularly Sikkim, North Bengal, and Northeast India—tend to receive more consistent and widespread rain.Elsewhere, the monsoon weakens significantly. While Tamil Nadu and Coastal Andhra Pradesh may see isolated showers, the West Coast typically remains dry. Heavy rains over Bihar and the adjoining plains raise the risk of flooding, especially due to swollen rivers originating in Nepal and Tibet. The Brahmaputra River may also rise, increasing flood risk across Assam and Northeast India.A return to normal monsoon conditions will depend on the formation of a new system over the Bay of Bengal. Such systems help realign the monsoon trough southward and restore widespread rainfall activity across the country. However, a prolonged break can disrupt the seasonal rhythm, potentially affecting crops and water availability.Forecast Summary (Next 24 Hours):Very heavy rain likely over East Rajasthan and adjoining West Madhya PradeshLight to moderate rain, with a few heavy spells, expected in Delhi, Haryana, Uttar Pradesh, Bihar, and nearby regions.read more :- Rupee higher 01 Paisa Against Dollar, Closes at 86.82

The Indian rupee ended 01 paisa higher on tuesday at 86.82 to the dollar, while it opened at 86.83 in the morning.At close, the Sensex was up 446.93 points or 0.55 percent at 81,337.95, and the Nifty was up 140.20 points or 0.57 percent at 24,821.10. About 2399 shares advanced, 1451 shares declined, and 141 shares unchanged.read more :- Kharif sowing 2025 reaches 829.64 lakh hectares; rice rises by 29 lakh hectares, oilseeds and cotton decline

Kharif sowing 2025: Area increased, rice increased, oilseeds-cotton decreasedKharif sowing has increased by 31.73 lakh hectares over last year, with rice and pulses registering the highest increase. However, despite overall positive trends, oilseeds and cotton acreage have seen a decline.Kharif sowing for the 2025-26 season in India has made promising progress, with total acreage under cultivation increasing significantly over the same period last year. According to the latest data released by the Ministry of Agriculture and Farmers Welfare, the total acreage under Kharif crops as on July 25, 2025 was 829.64 lakh hectares, an increase of 31.73 lakh hectares over last year.Among all crops, rice has recorded the highest increase. Rice area has reached 245.13 lakh hectares, about 29 lakh hectares more than in 2024-25. This significant increase reflects favourable monsoon conditions and timely sowing in major rice producing states.Pulses have also seen a marginal increase in area, with the total area increasing to 93.05 lakh hectares from 89.94 lakh hectares last year. This increase is mainly due to increased sowing of moong and moth, although sowing of traditional pulses like tur and urad has recorded a marginal decline.Coarse cereals have also seen positive growth, with the total area reaching 160.72 lakh hectares, 5.75 lakh hectares more than last year. Maize has contributed significantly to this increase, registering an increase of 6.66 lakh hectares. This trend may indicate a change in farmers' preferences due to better market prospects and adaptability to changing weather conditions.In contrast, oilseed acreage declined to 166.89 lakh hectares, down by 3.83 lakh hectares from the previous year. The biggest decline was recorded in soybean, the major oilseed crop, with acreage falling by about 4.7 lakh hectares.Sugarcane acreage remained relatively stable with a marginal increase, while jute and mesta acreage witnessed marginal decline. Cotton sowing also declined by 2.37 lakh hectares from the previous season.Despite some crop-specific constraints, the overall trend of kharif sowing is positive, indicating improvement in agricultural activity. Although total acreage remains lower than the five-year average of 1,096.65 lakh hectares, the year-on-year improvement raises hopes of a promising crop season.read more :- Odisha Tex 2025: Textile Industry Hub of Eastern India

Odisha Tex 2025 establishes the region as the hub of textile industry in eastern India.Odisha is going to become the textile hub of eastern India,” declared Hon’ble Chief Minister Shri Mohan Charan Majhi while inaugurating Odisha Tex 2025, the largest textile and apparel industry event of eastern India, organised by the Government of Odisha in Bhubaneswar.The landmark event was a watershed moment for India’s textile sector, attended by over 650 delegates including global brands, leading textile and apparel companies, investors, technology providers, startups and senior government officials. Odisha Tex 2025 showcased the state’s growing strength in the textile and apparel sector and its commitment to create a world-class ecosystem for manufacturing, innovation and job creation.The event saw several strategic investment commitments from leading textile and apparel companies, promising to make Odisha a hub for apparel and technical textiles. A total of 33 MoUs were signed, leading to investments worth ₹7,808 crore and employment for over 53,300 people.Page Industries, First Step Baby Wear, KPR Mills, Sportking, Adarsh Over 160 companies actively participated in the summit, including reputed companies like Knitwear, Anubhav Apparels, Bon & Co. and B.L. International. Together, these companies represent the entire spectrum of India’s textile value chain, from yarn and fabric to readymade garments and technical textiles.Key announcements and policy highlights– Launch of six state-of-the-art textile and footwear parks with plug-and-play facilities for global-scale manufacturing.– Launch of modern labour hostels to enhance industrial sustainability.– MoU for skill development, which will help youth, especially women, to acquire expertise in automated apparel, textile machinery and wearable technologies.“Hon’ble Chief Minister Shri Mohan Charan Majhi announced that the employment cost subsidy under the Odisha Technical Textiles and Apparel Policy 2022 will be increased from ₹5000 to ₹6000 per month for each male employee and from ₹6000 to ₹7000 per month for each female employee.”“The Hon’ble Chief Minister also announced that Odisha Tex will be an annual event that will showcase Odisha’s rich handloom heritage and the State’s entry into the modern textile, apparel and technical textiles ecosystem.”The Chief Minister said, “Odisha offers the most attractive incentive package in the country under its Industrial Policy Resolution 2022 and Odisha Apparel and Technical Textiles Policy 2022, supported by excellent infrastructure and governance.”Chief Minister Majhi said, “Odisha Tex 2025 is not just an event; it is a declaration that Odisha is poised to lead the textile revolution of Eastern India.” He further added, “With world-class infrastructure, progressive policies and skilled workforce, we are creating unmatched opportunities for investors and livelihoods for our people.”Hon’ble Minister for Handloom, Textiles and Handicrafts Shri Pradeep Bala Samanta said: “Our commitment is to strengthen Odisha’s rich handloom heritage while promoting modern textile investments. By prioritising the development of a strong textile ecosystem, empowering traditional weavers and enhancing market access, the Government ensures inclusive growth. We congratulate investors for partnering with us by signing MoUs and shaping Odisha’s textile future.”With its resounding success, Odisha Tex 2025 has firmly established Odisha as the next big textile destination in India, and has garnered national and global attention for its integrated and sustainable approach to textile development.read more :- Rupee open Declines 18 Paise to 86.83 per Dollar

 Rupee opens 18 paise down at 86.83 as dollar index surgesThe currency opened at 86.83 against the US dollar after ending the previous day at 86.65.read more :- Rupee fell 18 paise to close at 86.65

The Indian rupee on monday lower 18 paise to close at 86.65 per dollar, while it opened at 86.47 in the morning.At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. About 1206 shares advanced, 2767 shares declined, and 152 shares unchanged.read more :- APEDA Refutes Misleading Allegations on Organic Cotton Certification Under NPOP