Big Relief for Exporters as Cabinet Approves ₹20,000 Crore Credit Guarantee SchemeIn a major relief for Indian exporters hit by U.S. President Donald Trump’s tariff measures, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a significant support initiative — the Credit Guarantee Scheme for Exporters (CGSE).The ₹20,000 crore scheme aims to ease credit access for exporters impacted by the punitive duties imposed by the U.S., providing them with much-needed liquidity and stability.Announcing the decision, Information and Broadcasting Minister Ashwini Vaishnaw said the scheme will be implemented through the National Credit Guarantee Trustee Company Limited (NCGTC) under the supervision of the Department of Financial Services (DFS).“The CGSE will offer 100% loan guarantee coverage to Member Lending Institutions (MLIs), enabling them to extend additional credit facilities up to ₹20,000 crore to eligible exporters, including MSMEs,” Vaishnaw stated.A Management Committee, headed by the Secretary of the Department of Financial Services, will oversee the implementation and monitor the progress of the scheme to ensure timely support to the exporting community.READ MORE :- While the announcement of the start of procurement at MSP has come, there's bad news for India's cotton farmers.
Start of MSP Cotton Procurement Marks Good News, But Farmers Face SetbacksIndia's cotton imports are expected to increase by 9.8 percent in the new season, reaching an all-time high. This is certainly a shock for Indian farmers. This is because one of the reasons behind this is the duty-free imports approved by the Indian government a few months ago. This information comes at a time when the cotton procurement season has begun in the country, while farmers have been devastated by excessive monsoon rains and subsequent unseasonal rains. In such a situation, the increase in imports will undoubtedly harm them.Imports Continuously RisingAccording to news agency Reuters, there are two reasons behind the increase in cotton imports in India: first, the approval of duty-free imports from India, and second, domestic production reaching a 17-year low. India is the world's second-largest cotton producer. In such a situation, while India's increased imports are expected to support cotton prices in the global market, there is a strong possibility that it will also harm the country's farmers. Currently, cotton prices in the international market are near a six-month low.News agency Reuters quoted Atul Ganatra, President of the Cotton Association of India (CAI), as saying that India's cotton imports could reach 4.5 million bales in the 2025/26 marketing year, which began on October 1. This number could reach 3 million bales in December alone. Last year, India's cotton imports from the US, Brazil, Australia, and African countries reached a record 4.1 million bales.Duty-free imports and weak productionCotton Association of India President Atul Ganatra said, "At present, cotton prices abroad are much cheaper than in the domestic market, so textile mills are rapidly importing before the end of December." The Indian government has extended the 11% import duty exemption on cotton imports until December 31. A New Delhi-based trader associated with a global trade house reported that textile mills are turning to better-quality imported cotton due to growing concerns about domestic supply due to crop damage.Heavy and untimely rains in October in the western states of Maharashtra and Gujarat, as well as the southern states of Andhra Pradesh and Telangana, damaged cotton crops ready for harvest. These states account for more than 70% of India's total cotton production.Largest Employment SectorAccording to estimates by the Cotton Association of India (CAI), India's cotton production could decline by 2.4% compared to the previous year to 30.5 million bales in 2025-26. This would be the lowest production since 2008-09. Some traders estimate that production could fall further to 28 million bales. The textile industry is one of India's largest employers, directly employing over 45 million people. According to the CAI, cotton consumption is expected to decline by 4.5 percent in 2025-26, falling to 30 million bales due to weak export demand.Atul Ganatra said, "The US has imposed heavy tariffs, which has led to a decline in demand from there, forcing many textile units in South India to cut production." The US buys approximately 29 percent of India's annual textile exports of $38 billion. Since August, it has doubled the tariff on imports from India to 50 percent.READ MORE :- Haryana: Cotton purchased at MSP, but prices reduced citing low quality.
"Haryana Buys Cotton at MSP, But Prices Cut Due to Low Quality"Fatehabad: The Cotton Corporation of India is purchasing cotton at the Minimum Support Price (MSP) in the district's grain markets. However, farmers are upset by the corporation's arbitrary actions, citing low quality of the cotton crop. Farmers allege that they are forced to sell their produce to private traders at lower prices, incurring losses of up to ₹1,500 per quintal.The state government has begun purchasing cotton, one of 24 crops in the district, at an MSP of ₹6,200. Farmers are arriving at the markets with their produce. On Wednesday, 40 farmers arrived at the city's new grain market with their cotton crop, hoping to sell it at the MSP. The Cotton Corporation employees refused to purchase the cotton, citing the farmers' low quality. Of the 40 farmers in the grain market, only 9 farmers' cotton was purchased at the MSP.Farmers are forced to sell their crops to private traders.Cotton procurement by the Cotton Corporation of India has been delayed. Consequently, most farmers have already sold their crops. This has deprived them of MSP procurement. Private traders are currently purchasing cotton from farmers at a price of Rs. 6,200 per quintal, whereas the central government has fixed the price for medium-staple cotton at Rs. 7,020 per quintal and for long-staple cotton at Rs. 8,110 per quintal. Farmers say there is a loss of approximately Rs. 800 to Rs. 1,500 per quintal between the MSP and private procurement price. So far, 17,253 quintals have been purchased at the grain market, of which 581 quintals were purchased at MSP.I brought 5 acres of cotton to the new grain market, but the government buyer refused to buy my crop, citing its low quality. Consequently, I am forced to sell my crop at a mere Rs. 6,200 per quintal.I have reached the grain market with a good quality cotton crop, but after reaching here, the purchase was refused on the grounds of low quality. I am forced to sell the crop at a cheap price.The Cotton Corporation of India is continuing to purchase good quality cotton. Many farmers who arrived with their cotton crop were not registered on the Meri Fasal Mera Byora (My Crop, My Details) form. The Sirsa branch of the Cotton Corporation of India inspected the procurement process in the grain market of the district. The procurement is being done as per the rules.READ MORE:- Madhya pradesh :17,000 bales of cotton procured so far in state.
Madhya pradesh :17,000 bales of cotton procured so far in state.Indore: The Cotton Corporation of India (CCI), a key agency under the ministry of textiles tasked with cotton purchase, has started the procurement and acquired approximately 17,000 bales of cotton at the minimum support price (MSP) since the season commenced. One bale weighs 170 kg. Last season, the corporation procured around 19.35 lakh quintal from farmers in the state.The ongoing procurement season started on Oct 24, with CCI establishing a network of centres across several key locations, including Khargone, Dhamnod, Bikangaon, Barwaha, and Khandwa, among others. Currently, 20 procurement centres are operational, facilitating the smooth transaction process for local farmers."We have procured around 17,068 bales to date. We are hoping the arrivals will pick up pace in the coming days. The moisture content in the arrivals these days is high, and we are accepting produce with up to 8 per cent moisture," an official from CCI said.In the state, Khargone, Khandwa, Barwani, Manawar, Dhar, Ratlam, and Dewas are predominant cotton-growing belts. Officials said farmers looking to sell their cotton are advised to register their details via village agriculture assistants through the CM App at Rythu Seva Kendras (RSKs). In a current estimate released by the Cotton Association of India, it is projected that India's cotton imports may increase to 45 lakh bales in the 2025-26 marketing year, which began on Oct 1. Additionally, cotton production in Madhya Pradesh for the 2025-26 season is expected to remain steady at 19 lakh bales, unchanged from the previous season.READ MORE :- Rupee open Falls 01 Paise to 88.65/USD
The rupee opened 01 paise higher at 88.65 against the US dollar on November 13.The Indian rupee opened at 88.65 per dollar on Thursday, while it closed at 88.64 on Wednesday.READ MORE :- Rupee closed down by 01 paisa at 88.64 per dollar
The Indian rupee closed 0.1 paisa lower at 88.64 per dollar on Wednesday, compared to its opening price of 88.63 in the morning.At market close, the Sensex rose 595.19 points or 0.71 percent to 84,466.51 and the Nifty rose 180.85 points or 0.70 percent to 25,875.80. Around 2381 shares advanced, 1655 shares declined and 144 shares remained unchanged.read more:- India's cotton imports hit record levels amid duty exemptions
India’s Cotton Imports Set to Hit Record High Amid Duty Exemption, Weak OutputIndia’s cotton imports are projected to surge nearly 10% in the 2025/26 season to a record high, fueled by the government’s decision to allow duty-free imports and a sharp decline in domestic production to a 17-year low, industry officials told Reuters.Higher purchases by the world’s second-largest cotton producer are expected to lend support to global cotton prices, which are currently hovering near six-month lows.According to Atul Ganatra, president of the Cotton Association of India (CAI), India’s cotton imports could rise to 4.5 million bales in the 2025/26 marketing year that began on October 1, with around 3 million bales expected to arrive in the December quarter alone.Domestic cotton production is forecast to fall 2.4% from last year to 30.5 million bales, the lowest output since 2008/09, CAI estimates show. Some traders predict an even sharper drop, possibly to 28 million bales.The textile industry—one of India’s largest employers, providing jobs to over 45 million people—is also facing weakening demand. The CAI expects cotton consumption to fall 4.5% to 30 million bales in 2025/26 amid sluggish export orders.“Demand from the U.S. has dropped after the imposition of steep tariffs, forcing many textile units in southern India to scale back operations,” Ganatra said.The United States, which accounts for nearly 29% of India’s $38 billion in annual textile exports, doubled tariffs on Indian imports to as high as 50%, effective August.read more :- Punjab's cotton procurement is minimal, Kisan App in trouble
Kapas Kisan app runs into trouble in Punjab despite relaxed norms; Cotton Corporation of India’s purchases remain minimal.The Cotton Corporation of India’s (CCI) Aadhaar-based pre-registration system for cotton farmers, introduced this season through the new ‘Kapas Kisan’ mobile app, has hit major hurdles in Punjab, with farmers avoiding registration despite relaxed conditions and the state expecting more than 3 lakh quintals to arrive in mandis.CCI had initially mandated uploading of fresh ‘girdwari’ (records of cotton cultivation) verified by the revenue department for farmers to become eligible for procurement based on the Minimum Support Price (MSP). However, following media reports and requests from the Punjab Government, the Central Government relaxed the norm in the third week of October. Farmers are now allowed to upload land records based on seed-subsidy data, as the state provided a 33 per cent subsidy on Bt cotton seeds this year and holds complete acreage records.“The relaxation has been done, but the purchase is happening based on the registration being done by the farmer through the app. We are open to purchasing the stock which has 12 per cent moisture,” said an officer with the CCI, Bathinda office.CCI procurement remains negligibleHowever, CCI procurement remains negligible. To date, around 4,000 quintals have been purchased, as against the agriculture department’s expected arrival of an estimated 2 lakh bales (more than 3 lakh quintals) this season. Private players are dominating purchases, largely below MSP.Punjab’s major cotton-growing districts include Muktsar, Bathinda, Mansa, and Fazilka. The state’s cotton acreage, though slightly higher this year at 1.19 lakh hectares (target: 1.29 lakh ha) when compared to 2024, remains much below earlier levels. Acreage has fallen sharply from 3.35 lakh hectares in 2019 to 1.79 lakh hectares in 2023. CCI officials also doubt the estimate of 2 lakh bales due to crop loss from waterlogging and floods. In 2024, the area under cotton cultivation was 99,000 hectares.“Farmers were busy in the paddy procurement season, and now it is at its fag end. Hence, we are expecting more registrations through the Kapas Kisan app, and accordingly, purchases will increase. We have no hassles in buying; the farmer has to do the registration through the app,” officials said.But on the ground, farmers are reluctant. “The farmers are finding self-registration through the Kapas Kisan app a hassle and hence are preferring to sell it to private players. Many farmers don’t even have their old bills of seeds purchased on subsidy; many are not tech-savvy and prefer the old-school way,” said Sukhmandar Singh, president, BKU Rajewal (Fazilka).Abohar-based farmer Sukhjinder Singh Rajan said, “It is nice that norms to register through Kapas Kisan app have been relaxed… but the department of agriculture needs to find out why farmers are still not selling through CCI.”The ‘Kapas Kisan’ app‘Kapas Kisan’ app, available on both Android and iOS platforms, requires farmers to upload valid land records and details of cotton sowing areas, certified by revenue or agriculture authorities. The idea behind the introduction of this app was to bring transparency in maintaining land records, cotton arrival, and the purchases accordingly.What the stats sayMarket arrivals underline the trend. As of November 10, 54,900 quintals of cotton had arrived in Fazilka, but CCI purchased only 2,000 quintals; the rest went to private buyers. In Mansa, 21,230 quintals arrived, with CCI buying just 139 quintals. In Bathinda, 34,606 quintals of cotton had arrived in the mandis till November 10, with 117 quintals purchased by CCI. Sources revealed that overall arrivals are likely to be much lower than earlier projections, as a portion of the crop was damaged during the floods while the agriculture department’s estimates were prepared before the flooding occurred.read more :- Karnataka: Labour shortage affects cotton harvesting in Yadgir
Karnataka : Labour shortage hampers cotton harvesting in Yadgir district.Labour scarcity has become a hurdle in the cotton harvesting process in Yadgir district. Due to the non-availability of labour, particularly women, a majority of farmers have left cotton unpicked.Farmers in the district have chosen cotton as a major crop for the kharif season. However, there is labour scarcity as farmers start picking cotton manually at the same time.According to data available with the Agriculture Department, cotton cultivation has been taken up in a higher quantum of area than the target.It was sown in 2,04,474 hectares against the targeted area of 1,85,999 hectares. Out of the sown area, approximately one lakh hectare has been damaged due to the recent rain and floods.And, labour scarcity has become a hurdle in the harvesting process.“Each woman labour charges ₹200 for four to four-and-a-half hours of work to pick cotton. Instead, I hired workers on contract basis paying them ₹15 for picking one kilogram of cotton,” Vijay Kumar Gulgi, a farmer of Satyampet village, told The Hindu.Cotton-picking process through labour consumes more time and this is also one reason for labour scarcityMachines for cotton picking are available. But farmers do not use machines due to many reasons, including the cost they have to pay.“A majority of individual farmers are small and the area they sow cotton in is very small. It will be very expensive for them to invest money for hiring machines,” Gulagi said.Meanwhile, the district administration has set up 29 cotton procurement centres and of them, nine are now functioning. The remaining will function on demand.Despite procurement centres, farmers opt to go to private buyers citing delays in the registration and payment process there.Deputy Director of APMC Shivakumar Desai denied allegations of delay. He said that after the online process was introduced at the beginning of November, 20,000 farmers have already registered and payment will be made to them in three days after procuring cotton from them.He also said that ₹8,110 per quintal of first quality cotton and ₹7,750 per quintal of second quality will be given.Farmers are also saying that private buyers go directly to their fields and purchase cotton making payment on the spot. The buyers transport cotton on their own.“The rates fixed by private buyers is ₹7,110 per quintal of first quality cotton and ₹6,200 per quintal of second quality,” sources said.read more :- Cotton production in Madhya Pradesh stable in 2025-26: Traders
Cotton production in MP steady for 2025-26 season: Traders association.Indore: Cotton production in Madhya Pradesh in 2025-26 is estimated at 19 lakh bales, unchanged from the previous season but, India's cotton production in 2025-26 is projected to decline 2.4 per cent from the previous year., as per the Cotton Association of India (CAI) first estimate of the cotton pressing numbers for the new season beginning Oct 1, 2025. One bale is equal to 170 kg.Despite the steady production in Madhya Pradesh, the CAI forecasts a decline in India's cotton consumption, projecting it will fall to 300 lakh bales in 2025-26, 14 lakh bales less than the previous season. Factors contributing to this decrease include lowered demand, tariff issues, and a trend among spinning mills to shift towards man-made fibres, compounded by a shortage of labour.Industry experts attribute the stable production in Madhya Pradesh to increased acreage and favourable weather conditions during the crucial cultivation and growth periods.CAI president Atul Ganatra said that committee members will closely monitor the cotton pressing figures in the coming months and make necessary adjustments to their reports as needed.A farmer and owner of ginning units in Khargone Kailash Agrawal said, "Cotton production in Madhya Pradesh has remained stable as last year due to a rise in cultivation area and favourable weather conditions."Madhya Pradesh is a leading cotton-producing state and a hub of vital textile establishments. Key cotton-growing districts in Indore division include Khargone, Khandwa, Barwani, Manawar, Dhar, Ratlam, and Dewas.read more :- Rupee open Falls 07 Paise to 88.63/USD
The Rupee opened 07 paise lower at 88.63 against the US dollar on November 12. Indian rupee opened lower at 88.63 per dollar on Wednesday versus Tuesday's close of 88.56.read more :-Rupee rises 14 paisa to close at 88.56 per dollar
On Tuesday, the Indian rupee rose 14 paise to close at 88.56 per dollar, compared to its opening price of 88.70 in the morning.At market close, the Sensex rose 335.97 points, or 0.40 percent, to 83,871.32, and the Nifty rose 120.6 points, or 0.47 percent, to 25,694.95. Around 1,777 shares advanced, 2,047 declined, and 137 remained unchanged.read more:- India hikes anti-dumping duty on flax fabrics from China, Hong Kong
India Extends Anti-Dumping Duty on Flax or Linen Fabric Imported from China and Hong KongIndia has extended the anti-dumping duty on flax or linen fabric imported from China and Hong Kong for another five years. This decision follows a sunset review that confirmed continued dumping and injury to domestic producers.The DGTR found that despite the earlier duties, import volumes have increased and domestic prices have declined.Imports from China will be charged $2.36 per meter, while imports from Hong Kong will be charged $1.14 per meter.India has extended the anti-dumping duty (ADD) on flax or linen fabric imported from China and Hong Kong for another five years. The Indian government first imposed these duties on November 10, 2020, for a period of five years. The sunset review concluded that material injury persists due to increased imports. Flax fabric, often considered 'super cotton,' is widely used in premium clothing.Following the outcome of the Sunset Review investigation, the government has issued a formal notification continuing the ADD on imports of flax fabric from China and Hong Kong. The extension was issued last Friday by the Ministry of Finance, Department of Revenue, through Notification No. 31/2025-Customs (ADD).The subject goods are defined as woven fabrics with more than 50 percent flax content—commonly referred to as flax or linen fabric—classified under HSN code 5309 of the Customs Tariff Act, 1975.The Directorate General of Trade Remedies (DGTR) initiated the review on March 29, 2025. In its final findings on August 8, 2025, the authority confirmed continued dumping of these goods from China and Hong Kong, resulting in material injury to the domestic industry. The report cited an increase in import volumes despite existing duties, a decline in domestic price levels due to import reductions, and a decrease in domestic prices, which prevented local manufacturers from bearing the increased cost of raw materials.Based on these findings, the central government has increased anti-dumping duties on flax fabric imports from identified sources. Flax fabric imported or exported from China will be subject to a duty of $2.36 per meter, while imports originating from Hong Kong will be subject to a duty of $1.14 per meter, regardless of the producer or exporter. This duty is payable in Indian currency, calculated at the exchange rates notified by the Ministry of Finance under Section 14 of the Customs Act, 1962, on the date of filing the bill of entry. The latest notification confirms that this duty will remain in effect for the next five years from the date of publication.The continuation of the duty is aimed at ensuring fair trade and protecting domestic producers of flax-based fabrics and linen textiles, who are facing persistent price and volume pressure from low-priced imports.read more :- SKM intensifies agitation against central policies, demands increase in MSP
SKM will intensify its agitation against the central government's policies, demanding a new MSP for paddy, sugarcane, and cotton.The Samyukta Kisan Morcha (SKM) has announced an intensification of local protests across the country against the central government's agricultural policies and the neglect of farmers. The organization has demanded government procurement of paddy, sugarcane, and cotton crops at the rate of ₹3,012, ₹500, and ₹10,121 per quintal, respectively. SKM stated that, in addition to the farmers' pressing local demands, policy demands such as MSP@C2+50%, loan waivers, the repeal of the Electricity Bill 2025, and the implementation of the Land Acquisition Act 2013 (LARR) will also be included in the movement. The organization has threatened to submit a memorandum to the District Magistrate and launch a "protracted struggle" if its demands are not met.Government's Failure on MSPThe Morcha accused the central government of forcing farmers to sell their produce at throwaway prices despite the announced MSP of ₹2,369 per quintal for paddy for 2024-25. According to the organization, farmers in Uttar Pradesh are forced to sell paddy at ₹1,500-₹1,600 per quintal, which is about ₹800 less than the official rate. Meanwhile, in Bihar and Jharkhand, prices have fallen to ₹1,200-₹1,400. The SKM stated that according to the Swaminathan formula, the MSP for paddy should be ₹3,012 per quintal, resulting in a loss of about ₹1,600 per quintal at current rates.Major Demands for Sugarcane and Cotton FarmersThe organization also expressed concern over the plight of sugarcane farmers in Uttar Pradesh. According to the statement, the price of sugarcane has increased by only ₹55 in the last nine years, while the cost has increased manifold. The price of sugarcane in the current season is ₹370 per quintal, while farmers have demanded an increase of ₹500 per quintal and immediate payment of ₹3,500 crore owed to sugar mills. SKM said that cotton farmers are forced to sell their produce at ₹5,500-₹6,000 per quintal, while the declared MSP is ₹7,710. Mung bean farmers are forced to sell for less than ₹4,000 per quintal, instead of the declared rate of ₹8,768 per quintal. The organization demanded an MSP of ₹5,000 per quintal for basmati rice and the establishment of a government procurement mechanism.Fertilizer, electricity, and MNREGA also targetedThe Morcha alleged that fertilizer black marketing and arbitrary pricing are rampant across the country. Farmers are paying up to ₹700 for a bag of urea worth ₹270. The organization demanded a crackdown on black marketing and strict action against counterfeit fertilizers. On the issue of electricity, the SKM stated that farmers are being forcibly installed with prepaid smart meters and that the Electricity Bill 2025 is against farmers' interests. The organization demanded the withdrawal of this bill and the provision of 300 units of free electricity. Regarding MNREGA, the SKM stated that despite the law's guarantee of 100 days of work, workers receive only 47 days of work on average, and the average daily wage of ₹284 is less than the state minimum wage. The organization demanded the inclusion of agriculture and dairy in MNREGA, a daily wage of ₹700, and a guarantee of 200 days of employment.Action against Microfinance InstitutionsThe Samyukta Kisan Morcha stated that under the NDA regime, microfinance institutions are charging exorbitant interest rates from poor families and, in many cases, engaging in illegal activities in the name of debt recovery. The SKM demanded that the government enact laws regulating microfinance institutions and providing interest-free loans to the poor. In its statement, the SKM appealed to all state coordination committees to organize farmers and agricultural laborers at the local level. The organization said that if the government does not take concrete action on the demands of the farmers, then a massive and long-term movement will be started across the country.read more :- Demand to increase cotton-soybean purchase limit
Up the procurement limits of cotton, soybean.Nirmal: MLA Pawar Ramarao Patel and Adilabad MLA Payal Shankar met Agriculture Minister Tummala Nageswara Rao in Hyderabad and submitted a petition requesting an increase in the procurement limits for cotton and soybean at government purchase centers to prevent inconvenience to farmers. They pointed out that only six quintals of soybean per acre are currently being procured, and urged the government to purchase up to 7.60 quintals or more per acre if farmers have higher yields.Similarly, they requested that the Cotton Corporation of India (CCI) increase the cotton procurement limit from seven quintals to twelve quintals per acre.They highlighted that heavy rains in the Mudhole constituency have damaged the soybean crop by about 20%, and requested that procurement be carried out despite the damage.read more :- Rupee open Falls 01 Paise to 88.70 /USD
Rupee falls 01 paisa to open at 88.70 per dollarIndian rupee opened 01 paise lower at 88.70 per dollar on Tuesday versus previous close of 88.69.read more :- US shutdown relief boosts stock market
Market Review: Stocks Rise, Bonds Fall as US Shutdown Nears End.Expectations of a deal to end the longest US government shutdown have boosted risk appetite, leading to a rise in the stock market, while bonds and the yen fell.S&P 500 and Nasdaq 100 contracts rose 0.4%, and the Nasdaq 100 index gained 0.6%. Senate Republican leader John Thune said an agreement is "coming" and planned a test vote on Sunday on a limited spending package that would end the 40-day government shutdown. A group of Senate Democrats is leaning toward voting to advance the package, provided final details are finalized.Asian stock markets rose, with South Korea gaining. As sentiment improved, bonds fell, and the yield on the 10-year Treasury bond rose more than two basis points to 4.12%. The yen, a traditional safe-haven currency, fell 0.2% against the dollar.While hopes for a deal may provide some relief, markets remain jittery after last week's sharp decline in technology stocks rekindled concerns about elevated valuations. Asian technology stocks, which have outperformed their US counterparts this year on optimism about AI progress in China, were particularly weak. The lack of new data to guide investors about the health of the US economy has also increased caution."The coming week will depend on whether the US government can arrange an end to the shutdown," Kyle Rodda, senior analyst at , wrote in a note to clients. Although Wall Street's rally late Friday night mitigated some of the negativity in the markets, "the move ultimately amounted to nothing more than putting lipstick on a pig, as the proverbial saying goes."People familiar with the discussions said the record-breaking US government shutdown is nearing its end after a group of moderate Senate Democrats agreed to support a compromise to reopen the government and fund some departments and agencies for next year.The House is scheduled to hold a procedural test vote on Sunday. If successful, the Senate will need the consent of all members to end the shutdown quickly. Any single senator can force a delay and a vote of several days. The House will then have to pass a bill to reopen the government, and Speaker Mike Johnson has said he will give lawmakers two days' notice.Chinese assets will be in focus on Monday, after consumer prices unexpectedly rose 0.2% in October compared to a year earlier, as holidays boosted demand for travel, food, and transportation during the month. Factory-gate deflation also eased.After US consumer sentiment fell to its lowest level in more than three years, the S&P 500 rose 0.1% on Friday, recovering from an earlier test of its 50-day moving average. A dollar indicator rose 0.1% in early trading on Monday.Strategists at the Commonwealth Bank of Australia, led by Joseph Capurso, said in a note to clients that the dollar is likely to trade in a tight range for the time being. "Even if the shutdown ends this week, it will take some time for data to be released again. Several FOMC members have indicated they are reluctant to cut interest rates further until key economic data is released."read more :- Narma registration date extended, now opportunity till 31 December
Cotton procurement registration date extended: Farmers can register until December 31st, payment will be made within seven days of purchase.The Cotton Corporation of India (CCI) has extended the deadline for farmers to register for cotton procurement. Originally scheduled for October 31st, this date has now been extended to December 31st. Registration is mandatory for farmers wishing to sell cotton at the government rate.The center in-charge stated that cotton with a moisture content of less than 8 percent will be purchased at a rate of ₹7,860 per quintal. If the moisture content is between 8 and 12 percent, a deduction of ₹7.86 per quintal will be made for every 0.1 percent of moisture.Farmers can register through the 'Cotton Farmer App' until December 31st. According to CCI employees, payment will be sent directly to their Aadhaar-linked bank account within seven days of purchase.The center in-charge has appealed to farmers to bring only dry cotton to the procurement center. Under no circumstances should the moisture content of cotton exceed 12 percent. A maximum of 4 quintals of cotton is being purchased per bigha at the procurement center.read more :- Rupee fell 03 paise to close at 88.69 per dollar
The Indian rupee lower 03 paise to close at 88.69 per dollar on Monday, compared to its opening price of 88.66 in the morning.At the close, the Sensex rose 319.07 points or 0.38 percent to 83,535.35 and the Nifty advanced 82.00 points or 0.32 percent to 25,574.30. Around 1787 shares advanced, 2183 shares declined and 132 shares remained unchanged.read more:- Maharashtra: Cotton farmers in trouble, not getting the right price in the market
Maharashtra: The future of cotton farmers is in jeopardy! They are not getting the right price in the market, and government procurement centers are also empty.Nagpur: The cotton sector plays a significant role in boosting Vidarbha's economy. Millions of farmers depend on it, but this time, prolonged rains have darkened the cotton farmers' Diwali, leaving them uncertain about their future. Prices are not being received in the open market. The government is offering higher rates, but there are numerous conditions that have prevented farmers from reaching the centers.Similarly, the government has asked for registration on the "Cotton Farmer" app. So far, 3.9 lakh farmers from Vidarbha have registered, but none have been able to reach the centers. It is true that the rains have prevented farmers from receiving funds. This has exacerbated their distress, leaving them with no option but to wait.Rates low, crops wetPeople associated with the cotton sector say that the cotton is wet due to the rain. This is why cotton farmers were unable to reach the market by Diwali. The situation remains the same. Cotton has up to 20% moisture, while government agencies are purchasing cotton with 8 to 10% moisture.In this situation, farmers are left with no option to sell their cotton, as private players are offering ₹7,200-₹7,300 per quintal for cotton, while the government's MSP is ₹8,110. Bhavesh Shah of the Vidarbha Cotton Association says that the price of cotton in the international market is ₹7,100-₹7,200 per quintal. Consequently, traders are unwilling to buy such expensive cotton.Government procurement is the only optionTraders say that given the current price dynamics, government procurement centers are the only option for farmers. Private players will only be able to purchase rejected produce, while farmers will have to rely on MSP for quality produce. However, government procurement is being delayed and access to key areas is negligible. This has created problems.337 submitted tenders for procurement centersShah stated that CCI had invited tenders to set up procurement centers. Approximately 377 ginning mills in Vidarbha submitted tenders. Of these, 40-42 were rejected. 337 were approved, but the conditions are such that setting up procurement centers is difficult. He stated that for the convenience of cotton farmers, more centers need to be established so that they can sell their cotton in their vicinity.This will save them time and transportation costs. CCI is only selecting L-1 bidders, while it is important for farmers' interests that L-1, L-2, and L-3 bidders also have a chance. The simpler the CCI process, the easier it will be for farmers to sell their produce.CCI Opens 89 CentersBrajesh Kasana, Deputy General Manager of Cotton Corporation of India (CCI), Vidarbha, stated that 89 CCI centers have been established in Vidarbha. Due to rain, farmers are unable to reach the centers. Only 4-5 centers have sporadically started procurement. He said that CCI is ready to open centers.All procedures for this have been completed. He said that the government has launched the 'Kisan Kapas' app for procurement. Nearly 3.9 lakh farmers from Vidarbha have registered on it. It has the option to select the center and time. Farmers can reach the nearest center at their convenience and sell their cotton.read more :- State asks CCI to lift cotton purchase ban
| title | Created At | Action |
|---|---|---|
| Big Relief for Exporters as Cabinet Clears ₹20,000 Crore Credit Guarantee Scheme | 13-11-2025 12:13:44 | view |
| While the announcement of the start of procurement at MSP has come, there's bad news for India's cotton farmers. | 13-11-2025 11:54:30 | view |
| Haryana: Cotton purchased at MSP, but prices reduced citing low quality. | 13-11-2025 11:39:15 | view |
| Madhya pradesh :17,000 bales of cotton procured so far in state. | 13-11-2025 11:16:47 | view |
| Rupee opened 01 paise higher at 88.65/USD | 13-11-2025 10:44:45 | view |
| Rupee closed down by 01 paisa at 88.64 per dollar | 12-11-2025 15:45:45 | view |
| India's cotton imports hit record levels amid duty exemptions | 12-11-2025 12:29:42 | view |
| Punjab's cotton procurement is minimal, Kisan App in trouble | 12-11-2025 12:14:50 | view |
| Karnataka: Labour shortage affects cotton harvesting in Yadgir | 12-11-2025 12:00:42 | view |
| Cotton production in Madhya Pradesh stable in 2025-26: Traders | 12-11-2025 11:51:17 | view |
| Rupee open Falls 07 Paise to 88.63/USD | 12-11-2025 10:21:53 | view |
| Rupee rises 14 paisa to close at 88.56 per dollar | 11-11-2025 15:48:06 | view |
| India hikes anti-dumping duty on flax fabrics from China, Hong Kong | 11-11-2025 15:13:24 | view |
| SKM intensifies agitation against central policies, demands increase in MSP | 11-11-2025 11:52:39 | view |
| Demand to increase cotton-soybean purchase limit | 11-11-2025 11:35:27 | view |
| Rupee open Falls 01 Paise to 88.70 /USD | 11-11-2025 10:32:22 | view |
| US shutdown relief boosts stock market | 10-11-2025 18:03:31 | view |
| Narma registration date extended, now opportunity till 31 December | 10-11-2025 17:32:42 | view |
| Rupee fell 03 paise to close at 88.69 per dollar | 10-11-2025 15:57:04 | view |
| Maharashtra: Cotton farmers in trouble, not getting the right price in the market | 10-11-2025 11:58:32 | view |
