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Karnataka Hit by Drought! Sowing Below 25% in 42 Taluks, 101 Taluks Set to Be Declared Drought-HitKarnataka is set to declare 101 taluks drought-hit, while another 32 taluks are being reassessed amid a severe rainfall deficit and poor agricultural conditions.The state received only 465 mm rainfall between June 1 and August 26, against the normal 666 mm, registering a 30% deficit. Dry spells of more than three consecutive weeks have affected 134 taluks. sisThe biggest concern is sowing progress. As of August 21, sowing had covered around 60 lakh hectares, just 71% of the targeted 84.10 lakh hectares. Out of Karnataka’s 240 taluks, 104 recorded sowing below 75%, while in 42 taluks, sowing coverage was below 25%, highlighting the serious impact of inadequate rainfall on crop planting. (sis)The government has identified 101 taluks as eligible for drought declaration after ground-level verification. Conditions will be reviewed every 15 days after the formal declaration.Deputy Chief Minister and Revenue Minister G Parameshwara said the government is spending ₹635 crore on drought management and stressed that there is no shortage of funds to support people and livestock. (sis)The state has also urged the Centre to revise drought assessment norms, arguing that existing criteria do not adequately reflect the impact of rainfall shortages and poor sowing conditions.read more :- Rupee higher 32 paise against US dollar to close at ₹95.16

Pallavaa Group Announces ₹1,000-Crore Investment in Integrated Textile ManufacturingPallavaa Group, an established Indian manufacturer of man-made fibre (MMF) yarns and fabrics, is set to invest ₹1,000 crore in a new integrated manufacturing facility at the PM-MITRA Textile Park in Virudhunagar, Tamil Nadu.The facility will integrate spinning, weaving, knitting and processing, strengthening Pallavaa’s vertically integrated manufacturing capabilities and expanding its presence across the MMF value chain. The investment comes amid growing global demand for viscose, modal and blended products, particularly from brands seeking sustainable alternatives and reliable supply chains.The Virudhunagar PM-MITRA Park, spread across more than 1,000 acres, offers integrated infrastructure, including plug-and-play facilities, uninterrupted power, zero-liquid-discharge water treatment and worker housing.Pallavaa’s investment builds on nearly five decades of MMF expertise. The group began as a weaving enterprise in 1977 and established its first spinning unit in 1991. It now operates eight manufacturing units in the Pallipalayam cluster and supplies yarns and fabrics to customers in more than 40 countries. Its portfolio includes viscose, modal, lyocell, bamboo and various blended products.The group currently produces around 330 tonnes of yarn and 600,000 metres of fabric per day, along with 20–25 tonnes of knitted products. Technology, automation and sustainability remain central to its growth strategy.Pallavaa sources nearly 90% of its energy from renewable sources and aims to become carbon-neutral by 2035. The ₹1,000-crore project marks a significant increase over its traditional annual investment of around ₹200 crore and is expected to strengthen the group’s ability to serve both domestic and international markets.read more :- Rupee higher 32 paise against US dollar to close at ₹95.16

The Indian rupee higher by 32 paise against the US dollar on Monday, closing at ₹95.16 per dollar.The domestic currency opened at ₹95.48 against the US dollar and remained volatile throughout the trading session. It eventually settled at ₹95.16, up 32 paise from the previous close.Indian benchmark indices closed in the red after the Closing Auction Session. The Sensex fell 307.68 points, or 0.40 percent, to 76,956.83, while the Nifty declined 95.25 points, or 0.39 percent, to 24,080.40. Market breadth was weak, with 1,588 shares advancing, 2,469 declining and 173 unchanged.read more :- The rupee opened 10 paise weaker against the dollar at 95.48.

The rupee had closed at 95.38 per dollar on Friday, whereas today it opened at 95.48 per dollar, down by 10 paise.Indian equity benchmarks opened with gains on Monday. The NSE Nifty 50 rose 0.6% to reach 24,038.40, while the BSE Sensex fell 0.5% (or 368 points) to 76,896.Read More :-  US डॉलर के मुकाबले रुपया 10 पैसे गिरकर ₹95.54 पर बंद हुआ

The Indian rupee weakened by 10 paise against the US dollar on Thursday, closing at ₹95.54 per dollar.The domestic currency opened at ₹95.44 against the US dollar and remained volatile throughout the trading session. It eventually settled at ₹95.54, down 10 paise from the previous close.Meanwhile, Indian equity markets also ended lower. The Sensex declined 539.35 points, or 0.70 per cent, to close at 76,933.59, while the Nifty50 fell 116.90 points, or 0.48 per cent, to 24,090.85.read more :- The rupee opened 3 paise weaker against the dollar at 95.44.

The rupee had closed at 95.41 on Tuesday, whereas today it opened at 95.44 per dollar.Both indices opened with a gap-up. The Nifty opened at 24,277.60 and was trading at around 24,194.40, down 13.35 points or 0.06 per cent from the previous close of 24,207.75 at the time of reporting. The Sensex opened at 77,576.76 and was trading at 77,452.09, down 20.85 points or 0.03 per cent from the previous close of 77,472.94 at the same time.Read More :-  India Textile Sector Recovery Gains Strength

Strong Recovery in India's Textile Sector; Cotton Prices Pose a ChallengeIndia's textile sector is moving towards a strong recovery. According to a report by 360 ONE Capital, improved domestic raw material availability and greater sourcing flexibility are expected to support the industry's margins and spreads. However, the sustainability of this recovery will depend on how effectively the increased cost of cotton is passed on through yarn prices.The report indicates that the recent period has been favorable for cotton spinning. Strong demand, better capacity utilization, and improved yarn spreads have benefited the industry. The supply-demand balance has also improved due to capacity closures and limited additions to new capacity.Increased demand from China has been a significant positive factor for the Indian yarn industry. Higher cotton prices in China have made importing Indian yarn economically attractive. Consequently, monthly exports of Indian yarn have risen from approximately 95–97 million kilograms to around 110 million kilograms.However, a sharp rise in cotton prices during the second quarter has increased risks for spinning margins. If yarn prices do not rise in tandem with the increased cost of raw materials, the recent improvement in spreads could come under pressure.There are also signs of improvement in downstream segments. Garment companies are benefiting from better orders, while the home textile industry is seeing strong demand from the US.According to government data, India's textile and apparel exports stood at ₹3,25,339 crore in 2025–26, marking a 1.8 percent increase over the ₹3,19,573.2 crore recorded in 2024–25.read more :- MP Cotton Season Opens at ₹9,101

Impressive Start to the 2026-27 Cotton Season in Madhya Pradesh: Cotton Purchased at ₹9,101 in SusariToday, on August 26, 2026, the procurement for the new 2026-27 cotton season was inaugurated by 'Shri Jayesh Cot' in Susari village, located in the Kukshi tehsil of Madhya Pradesh's Nimar region.Speaking to Smart Info Services, Mr. Bakul Eran, a cotton broker from Indore, stated that the new cotton season in Susari kicked off with an impressive inaugural price of ₹9,101 per quintal. Arrivals of over 1,500 quintals of new cotton were recorded on the very first day, signaling a strong start to the season. (SIS)To mark the occasion, Mr. Raju Patidar, the owner of the ginning factory, inaugurated the procurement by performing a ritualistic worship (puja) of the farmers and the weighing equipment. The inaugural price for the cotton was set at ₹9,101 per quintal.Arrivals of new cotton totaled over 1,500 quintals today.Attendees at the event included Mr. Bakul Eran (broker from Indore), Mr. Nitin Goyal (of Shriram Oil Mill), and others.During the event, a consignment of cotton was sold to Shriram Oil Mill, Indore (represented by Mr. Nitin Goyal) by broker Mr. Laxman Kumar Agarwal (associated with Bakul Eran), Indore. The delivery terms are set for 'spot' (within 2–3 days). (SIS)read more :- Rupee higher 31 paise to close at ₹95.41 against US dollar

On Tuesday, the Indian rupee higher by 31 paise against the US dollar, closing at ₹95.41 per dollar.The domestic currency opened at ₹95.72 against the US dollar and remained volatile during the trading session. It eventually settled at ₹95.41, higher 31 paise from its previous close. the Sensex closed 286.98 points or 0.37% higher at 77,656.09, and the Nifty ended 115.50 points or 0.48% higher at 24,334.55. About 1,970 shares advanced, 2,146 shares declined, and 158 shares were unchanged.read more :- North India Cotton Acreage Falls 23%

Cotton Acreage Drops by 23% in North India; Punjab Most AffectedThe area under cotton cultivation in North India's three major cotton-producing states—Punjab, Haryana, and Rajasthan—has declined by approximately 23% this year. Last year, cotton was sown across about 11.83 lakh hectares in these three states; this year, the figure has dropped to around 9.09 lakh hectares, marking a reduction of 2.74 lakh hectares or 23.2%.Punjab has recorded the steepest decline. The state's cotton acreage has fallen from approximately 1.28 lakh hectares last year to around 80,000 hectares this year—a decrease of about 48,000 hectares or 37.5%. Traditional cotton-growing regions such as Bathinda, Mansa, Muktsar Sahib, Fazilka, Faridkot, and Ferozepur are now gradually shifting towards paddy and other crops.In Haryana, cotton acreage has decreased from approximately 3.80 lakh hectares to 2.95 lakh hectares. Similarly, in Rajasthan, it has dropped from 6.55 lakh hectares to around 5.34 lakh hectares. Nevertheless, Rajasthan remains the state with the largest area under cotton cultivation among the three.According to farmers, infestations by whitefly and pink bollworm, declining yields, rising costs, and market uncertainty have made cotton farming a risky proposition. In contrast, paddy cultivation offers farmers greater confidence due to procurement at the Minimum Support Price (MSP), an established network of *mandis* (wholesale markets), and irrigation facilities.To increase cotton acreage, it is essential to provide farmers with better seeds, effective pest control measures, higher yields, remunerative prices, and reliable market access.read more :- Amreli Faces Rain Deficit

No Rain in Amreli for a Month; Groundnut and Cotton Crops AffectedFarmers in Gujarat's Amreli district are increasingly concerned due to the lack of rainfall over the past month. Initially, good rains at the start of the monsoon had raised hopes for a bountiful harvest of cotton and groundnut, and many farmers had completed sowing on time.While some areas of the district received heavy rainfall initially, others recorded only light showers. This maintained adequate soil moisture, leading farmers to anticipate a successful crop. However, the absence of rain for the last month has now caused the impact of water scarcity to become visible on the crops.Farmers with access to irrigation facilities are managing to save their crops somehow. In contrast, the cotton and groundnut crops of farmers lacking irrigation facilities have begun to wither; in some areas, groundnut plants have started turning yellow.Erratic rainfall had previously forced some farmers to undertake re-sowing. After incurring significant expenses on seeds, fertilizers, and labor, they now face the looming fear of crop failure. Farmers state that if there is no rainfall in the coming days, their crops could be completely destroyed.Distressed by the lack of rain, farmers are demanding relief and financial assistance from the government. They remain hopeful that rainfall will occur soon, allowing their crops to be saved.read more :- Rupee opens flat at 95.72 against the US dollar