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Golden is the future of the textile industry Discussion with Kiran Bhandari, owner of Aurangabad's ginning factoryAccording to one information, the garment industry is such an industry that directly and indirectly provides employment to 27 percent of the population in the country. It is clear from this that the future of this industry is very bright. Farmers from all over the country have been attracted towards cotton cultivation this year due to the price of cotton that the farmers got last year. Talking about Aurangabad itself, this time around 25 percent cotton sleeping has increased here. Some ginners have also made good profits, although the profit making ginners remain only 10 to 15 per cent as most of the giners are unable to stock the goods due to rising prices. This information was given by Jinar Kiran Bhandari of Osmanpura, Aurangabad.Due to low demand, the price decreasedIn a special conversation with SIS, Kiranji told that there are many farmers in our area who are doing cotton cultivation this time except soybean and sugarcane. Farmers are confident that this year also they will get good profits from cotton. However, looking at the current scenario, it is being estimated that this time the price of cotton in our area should remain around Rs 7500 or so. A major reason for the fall in prices is the fall in consumption and demand.Proper chain system between seller and buyerBeing a Xiner, he told that the biggest problem for the Xiner is the lack of a proper business channel between the buyer and the seller. Gener, whether small or big, takes the help of a broker to sell his goods. In such a situation, when the price of cotton bales is high, then all the goods are sold, but when the prices are low, the mills return the goods many times. In such a situation, a Xiner has to bear a big loss and in this whole process he is dependent only on the broker.Industry will benefit ifGovernment should cancel RCM.There should be a proper channel between buyer and seller.Labor cost should be a little cheaper.

CRupee 13 paise stronger against dollarRupee closed at Rs 79.18 with a gain of 13 paise against the dollar this evening.Sensex rises 427 points todayToday the stock market closed sharply.Today, where the Sensex rose by about 427.49 points, closed at the level of 54178.46 points.On the other hand, Nifty closed at the level of 16132.90 points with a gain of 143.10 points.

Rupee opens 23 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 23 paise at Rs 79.07 against the dollar. At the same time, on Wednesday, the rupee strengthened by 7 paise to close at Rs 79.30 against the dollar.Sensex rises by 453 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 453.18 points to open at the level of 54204.15 points. On the other hand, NSE's Nifty rose by 136.70 points to open at the level of 16126.50.

All India Weather Forecast for July 07, 2022Weather systems made across the countryA Low Pressure Area is persisting over Gujarat region and adjoining areas. The associated cyclonic circulation extends up to 5.8 km above mean sea level and is moving towards southwest with elevation.The axis of Monsoon trough is now moving eastwards into the Bay of Bengal, passing through the low pressure area over Gujarat, passing through Indore, Pendra Road, Gopalpur.Offshore Trough is extending from Gujarat Coast to Maharashtra Coast.A Cyclonic Circulation lies over Northwest Bay of Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon remained vigorous over Gujarat Coast and over Konkan & Goa. Gujarat, including Mumbai and suburbs, and coastal areas of Konkan and Goa witnessed moderate to heavy rains.Active Monsoon conditions continued at isolated places over Kerala, Coastal Karnataka, parts of Telangana, South Madhya Pradesh, Uttarakhand, Himachal Pradesh, South Rajasthan, Odisha and South Assam. These areas received light to moderate rain with heavy rainfall at a few places.Light to moderate rain occurred at isolated places over Lakshadweep, Andaman and Nicobar Islands, Andhra Pradesh, Rayalaseema, Interior Karnataka, parts of Marathwada, Vidarbha, Interior Odisha and Sikkim and Jharkhand.Light rain occurred over North Punjab, North Haryana, parts of Central and West Rajasthan, Gujarat region, Madhya Maharashtra, North Madhya Pradesh, rest of Northeast India and isolated light rain at one or two places over West Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely to continue over parts of Konkan and Goa Coastal Karnataka and Gujarat.Light to moderate rain with isolated heavy rain is likely over Madhya Pradesh, Vidarbha, North Madhya Maharashtra, remaining parts of Gujarat, South Rajasthan, parts of Kerala and Odisha, Chhattisgarh, Telangana, Himachal Pradesh and Uttarakhand.Light to moderate rain is possible over Lakshadweep, Andaman and Nicobar Islands, Interior Karnataka, Coastal Andhra Pradesh, Northeast India, Sikkim, Jammu and Kashmir and northern parts of Punjab and Haryana.Light rain is possible over Delhi, West Uttar Pradesh, Jharkhand, Gangetic West Bengal, remaining parts of Tamil Nadu and Rajasthan.

Rupee 7 paise stronger against dollar*Rupee closed at Rs 79.30 with a gain of 7 paise against the dollar this evening.Today the stock market closed sharply.Today, where the Sensex closed at the level of 53750.97 points with a gain of 616.62 points.On the other hand, Nifty closed at the level of 15989.80 points with a gain of 178.90 points.

Rupee opens 8 paise stronger against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 8 paise at Rs 79.29 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 79.37 with a weakness of 42 paise against the dollar.Sensex rises further, opens up 265 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 265.08 points to open at the level of 53399.43 points. On the other hand, the Nifty of NSE opened with a gain of 60.40 points at the level of 15871.30 points.

All India Weather Forecast for July 06, 2022Weather systems made across the countryThe low pressure area which was over eastern parts of Chhattisgarh and Madhya Pradesh now remains over central parts of Madhya Pradesh. The associated cyclonic circulation extends up to 5.8 km above mean sea level and is moving towards southwest with elevation.The axis of Monsoon trough is passing through a low pressure area over Bikaner, Kota, Madhya Pradesh, Jharsuguda, Puri and then towards east-central Bay of Bengal.Weather movement across the country during the last 24 hoursDuring last 24 hours, Monsoon remained vigorous over South Gujarat, Konkan & Goa, Coastal Karnataka and Andaman & Nicobar Islands. These areas received moderate to heavy rains and one or two places received very heavy rains.Light to moderate rain occurred at isolated places over many parts of Madhya Pradesh, parts of Gujarat, Kerala, Lakshadweep, Vidarbha, Marathwada, Coastal Odisha and Assam.Light to moderate rain occurred over Nagaland, Manipur, Mizoram, Tripura, parts of Uttarakhand, Himachal Pradesh, Jammu and Kashmir, Chhattisgarh, Telangana, Interior Odisha and North Punjab and light to moderate rain at one or two places over Rajasthan.Light rain occurred over East and Southwest Rajasthan, West Bengal, parts of Jharkhand, Interior Tamil Nadu, Interior Karnataka, Coastal Andhra Pradesh and rest of Northeast India.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to westerly westerly winds will continue over the west coast of the country, leading to heavy rains.Monsoon is expected to remain active over West Madhya Pradesh, Gujarat, Konkan & Goa, Coastal Karnataka and parts of Kerala. Moderate to heavy rain is possible in these areas.Light to moderate rain with isolated heavy falls very likely over South Chhattisgarh, parts of Telangana, Vidarbha, Marathwada, North Madhya Maharashtra, South Rajasthan, Andaman & Nicobar Islands. Light to moderate rain with one or two heavy rains may occur over Odisha.Light to moderate rain is possible over Northeast India, Sub-Himalayan West Bengal, Sikkim, Interior Odisha, remaining parts of Chhattisgarh, East Madhya Pradesh, South Jharkhand, remaining parts of Telangana, Lakshadweep, Uttarakhand, Jammu and Kashmir and Himachal Pradesh.Light rain is possible over Interior Karnataka, Tamil Nadu, parts of Northwest Uttar Pradesh, Punjab and Haryana.During the next 3 to 4 days, there is a possibility of floods in Mumbai and suburbs.

India extends deadline for duty free cotton imports to Oct. 31India has extended deadline to import cotton without paying import taxes until Oct. 31 from the earlier cut-off date of Sept. 30, the government said in a notification, as the sowing of the fibre crop delayed in some regions due to patchy monsoon rainfall.The world's biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices.India mainly imports cotton from the United States, Brazil and Egypt.

The area of cotton increased, but for good yield, it is necessary to get the right amount of water.Exclusive conversation with Vishal Ojha, a cotton broker from Hanumangarh, RajasthanAttracted by the rising prices of cotton, this time the farmers have increased the area under cotton cultivation, but for its good yield in Rajasthan, it is necessary to get the right amount of water to the crop. If Punjab continues to provide water through the canal system, then there is a possibility of a good crop to a great extent. Along with this, the yield of the crop also depends on good rains. The cotton cropping cycle in Upper Rajasthan is 160 days. During this, if there is a total of 7 to 8 good rains, then the crop is very good. This information related to Upper Rajasthan was given by Vishal Ojha, a cotton broker of Hanumangarh.In a special conversation with SIS, he told about many things related to cotton in his area. He told that when I started the work in 1994, there used to be thousands of cotton pressings, but now in Hanumangarh, lakhs of pressings have started. It is clear from this that the demand in this industry is increasing continuously with time and along with this, this industry is also growing in Rajasthan.Talking about the textile industry, Hanumangarh currently has 18 to 20 factories and 2 to 3 new factories are yet to start. The policy of the government in Rajasthan is such that if one cotton factory is set up, then a subsidy of 5 to 6 crores is available. This is the reason that after the ban on commission, gradually the workers of commissions have also started setting up factories.He said that in Hanumangarh and Ganganagar new crop usually starts coming from the second week of September. Our area receives maximum 3.50 lakh crops, but last year due to lack of water first, then due to unseasonal rains and some diseases, the crop suffered a lot. Due to which the crop last year was only 2.59 lakhs.This time farmers have shown great interest in cotton cultivation. Paddy farmers have also planted cotton on 5 to 10 bighas of land. That is why it is expected that in the new season the crop will also come between 3 to 3.15 lakhs. As far as the price is concerned, this season Narma has been sold here for Rs 14 thousand. It is being estimated that the prices of Narma will remain up to Rs 11,000 when the new crop arrives.

Rupee weakens by 42 paise against dollarToday evening, the rupee closed at Rs 79.37 with a loss of 42 paise against the dollar.stock market fall todayToday the Sensex closed at the level of 53134.35, down 100.42 points. On the other hand, the Nifty closed at a level of 15810.90, down by 24.50 points.

GUJRAT COTTON -2022 Season Sowing Report As On 04 July 2022