MSP increased only by 5 percent, while inflation is increasing wildlySIS special conversation with Saurashtra Kisan Sangh leader Dilip Bhai SakiaThe government increases the MSP every year but the farmers are not getting as much benefit as they should. The reason for this is that the rate of MSP is not increased according to the rate at which inflation rises. This time too, the rate of MSP has been increased only by 5 percent whereas inflation is increasing by 10 to 20 percent every year. Being the leader of the farmers, I appeal to the government that keeping in mind the interest of the farmers, the MSP should be increased at least as much as dearness allowance is increased for the employees. This is to say of Dilipbhai Sakia, leader of Saurashtra Kisan Sangh. On Wednesday, the SIS team had a special discussion with him on the matter of increasing the MSP by the government.MSP should increase by 10 percent every yearDuring the conversation, he told that last year the minimum support price of medium fiber cotton was Rs 5726 and that of long fiber cotton was Rs 6025. Which has now increased to Rs.6080 and Rs.6380 respectively. This is happy news for the farmers, but this happiness is like cumin in the mouth of a camel. Keeping in mind the rapid inflation, especially diesel and petrol prices in the country, the MSP should be increased by at least 10 percent every year, only then the farmers will be able to survive.Up to 25 percent more crop expected in GujaratDilip Bhai said that if the government makes available the necessary resources like water, electricity, crop prices and animal protection to the farmers at the appropriate time, then half of the problems of the farmers will end. Regarding the prices of cotton this year, he said that the prices have been good, This is the reason that the crop of cotton will come more in the coming season. About 20 to 25 percent more cotton is expected in Gujarat.
On this evening, the rupee closed at Rs 77.73 with a weakness of 2 paise against the dollar.Sensex saw a fall, closed 215 points.Today the stock market closed with a fall.Today, where the Sensex fell by about 214.85 points, closed at the level of 54892.49 points.On the other hand, Nifty closed at the level of 16356.30 points down by 60.00 points.
Sensex rises further, opens up 223 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 222.86 points to open at the level of 55330.20 points. On the other hand, the Nifty of NSE opened with a gain of 68.20 points at the level of 16484.50 points.Rupee opens 3 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 3 paise at Rs 77.68 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 77.71 with a weakness of 8 paise against the dollar.
All India Weather Forecast for June 8, 2022Weather systems made across the countryThe Western Disturbance is over North Pakistan and adjoining areas.A Cyclonic Circulation is persisting over East Rajasthan and adjoining region.Another cyclonic circulation lies over East Uttar Pradesh at low levels.A trough is extending from a cyclonic circulation over East Uttar Pradesh to Coastal Andhra Pradesh across East Madhya Pradesh and Chhattisgarh.The Cyclonic Circulation is persisting over West Central Bay of Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain at isolated places occurred over Meghalaya, Coastal Andhra Pradesh, South Coastal Tamil Nadu, parts of Kerala and Andaman and Nicobar Islands.Light to moderate rain occurred over rest of Northeast India, Sikkim, parts of East Bihar, remaining parts of Tamil Nadu and Lakshadweep.Light rain occurred over parts of South Interior Karnataka, Rayalaseema, Coastal Karnataka and Jammu and Kashmir.Heat wave conditions prevailed over parts of Delhi in isolated parts of Punjab, Uttarakhand, West Rajasthan, Haryana, Uttar Pradesh, East Madhya Pradesh, Vidarbha and Jharkhand.Weather activity likely during next 24 hoursDuring the next 24 hours, Monsoon is very likely to remain active over Northeast India and remain weak over South Peninsula.Light to moderate rain with isolated heavy rain is likely over Sikkim, northeastern part of the country and Andaman and Nicobar Islands.Light to moderate rain may occur over Kerala, Coastal Karnataka, South Interior Karnataka and parts of Tamil Nadu.On June 8, rain activity is likely to increase over South Madhya Maharashtra, Marathwada and North Interior Karnataka. On June 8, there may be heavy rain in these areas.Light to moderate rain may occur over Tamil Nadu, East and Northeast parts of Bihar, parts of Konkan and Goa, Coastal Andhra Pradesh and Lakshadweep and one or two parts of Telangana.Not only in Madhya Maharashtra, but in eastern parts of Gujarat, Gilgit-Baltistan, Muzaffarabad, Jammu and Kashmir and Ladakh, scattered light rains are possible.Heat wave conditions may occur at isolated parts of Delhi, Punjab, Uttarakhand, West Rajasthan, Haryana, Uttar Pradesh, East Madhya Pradesh, Vidarbha and Jharkhand.
Today evening, the rupee closed at Rs 77.71 with a weakness of 8 paise against the dollar.Sensex closed down by breaking 568 points.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 55107.34 points, down by 567.98 points.On the other hand, the Nifty closed at the level of 16416.30 with a gain of 153.20 points.
Sensex collapses as soon as it opens, registers a fall of 538 pointsToday the stock market opened with a fall. Today, the BSE Sensex fell by about 537.65 points and opened at the level of 55137.67 points. On the other hand, the Nifty of NSE opened with a decline of 156.70 points at the level of 16412.80 points.
Rupee collapses against dollar, opens weak by 9 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 9 paise at Rs 77.72 against the dollar. At the same time, on Monday, the rupee closed at Rs 77.63 with a weakness of 1 paise against the dollar.
All India Weather Forecast for June 7, 2022Countrywide weather systemsA Cyclonic Circulation is persisting over Central Pakistan.Another Cyclonic Circulation is persisting over Bangladesh and adjoining areas.A Cyclonic Circulation is persisting over South Coast of Andhra Pradesh.A trough is extending from Bihar to Rayalaseema across Chhattisgarh and Telangana.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Assam, Meghalaya, Arunachal Pradesh, Andaman and Nicobar Islands, parts of Tamil Nadu Coastal Andhra Pradesh and Kerala and South Maharashtra.Light to moderate rain over parts of Northeast India Sub-Himalayan West Bengal, Sikkim, Lakshadweep, Coastal and South Interior Karnataka, Rayalaseema and Telangana.Light rain occurred over Coastal areas of South Odisha and one or two parts of Interior Odisha and Marathwada.Heat wave conditions to severe heat wave conditions persisted over parts of Madhya Pradesh and Delhi.Heat wave conditions were observed over Vidarbha and parts of Himachal Pradesh, Punjab, Haryana, West Rajasthan and one or two parts of Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over Northeast India, Andaman & Nicobar Islands and Kerala, South Karnataka and Coastal Andhra Pradesh.Light to moderate rain may occur over Sub-Himalayan West Bengal, Sikkim, East Bihar, Tamil Nadu, Rayalaseema, Kerala, South Konkan and Goa and South Madhya Maharashtra.Light rain is possible over Interior Odisha, Marathwada and Jammu and Kashmir.Heat wave conditions may occur in some parts of Madhya Pradesh and Delhi.Heat wave conditions are possible over Vidarbha and isolated parts of Himachal Pradesh, Punjab, Haryana, West Rajasthan and Uttar Pradesh.
Today evening, the rupee closed at Rs 77.63 with a weakness of 1 paise against the dollar.The fall in the Sensex increased further, closing down by breaking 94 points.Today the stock market closed with a fall.Today, where the Sensex fell by about 93.91 points, it closed at the level of 55675.32 points.On the other hand, Nifty closed at 16569.50 with a gain of 14.80 points.
Government decides MSP for farmers, why not HSP for industry?There is no doubt about the fact that the country runs from farmers, but the contribution of industry in the economy of the country should not be denied. Talking about cotton itself, the government fixes the MSP so that the farmers do not suffer any loss, but why no measures like HSP are taken to check the rising prices of cotton. Mukesh Jain, a spinning mill owner from Akola, said this troubled by the current policies of the government, especially the record high cotton prices.Actually, SIS spoke to people from different segments of the industry on the current scenario of the textile industry and tried to know their opinion, as well as questioned that the sowing season of Kharif crops has started. But, the government has not provided the figures of cotton sown so far. Whereas in early June last year, the government had released its report on the sleeping area. Know the thoughts of cotton industry spinners, ginners, brokers and traders-Up to 30 percent more crop expected in HaryanaKapur Chand Kochhar from Padmavati Agro, Maharashtra said that this time it is being said that the percentage of cotton crop will be higher, but no official comment has come yet on how much. We keep talking to the traders of Maharashtra, Punjab and Haryana, on the basis of that we estimate that 10 to 15 percent crop is expected in Maharashtra and 25 to 30 percent in Haryana. However, the correct estimate can be made only after the rain.The higher the seed sales, the higher the estimated cropRajesh Gupta, a broker who has been associated with the cotton industry for a long time, says that crop estimation makes business easier. But, the sleeping has just started, so it is not right to question the government from now on for the figures. The data will be being gathered now. The government will submit the report as soon as the facts come to light. Although the crop is correctly estimated from the report of the month of October itself. It is clear from the figure of seed sales this season that the crop must have grown by 5 to 10 per cent as compared to last year.Government should control cotton pricesSpinning mill owner Mukais Jain said that talking about the data in the cotton industry, India is far behind compared to other countries. There is also a lot of confusion in the data provided here. Keeping in mind the convenience of the traders, the government needs to change its policies. Firstly, exports should be banned and then measures should also be taken to check the unbridled rise in cotton prices.
Rupee depreciates against dollar, loses 3 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 3 paise at Rs 77.65 against the dollar. At the same time, on Friday, the rupee closed at Rs 77.62 with a weakness of 2 paise against the dollar.
Sensex collapses as soon as it opens, registers a fall of 86 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 86.08 points and opened at the level of 55683.15 points. On the other hand, NSE's Nifty fell by 23.50 points to open at the level of 16560.80 points.
All India Weather Forecast for June 6, 2022Weather systems made across the countryA cyclonic circulation is persisting over eastern part of Uttar PradeshA trough is extending from this cyclonic circulation to Nagaland across Bihar, Sub-Himalayan West Bengal and Assam.Another trough is extending from Bihar to North Coastal Andhra Pradesh across Jharkhand and Chhattisgarh.A cyclonic circulation lies over east central and adjoining southeast Bay of Bengal at 3.1 to 7.6 km above sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Assam, Meghalaya and Arunachal Pradesh.Rest of Northeast India, Andaman and Nicobar Islands, Sub-Himalayan West Bengal, Sikkim and parts of Odisha received light to moderate rains.Light to moderate rain occurred over Gangetic West Bengal, eastern parts of Jharkhand, Kerala, Tamil Nadu, South Interior Karnataka and one or two places over Vidarbha and Jammu and Kashmir.Heat wave conditions were observed over many parts of Delhi and at isolated places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Haryana, South Uttar Pradesh, North Madhya Pradesh, East Vidarbha, North Rajasthan, Odisha and Chhattisgarh.Probable weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over Northeast India, Andaman & Nicobar Islands, South Interior Karnataka and Coastal Karnataka.Light to moderate rain may occur over Lakshadweep, Kerala, Interior Tamil Nadu, Sub-Himalayan West Bengal, Sikkim, parts of Gangetic West Bengal and North Interior Karnataka.Light rain is possible over eastern parts of Bihar, South Konkan and Goa and Jammu and Kashmir.Heat wave conditions are possible over many parts of Delhi and at isolated places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Haryana, South Uttar Pradesh, North Madhya Pradesh, East Vidarbha, North Rajasthan Odisha and Chhattisgarh.
Today evening, the rupee depreciated by 2 paise to close at Rs 77.62 against the dollar.Heavy morning rush turned into evening decline, 49 points brokenThe stock market, which opened with a huge boom this morning, again came under the grip of a fall in the evening. Today, where the Sensex closed at the level of 55769.23 points down by about 48.88 points.On the other hand, Nifty closed at 16584.30 with a gain of 43.70 points.
Sowing of Kharif crops gets low as compared to the previous year by June 03rdThe sowing of kharif crops gets started with the onset of June. The major crops that are sown in the season are pulses, cereals, rice, oilseeds, cotton, sugarcane etc. As per the report generated by the government here is the comparative analysis of sowing area of kharif crops( in lakh hectare) in the month of June in last year and the current year.Pulses including arhar, kulthi, urad, moong has been sown in 1.09 ( lakh hectare) area which was sown in 0.81 last year , which records a difference of 35.08% increase of sowing area.Rice being a major kharif crop has recorded downfall in terms of sowing that is the difference of 0.14 lakh hectare.If we talk about oilseeds, there’s no apparent difference in sowing it was 0.37 by the start of June in last year and current year as well.As far as Jute and Mesta are concerned they have covered a little lesser area than the last year that is 6.45 in 2021 and 6.31 in 2022.Last but not the least; the government has not revealed any data of plantation of cotton seeds yet. But, if we look at the last year’s data, cotton had covered 13.55 lakh hectare area.In essence, By this time in last year kharif crops had already been sown in 72.28 lakh hectare area, which is merely 10.02 this year which is clearly 86.13% less.
Government unable to cater the data of sowing of cottonEven after the start of sowing season of one of the major kharif crops cotton, the government has still not provided the facts of cotton sown in terms of area covered. Cotton being a major commodity for traders, millers, spinners, ginners and many others, its information is crucial to every sector. The unavailability of the amount of crop sown can affect severely every entity associated with it.However, if we take a look at the last year’s data, by the start of June the cotton crop had already been sown in 13.55 lakh hectare area. On this basis, industry owners and others can speculate the quantity of plantation but it’s quite risky to make sensitive moves without being available with crisp data.
Rupee opens 12 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 12 paise at Rs 77.48 against the dollar. At the same time, on Thursday, the rupee closed at Rs 77.60 with a weakness of 9 paise against the dollar.
All India weather forecast for June 3, 2022Weather systems made across the countryparts of central Arabian Sea, some more parts of Karnataka, parts of Konkan and Goa, parts of Tamil Nadu, parts of southwest Bay of Bengal, west central and northeast Bay of Bengal, and parts of northeast India Conditions are becoming favorable for further advance of Southwest Monsoon into sub-Himalayan West Bengal and Sikkim during next 24 to 48 hours.A Cyclonic Circulation lies over Southeast Uttar Pradesh and adjoining region.A trough is extending from a cyclonic circulation over Southeast Uttar Pradesh to East Bangladesh across South Bihar, Jharkhand and Gangetic West Bengal.The Cyclonic Circulation lies over South Bangladesh and adjoining North West Bay of Bengal, extending up to 5.8 km above sea level. Leaning to the south with altitude.A windswept john between 3.1 and 5.8 km can be seen at 10°N latitude in the South Peninsula.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated falls occurred over northern parts of Andaman and Nicobar Islands, parts of Manipur, Meghalaya, Sikkim and one or two parts of Kerala and Lakshadweep.Light to moderate rain occurred at isolated places over rest of North East India, Interior Tamil Nadu, Coastal and North Interior Karnataka, parts of North and East Uttar Pradesh and Jharkhand.Light rain occurred over Chhattisgarh, Coastal Andhra Pradesh, Konkan and Goa and parts of Jammu and Kashmir.Dust storm, thunderstorm and light rain occurred in parts of Haryana and North Rajasthan of Delhi.Heat wave is prevailing in different parts of North Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with one or two parts of Sikkim, North East India, parts of Andaman and Nicobar Islands, Lakshadweep, Rayalaseema and South Interior Karnataka and Kerala is likely to occur at isolated places.Light to moderate rain may occur over Coastal Karnataka, Interior Tamil Nadu, Sub-Himalayan West Bengal and Jammu and Kashmir.Heat wave is possible in isolated parts of Rajasthan, South-West Uttar Pradesh and Madhya Pradesh.
Rupee slips 10 paise to close at 77.60 against US dollarThe rupee depreciated by 10 paise to close at 77.60 (provisional) against the US dollar on Thursday, even as oil prices eased and domestic equities settled on a positive note.Sensex rebounds after 2-day hiatus, ends 437 pts higher; Nifty tops 16,600; RIL up 4%, Adani group stocks rally up to 5%sensex jumping 437 points amid heavy buying in index heavyweight Reliance Industries and positive trends from European markets. The 30-share BSE Sensex jumped 436.94 points or 0.79 per cent to settle at 55,818.11. During the day, it gained 510.75 points or 0.92 per cent to 55,891.92. The broader NSE Nifty climbed 105.25 points or 0.64 per cent to finish at 16,628.
Powerloom units resumes production in Coimbatore and Tirupur districts after yarn price hikeMost of the powerloom units in Tirupur and Coimbatore have resumed their operation which was halted in protest of rise of yarn rates, on Wednesday.The job work weavers who depend on beams manufactured by powerlooms were greatly suffering by the stoppage of operations and thus for their sake the units started them again as told by, K Sakthivel, co-ordinator of Tirupur and Coimbatore Textile Manufacturers Federation. We are also looking forward to shift to artificial yarns like polyester and rayon to keep the working on. Units will start working with cotton again as soon as the price drops, he added.On the other side, G Venkatesan, vice president of South India Spinners Association said the spinning mills will continue to strike by cutting their production. They are operating on 40% capacity just to keep the spindles in good condition.