Modi unveils 10,000 Farmers Producer Organisations to boost farm income

Aiming to augment agricultural income by helping farmers trade in their produce, Prime Minister today launched 10,000 Farmers Producer Organisations (FPO) all over the country.

Addressing the launch ceremony at Chitrakoot district in Uttar Pradesh, Modi said the government would spend Rs 5,000 crore in the next five years to strengthen FPOs for the benefit of farmers.

“The farmers have always been producers, but with the help of FPOs, they can now trade in farm produce. They will sow crop and also act as skillful traders to get the right prices,” he observed.

On the occasion, he also laid the foundation of UP’s mega infrastructure project, the 296-km Expressway, which is estimated to cost Rs 15,000 crore.

The PM said the Central Government had integrated farm policies with the farmers’ income to maximise the benefits even as he referred to the increase in the minimum support price (MSP), soil health card, neem coated urea and reenergising irrigation schemes to buttress his point.

“More than 85 million farmers’ families have been provided with over Rs 50,000 crore under PM Kisan, of which more

Read More

Hero MotoCorp inaugurates first-ever training centre for women at Ambala

Ltd on Saturday said it has inaugurated the first-ever training centre for women at Industrial Training Institute (ITI) at Ambala in Haryana.

The Centre of Excellence for Women – at ITI Ambala in Haryana will build key skill-set amongst women.

Launched in association with the and Industrial Training Department, Government of Haryana and United Nations Development Program (UNDP), the centre aims to enhance employment opportunities for women in the automotive industry.

The industrial training will be imparted to women in a fully functional technician training labs set up under this association, a company statement said.

Launched under Ek Pahal — a Corporate Social Responsibility (CSR) initiative of — the centre will also have a two-wheeler riding training facility for women.

The centre is equipped with conventional learning facilities, including a fully automated technician training labs with pneumatic tools and precision equipment, it said.

In addition, live cut sections of Hero Engines and other two-wheeler parts have also been installed to help the trainees gain hands-on expertise in latest automobile technologies, it added.

Read More

Buying shares vs. Trading CFDs: what is the difference?

When it comes to buying shares, you are either an investor or a speculator. An investor holds a piece of stock for the long term while a speculator capitalises on short term volatility.

Both the investors and the speculators aim to make money depending on the accuracy of their predictions.

As Warren Buffet, the world-renowned value investor puts it, investing is a long term game. When you invest in a piece of common stock, you are investing in the issuing company. Consequently, your eyes should be on the fundamentals of the company, including its long term growth plan.

However, in speculation, your focus is the short-term price movements resulting from the forces of demand and supply. Speculators can try to make money in both the rising and falling markets depending on their strategy.

How to speculate on shares

You can speculate on shares by buying low and selling high or through what is known as short-selling. In short selling, the speculator borrows the stock they believe will decline in price from the broker and sells it at the current rate. They then have to wait for the prices to go down after which they repurchase the stock and return it

Read More

GDP growth higher than expectations, but no Covid-19 impact spoken of

The GDP numbers that have been released are significant for three reasons. First, the second advanced estimate does not expect growth to change from the earlier projection of 5 per cent for FY20 which is a comfort. Second, the impact of has not been mentioned and hence it implies that is not likely to dent these numbers, which is a positive though the sceptic would remain uncertain on this issue. Third, for Q3, growth has come in at 4.7 per cent, which is higher than expectations and could be the precursor to the even higher growth number expected in Q4, which should be around 5 per cent. The low base effect will help move towards this number, but beyond that there are few signs of a rebound this year, especially with the for Jan showing just about stable growth of 2.2 per cent. IIP growth will be low this month.

The discomforting fact from the numbers is that investment continues to be declining as the GFCF rate is to be lower at 27.5 per cent this year as against 29 per cent last year. This reveals that investment is still stagnant and

Read More