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In Brief
Friday, 21 May 2021 22:18 Private equity / VC
Krishitantra, a soil-tech platform, has raised $1 million (Rs 7.6 crore) in its seed round of funding from agritech-focused venture capital investor Omnivore and Nabventures. Nabventures is anchored by Nabard (National Bank for Agriculture and Rural Development). It has other investors as well. The startup will primarily use the funding to fuel its local and foreign expansion.
Given the rise in the spread of the coronavirus (Covid-19) infection and imposition of fresh localised lockdowns, the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) on Wednesday decided to leave the key repo-rate unchanged at 4 per cent. It also maintained the policy stance as ‘accommodative’ to keep the liquidity taps running in the economy. “The recent surge in infections, however, imparts greater uncertainty to the outlook,” RBI governor Shaktikanta Das said today, setting the stage for the financial year of 2021-22 (FY22). April policy was the first bi-monthly MPC meeting of the new fiscal year. “Localised and regional lockdowns could dampen the recent improvement in demand conditions and delay the return of normalcy,” he said.
Karnataka farmers sell paddy to Reliance Retail above MSP On behalf of 1,100 farmers, who are our company s shareholders, an agreement has been signed on January 6 to sell about 1,000 tonne of their paddy (Sona Masoori rice variety) to Reliance Retail at Rs 1,950 per quintal (100 kg), which is Rs 100 above the MSP of Rs 1,850 per quintal, Swasthya Farmers Producing Company (SFPC) Managing Director V. Mallikarjun told IANS on phone. January 11, 2021 / 07:53 AM IST
About 1,100 farmers in Karnataka signed an agreement to sell their paddy directly to Reliance Retail, arm of Reliance Industries Ltd (RIL), above the minimum support price (MSP) through an agro-based company at Sindhanur in the state s northern region, an official said on Sunday.
K taka farmers sell paddy to Reliance Retail above MSP
By IANS |
Published on
Sun, Jan 10 2021 17:03 IST |
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Karnataka farmers sell paddy to Reliance Retail above MSP Image Source: IANS News
Bengaluru, Jan 10 : About 1,100 farmers in Karnataka signed an agreement to sell their paddy directly to Reliance Retail, arm of Reliance Industries Ltd (RIL), above the minimum support price (MSP) through an agro-based company at Sindhanur in the state s northern region, an official said on Sunday. On behalf of 1,100 farmers, who are our company s shareholders, an agreement has been signed on January 6 to sell about 1,000 tonne of their paddy (Sona Masoori rice variety) to Reliance Retail at Rs 1,950 per quintal (100 kg), which is Rs 100 above the MSP of Rs 1,850 per quintal, Swasthya Farmers Producing Company (SFPC) Managing Director V. Mallikarjun told IANS on phone.
Under new amendment, over 1,000 farmers in Karnataka sell paddy to Reliance Retail above MSP daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.