Business
PM Modi’s Government Boosts Pulses Production and Exports with Increased MSP Investment
Recent data from the Ministry of Agriculture indicates that exports of pulses have significantly outpaced imports. The provision of higher Minimum Support Prices (MSP) to farmers during the NDA government’s tenure has contributed to this growth compared to the previous UPA government’s policies.
In the financial year 2014-15, India managed to export only Rs 1,218 crore worth of pulses. However, by the period of April to December 2024-25, this figure soared to Rs 4,437 crore. In the fiscal year 2023-24, the country exported 5.94 lakh metric tonnes of pulses valued at Rs 5,397.86 crore, with key markets including the United States, Turkey, and the United Arab Emirates.
The NDA government remains dedicated to achieving self-reliance in pulse cultivation and reducing the import expenditure further, as stated by the official. The procurement of food grains has risen dramatically from 761.40 lakh metric tonnes in 2014-15 to 1,062.69 lakh metric tonnes in 2022-23, benefiting over 1.6 crore farmers. Consequently, the spending (at MSP values) on food grain procurement increased from Rs 1.06 lakh crore to Rs 2.28 lakh crore during the same timeframe.
Currently, the procurement of pulses at MSP is actively underway, supported by the extension of the integrated Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) Scheme through the 15th Finance Commission cycle until 2025-26. This initiative aims to ensure that farmers receive better prices for their produce.
Procurement has commenced in states such as Andhra Pradesh, Karnataka, Maharashtra, and Telangana, with 0.15 lakh metric tonnes of tur (arhar) already acquired by February 15, benefiting 12,006 farmers. Efforts to procure tur in additional states will begin shortly, with the Centre committed to purchasing 100% of tur produced by farmers through central nodal agencies like NAFED and NCCF.
To encourage farmers in improving domestic pulse production and reducing dependency on imports, the government has sanctioned the procurement of tur, urad, and masur at 100% of the state’s production for the 2024-25 procurement year. Furthermore, the Budget for 2025 announced that this procurement scheme for tur (arhar), urad, and masur will continue for an additional four years under Central Nodal Agencies to reach self-sufficiency in pulses.
Union Minister for Agriculture and Farmers’ Welfare Shivraj Singh Chouhan has approved the procurement of tur (arhar) in states including Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Telangana, and Uttar Pradesh under the Price Support Scheme for the Kharif 2024-25 season, totaling 13.22 lakh metric tonnes.
The integrated PM-AASHA Scheme is designed to enhance the effectiveness of procurement operations, ensuring farmers receive fair prices for their crops while also managing price fluctuations of essential commodities by maintaining a buffer stock for consumer availability at reasonable rates when market prices rise.
Under the Price Support Scheme of the integrated PM-AASHA Scheme, the central nodal agencies procure the designated pulses, oilseeds, and copra that meet the Fair Average Quality standards directly from registered farmers through state-level agencies.
Business
Overseas Loans by Indian Firms See Sharp Decline
Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.
Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.
In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.
In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.
Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.
READ MORE :AC Coach of Thiruvananthapuram-Delhi Rajdhani Express Catches Fire
The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.
Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.
Business
Fuel Prices Hiked by Rs.3 per Litre across India
New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.
After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.
The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.
The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.
READ MORE :Two Final-Year Engineering Students Drown in Bhadra Canal
Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.
Business
Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong
Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.
Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.
Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.
Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.
READ MORE :Mango Sheera Emerges as a Popular Summer Dessert
Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.
Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.
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