Only seven states and union territories, including Rajasthan, Haryana and Himachal Pradesh had distributed 50% or more of the allocated grains to migrant workers. Amid the second wave of Covid-19 and localised lockdown announced by some states that has triggered a return of migrants, Uttarakhand, Kerala and Rajasthan have requested the Centre to consider releasing
Financial News
The Producer Support Estimate for India was negative 11.2% of the value of farm receipts between 2000-01 to 2019-20, while Consumer Support Estimate was one of the highest in the world at 28.8%, according to the OECD 2021 report. Pointing out that many agri commodities lose global competitiveness due to a large number of intermediaries
The pandemic has necessitated being digital, from a consumer side rather than the traditional walk-in model. Federal Bank’s digital channels now account for 86% of the total transactions and the lender has a market share of 17.50% in personal inward remittance business in 2020. Nilufer Mullanfiroze, country head for deposits, cards & unsecured lending (retail