Hi, NewsWrap for September 03, 2022

03-September-2022: Farmonaut, LPG Price Drops, UPL News, ITC, SOPA, NHRDF

3 September 2022

India is World's Fifth Largest Economy, Overtakes UK

This is surely a good news that we all Indians have been waiting to hear. The Indian economy has now become the fifth largest in the world, surpassed UK. Yes, you’ve heard it right! According to Bloomberg reports, India past the UK in the final three months of 2021 to become the fifth-biggest economy. Many have tweeted their reaction to this news. Mahindra Group chairman Anand Mahindra, known for his tweets, applauded India and shared this news has made many proud. In a tweet, and I read, he wrote, “The law of Karma works. News that would have filled the hearts of every Indian that fought hard & sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude." Looks like good times have eventually arrived for the Indian economy!
Farmonaut Helps ITC To Assist Farmers

Farmonaut announces that they are assisting ITC Limited in Digitizing Farms and disseminating Satellite Based Crop Health Analysis to farmers in Uttar Pradesh, Madhya Pradesh, Maharashtra, and Rajasthan. Also, Farmonaut is constantly generating latest satellite insights and advisory about crop health, irrigation requirement, soil health and so much more for all the farmers getting on boarded.
Good News! LPG Price Drops by Rs 91.50

Good News for LPG Customers! Liquefied Petroleum Gas (LPG) cylinders weighing 19 kg are now Rs 91.50 cheaper. The new pricing will be in effect starting on September 1. Commercial LPG cylinders are retailed in Delhi for Rs 1,885, down from Rs 1,976.Hotels, restaurants, and other commercial facilities that buy 19-kg commercial LPG cylinders will benefit from the price reduction.
RBI To Digitize Kisan Credit Cards In Rural Areas

To make life easier for those who are accessing banking and credit facilities in rural areas, the RBI has taken an initiative for digitisation of rural finance, beginning with Kisan credit cards. This project along with Union Bank and Federal Bank aims to make it more efficient and cut costs and the turnaround time significantly. On this the RBI said. "Rural finance encompasses a range of financial services offered to rural customers, including farmers, at all income levels. In a country like India, rural credit is closely related to inclusive economic growth, as it caters to the requirements of agriculture and allied activities
UPL Appoints Mike Frank As CEO Of UPL Corporation

UPL Corporation, the flagship company of UPL Ltd for global operations, announced that its Board of Directors has appointed Mike Frank as the Chief Executive Officer (CEO) of UPL's Global Crop Protection (CP) business that manages all CP assets outside of India. Also Mike will be a member of the UPL Crop Protection Board of Directors.
SOPA Releases Soybean Health Report, Says Yellow Mosaic Not a Threat in Several States

The teams traveled 5787 kilometers across Rajasthan, Madhya Pradesh, and Maharashtra during that time they visited soybean farms and spoke with several farmers. Below is a report on the region and crop health based on this survey. This report's areas of focus are those chosen by the government. The report from SOPA's area estimation using satellite imagery is now being prepared and will be made public in the third week of September.
NHRDF Conducts Training Program on Mushroom Cultivation; Shares Mushroom Business Ideas

A five-day (22-26 August 2022) training program on Mushroom Production Techniques and Post-Harvest Management was organized at the National Horticultural Research and Development Foundation, New Delhi. In the training program, trainees from different states such as Uttar Pradesh, Rajasthan, Haryana, Bihar, Jammu and Kashmir, Madhya Pradesh, Uttarakhand, and Delhi participated.