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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital Reliance seeks government approval to buy Iranian crude oil US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns India, Japan discuss Strait of Hormuz security Editorial. Fair deal Editorial. Wait and watch Letters to the Editor dated April 10, 2026 IPL 2026: Ad volume witness marginal dip in first 13 matches MAHE and Helogen Corporation partner for space-based biomedical research Share of Indian employees ‘engaged’ at work on a decline, says report West Asia Crisis: Induction cooking may consume 13-27 GW power In Bengal, will the Left’s vote shift to the Right? Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Sharp fall in prices hit gold ETF inflows in March Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility Invoices financed on RXIL’s platform jumps 51% to ₹1,21,105 cr in FY26 India to continue buying Russian crude oil BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon India’s textile and garments exports to the US declined 28.7% in February 2026 NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Why India’s ₹5 pack won’t disappear, but getting smaller Political climate gets Madurai temperatures soaring Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance West Asia conflict: LPG usage at 21-month low in March Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence RBI unveils medium-term strategy framework ‘Utkarsh 2029’ Unfortunate fallout of cyber crime investigations Fintechs bet big on digital FDs, eye larger share of retail savings RBI proposes ₹1 Lakh crore asset threshold for NBFC Upper Layer classification India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman E-way bill generation surged all time high of over 14 crore in March Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Broker’s call: JM Financial (Buy) Shapoorji Pallonji group reiterates call for public listing of Tata Sons TCS Q4 results: Staying in purgatory for a while Letters to the Editor dated April 9, 2026 Systematix Private Wealth aims ₹40,000-crore AUM in five years Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge Here’s everything you need to know about upcoming Assembly Elections 2026 Judging and backing early winners Nifty & Bank Nifty இந்த வாரம் (30 Mar’26 to 03 Apr’26) என்ன ஆகும்? எங்கு செல்லும்? 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Indian govt says crops in 111 districts are most vulnerable to monsoon deficit
Prabhudatta Mishra · 2026-06-23 · via Business News Today: Latest Business News, Finance News
Agriculture Minister Shivraj Singh Chauhan reviewed crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, the Rural Development Ministry and the India Meteorological Department

Agriculture Minister Shivraj Singh Chauhan reviewed crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, the Rural Development Ministry and the India Meteorological Department | Photo Credit: x.com/ChouhanShivraj

Preparing for a potential super El Nino in 2026, the Indian government has identified 111 districts highly vulnerable to crop damage due to low irrigation and high risks of rain shortages. This looming weather pattern threatens to cut agricultural output and drive up inflation.

Agriculture Minister Shivraj Singh Chouhan on Tuesday said that weak monsoon conditions were likely to persist until July 2 and cautioned that kharif crops could be impacted. He took a review of crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, Rural Development Ministry and India Meteorological Department (IMD).

Around 315 districts have been identified as potentially affected by weak monsoon conditions. Out of these, there are 111 districts (including 22 in Maharashtra and 10 in Chhattisgarh) which are classified as ‘most’ vulnerable as they have an irrigation coverage of less than 25 per cent of their cultivable land, the Ministry said in a statement.

Contingency plans

“Another 76 districts fall under the medium-priority category with irrigation coverage between 25 and 50 per cent, while 128 districts have been classified as low priority owing to relatively better irrigation facilities through dams and other sources,” it said. The Ministry has drawn up state-wise contingency plans recommending alternative crops suited to deficient rainfall conditions.

Madhya Pradesh, Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Rajasthan, Karnataka, Bihar, Jharkhand, Telangana, Andhra Pradesh and Odisha have been directed to promote pulses, oilseeds and coarse cereals that require less water, and to encourage short-duration and climate-resilient seed varieties rather than dependence on a single crop.

“There is a gap in rainfall. We need to suggest to farmers to go for alternative crops. We will not let farm fields remain empty,” Chouhan said, adding availability of seeds and fertilisers is adequate for the kharif season. The ministry has set up an El Nino Monitoring Cell, while its Crop Weather Watch Group is also tracking real-time information and issuing advisories regularly.

‘Plant alternative crops’

The Indian Council of Agricultural Research (ICAR) has prepared comprehensive guidelines for the States to work with farmers at different stages of the monsoon season based on rainfall deficit and sowing pattern.

“When monsoon onset is delayed by one to two weeks, farmers need to continue with normal crops using short-duration varieties. Suitable technologies like seed treatment, increased seed rate, closer spacing and ridge-and-furrow planting techniques should be encouraged,” said a senior ICAR scientist. If delays extend to 2-4 weeks, drought-tolerant crop alternatives such as millets, green gram (moong), black gram (urad), cowpea (huar), and sesame should be planted, he said.

“In cases where monsoon delay exceeds four weeks, emphasis should shift towards cultivation of millets, pulses, and fodder crops,” he said.

On possibilities of mid-season drought (when crops are established but rainfall suddenly ceases), ICAR has advised KVKs to promote moisture conservation practices such as inter-cultivation, mulching, earthing-up, and dust mulching, foliar sprays of nutrients, which help alleviate moisture stress. Wherever possible, life-saving irrigation should be provided using farm ponds and community reservoirs.

Normal rain in 6 States

Meanwhile, the all-India seasonal rainfall deficit between June 1 and June 23 was recorded at 42 per cent as against 43 per cent as on June 22. Currently, the east and north-east meteorological subdivision has a 40 per cent deficit, the north west 19 per cent below normal, central India 64 per cent less rainfall and the southern peninsula 26 per cent lower than normal.

There are 6 States and 4 Union Territories which have received either normal or more rainfall, whereas as many as 22 states and 4 union territories have received below normal rain during June 1-23, IMD data show.

Published on June 23, 2026