Hi, NewsWrap for August 31, 2021

Farm Laws, Farmers, Rajasthan CM, Stock Market, PNB, IMD,

31 August 2021

  • IMD Predicts Heavy Rains in Many States till 4th Sep

    The India Meteorological Department predicted heavy to very heavy rains in many states till 4th September. In the latest update of IMD, it has been said that enhanced rainfall activity is likely to continue over the West & Central India on 31st August (Tuesday) and the gradual reduction thereafter. IMD also said that the enhancement of the rainfall activity over Peninsular India was likely from 2nd September (Thursday).

  • Stock Market: Peak Margin Rules become Effective from 1st Sep

    The final leg of the peak margin rules is going to become effective from 1st September 2021. In this new norm, the intraday traders will have to pay a 100% upfront margin instead of 75% upfront margins. According to market experts, there is a need for the proper adjustments to this new rule otherwise it may create chaos trouble & disturbance to market participants, which include traders, brokers & investors. The fourth phase of this peak margin rule is challenging for intraday traders, stockbrokers & jobbers as they will have to prepare their clients for late margin release.

     

  • Rajasthan CM asks Centre to Repeal Farm Laws & Apologize to the Farmers

    The Chief Minister of Rajasthan Ashok Gehlot on 31st August (Tuesday) asked the Centre to repeal its 3 Farm Laws & apologize to the farmers for violence against them in Haryana’s Karnal. Gehlot said that ‘the manner in which the farmers were attacked in Haryana’ Karnal is condemnable, with such brutal actions, an atmosphere I created to instigate farmers across the country.

  • PNB Announces Lower Interest Rate on Savings Account

    The public sector lender, Punjab National Bank announced the lower interest rate on savings account deposits by 10 bps. The new interest rate of 2.90% per annum will be applicable to both existing & new savings account holders. The rate of the interest on savings account deposits has been reduced with the effect from 1st September (Wednesday).

     

  • National Commodity & Derivatives Exchange to Launch Futures Contract on index NCDEX SOYDEX

    The National Commodity & Derivatives Exchange Limited on 31st August (Tuesday) launched the futures contract on index NCDEX SOYDEX for the month of September & October expires. Today’s launch is the second successive offering in sectoral indices in the Agri commodities basket, the first being the NCDEX GUAREX, which was launched on 16th August of this month.

     

  • Sonalika launches India’s first 5G tractor

    Sonalika launches ‘Sonalika Maharaja DI 745 III' with that now they have dedicated their latest innovation in tractors for Rajasthan The Executive Director of Sonalika, Raman Mittal said, It offers as many as 140 plus lift settings ensuring precision control during farming in soft soil conditions of Rajasthan, and enormous lifting capacity of 2000 kg, making the tractor a real ‘Maharaja of Hydraulics’.  

  • Brazil develops Flower rot control prediction System in Citrus

    Fundecitrus in partnership with universities developed a system for predicting floral rot in citrus, with an objective to help the citrus grower in planning management actions to optimize the control of these important fungal diseases that affect the flowers of different species and varieties of citrus in Brazil. Geraldo Silva said that it reduces costs by up to 75%, which optimizes management and also reduces environmental impacts.

On the news

31 August 2021

That's it for for 31 August 2021
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