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Rupee depreciates by 15 paise against dollarThe rupee declined by 15 paise to close at Rs 82.34 against the dollar this evening.Sensex closed up by 346 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 57960.09 points with a gain of about 346.37 points.On the other hand, the Nifty closed at the level of 17080.70 points with a gain of 129.00 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/currency-news-rupees-news-dollar-news-daily-currency-market-daily-rupees-29.03.2023

Agriculture Department formed teams to stop the sale of spurious cotton seedsThe cotton farmers of Punjab have been troubled by the problem of spurious seeds for a long time. To overcome this problem, the Agriculture Department has taken a step. Bathinda Chief Agriculture Officer Dr. Dilbag Singh said that 48 Agriculture Development Officers and seven Agriculture Extension Officers have been deputed in the district to ensure that spurious cotton seeds from outside the state do not reach the market.He said that teams at block and circle level would also keep an eye on illegal seeds. He said that a six-member monitoring team has been formed in the district. He appealed to the farmers to apply online by visiting the government portal for the purchase of cotton seeds. By doing this, farmers will get good quality seeds with 33 per cent subsidy.Last year, fake cotton seed from Gujarat was sown in this cotton belt. The farmers who sowed this special seed had to bear the economic loss. In many cases, the cotton crop did not bear fruit at all.In 2021, whitefly and pink bollworm caused heavy damage to the cotton crop, after which some people sold seeds purchased from Gujarat to farmers, to ensure that the variety was whitefly resistant.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Pakistan-market-look-cotton-spot-rate-trading-naseem-usman

A look at Pakistan's cotton marketThe local cotton market remained sluggish on Tuesday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,000 to Rs 19,000 per head.The rate of cotton in Punjab is Rs 18,000 to Rs 19,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.The spot rate remained unchanged at Rs 18,700 per head. Polyester fiber was available at Rs 358 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-growers-unfulfilled-still-market-farmer-ginning-producer-cultivation

Rupee falls against dollar, breaks 6 paiseToday, the rupee opened at a level of Rs 82.25 against the dollar with a weakness of 6 paise. On the other hand, on Tuesday, the rupee strengthened by 18 paise to close at Rs 82.19 against the dollar.Sensex gains a bit more, opens up 201 pointsToday, the BSE Sensex opened at a level of 57815.07 points with a gain of about 201.35 points. On the other hand, NSE's Nifty opened at a level of 17016.20 points with a gain of 64.50 points.

Rupee strengthened by 18 paise against dollarThe rupee strengthened by 18 paise to close at Rs 82.19 against the dollar this evening.Today the stock market closed with a fall.Today, where the Sensex closed at a level of 57613.72 points with a fall of 40.14 points.On the other hand, Nifty closed at the level of 16951.70 points with a fall of 34.00 points.

Cotton growers' hopes still unfulfilled The cotton market is under more pressure than ever this year. Most of the farmers have stopped selling cotton anticipating a rise in prices. There is not much arrival of cotton in any market this season. On the other hand, due to non-increasing rate, farmers are also worried about selling cotton. Although the ginning industry is currently happy because of the low rates.At present, cotton is being bought for Rs.7.5 thousand to Rs.8300 only.Experts say there are indications that the impact will be felt in cotton cultivation in the next season, which has seen a revival in cotton cultivation in the last two-three years due to good prices. Cotton cultivation was increasing at the expense of soybeans and other crops. Due to the prices reaching 10 thousand in the market, an atmosphere of satisfaction was created among the producers. However, this rate has not been achieved this season. At present, cotton is being bought for Rs.7.5 thousand to Rs.8300 only. The purchase rate of villages has also decreased.Ginning industry happy with low ratesAkot, a major cotton market, has developed in this area. There the current rate of cotton is being sold between 7800 to 8300. However, the income is minimal. Most of the major cotton growers are still holding back the sale of cotton. Farmers are expecting an improvement in the existing rates. The cotton ginning industry is happy with the lower rates. But if we think about it from the other side, there is a possibility that it will affect farming in the coming season. If cotton cultivation declines, it may be time for entrepreneurs to recapture raw materials for the ginning industry. It had to be done in the past. Therefore, reduction in area under cotton cultivation will not be beneficial for this industry also.producers in troubleIncrease the cost of production The farmers producing cotton are spending 30 to 35 thousand per acre due to high cost of agriculture, cultivation rate and wages. This year cotton had to be bought at Rs 10 to 12 per kg. 40 to 50 percent of the income is being spent. Besides, cotton production has come down in the first phase due to incessant rains. Due to this, the farmers had estimated that this year the price of cotton would reach at least 12 thousand. But it's all the other way around. This year the producer is in trouble as it is difficult to get the price of cotton even up to Rs 10,000.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-pakistan-market-recession-trading-spot-rate-punjab

Recession in Pakistan's cotton marketThe local cotton market was bearish on Monday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,000 to Rs 19,000 per head. The rate of cotton in Punjab is Rs 18,000 to Rs 19,000 per head.The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.The spot rate remained unchanged at Rs 18,700 per head. The rate of polyester fiber was increased by Rs 3 and was available at Rs 358 per kg. 👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Tamilnadu-success-warp-weaves-weft-goverment-pm-mitra-textile-manufacturing

Rupee opens 22 paise stronger against dollarToday, the rupee strengthened by 22 paise to open at Rs 82.15 against the dollar. On the other hand, on Monday, the rupee strengthened by 11 paise to close at Rs 82.37 against the dollar.Sensex gains a bit more, opens up 165 points, Today, the BSE Sensex opened at a level of 57818.83 points with a gain of about 164.97 points. On the other hand, NSE's Nifty opened at a level of 17027.20 points with a gain of 41.50 points.

Tamil Nadu weaves success story with warp and weftThe DMK government originally planned a "large textile park" in southern Tamil Nadu for industrialization and job creation. That's when the Center came up with the concept of 'PM Mitra' parks to make India a global hub for textile manufacturing. Tamil Nadu was among the 13 states that sent proposals to the Centre.The fabric of Tamil Nadu's textile sector has been strengthened in the last few days with the formal launch of the first 'PM Mitra' Textile Park at Virudhunagar and the unveiling of policies for the industry. Virudhunagar Park is the result of the state's sustained engagement with the Center over the past two years.Industries minister Thangam Thennarasu told TOI "We followed and met stringent selection criteria. We had 1,500 acres of land readily available near the state-owned SIPCOT in Virudhunagar and that was the deciding factor. This Kanyakumari-Chennai four-lane was on the Industrial Corridor and within easy reach of Tuticorin Port and Madurai Airport”.The minister said, “Our CM (MK Stalin) brought this to the notice of PM Modi then. We also had a plenary meeting with Union Minister Piyush Goyal and explained to him the benefits of allotting such a park to Tamil Nadu. Everything enables it”.  Last week, when the park was formally launched, TN ensured that 11 companies signed an MoU to set up the units with a combined investment of Rs 1,231 crore. Stalin also urged the Center to nominate SIPCOT as the master developer so as to reduce the time taken for commissioning of the park."If everything goes according to plan, the park should be fully operational by 2025," Thennarasu said. Tamil Nadu's textile industry is naturally booming. Chandra Textiles Pvt CII-SR & MD Deputy Chairperson R. Ltd. The textile industry has always been one of the biggest employment generators in Tamil Nadu.Now, the industry is poised for rapid take-off, says SIMA President Ravi Sam. Tamil Nadu government to focus on three areas - scale, product and cotton. “We need to scale up capabilities. The recently arrived Bangladesh has 10 times the capacity of the Indian units. We also need to move up the value chain and stop focusing on basic products. There are more than 2,500 varieties and we should reduce it to about 50. Only then can one have control over the final product.Nandini of Chandra Textiles says the Center and states are promoting man-made and technical textiles. “This will put Tamil Nadu on the world map for innovation in technical textiles as our contribution as of now is very small. For this we need a lot of engagement between industry and academia. Imparting skills in technical textiles becomes an important requirement for man-made textiles, as they are completely different from traditional textile products.“Another area of focus should be labour. The industry employs mostly guest workers. Now, with many North Indian states also focusing on the growth path, the textile industry in Tamil Nadu should opt for rapid automation so that the need for blue-collar labor is less and white-collar labor is more. Hence, imparting skills becomes important,” says Nandini. The key for Tamil Nadu is to focus on emerging global opportunities in man-made fibers while consolidating its position in traditional natural fibres.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Textile-cotton-price-relieved-softening-industry-india-skyrocketing

Rupee strengthened by 11 paise against dollarThe rupee strengthened by 11 paise to close at Rs 82.37 against the dollar this evening.Sensex closed up by 127 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 57653.86 points with a gain of about 126.76 points.On the other hand, the Nifty closed at a level of 16985.70 points with a fall of 40.70 points.

Textile industry is not relieved by softening of cotton pricesWith cotton prices recently falling to Rs 61,000 per candy (356 kg), down almost 45% from their peak of Rs 1.1 lakh, there is no silver lining for the textile industry. Since the Covid-19 pandemic, Gujarat, India's textile hub, has been reeling under low capacity, falling demand and rising production costs.no hopeFinancial year 2022-23 was no different, with skyrocketing cotton prices being the prime culprit. While cotton prices have recently come down to Rs 61,000 per candy (356 kg), down almost 45% from their peak of Rs 1.1 lakh, there is no silver lining for the textile industry. With cotton from India being more expensive than other producers, textile manufacturers in Gujarat are unable to compete with their counterparts in China, Vietnam and Bangladesh.lost global competitivenessIndustry players say that, the capacity utilization has dropped to around 65%. Rahul Shah, co-chairman of the GCCI Textiles Taskforce, said, “In the last one year, our industry has lost competitiveness globally. Indian cotton used to be at least 5% cheaper than international rates. effective rates remain high compared to the international market despite the recent softening. "Low cotton yield is a growing concern. Spinning mills were forced to shut down operations in an unprecedented situation witnessed last year .👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-adilabad-suffer-farmer-due-prices-appeal-help-goverment