State agri minister writes to Centre, seeks MSP hike for forest produce
2
Ranchi: Jharkhand agriculture, animal husbandry, and co-operative minister Shilpi Neha Tirkey on Saturday wrote a letter to union tribal affairs minister Jual Oram seeking a reasonable hike in minimum support prices (MSP) of minor forest produce (MFP), on which large section of Jharkhand is dependent for their livelihood.
Tirkey said the MSP determined for various forest produces under the 'MSP for MFP' scheme of the tribal affairs ministry is much below the market prices.
A significant portion of the state's population relies on forest products such as lac, karanj seeds, mahua, sal seeds, wild honey, and chironji. "Determination and implementation of the MSP for MFP is done under the "MSP for MFP" scheme of the ministry of tribal affairs.
However, it has been observed that the MSP fixed for these products is significantly lower than the prevailing market rates. Due to this gap, the tribal communities dependent on forest produce are not getting adequate benefits," Tirkey wrote in her on the letter.
The minister further wrote that The MSP for Kusumi lac is Rs 275 per kg, while the market rate ranges from Rs 730 to Rs 750 per kg. The MSP for wild honey is Rs 225 per kg, while the market rate ranges from Rs 600 to Rs 800 per kg.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is it legal? How to get Internet without paying a subscription?
Techno Mag
Learn More
Undo
While Chironji has an MSP of Rs 126 per kg, whereas the market price is Rs 250 to Rs 300 per kg. Similarly, the MSP for mahua flowers is Rs 30 per kg, while the market rate is Rs 45 to Rs 60 per kg.
Tirkey appealed to the union minister to re-determine the MSPs based on scientific methods and current market rates.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
Leo Daily Horoscope Today, July 21, 2025: Let your heart lead, not your pride
Today brings a powerful chance to release old habits and patterns that have been stopping your progress. You may feel slightly emotional or unsettled, but that is only because something deep inside is shifting. Trust this process of letting go. It is time to clear your inner space for new energy to enter. Your inner strength is ready to take the lead. Do not resist change now. The more you release what no longer helps your growth, the lighter you will feel. Leo Love Horoscope Today Love today asks for emotional honesty. You may notice certain patterns in your relationships that keep repeating. This is your chance to change how you respond, not just what you expect from others. If in a relationship, speak with calmness and share your feelings gently. Let your heart lead, not your pride. If single, try not to carry past disappointments into new connections. Today is about emotional freedom. Only by releasing the past can you create space for real love. Leo Career Horoscope Today Career matters may demand a new attitude from you today. You might feel tested or challenged by someone's behavior or an old work issue. Instead of reacting with anger, try a calm and mature approach. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo What you avoid now may grow later, so it's better to face it directly. There is power in soft confidence. If something in your work routine is not helping your growth, think about changing it. You will see success when you act from a place of inner clarity. Leo Money Horoscope Today Financially, you may need to review your past habits. Are you spending from a place of emotion or discipline? The day supports making wise decisions by letting go of unnecessary expenses. If an investment or deal has not been working, don't keep holding it for pride's sake. Release it and redirect your energy. You have the chance now to create a new financial pattern, one based on planning, not pressure. Let your decisions be steady and rooted in long-term stability. Leo Health Horoscope Today Health today needs your attention, especially emotional health. Stress may affect your heart or digestion if you keep holding in feelings. Letting go of tension is not weakness; it is self-care. Try breathing exercises or simply walk away from what drains you. Old health patterns like skipping meals or lack of sleep must be replaced. Eat warm, cooked food and drink herbal tea if your system feels off. You will feel stronger once your body and mind both agree to heal. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Time of India
an hour ago
- Time of India
Capricorn, Taurus, Virgo, and Scorpio; These zodiac signs are built for wealth
While financial acumen can be learned, astrology suggests some individuals are simply destined for prosperity. According to experts in astro-economics, certain zodiac signs are naturally aligned with wealth, ambition, and financial success. Whether it's their strategic thinking, risk-taking attitude, or intuitive sense of value, these signs often find themselves climbing the money ladder faster than others. Here are the Top 4 Zodiac Signs who are considered natural-born moneymakers : 1. Capricorn (December 22 – January 19) Ruled by: Saturn Trait: Discipline, long-term planning, and tireless ambition Capricorns are known for their methodical approach to success. With an eye for structure and long-term gains, they are often found in leadership roles or managing their own empires. Patience is their superpower, and they understand the value of delayed gratification, making them excellent investors and planners. 2. Taurus (April 20 – May 20) Ruled by: Venus Trait: Practical, value-oriented, and wealth magnet Taurus natives have a natural affinity for luxury and stability. They possess an excellent sense of timing when it comes to money and rarely make impulsive decisions. Their grounded nature allows them to build wealth steadily through smart financial habits and a love for security-driven investments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo 3. Virgo (August 23 – September 22) Ruled by: Mercury Trait: Detail-oriented, analytical, and prudent Virgos approach money like they approach everything else with precision and planning. Their analytical mind helps them spot financial opportunities others miss. Whether it's budgeting, investing, or managing a business, Virgos have a knack for turning small opportunities into big rewards. 4. Scorpio (October 23 – November 21) Ruled by: Pluto & Mars Trait: Strategic, intense, and fearless with risks Scorpios are financial strategists. They are not afraid to take calculated risks, especially when it comes to high-stakes ventures. Their ability to read between the lines and stay three steps ahead makes them powerful players in industries like finance, real estate, and entrepreneurship. Astrology may not be a financial plan, but for those who believe in celestial influence, these four zodiac signs certainly seem to have the stars on their side when it comes to money. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Time of India
an hour ago
- Time of India
Beyond 1:1 bonus issue, why HDFC Bank shares remain top pick after Q1 results
HDFC Bank 's first-ever bonus issue in a 1:1 ratio caught investors' attention, particularly from retail investors, amid speculation that the move could be a smokescreen for underwhelming quarterly results. But brokerages are of the view that the underlying fundamentals of the bank, as seen in its June quarter performance, more than hold their ground, reinforcing its position as a top pick in the sector. Despite macroeconomic headwinds and pressure on margins, analysts across global and domestic brokerages see HDFC Bank as well placed to deliver stronger growth in the second half of FY26, aided by improving loan demand, easing regulatory constraints, and monetisation of merger synergies. Explore courses from Top Institutes in Select a Course Category Healthcare Finance Public Policy CXO Product Management PGDM Data Science Leadership Others Cybersecurity others Project Management Artificial Intelligence MCA MBA Degree Data Science Digital Marketing Operations Management Management Technology Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Jefferies said HDFC Bank's Q1FY26 results showed "better growth and buoyant outlook", with profit of Rs 18,200 crore, up 12% YoY, ahead of estimates. 'HDFC Bank's growth should continue to improve & monetisation of merger synergies should help. Stays among our top picks,' the brokerage said. Goldman Sachs echoed that sentiment, saying the quarter was "operationally in-line" and that the bank is 'now ready to deliver on loan growth in line with its guidance while improving profitability underpinned by better NIMs in 2H and operating leverage.' The brokerage expects loan growth to improve from 12% in FY25 to 20% by FY27. Nomura, while noting that loan growth was soft in Q1 at 6.7% YoY and flat sequentially, said 'we expect HDFC Bank to deliver RoA/ROE of 1.7-1.9%/13-14.5% over FY26-28F.' The broekrage maintained a "buy" rating and raised its target price to Rs 2,190. Live Events CLSA, too, maintained its 'outperform' rating and upgraded its target price from Rs 2,200 to Rs 2,300, citing a Q1 FY26 net interest income and pre-provision operating profit beat of 2% and 10% respectively. 'While we expected an NIM reduction of 15bp for large banks, HDFC Bank surprised us with only an 11bp core NIM moderation,' the brokerage noted. CLSA praised the lender's "strong quarterly average deposit growth (both CASA and total)" and 'flat opex QoQ—another positive from the results.' Credit growth to gain traction According to Motilal Oswal, which reiterated a "buy" rating with a target price of Rs 2,300, the bank "prudently deployed HDB gains to lift floating & contingent provisions." The brokerage expects the lender to deliver FY27E RoA/RoE of 1.9%/14.9% and described the June quarter as a "steady" one, with business growth aligning with the bank's strategy to reduce its credit-deposit ratio and enhance provision buffers. Loan growth is expected to pick up in the second half of the year, particularly in retail, SME, and housing segments, helped by festive demand and favourable policy changes. Jefferies reported that 'management expects retail credit demand to improve aided by benefits from cut in tax rates, interest rates as well as regulatory easing.' Bonus issue, special dividend mark milestone HDFC Bank, India's largest private sector lender, announced its maiden bonus issue in a 1:1 ratio on Saturday. Under the terms of the issue, shareholders will receive one fully paid-up equity share of face value Rs 1 for every one existing fully paid-up equity share. The record date for entitlement is August 27, 2025. Alongside the bonus issue, the board also approved a special interim dividend of Rs 5 per share, with the record date set as July 25. The payout will be made to eligible shareholders on August 11. These corporate actions accompanied the bank's Q1FY26 results, which showed a 12% year-on-year rise in net profit to Rs 18,155 crore. Net interest income stood at Rs 31,440 crore, up 5.4% YoY, while the bank's net interest margin for the quarter moderated to 3.35% from 3.46% in the previous quarter. The moderation in NIMs was anticipated, with brokerages like Nomura and Goldman Sachs expecting them to bottom out in Q2 and improve thereafter. Goldman noted that 'pick up in loan growth should drive improvement in operating leverage,' while Nomura highlighted that the 'bank created floating provisions of INR90bn and contingent provisions of INR17bn in the quarter,' strengthening its buffer position. Target prices raised across the board Jefferies raised its price target to Rs 2,400 from Rs 2,340. Goldman Sachs' target price now stands at Rs 2,327. CLSA and Motilal Oswal have pegged the stock at Rs 2,300, while Nomura raised its valuation to Rs 2,190. While challenges persist in terms of NIM pressure and a competitive retail loan landscape, brokerages largely agree that HDFC Bank's strong balance sheet, provision coverage, and improving credit growth outlook make it a compelling long-term investment. Also read | HDFC Bank announces 1:1 bonus issue in its first-ever bonus share issue ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
