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Business Standard
19 minutes ago
- Business Standard
Will explore more, no compromise on farmers' interests: Shivraj on tariffs
Union Agriculture Minister Shivraj Singh Chouhan on Tuesday lauded Prime Minister Narendra Modi for his determination to protect the interests of farmers in the wake of tariff pressures and said it has been decided that there will be no compromise with the interests of the farming community. Speaking at an event in Subrahmanyam Hall in New Delhi, Chouhan emphasised that India's population is its strength and the country will also find new markets. In a veiled reference to the United States imposing 50 per cent tariff on India and apparent pressure in trade talks for greater access to India's agriculture and dairy sectors, Chouhan said there is vast difference in the size of landholdings and agricultural practices and cost of production in the two countries. "The whole country was apprehensive, know how much land they hold: 10,000 hectares, 15,000 hectares. Meanwhile, our farmers have land ranging from one acre to three acres, with many having just half an acre. We have a little land. Is this competition fair? You use GM seeds. There are different kinds of perceptions about our GM. The whole country was apprehensive, what will happen? They want their soybean to come here, their wheat, maize, rice," the Agriculture Minister said. "The cost of production per hectare is less there because GM seeds and other things are used, so the yield is more and the cost is less. The cost of production per hectare here is much higher than there, and if it had come openly, the prices of the crops here would have fallen further in our country. Where would the farmer go? Therefore, it was decided that no matter what happens, there will be no compromise with the interests of the farmer," he added. Chouhan referred to PM Modi's remarks that no matter how much loss he personally incurs, there will be no compromise with interests of farmers. "Prime Minister Narendra Modi said recently that no matter how much loss I personally incur, but the interests of farmers will not be compromised. This is the voice of India, voice of brothers, be assured. If there is some difficutly, we will see. We will find new markets, and India itself is such a big market that our things will be consumed here. The population of the whole of Europe is 50 crore, America's is 30 crore, our population of 144 crore is not our weakness; it is our strength. That is why this decision was taken. It is also testing time, we don't have budge, bow..." Chouhan said. US imposed 25 per cent reciprocal tariffs on Indian goods last month and increased it to 50 per cent over import of Russian oil. Chouhan also spoke of the government's determination to provide more resources to agriculture. Chouhan also dismissed nuclear sabre-rattling by Pakistan Army Chief Asim Munir and said India has decided to put the Indus Waters Treaty in abeyance after the Pahalgam terror attack. "Today, as a farmer, I want to congratulate our Prime Minister Narendra Modi, I want to thank him. The first thing is the Indus Water Treaty. Now the neighbour is giving threats from America. India is not going to be afraid of any threat. The whole world should hear that the Indus Treaty has been cancelled, and our water will be used for the farmers. This is Modi ji's decision. Such an unjust treaty, the rivers, land, water are ours and the canal will be built in Pakistan. We gave 80% of the water, and Nehru ji also gave money to build the canal there; this was a sin. Now this will not be allowed at any cost; our water will be used for our own purposes," Chouhan said. Referring to Pakistan's support for cross-border terrorism against India, Chouhan said PM Modi has made it clear that "blood and water cannot flow together". He said the government would soon bring in a new law to take strict action against those producing fake fertilisers and chemicals. He said various schemes for farmers' welfare are being advanced on priority and digital payment of insurance amounts was made to farmers on Monday from Jhunjhunu in Rajasthan under the Pradhan Mantri Fasal Bima Yojana. The Union Minister highlighted PM Modi's 'Nation First' resolve and emphasized that the Prime Minister has always taken strong, bold, nation-centric decisions, for which the country will forever remain indebted.


Mint
19 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 13 August 2025
Breakout stocks buy or sell: Indian benchmarks ended lower on Tuesday, mirroring weakness across Asian markets, as investors awaited India's July inflation figures and the US inflation report, both seen as key factors that could sway market sentiment. At the close, the BSE Sensex fell 368.49 points, or 0.46 per cent, to 80,235.59, while the NSE Nifty 50 declined 97.65 points, or 0.40 per cent, to settle at 24,487.40. The broader market reflected a cautious mood, with the Nifty Midcap 100 slipping 0.27 per cent, while the Nifty Smallcap 100 finished unchanged, suggesting minimal activity outside the large-cap segment. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market is trading in a broader range of 24,300 to 24,650. Speaking on the outlook of Indian stock market, Bagadia said, ' Bullish or bearish trend can be assumed on the breakage of either side of this range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Tbo Tek, Wockhardt, Hubtown, Acme Solar Holdings, and Diffusion Engineers. 1] Tbo Tek: Buy at ₹ 1445.4, target ₹ 1550, stop loss ₹ 1394; 2] Wockhardt: Buy at ₹ 1515.6, target ₹ 1622, stop loss ₹ 1462; 3] Hubtown: Buy at ₹ 348.85, target ₹ 375, stop loss ₹ 336; 4] Acme Solar Holdings: Buy at ₹ 285.9, target ₹ 306, stop loss ₹ 275; 5] Diffusion Engineers: Buy at ₹ 339.45, target ₹ 365, stop loss ₹ 327. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
19 minutes ago
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 13 August 2025
Buy or sell stocks: After extending its Monday rally in the first hour, the Indian stock market came under selling pressure and ended lower on Tuesday. The Nifty 50 index finished 97 points lower at 24,487, the BSE Sensex ended 368 points lower at 80,235, while the Bank Nifty index corrected 467 points and closed at 55,043. Tech Mahindra, Maruti, and Hero MotoCorp led the charge among the Nifty's top performers. Conversely, it was a tough session for heavyweights like Bajaj Finance, Trent, and Hindustan Unilever, which ended as the major losers within the Nifty pack. Trading volumes in the NSE cash market were slightly lower today, down 3% compared to yesterday. Among the sectoral indices, Pharma, Media, Healthcare, and Auto emerged as major gainers, indicating pockets of resilience and investor interest in these segments. However, the day's decline was primarily driven by Nifty Financial Services, Private Banks, and Realty, which ended the day as major losers, weighing down the benchmark index. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market is trading cautiously as the Nifty 50 index is in a broader range of 24,000 to 24,700. The Prabhudas Lilladher expert said that a bullish or bearish trend can be assumed on the breakage of either side of this range. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index continues to remain volatile, resisting near the 24,700 zone with uncertainty prevailing, having no clear directional move and slipped down to close below the important 24500 zone with bias and sentiment precariously placed as mentioned earlier. The index needs to move decisively above the 24,800 level to establish some conviction and clarity for further upside movement, with the important 200-period SMA at the 24,000 level positioned as the crucial support from the current rate, which needs to be sustained." On the outlook of the Bank Nifty today, Parekh said, "The Bank Nifty index continues to hover between the tight, narrow range of 55,000 and 55,700 zone with bias maintained with a cautious approach and would need a decisive breach above the 50-DEMA at 56,000 level to bring some hope for further upside movement in the coming sessions. With the index precariously placed at the current juncture, a decisive breach below the 54,400 zone shall trigger intensified selling pressure overall weakening the trend, with the next major support positioned near the important 200-period SMA at the 52,700 zone." Parekh said that immediate support for the Nifty 50 index is placed at 24,300, while the resistance is at 24,700. The Bank Nifty would have the daily range of 54,500 to 55,600. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Archean Chemical Industries, DCB Bank, and Hubtown. 1] Archean Chemical Industries: Buy at ₹ 640, Target ₹ 680, Stop Loss ₹ 615; 2] DCB Bank: Buy at ₹ 124, Target ₹ 130, Stop Loss 120; and 3] Hubtown: Buy at ₹ 348, Target ₹ 370, Stop Loss ₹ 338. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.