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Time of India
3 days ago
- Business
- Time of India
If I became CM, I would give Rs 1 lakh incentive to regular farm loan repayers: Mushrif
Kolhapur: Govt spent Rs 46,000 crore last year towards Mukhyamantri Mazhi Ladki Bahin yojana installments of Rs 1,500 for all eligible women. Therefore, the financial situation is tough, as a result of which, govt is unable to fulfil the promise of farm loan waiver as promised by Mahayuti during the assembly election, said NCP politician and minister of medical education Hasan Mushrif. Speaking at Vandur village in Kolhapur on Saturday evening, Mushrif said that if in the future he becomes the chief minister, he would increase the incentive to the farmers repaying loans regularly from Rs 50,000 to Rs 1 lakh. Due to the promise of a loan waiver, farmers have kept their loan dues pending, except in Kolhapur district, where 91% of agricultural loans were recovered. "Another promise we made is the loan waiver to the farmers. The situation is quite challenging. This year, we disbursed Rs 46,000 crore for Ladki Bahin. Recently, we found that as many as 14,000 men have been listed as beneficiaries. I have a different view on loan waiver. Farmers don't pay loans if govt declares the intention of a loan waiver. The dues keep pending. The banks go deep into crisis. Therefore, if I become CM in the future, by the grace of God and people's support, I will increase the incentive amount to Rs 1 lakh from Rs 50,000," said Mushrif. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Official IQ Test: What is Your IQ? | Answer 30 Questions to Find Out IQ International Undo Mushrif also said govt has not distanced itself from increasing the Rs 1,500 monthly Ladki Bahin instalment to Rs 2,100. "Press the button in front of clock (NCP symbol) and lotus (BJP symbol) during the upcoming zilla parishad and local body elections. We will not rest until we get Rs 2,100 into the accounts of Ladki Bahin beneficiaries," said Mushrif.
Time of India
02-07-2025
- Business
- Time of India
Where are silver prices headed? Rich Dad Poor Dad author sees ‘explosion' in July; here's the outlook
Best-selling author Robert Kiyosaki has once again stirred the investment world, this time with a forecast that silver prices are set to 'explode in July.' Taking to social media platform X, the Rich Dad Poor Dad author called silver the 'best asymmetric buy' currently available, highlighting its high reward-to-risk ratio. 'Silver is the best 'asymmetric buy' today. That means more possible upside gain with little downside risk. Silver prices will explode in July,' Kiyosaki wrote. He further added, 'Everyone can afford silver today… but not tomorrow,' urging followers to act while prices remain accessible. 'Your profits are made when you buy… Not when you sell,' he said. Kiyosaki's dramatic prediction comes as market analysts also turn bullish on silver's prospects, citing a combination of geopolitical tension, industrial demand, and favourable market dynamics. Jigar Trivedi, senior research analyst, currencies & commodities at Reliance Securities, highlighted silver's growing appeal as a safe-haven asset amid rising geopolitical tensions and trade uncertainties. He told ET that while gold continues to hold its ground as a traditional safety net in times of crisis, Trivedi pointed out that silver is gaining an edge due to its increasing industrial demand, particularly from the electric vehicle and solar energy sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Official IQ Test - Updated 2025 IQ International Undo Trivedi also expected COMEX silver prices to climb to $36–$37 per ounce, with MCX silver potentially reaching Rs 1,10,000 per kg within a month. He attributed the projected gains to a weaker dollar and rising safe-haven demand and urged investors to maintain a diversified portfolio, suggesting an allocation of 12–15% in silver. Jateen Trivedi, VP research analyst at LKP Securities, expected a structural turnaround in the white metal's price trajectory. He pointed out that silver, after a prolonged downtrend since its 2011 peak of $49.50, began a significant upward reversal in 2020. Silver has seen a sharp rally of nearly 60% over the past two years, with prices rising from Rs 87,000 to Rs 1,04,500 in 2025. According to Jateen, the metal could climb further to Rs 1,10,000–Rs 1,20,000 this year, driven by consistent demand from green energy industries and the ripple effects of global geopolitical tensions. He continues to favour a buy-on-dips strategy for investors aiming to tap into the current upward trend. Naveen Mathur, director, commodities & currencies at Anand Rathi Shares and Stock Brokers, highlighted that silver's rally to 13-year highs may be part of a larger, multi-year trend. The recent surge in silver prices has been fuelled by a combination of strong industrial demand, safe-haven buying, and persistent trade-related uncertainties, according to Mathur. He believed that silver is poised to outperform gold in the second half of 2025, forecasting a trading range of $38.70–$41.50 per ounce, roughly Rs 1,15,000–Rs 1,23,000 per kg in MCX futures. Looking ahead, Mathur expects silver to climb as high as $50 per ounce globally, or Rs 1,50,000–Rs 1,70,000 per kg in the Indian market over the next three to five years. He attributes this bullish long-term view to ongoing supply deficits, with 2025 marking the fifth straight year of market shortfall. While Kiyosaki's prediction of a sharp spike in silver prices this July may seem ambitious, the current momentum, underpinned by macroeconomic trends, strong industrial use, and tightening supply, suggests silver is likely to stay in the spotlight. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
