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The Herald Scotland
8 hours ago
- Business
- The Herald Scotland
DWP benefits and pensions changes August Bank holiday 2025
When a payment date falls on a weekend or a bank holiday, then the Department for Work and Pensions says the claimant is generally paid on the working day before. Most payments due on Monday August 25 2025 will instead be made early, with most arriving on Friday August 22. If your payment is due on a different day, it will arrive in your account as normal and the amount you are due to be paid will remain the same. These are the benefits that may be affected by the bank holiday weekend: Attendance Allowance Carer's Allowance Child Benefit Disability Living Allowance Employment and Support Allowance Income Support Jobseeker's Allowance Pension Credit Personal Independence Payment (PIP) State pension Tax Credits Universal Credit While you may be paid earlier in some cases, the money will also have to last you longer, as payment dates will return to normal afterwards. Recommended reading: The DWP confirmed the early payment policy on its official website, stating: 'If your payment date is on a weekend or a bank holiday, you'll usually be paid on the working day before.' While the amount being paid out will stay the same, experts are warning that the earlier date could throw off people's budgeting, especially as the cost-of-living crisis continues to bite. The two remaining bank holidays for 2025 fall on Christmas Day and Boxing Day.
New Indian Express
12 hours ago
- Business
- New Indian Express
Dharmapuri farmers urge state govt to establish cooperative mill for tapioca
DHARMAPURI: Farmers in Dharmapuri have urged the Tamil Nadu government to establish a cooperative mill exclusively for procuring tapioca from local cultivators. They argue that poor market demand coupled with low pricing is causing significant losses, and a cooperative mill would help improve their profits. Tapioca is cultivated across approximately 12,700 hectares in Dharmapuri, with each hectare yielding about 43 to 50 tonnes. As tapioca roots take eight to nine months to mature, farmers typically realise profits only once a year. Speaking to TNIE, K Saminathan of Harur stated, "Tapioca is primarily cultivated by small-scale farmers on less than two acres. Additionally, a lack of water makes crop rotations difficult. A cooperative mill procuring tapioca at the Minimum Support Price (MSP) would allow farmers to reap some benefits." Another farmer, KS Saravanan of Bommidi, said, "Last year, tapioca fetched between Rs 3,000 to Rs 5,000 per tonne during harvest season, but now it has dropped to as low as Rs 2,500 to Rs 3,000 per tonne. However, every three months, we spend up to Rs 20,000 to sustain the crop. With additional transport and labour charges, farmers see little profit. Marginal farmers sometimes see no profit at all. A cooperative mill, operating similarly to a sugar mill, would not only help us with pricing but also provide us with improved varieties, new cultivation techniques, and exclusive schemes to reduce production costs." Horticulture officials, commenting on the situation, explained, "Tapioca prices depend on demand in international markets. Hence, fluctuations are normal. Last year, prices were low, but in 2023-24, a tonne of tapioca was procured at Rs 10,000 to Rs 12,000." Regarding the request for a cooperative mill, Deputy Director of Horticulture Fathima said, "On behalf of the farmers, we have submitted a request to the state government. The decision rests entirely with the state government."
Time of India
3 days ago
- Business
- Time of India
For most Indian farmers, costs grow faster than income
For most Indian farmers, costs grow faster than income Indian farmers are hit by the double whammy of stagnant income and declining profit margins, according to an analysis of data compiled by the Commission for Agricultural Costs and Prices (CACP). For nearly all major crops, the increase in agricultural income over the last decade has not kept pace with the rural inflation rate. The data also shows that the profit margins for most crops have declined. The analysis of ten major crops for both kharif and rabi seasons shows that, except for maize, groundnut and rapeseed/mustard, the increase in farm income has been less than the rural inflation rate during the same period. Inflation rate exceeded income growth In 2013-14, the average input cost was Rs 25,179 per hectare for paddy while the value of family labour was assessed at Rs 8,452 per hectare. The value of the crop was Rs 53,242 per hectare, which meant a profit of Rs 19,611 per hectare. In 2023-24, this profit increased to Rs 30,216 per hectare. Although this was a 54% jump, consumer prices in rural areas increased by 65% between 2013-14 and 2023-24. The crop also saw a decline in profit margins. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo I n 2013-14, the profit margin was 58% of the input and labour costs, which has now dropped to 49.3% of the cost. The input cost and family labour is taken as the total expense to calculate the profit margin since this spending is also part of the formula for Minimum Support Price (MSP). Wheat, unlike paddy, is primarily a rabi (winter) crop, but a comparison of decadal growth in income and margins shows a similar pattern. The surplus over input cost and family labour was Rs 29,442 per hectare in 2012-13 and increased by 53% to Rs 45,179 in 2022-23. That's lower than the 71% increase in rural consumer prices between 2012-13 and 2022-23. The profit margin too decreased from 123% in 2012-13 to 103% in 2022-23. Sugarcane, another major crop, also saw a stagnation in net income. From Rs 96,451 per hectare in 2012-13, the profits increased to 1,21,668 in 2022-23. This 26% increase is lower than the increase in consumer price inflation. In 2012-13, the profit margin was 151%, which declined to 102% in 2022-23. Of the ten major crops (based on highest output) for which the comparison is done, only three have shown an increase in income higher than the inflation rate. These are maize (162%), rapeseed & mustard (85.7%) and groundnut (71.4%). For the rest, the increase was lower than the inflation rate. It was between 50% and 60% for gram, between 20% and 30% for soyabean and cotton, and less than 20% for arhar (tur). Apart from stagnant incomes, the profit margins have declined for all of these crops except maize. These per-hectare profits are roughly equal to the seasonal incomes for a vast majority of Indian farmers. The average land holding size in the Agriculture Census of 2015-16 was just under 1.1 hectares, but most farmers (68.5%) are marginal farmers, which means they own less than 1 hectare of land (averaging at 0.38 hectare). This means that seasonal income for them will be even lower. Experts have pointed out that the stagnation as well as lower agricultural income is due to the extent of mismatch between the share of agriculture in GDP and in employment. Despite contributing only 16% of GDP, agriculture employs more than 40% of India's workforce. In advanced economies like the US, its share in GDP and employment is 0.9% and 2%, respectively. Even in a developing economy like China, agriculture's contribution to GDP is 6.8% while it employs 22% of the workforce.
France 24
3 days ago
- General
- France 24
Venezuela to bring home group of migrants jailed in El Salvador: source
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The Hindu
3 days ago
- Politics
- The Hindu
Raise important issues in Parliament, mobilise maximum funds from Centre, Naidu tells TDP MPs
Chief Minister and TDP national president N. Chandrababu Naidu on Friday directed the TDP MPs to raise important issues like the Minimum Support Price (MSP) for various crops, utilisation of the Godavari and Krishna river waters and the support required by Andhra Pradesh (A.P.) for industrial development in the upcoming session of Parliament. Addressing the Telugu Desam Parliamentary Party (TDPP) meeting in the run-up to the monsoon session of Parliament beginning on July 21, Mr. Naidu said the MPs should make the best use of the time allotted to them by highlighting the issues related to the State and strive to mobilise the maximum possible amount of funds from the Centre for implementing various schemes and projects. He also wanted the MPs to duly apprise the Parliament of the steps taken by the A.P. Government for the development of the State. The MPs should take the Central support required by the State to the notice of the nation through the Parliament. The CM said, department-wise responsibilities were assigned to the MPs and called upon them to keep in regular touch with the Union Ministers concerned to resolve matters pertaining to the State, and to focus on garnering additional funds under schemes like the Jal Jeevan Mission and Ayushman Bharat. Mr. Naidu told the MPs to be updated and fully acquainted with the issues dealt by them in order to make forceful arguments on contentious matters, like he articulated the State's position on certain issues in the recent meeting with the Union Minister for Jal Shakti, C.R. Patil and Telangana CM A. Revanth Reddy. He instructed the MPs to speak about the good work being done by Prime Minister Narendra Modi, and to actively participate in discussions on topics like Operation Sindoor and the 50th anniversary of the Emergency, and counselled them not to interfere in unnecessary matters in their constituencies as such behaviour would tarnish their personal reputation as well as the party's. Union Ministers K. Rammohan Naidu and Pemmasani Chandra Sekhar, MP Lavu Sri Krishna Devarayalu and IT Minister and the party's national general secretary Nara Lokesh were among those present in the deliberations.
