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Time of India
2 days ago
- Business
- Time of India
First in India: Private seed firms compensate 671 Telangana farmers for crop losses; Rs 60,000 to Rs 1.25L per acre paid
HYDERABAD: In a groundbreaking development that could set a precedent for Indian agriculture, 671 maize farmers in Telangana's Mulugu district were compensated on Monday by four private seed companies, including a multinational giant, for massive crop losses caused by substandard seeds. This is the first time in Telangana-and possibly in India-that private seed firms have paid direct compensation to hundreds of affected farmers, following sustained pressure from govt officials and irrefutable video evidence collected from the fields. The farmers, who suffered heavy losses over 1,500 acres, received cheques ranging from ₹60,000 to ₹1.25 lakh per acre, depending on the severity of damage and input costs. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Failed promises The crisis unfolded a few months ago across the mandals of Wajedu, Venkatapuram, Kannaigudem, and Tadwai in Mulugu district, where maize farmers reported abysmally low yields despite using genetically modified (GM) seeds provided by seed companies. These farmershad been assured yields of four tonnes per acre, but in reality, ended up harvesting barely one tonne or less. The resulting losses triggered widespread protests, as farmers demanded accountability and compensation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Descubra o Brasil na Expo Osaka [Explore] Estúdio Folha Leia mais Undo Their voices gained traction when local officials launched an unusual and rigorous investigation by personally visiting every affected farmer, documenting their losses on video, and collecting testimonial evidence in the presence of company representatives. "For four months, govt officials visited each farmer's home, and in the presence of representatives from seed companies, they recorded video evidence of the situation," said TS Divakara, district collector. "After considerable effort, we were able to send notices to the companies demanding compensation, and ultimately, they complied," he told TOI. The compensation cheques were handed out at a public event in Mulugu, attended by agriculture minister Tummala Nageswara Rao and panchayat raj minister Seethakka . This unprecedented compensation drive also brings into sharp focus the glaring gaps in India's seed regulation framework. The Central Seed Act of 1966 (amended in 1972), which governs seed quality in India, imposes paltry penalties: ₹500 for a first offence, and ₹1,000 or six months of imprisonment for repeat violations. "Farmers have no choice but to approach consumer courts, which can be a lengthy process," Divakara said. S Anvesh Reddy, chairman of the Telangana Seeds Development Corporation, said: "This is possibly the first instance in the country where hundreds of farmers simultaneously received compensation from seed companies."
Time of India
4 days ago
- Entertainment
- Time of India
'He wants son-in-law treatment': Gautam Gambhir playfully calls out India star's ‘demanding attitude'
India Head Coach Gautam Gambhir (Photo by) On a recent episode of The Kapil Sharma Show , India's head coach Gautam Gambhir showed a refreshingly candid and humorous side of himself, delighting fans who are used to his famously stern demeanour. Appearing alongside Team India stars Abhishek Sharma , Rishabh Pant , and Yuzvendra Chahal , Gambhir was at ease as Kapil Sharma playfully prodded him with questions about his serious image and his interactions with players. When Kapil asked the audience to guess which player had a 'demanding attitude', one quick-witted audience member shouted, 'Hardik Pandya!' Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! With a smile, Gambhir confirmed the guess in his own style, saying, 'Usko khatirdaari bhi aise hi chahiye, daamad wali' — suggesting that Pandya expects the kind of pampering typically reserved for a son-in-law. Watch: The audience burst into laughter, and the moment quickly went viral for its rare glimpse into the lighter side of Gambhir. In another segment, Kapil asked the burning question many fans have wondered for years: why does Gambhir always appear so serious? To that, Gambhir responded thoughtfully, 'I stay serious so that others can smile. Someone has to take that role.' The comment, though delivered lightly, gave fans a glimpse into his mindset, driven by responsibility, focus, and a commitment to team success. Poll How do you feel about Gautam Gambhir's humorous side revealed on The Kapil Sharma Show? I love it! It's refreshing. It's unexpected but enjoyable. I prefer his serious persona. Not sure, I need to watch it. The former opener also opened up about his intense on-field persona, saying, 'People say I fight during matches. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Descubra o Brasil na Expo Osaka [Explore] Estúdio Folha Leia mais Undo But whom am I fighting for? It's always for my country, never for myself.' His words struck a chord with viewers, who appreciated his fierce dedication to the national team. Fresh off India's recent Champions Trophy win, Gambhir's appearance showed that behind the no-nonsense attitude is a man deeply committed to the game and the nation. For real-time updates, scores, and highlights, follow our live coverage of the India vs England Test match here. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
Time of India
29-05-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches Nifty 500 Low Volatility 50 ETF
Groww Mutual Fund has announced the launch of the Groww Nifty 500 Low Volatility 50 ETF , an open‐ended scheme that aims to track the Nifty 500 Low Volatility 50 Index - TRI. The New Fund Offer (NFO) is currently open for subscription and will close on June 11. The scheme will reopen for continuous sale and repurchase on or before June 25. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Low Volatility 50 Index in the same proportion/weightage, with the aim of providing returns (before expenses) that closely track the total return of the index, subject to tracking errors. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ampliar segurança e conveniência nas compras online é prioridade para 2025 Estúdio Folha Leia mais Undo The scheme will be benchmarked against the Nifty 500 Low Volatility 50 Index - TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. During the NFO period, the minimum investment amount is Rs 500, with subsequent investments in multiples of Re 1. Units will be allotted in whole figures, and any balance amount, if below the minimum, will be refunded. Live Events The passive fund will allocate 95–100% of its assets to the constituents of the Nifty 500 Low Volatility 50 Index, and 0–5% to money market instruments, debt securities, and/or units of debt/liquid schemes of domestic mutual funds . Also Read | Fund Consistency: 29 equity mutual funds offer more than 25% CAGR over 3 and 5 years The Groww Nifty 500 Low Volatility 50 ETF will be managed passively, with investments made in the same proportion as the index constituents. The investment strategy is to replicate the index closely and minimize tracking error through regular rebalancing based on changes in stock weights and investor flows. The fund is suitable for investors seeking long-term capital appreciation through exposure to equity and equity-related instruments that form part of the Nifty 500 Low Volatility 50 Index.
