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New Delhi, July 21: Maruti Suzuki India has announced a price revision across select vehicle models, with increases of up to ₹30,000 set to take effect from August, citing rising input costs and operational expenses.

The company said the price adjustment is part of its ongoing efforts to offset higher manufacturing and supply chain costs while maintaining product quality and operational efficiency.

The extent of the increase will vary depending on the model and variant. Customers planning to purchase a Maruti Suzuki vehicle before the revised prices come into effect may benefit from the current pricing.

Automobile manufacturers periodically review vehicle prices in response to fluctuations in raw material costs, logistics expenses, and overall market conditions. The latest revision reflects the industry’s continued efforts to manage cost pressures while sustaining business operations.

Maruti Suzuki, India’s largest passenger vehicle manufacturer, continues to focus on offering a wide range of vehicles across different customer segments while strengthening its market presence through innovation, improved technology, and enhanced customer service.

The upcoming price revision is expected to influence buying decisions in the coming weeks as customers look to complete purchases before the new rates become effective in August.

New Delhi, July 21: Meghalaya’s agricultural sector, marked a historic milestone today, with the launch of Mission Golden Spice: Integrated Lakadong Turmeric Value Chain Enhancement Project. Held at Sanchar Bhavan in New Delhi, the launch underscores a progressive step toward establishing Meghalaya as the global home of premium, organic, GI-tagged Lakadong turmeric.

Notably this comes at a time when Meghalaya is reimagining agriculture, shifting away from subsistence farming toward a high-value, entrepreneurship-led ecosystem. Driven by its pioneering Community-Public-Private Partnership (CPPP) model, the State is ensuring that local farmers, particularly the women who form the backbone of the agrarian economy transition from raw commodity producers to active owners of processing facilities and global brands. This mission underscores a strategic leap to keep greater economic value within the State by investing heavily in aggregation, cutting-edge processing, and international market access.

Addressing the gathering on what he termed a “golden day as we launch Mission Golden Spice”, Shri Jyotiraditya M. Scindia, Hon’ble Union Minister, MDONER, Government of India, highlighted the systemic and seismic change Shri Narendra Modi, Hon’ble Prime Minister has brought over the last twelve years in ‘Ashtalakshmi’, ensuring the region has become the centre of India’s development paradigm rather than its periphery. Outlining a massive ₹175 crore collaborative investment aimed at doubling farmer remuneration and tripling the cultivation area by 2030, he stated, “Today we are launching a transformational programme across Meghalaya to take this golden spice across the world.” He championed the initiative as a hallmark of true women-led development, saluting the 17,500 local growers, 99 percent of whom are women.

Acknowledging the crop’s exceptionally high curcumin content of 7 to 12 percent, he remarked that “there is something magical about Meghalaya‘s soil.” Emphasizing the State’s rightful ownership of the crop, he declared, “We want the world to know, we want the world to recognize that the pioneer and the capital of Lakadong turmeric is our state of Meghalaya”, Highlighting the global momentum already underway, he proudly noted that the Hon’ble Prime Minister has sent a strong message by presenting the Lakadong turmeric at the G7 Summit and sharing its high demand during cabinet discussions, cementing Meghalaya’s agricultural excellence on the world stage.

Shri Conrad K. Sangma, Hon’ble Chief Minister of Meghalaya, underscored a strategic shift driven by the DoNER Ministry towards a highly focused, end-to-end ecosystem approach, which is now being replicated for agriculture through a Mission Mode Programme across all North Eastern states. He added that for Meghalaya, this focus falls on Lakadong Turmeric, which he described as being “very unique to Meghalaya” and “truly the golden product”. Expressing profound gratitude to Hon’ble Prime Minister for his attention to the region, he stated that “this mission could not have come at a more correct time.”

He further detailed the State’s rigorous work in “micro-detailing,” ensuring that farmer organizations have access to collateral-free working capital by removing traditional banking hurdles. Noting that this area-specific strategy of value addition is already scaling to other regional crops like pineapples, ginger, jackfruit, honey, and mushrooms, he highlighted that these interventions are transforming the livelihoods of thousands of women entrepreneurs across the State. Summarizing this approach, he stated, “We are just simply not trying to do new things, but we are just simply making things better by providing the technology, the financial support.”

Key Highlights of Mission Golden Spice:

• Massive Investment and Reach: The five-year (2026-2030) mission entails a total project cost of ₹175.45 crore. It aims to benefit over 17,500 additional farming households across the West and East Jaintia Hills. Furthermore, the project guarantees a remarkable 99% women’s participation in processing and institutional activities.
• Acreage and Production Growth: The initiative targets expanding Lakadong cultivation by an additional 7,000 hectares, bringing the State’s total to 9,581 hectares. Overall production targets to generate an additional 49,400 MT, pushing total production to approximately 60,000 MT by 2030.
• Significant Income Enhancement: The project is purposefully designed to double farmer income from approximately ₹40,000 per 1,000 kg to an estimated ₹83,700 per 1,000 kg.
• State-of-the-Art Infrastructure: A flagship element is the ₹41.69 crore investment to establish the North East’s largest integrated organic turmeric processing and curcumin extraction facility in West Jaintia Hills. This plant to have a capacity to process 7,000 MT of fresh turmeric annually, producing high-value curcumin extracts, oleoresins, and premium powder.
• Grassroots Empowerment: The project will actively develop 28 integrated FPO packhouses and 28 cluster warehouses. Additionally, it will provide ₹35 crore in planting material support to local farmers.

The project exemplifies exceptional Centre-State synergy to elevate the region’s agricultural output. The Ministry of Development of North Eastern Region (MDONER) and the North Eastern Council (NEC) are contributing 50% (₹87.62 crore) of the funding to build the vital physical infrastructure. MDONER has already sanctioned ₹43.24 crore for Phase 1 of the project. Simultaneously, the Ministry of Agriculture & Farmers Welfare will provide 33.1% (₹58.10 crore) to boost production and organic certification, while the Government of Meghalaya’s 16.9% share (₹29.73 crore) will be focused on branding, FPO working capital, and blockchain traceability for GI protection and export systems.

In his virtual address Shri Timothy D. Shira, Hon’ble Minister of Agriculture and Farmers’ Welfare, Meghalaya, outlined the State’s vision to transform its GI-tagged Lakadong turmeric into a globally competitive, export-oriented, and women-led enterprise. Expressing gratitude for the support of the Ministry of DoNER and highlighting the Chief Minister’s progressive agricultural vision, he detailed the mission‘s goal to expand cultivation to 7,000 hectares by 2030, which will benefit over 17,500 farmers and generate 3,000 new livelihoods. Central to this initiative is the establishment of the North East’s largest organic turmeric processing and curcumin extraction facility, will emerge as a strategic investment designed to empower local farmers.

Dr. Vijay Kumar D, IAS, Commissioner and Secretary, Government of Meghalaya, expressed gratitude to the union DoNER minister for his strategic direction in designing and approving the comprehensive, multi-sectoral Lakadong turmeric initiative. He also commended the Chief Minister for driving the nation’s most robust agricultural value chain program, which currently supports nearly one lakh farming households across various crop sectors in the State. Acknowledging essential partners for their roles, he concluded by honouring the local women farmers as the foundational producers of the spice and assured the leadership that the departments will work to guarantee the mission‘s total success.

The launch event also featured the screening of a short film on Mission Lakadong Turmeric, followed by an interactive session with progressive Lakadong turmeric farmers of Meghalaya. Prominent farming pioneers, including Padma Shri Awardee Smt Trinity Saioo of West Jaintia Hills and Smt Jhanika Siangshai of East Jaintia Hills, shared their experiences. Smt Saioo expressed deep gratitude for the Hon’ble Chief Minister’s constant support and leadership, noting that the initiative “will not just grow turmeric, it will grow opportunities, livelihood, and pride for local communities.” Smt Siangshai, highlighted the economic potential of Lakadong turmeric. She lauded the State’s farmer-friendly schemes, stating, “Your efforts are reaching the fields and changing lives.”

From no functional PRIME hubs in 2018, Meghalaya is building a statewide ecosystem for value addition and rural entrepreneurship. Building on the successful inauguration of the Eastern Ri-Bhoi Organic Spice Processing Facility last month, Meghalaya is steadfast in its Vision 2032 to bring one lakh hectares under certified organic cultivation. Mission Golden Spice is a testament to Meghalaya’s model in action which is community-led, women-driven, and ready to claim its rightful place on the global stage.

Amaravati: Chief Minister N. Chandrababu Naidu appealed to Union Ministers to protect the interests of aquaculture and tobacco farmers by writing separate letters.

In letter written to Union Minister of Fisheries, Animal Husbandry and Dairy development Rajiv Ranjan Singh, the Chief Minister urged the Centre to permit shrimp feed manufacturers to import genetically modified (GM) soybean meal to support the aquaculture sector. The Chief Minister explained that the sharp increase in soybean meal prices, the primary raw material used in shrimp feed, has significantly raised feed production costs, placing severe financial stress on shrimp farmers. He requested the Centre to allow soybean meal imports to address the domestic shortage and stabilize prices.

The CM recalled that similar import permissions had been granted to shrimp feed manufacturers on a limited scale in 2021.He noted that rising shrimp production and exports from Ecuador have intensified competition in international markets, making it increasingly difficult for Indian exporters in key destinations such as the United States, China, and Europe.

In another letter the Chief Minister requested the Union Minister of Fisheries for establishment of a regional office of the National Fisheries Development Board (NFDB) in Amaravati to strengthen support for Andhra Pradesh’s aquaculture sector.He recalled that during the Seafood Exports Workshop held in Visakhapatnam on June 5 this year, the Union Minister had assured the establishment of an NFDB regional office in Amaravati. The State Government has already allocated 7.89 acres of government land at Nekkallu village for the regional office, a training centre, a fisheries park, and a public aquarium.  He said the facility would emerge as a major hub for the development of the Blue Economy.

The Chief Minister also wrote to Union Minister for Commerce and Industry Piyush Goyal, seeking immediate measures to protect Andhra Pradesh’s aquaculture sector.He pointed out that increased shrimp exports from Ecuador to  United States, China, and Europe have led to a sharp decline in global shrimp prices. He urged the Centre to regulate the domestic availability of fish meal, an important ingredient in shrimp feed. The CM noted that fish meal exports currently receive a 5 percent export incentive, forcing domestic feed manufacturers to purchase the commodity at higher prices. He requested the Directorate General of Foreign Trade (DGFT) to regulate exports and ensure that domestic requirements are met before permitting exports. He also reiterated the request to allow imports of GM soybean meal.

The Chief Minister requested the Union Commerce Minister to provide export incentives for FCV tobacco from Andhra Pradesh.  Competing countries such as Zimbabwe and Tanzania provide subsidies and duty concessions to their exporters, whereas Indian exporters receive no comparable support. Although agricultural commodities such as tea, coffee, and spices were brought under the RoDTEP scheme in August 2021, unmanufactured tobacco (HS Code 2401) was excluded. He urged the Centre to immediately extend RoDTEP benefits to unmanufactured tobacco.

In a separate letter to Union Finance Minister Nirmala Sitharaman, the Chief Minister sought several financial measures to strengthen the aquaculture sector. He requested a reduction in GST on aquaculture aerators from 18 percent to 5 percent. Referring to the India–US trade agreement, he said that although import duties on aquaculture products had been reduced to 10 percent, legal uncertainty surrounding tariffs still persists and sought the Finance Ministry’s intervention.

The Chief Minister also requested for a one-time top-up of Rs 5 lakh under the Kisan Credit Card scheme for aquaculture farmers. Creation of a Rs 100 crore corpus fund through the NFDB for domestic marketing.

The CM further requested the reduction of GST on unmanufactured tobacco (HSN Code 2401) from 40 percent to 28 percent, stating that such a decision would provide major relief to lakhs of tobacco farmers, dealers and exporters in Andhra Pradesh.

New Delhi, July 21: Fashion and lifestyle retailer Arvind Fashions, which manages brands including Arrow, Calvin Klein, and Tommy Hilfiger, reported a 24 per cent decline in its first-quarter profit, reflecting challenges in the current market environment.

The company’s performance was impacted by changing consumer demand, competitive pressures, and evolving retail trends during the quarter. Despite the decline in profitability, the company continues to focus on strengthening its brand portfolio and expanding its presence in the fashion and lifestyle segment.

Arvind Fashions has been working on improving operational efficiency, enhancing customer engagement, and adapting its business strategy to changing consumer preferences.

Industry observers said the retail sector continues to face pressure from cost challenges and shifting buying patterns, requiring companies to focus on innovation and sustainable growth strategies.

The company remains committed to building its premium and lifestyle brand ecosystem while exploring opportunities to drive long-term growth.

The latest quarterly performance highlights the need for fashion retailers to balance growth initiatives with cost management amid a rapidly changing consumer market.

New Delhi, July 21: India’s residential real estate sector witnessed steady growth in the first half of 2026, with housing sales increasing by 3 per cent during the January-June period, according to a latest industry report.

The growth reflects continued demand for residential properties, supported by improving infrastructure, urban development, and sustained buyer interest across key markets.

Real estate experts said the sector has maintained stability amid changing market conditions, with homebuyers showing preference for well-planned projects offering better amenities, connectivity, and long-term value.

The rise in sales highlights the resilience of India’s housing market and its important contribution to economic activity through investment, employment generation, and growth of allied industries.

Industry stakeholders expect residential demand to remain steady, driven by urbanisation, rising aspirations, and continued interest in home ownership.

The latest trend indicates a positive outlook for the real estate sector as developers and buyers continue to adapt to evolving market needs.