Day: August 10, 2020

Monsoon rains start to fade in August; but kharif acreage provides glimmer of hope

Despite the fall in monsoon rains, kharif acreage is still higher than the last year levels at 10% more than the corresponding period of the previous year.

After a strong start in June and promising performance in July, monsoon rains have started to peter out in August, with the cumulative rainfall now falling below the long period average. While LPA in this season was higher than the last five-year average till the end of July, “on a cumulative basis (from June 1 to August 5), the South West monsoon has been 1.1% below the long period average (LPA),” a CARE

Amazon Prime Day: Small town SMEs dominate online sale event; 209 small sellers become ‘crorepatis’

Amazon Prime Day Sale 2020: अमेजन की प्राइम डे सेल आज आधी रात से शुरू होने जा रही है.

62,000 small and medium-sized sellers from Tier-II and Tier-III cities made up a majority share of nearly 70 per cent of more than 91,000 SMEs – highest participation by SME sellers – on Amazon Prime Day ever. The two-day event (August 6-7) also saw the highest e-commerce sales ever for 31,000 SME sellers while more than 4,000 SMEs sold goods worth Rs 10 lakh or more. Moreover, 209 SMEs became ‘crorepatis’ as well during the 48-hour sale event by Amazon, according