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Policy▼ Bearish for Indian equities
Maharashtra declares 265 talukas drought-affected and announces relief measures
The brief
- 265 of Maharashtra’s 358 talukas, or 74% of the state, were declared drought-affected
- Relief includes crop-loan restructuring, land-revenue concessions and postponed recovery of agriculture loans
- Drought and relief measures expose Maharashtra-focused lenders, farm-input firms and power distributors
- Major impact on kharif crops seen from monsoon deficit, uneven rainfall
- Fertiliser sales slide as poor rains cloud kharif season