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Vedanta, IOC, and Indiabulls Housing Finance were other gainers.
The government is likely to increase the budget allocation for farm education, research and extension by up to 15 percent to around Rs 8,000 crore in 2018-19 fiscal as the focus will on making rapid strides in doubling farmers’ income, sources said.
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The Union Budget for 2018-19 will be presented on February 1.
“There has been a minimum 10 percent annual increase in the budget allocation for agri-education, research and extension purpose in last few years. We hope 15 percent higher budget allocation would be made available for the DARE (Department of Agricultural Research and Education) for the next financial year,” the sources said.
The funds will be used on priority areas with an aim to address the country’s key farm sector problem and make rapid strides in the direction of doubling farmers’ income through the use of technology and innovation, the sources added.
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