Hindustan Times (Chandigarh)

Unseasonal rain, hailstorm in Maha destroy 2.71 lakh hectares of crops

- HT Correspond­ent

MUMBAI: Fresh reports show an alarming rise in the area of cultivated land damaged by hailstorm and unseasonal rain.

According to the preliminar­y estimates made by the state’s agricultur­e department, at least 2.71 lakh hectares of crops were destroyed by Thursday. Two regions in the state — Marathwada and Vidarbha — were the worst hit by adverse weather conditions, which started on Sunday and continued till Tuesday. Farmers in Marathwada and Vidarbha are among the most vulnerable in the state as these regions are prone to droughts.

So far, over 1,800 villages across 16 districts have been affected, but these numbers are likely to rise as the state government is still awaiting the final figures. “The damage to crops has touched 2.71 lakh hectares and is likely to go up as we get figures from the districts, which will take a few more days,” said a senior official from the agricultur­e department.

The Maharashtr­a government has already sought financial assistance of ₹200 crore from the Centre to compensate farmers. Affected farmers will get compensati­on as per the norms laid down under the National Disaster Response Fund (NDRF).

As per the fund, farmers who cultivate crops on non-irrigated land will get a compensati­on of ₹6,800 per hectare for damage caused by natural calamities. For irrigated land, farmers are entitled to get a compensati­on of ₹13,500 per hectare, while for horticultu­re or perennial crops, they get ₹18,000 per hectare, said state agricultur­e minister Pandurang Fundkar. However, in all cases, compensati­on will be limited to two hectares only.

The most affected districts are Jalna (Marathwada), Buldhana and Amravati (Vidarbha). NEW DELHI/ BENGALURU: American retailer Walmart Inc may end up taking a large stake in Flipkart Ltd at a price that could value India’s largest e-commerce firm between $20 billion and $23 billion, three people close to the developmen­t said. If it goes through the deal will pit Walmart against Amazon in India, mirroring their rivalry in the US.

Walmart has expressed an interest in buying Flipkart Ltd but a buyout is unlikely to go through as a key Flipkart investor Softbank Group is opposed to a sale, the three people added on condition of anonymity. “Softbank is not willing to cash out this early as they see themselves as a long term investor in Flipkart,” one of the three people mentioned above said.

The talks are in the early stages and the companies haven’t finalised the final details, the people said. Walmart is expected to invest fresh capital in Flipkart as well as buy shares from existing investors including Accel Partners and Naspers, they added.

Any deal is likely to make Walmart the largest shareholde­r in Flipkart, they said.

Walmart is not the only suitor pursuing Flipkart. Search giant Google has also offered to invest in the e-retailer at a valuation of

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