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The recent spate of farm loan waivers across the country may be causing a lot of trouble to bankers and analysts being negative for banking stocks. But, the move is expected to give a tremendous boost to tractor or farm equipment manufacturers. In 2008, after the government waived off farm loans, tractor volume grew at an annualized rate of 21% for the next three years. In addition to the profitable loan waver for tractor and farm equipment market, average monsoon, higher sowing acreage, and moderate minimum support prices for various crops are likely to support farm income further.

Supreme Court result is finally out, finally BS-III vehicles sale is banned in the country. This Wednesday i.e. 29th March'2017, after the final result from Supreme Court, Auto Stocks fell by 3% as vehicles which are not compliant with BS-IV norms are not to be sold or registered after 1st April'2017. The Automobile industry, which is stuck with the stock of 8.24lakh units of unsold BS-III vehicles, has faced quite a downfall, whereas Passenger Vehicle Manufacturers, who already started manufacturing BS-IV compliant vehicles, will not face quite an impact on them after BS-III vehicle ban.