Posts

Showing posts from January, 2021

New farm laws will have multiple benefits for farmers: CEA Subramanian

Image
"We are economists and talk about economics. And economics says that it (the farm laws) has many benefits," Subramanian said during a press conference. from Agriculture-Economy-News-Economic Times https://ift.tt/3cmahmZ

India's agricultural export grows: Economic Survey

Image
Agri-exports touched Rs 2.52 lakh crores and imports at Rs 1.47 lakh crores in financial year 2019-20, the survey said. India occupies a leading position in global trade of agricultural products. However, its total agricultural export basket accounts for a little over 2.5 percent of world agricultural trade. The major export destinations were USA, Saudi Arabia, Iran, Nepal, and Bangladesh. from Agriculture-Economy-News-Economic Times https://ift.tt/3cnxkxB

Economic Survey: Milk production rises by five percent to 198.4 million tonnes in 2019-20

Image
“Milk production in the country has increased from 146.3 million tonnes in 2014-15 to 198.4 million tonnes in 2019-20,” the survey said. Compared to 2018-19, it has increased by 5.70 percent according to the government data. from Agriculture-Economy-News-Economic Times https://ift.tt/3opYINT

New farm laws herald new era of market freedom: Economic Survey

Image
These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. from Agriculture-Economy-News-Economic Times https://ift.tt/2MBiuJj

Strengthening production and post production measures needed to double farmers income: Economic survey

Image
The survey said that adequate storage and remunerative markets for agricultural products should be the main focus of post-production management. from Agriculture-Economy-News-Economic Times https://ift.tt/36nsWLi

Agri policy needs to focus on small & marginal farmers: President

Image
In 2013-14, only 42 lakh hectares of land was under micro-irrigation whereas today, more than 56 lakh hectares of land has been brought under micro-irrigation, he added. from Agriculture-Economy-News-Economic Times https://ift.tt/3iYzeWW

Rabi sowing ends with new record of 68.45 million hectare

Image
Despite the ongoing farmer protest predominantly in the wheat growing regions of Punjab, Haryana and Western Uttar Pradesh, the area under wheat has gone up by 2.95% from last year. from Agriculture-Economy-News-Economic Times https://ift.tt/3ckhSlU

India could unveil plan to boost oilseeds output, cut veg oil imports in Budget 2021: Sources

Image
Higher oilseed production in India, the world's biggest buyer of cooking oils, will cut palm oil imports from Malaysia and Indonesia and trim soyoil and sunflower oil purchases from Brazil, Argentina, Russia and Ukraine. from Agriculture-Economy-News-Economic Times https://ift.tt/3os9KCu

Iran starts clearing basmati rice dues

Image
The Middle East country buys around 34% of the rice variety shipped out of India. But lack of an effective payment system has hit this trade. from Agriculture-Economy-News-Economic Times https://ift.tt/3ck0lue

Seasonal vegetable prices drop in January

Image
"Vegetable prices have dropped by 15% to 20% in the past one week. Over the weekend, the prices will further fall for all green vegetables. We are sourcing more than 60% of the fruits and vegetables directly from farmers, and ensuring that everyone gets a good price,” said Pradipta Sahoo, business head at Mother Dairy's Safal stores. from Agriculture-Economy-News-Economic Times https://ift.tt/39nYm65

Narendra Singh Tomar urges to make farm sector job oriented

Image
“ICAR through research and innovation should try to make agriculture sector attractive enough to woo young talent. Efforts under the new education policy will empower farmers and enhance their income,” said Tomar, while addressing the 92nd annual general meeting of ICAR. from Agriculture-Economy-News-Economic Times https://ift.tt/3cjSi0q

Piyush Goyal asks ICAR to explore possibilities to grow imported fruits

Image
Commerce minister Piyush Goyal said that there is lot of scope in the cultivation of flowers and horticulture crops in the country. from Agriculture-Economy-News-Economic Times https://ift.tt/2Mtmn2K

Kenya taking over global markets, Indian tea producers look inward for price recovery

Image
In 2020, tea production India fell due to the lockdown. Once the lockdown was withdrawn, it took almost a month for the bushes to come in shape to generate fresh tea leaves and buds. In 2019, India had produced 1,390 million kg of teas. from Agriculture-Economy-News-Economic Times https://ift.tt/36eWURy

Govt hikes MSP of milling copra by Rs 375 per quintal; ball copra up Rs 300/qtl

Image
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the minimum support prices (MSPs) of copra for 2021 season. from Agriculture-Economy-News-Economic Times https://ift.tt/2Yh82cz

Expert committee to review proposal to ban 27 pesticides

Image
These are part of the 66 contentious pesticides which are being reviewed for their toxicity. In 2018, the government had already banned 18 of them. from Agriculture-Economy-News-Economic Times https://ift.tt/3a6L8Kj

Govt may hike agri credit target to about Rs 19 lakh cr in Budget

Image
"Non-banking finance companies (NBFCs) and co-operatives are active in the agriculture credit space. The Nabard refinance scheme will be further expanded. Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman had said while announcing the Budget 2020-21. from Agriculture-Economy-News-Economic Times https://ift.tt/3iR0Ddd

Agriculture Ministry proposes Rs 19,000-cr plan for edible oil in Budget

Image
import cessThe mission may be funded by levying a cess of ₹2,500-3,000 per tonne on import which will generate a corpus of ₹6,000 crore per year from Agriculture-Economy-News-Economic Times https://ift.tt/3sUndpX

View: Modi should hold firm on farm laws

Image
What’s at risk isn’t just a couple of laws, but India’s commitment to the transition to a more environmentally sustainable and equitable growth model. from Agriculture-Economy-News-Economic Times https://ift.tt/3a0JkTe

Heavy winter rain brings hope of bumper 'first flush' crop in Bengal tea belt

Image
After months long dry spell, heavy showers during last week have brought smiles back in the tea belt in Bengal. Blessed with the winter time rain, the golden beverage arena is expecting year 2121 to be the fourth consecutive one to give high yield of post winter high value 'first flush' tea. from Agriculture-Economy-News-Economic Times https://ift.tt/2Y3zxpV

Rabi sowing touches new record at 67.5 million hectares

Image
The paddy acreage has also gone up sharply by 15.24% from last year but significantly down by more than 28% as compared to average area during this time. from Agriculture-Economy-News-Economic Times https://ift.tt/3o7mRbV

Assam is emerging as a global hub in agricultural production: Narendra Singh Tomar

Image
Reiterating the central government’s commitment for boosting the agricultural sector of Assam, the Union Minister said that Assam produces 50% tea and 28% bamboo of the country. He informed that the Union Food Processing Ministry has initiated move to set up mega food park which would help in increasing farmers income and GDP of the state. from Agriculture-Economy-News-Economic Times https://ift.tt/3p7FLAG

Govt plans to expand summer-crops area by 50%

Image
The union agriculture ministry will unveil strategy and planning for enhancing the yield of summer crops, also known as zaid crops, on Friday at the National Conference on Agriculture Summer Campaign. from Agriculture-Economy-News-Economic Times https://ift.tt/2Ky3GKC

NABARD projects credit potential 15.46% higher than the previous year

Image
The theme of the State Focus Paper 2021-22 is “Collectivization of Agricultural Produce for enhancing Farmer’s Income”. Sarbananda Sonowal, Chief Minister Assam inaugurated the State Credit Seminar 2021 and unveiled the State Focus Paper 2021-22 prepared by NABARD. from Agriculture-Economy-News-Economic Times https://ift.tt/3sEzVcy

Tomar hails farm reforms, says farm laws revolutionary

Image
“The three laws enacted by the government will free farmers from all unnecessary legal bindings and help them get maximum value for their produce. Farmers will be attracted toward planting high value crops. Whenever any reform is introduced, impediments are bound to come in the way,” Tomar said. from Agriculture-Economy-News-Economic Times https://ift.tt/35Sb5fj

India's 2020-21 sugar production till Jan 15 up by 31%, says ISMA

Image
India's 2020-21 sugar production till January 15 is up by 31% when compared to the same period of the previous year, said industry body Indian Sugar Mills Association (ISMA). from Agriculture-Economy-News-Economic Times https://ift.tt/3sA7H2t

Government procures paddy worth Rs 1.06 lakh crore so far this kharif season

Image
The Food Corporation of India (FCI) has procured 564.17 lakh tonnes of paddy till January 16, an increase of 25.25 per cent from 450.42 lakh tonnes in the corresponding period of the previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/2Y1DYS9

Paddy procurement up by 27.15%: Food ministry

Image
“Over the years the government has made the procurement system robust by increasing the procurement centres by 50%. In future the procurement will further improve with new technology and transparency in the system,” food minister Piyush Goyal had said on Thursday while addressing the 57th foundation day of Food Corporation of India, the apex grain procurement and distribution agency. from Agriculture-Economy-News-Economic Times https://ift.tt/3swAYv4

43 million farmers have benefited from IMD forecasts: Dr. Harsh Vardhan

Image
The minister said India’s weather bureau is considered the fourth-best across the world, with only the US, England and Japan doing better in predictions. from Agriculture-Economy-News-Economic Times https://ift.tt/3nUMDAl

Farm Bills passed by Indian govt have potential to represent significant step forward for agri reforms: IMF

Image
from Agriculture-Economy-News-Economic Times https://ift.tt/3qq3TPc

Farm bills have potential to represent significant step forward for agricultural reforms in India: IMF

Image
There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday. from Agriculture-Economy-News-Economic Times https://ift.tt/38JPkQy

New farm laws will leave farmers at mercy of big corporates: Trinamool Congress

Image
The way the Centre hurriedly passed the farm laws through an ordinance without going for a parliamentary debate clearly shows that the Union government is anti-farmer and anti-people, she told reporters here. from Agriculture-Economy-News-Economic Times https://ift.tt/2XGqyuk

Vegetable oil imports jump 9% to 24.59 lakh tonnes in November-December

Image
"Import of vegetable oils during November- December 2020 is reported at 24,59,484 tonnes compared to 22,55,501 tonnes for the same period in 2019," Solvent Extractors' Association of India (SEA) said in a statement. The edible oil marketing year runs from November to October. from Agriculture-Economy-News-Economic Times https://ift.tt/3qhOhNR

Farmers' body FAIFA asks Prime Minister Modi to withdraw bill on cigarette, tobacco

Image
Federation of All India Farmer Associations (FAIFA) General Secretary Murali Babu said that in the amendment bill all the provisions of the WHO Framework Convention on Tobacco Control (FCTC) are being given effect in full force and in some cases more than as required by FCTC. from Agriculture-Economy-News-Economic Times https://ift.tt/2K92OvO

Lack of storage leads to grain wastage: Ground report from Punjab

Image
from Agriculture-Economy-News-Economic Times https://ift.tt/3i9o4OA

Pradhan Mantri Fasal Bima Yojana completes 5 years of operation; govt urges farmers to take benefit of scheme

Image
Even during the COVID-19 lockdown period, nearly 70 lakh farmers benefitted and claims worth Rs 8,741.30 crore were transferred to the beneficiaries. from Agriculture-Economy-News-Economic Times https://ift.tt/35zzqq7

Will ensure unorganised poultry players get insurance: Minister Sunil Kedar

Image
"What I have noticed as the minister of the department is that insurance companies entertain organised players from the poultry business, but not the unorganised ones. from Agriculture-Economy-News-Economic Times https://ift.tt/39hVuXa

Yellow peas prices touch 100/kg on firm demand, shrinking supply

Image
Retail prices of yellow peas have surged to a record Rs 100 per kg owing to firm demand and dwindling supply. This happened as wholesale prices increased 15-20% in two months and fourfold in two years to about Rs 80 per kg after India banned import of the commodity. from Agriculture-Economy-News-Economic Times https://ift.tt/3hZxDQf

To rein in price, 50% more onions may be procured

Image
For the current fiscal, the government had doubled the stock size to 100,000 tonnes but could not control prices, which touched more than 100 a kg during October, when there was a shortage of bulbs. from Agriculture-Economy-News-Economic Times https://ift.tt/3ozCKZV

New farm laws impact: Reliance Retail seals rice deal with Karnataka farmers, to pay above MSP

Image
from Agriculture-Economy-News-Economic Times https://ift.tt/3q8qJLs

Reliance seals Karnataka rice deal, to pay above MSP

Image
Around a fortnight ago, agents registered with Reliance signed an agreement with Swasthya Farmers Producing Company (SFPC). Though SFPC primarily trades in oil, the firm now has ventured into procurement and sale of paddy; close to 1,100 paddy farmers have registered with it. from Agriculture-Economy-News-Economic Times https://ift.tt/3nt4pdG

After Mamata agrees to implement PM Kisan scheme, BJP promises to pay farmers arrears

Image
The assertion of Vijayvargiya, the BJP's West Bengal in-charge, came days after Chief Minister Mamata Banerjee indicated that she was agreeable to implement the central scheme in the state, under which farmers get Rs 6,000 a year in three equal instalments. from Agriculture-Economy-News-Economic Times https://ift.tt/2LyEOCy

Government is committed to Rs. 1868 MSP of paddy for every quintal: Assam CM Sarbananda Sonowal

Image
Chairing a meeting to discuss the modalities to strengthen supply chain of paddy procurement of the state, CM Sonowal asked Consumer Affairs Department to review the existing system, remove the bottlenecks and give a shape to simpler procedure for the farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/3s824YY

Rabi sowing rises by 2.61%: Agriculture ministry

Image
“There is significant rise in pulses and oilseeds area indicating a bumper crop this year. The pulses area has gone up by 4.52% while oilseeds area, mainly mustard is up by 5.15%. This is likely to reduce our dependence on imports,” said a senior agriculture ministry official. from Agriculture-Economy-News-Economic Times https://ift.tt/2JWf6aX

All Gujarat villages to get day-time agri power supply by 2022-end

Image
The BJP government in the state has allocated Rs 3,500 crore to create the necessary infrastructure for this ambitious 'Kisan Suryoday Yojna' (KSY), Rupani said addressing a gathering Tilakwada town in Narmada while launching the project for 39 villages of the district. from Agriculture-Economy-News-Economic Times https://ift.tt/3947Z8Q

Budget 2021 run-up: Green shoots galore, agri stands out in the year of the pandemic

Image
During the April to June 2020, agriculture was the only sector to register growth. from Agriculture-Economy-News-Economic Times https://ift.tt/35dJBAA

Agriculture wish list for Budget 2021-22

Image
Though government has stuck to its declared goal of doubling farmers’ income by 2022, a promise repeated by Finance Minister, Nirmala Sitharaman in her budget speech last year, it was apparent, well before Covid-19 hit us, that the government would not be able to deliver. from Agriculture-Economy-News-Economic Times https://ift.tt/3hNpyxO

Haryana government set to provide one percent market fee exemption to small traders

Image
The refund can be claimed by any small trader who would submit a final annual return in the market committee on the closure of a financial year, showing his total annual turnover from sale purchase of agricultural produce in Haryana was less than Rs 5 lakh in the previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/3pOm5lq

View: India’s agricultural policy, caught in a binary, needs a reset with the small farmer as centrepiece

Image
Not only is agriculture the single-largest employer — with nearly one in two of the Indian workforce employed in the sector — it is also the backbone of consumer demand. So, fixing the crisis is more than just resolving a vexing political problem. from Agriculture-Economy-News-Economic Times https://ift.tt/3rMb1XM

India’s exports of basmati rice to Belgium and Netherlands soar

Image
Rising demand for basmati rice in these European countries has resulted in a better price realisation for farmers, mainly from the basmati rice-growing areas in Punjab and Haryana. The common variety of basmati rice, 1121 Pusa, which is mostly exported, has been fetching a 15% higher price at the farmgate from November. from Agriculture-Economy-News-Economic Times https://ift.tt/3naWWzO

Sugar production up 42% in Oct-Dec at 110.22 lakh tonne: ISMA

Image
In Maharashtra, sugar production stood at 39.86 lakh tonne during the period under review as against 16.50 lakh tonne in the year-ago period. Sugar output in Uttar Pradesh rose marginally at 33.66 lakh tonne from 33.16 lakh tonne. from Agriculture-Economy-News-Economic Times https://ift.tt/2X5Usb5