Agriculture
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Explosive Growth: India's Agricultural Budget Surges Over 300% in Past Decade, Reveals FAIFA Report
During a joint press briefing with Samajwadi Party (SP) leader Akhilesh Yadav, Congress President Mallikarjun Kharge declared that the INDIA bloc would furnish 10 kg of free ration to individuals, in contrast to the NDA's offering of 5 kg.
Dr MS Swaminathan: The man whose vision and work pulled India out of famine
Acknowledged as the visionary behind India's Green Revolution, Dr. Swaminathan collaborated with American agronomist Norman Borlaug to develop pest-resistant strains of wheat, significantly enhancing agricultural yields. This breakthrough not only averted a potential famine but also revolutionized wheat and rice cultivation in the country, laying the foundation for agricultural prosperity.
India's Exports Reach 11-Month Peak in February Amidst Red Sea Crisis
Leading the charge were engineering goods, electronic goods, organic and inorganic chemicals, pharmaceuticals, and petroleum products. Engineering goods stood out with a robust 15.9% increase, reaching $9.94 billion, up from $8.58 billion in February 2023. Notably, electronic goods exports witnessed an impressive growth of 54.81%, soaring to $3 billion from $1.94 billion in the same period last year.
Government Permits Export of 54,760 Tons of Onions to Bangladesh, Mauritius, Bahrain, and Bhutan
Consumer Affairs Secretary Rohit Kumar Singh informed PTI that India has permitted the export of 50,000 tonnes of onions to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes to Bahrain, and 560 tonnes to Bhutan, effective immediately. These shipments will be facilitated by private traders until March 31, with the specifics currently under discussion.
Commodities story to revolve around geopolitics, polls, rate cuts, global slowdown
He said the coming year will see 78 elections across the world, over half of which will choose a new president which will likely bring changes in the monetary policies of major economies, keeping inflation down.
India’s foodgrain production shoots up to record 329.7 million tonnes for 2022-23
The foodgrain production during 2022-23 is also higher by 308.69 lakh tonnes than the average of the previous five years’ (2017-18 to 2021-22).
Unusual weather in Himachal led to rise in tomato prices, situation under control now: Consumer Affairs Secy
IANS: Amid rising prices of tomatoes, government had to intervene by selling them at cheaper prices through its own outlets. How much has been the subsidy burden? Singh: Subsidy burden has not been much, as the idea was to push prices down. A signal had to be given to the market that unnecessary hike cannot be permitted.
Government may consider reducing import duty on wheat to curb rising prices, says FCI Chairman
Food Corporation of India (FCI) Chairman Ashok Meena told media persons that to bring down wheat prices, there are several options available and if need arises, then import duty on wheat may also be reduced. There is 40 per cent import duty on wheat currently.
Cabinet okays up to 10% hike in MSP of several commodities
Minister for Food and Consumer Affairs, Commerce and Textiles Piyush Goyal said that the government's top priority is to keep inflation in check and therefore, in recent times, it has increased procurement so that the common man does not feel the pinch while the entire burden of price rise is borne by the government.
Around 250 LMT of wheat procured during current Rabi season
According to estimates released by the Department of Food and Consumer Affairs, the current wheat procurement crossed last year's total procurement of 188 LMT. More than 20 lakh farmers have benefitted from the current season's procurement, with more than Rs 47,000 crore payment of minimum support price (MSP).
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