Agriculture
Approximately 11,000 MT of wheat procured in current Rabi season: FCI chief
Food Corporation of India (FCI) chairman Ashok Meena told media persons on Tuesday that wheat has been procured from Madhya Pradesh in Ujjain, Dewas, Indore, Shajapur and Sehore among others. It is also worthwhile to note that the total procurement last year during the month of March itself was around 10,000 metric tonnes only, whereas this year this figure has already been crossed on March 27, 2023, he informed further.
25,119 projects sanctioned by AIF, Rs 11,722 crore disbursed
AIF scheme benefits are being extended to all farmers of all types without any discrimination and Scheme benefits including 3 per cent interest subvention and the collateral free loans with free guarantee cover are intended to extend the benefits to small and marginal farmers among others. In fact, the other farmer groups like SHGs, FPOs and other collectives are also eligible under AIF which benefits the small and marginal farmers, said the reply.
Prices of cereals to be about 15% higher: CRISIL
The reason? Vagaries of climate change, strong global demand, and rise in domestic demand. Even in the current fiscal, cereal prices have risen significantly on-year in the first ten months. While prices of wheat and paddy rose 8-11 per cent, those of maize, jowar and bajra jumped 27-31 per cent, the report notes.
9.2 lakh metric tonnes of wheat sold through e-auction by FCI
In the first week of e-auction, quantities ranging from of 100 to 499 million tonnes attracted maximum demand. After this, the demand was for quantities of 500-1,000 million tonnes, followed by that of 50-100 million tonnes, thus indicating that small and medium flour millers and traders actively participated in the auction.
Agriculture sector records growth with annual rate of 4.6% over last 6 yrs
This has enabled the agriculture and allied activities sector to contribute significantly towards the country's overall growth, development and food security, said the Economic Survey 2022-23 tabled in Parliament by Union Minister of Finance Nirmala Sitharaman on Tuesday. Further in recent years the country has emerged as the net exporter of agricultural products,
Budget wishlist: Economy can touch $5 tn if lives of marginalised farmers improve
"Farmers are and should be the centre of focus in all discussions, as they are the important stakeholders. Farmers are always confused by the various and frequent changes in the market on what will be the value for their harvest. We need to bring in significant transparency for them so that farmers can plan their livelihoods,
Agricultural products exports rise 25% in April-September 2022-23
According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) on Wednesday, the overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11,056 million over the same period of the last fiscal.
India bets big on agritech, investors pump in money
Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar, recently said the administration is constantly working to improve a lot of the nation's small farmers. The minister informed that the government has started the work of creating 10,000 new Farmer Producer Organisations (FPO), for which Rs 6,865 crore is being spent.
Diversify agriculture towards energy and power sectors: Nitin Gadkari
Union Minister for Road Transport and Highways, Nitin Gadkari, said on Saturday that the country spends Rs 15 lakh crore per year for import of petroleum products, hence there is a need to diversify the agriculture sector towards energy and power sectors. Addressing the felicitation programme of National Cogeneration Awards 2022 in Mumbai, Gadkari exhorted the industry of the crucial need to focus on alternative fuels with the help of futuristic technologies.
Push for agro export promotion to achieve USD 23.56 billion target for 2022-23
Officials said that nearly 300 events will be organised under the plan in the current year for boosting exports. The APEDA (Agricultural and Processed Food Products Export Development Authority) has planned to create awareness among stakeholders of food export by highlighting its impact on human life through various online platforms, including social media platforms.
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