Agriculture Industry
Paddy arrivals low at purchase centresedit
Paddy purchase at the official purchase centres in the current yasangi [rabi] may not touch the expected levels despite high yield as large quantities of fine variety grain is being transported to Karnataka to be sold at a higher price. Higher rate there, more than what the Government of India fixed which is Rs.1,510 per quintal, is the reason for the low turn out at the grain purchase points here.
World’s Second-Largest Urea User Seeks to End Imports in 5 Yearsedit
India, the world’s second-biggest consumer of urea, is boosting production of the crop nutrient seeking to end imports in the next five years. The South Asian nation, where agriculture makes up about 14 percent of the economy, produced 24.5 million tons of urea in the year ended March 2016, compared with consumption of around 32 million tons during the period, according to data from the fertilizer ministry.
Capital formation in Telangana State agri sector weakeningedit
In Telangana, the contribution of primary sector including agriculture, horticulture and animal husbandry to the Gross State Domestic Product (GSDP) for 2016-17 is only 15.3 per cent. Despite, this as much as 55 per cent of working population is still dependent on agriculture which is mostly dependent on rainfall in Telangana.