Media Monitor
Agriculture Industry
Indian banks’ recovery still far awayedit
Recovery in the banking sector seems to be far away, going by the recent report released by the Reserve Bank of India (RBI). The latest Financial Stability Report of the RBI, for the six months ended June 2017, brings to fore the low Return on Assets of the banks in India. While profitability ratios of Scheduled Commercial Banks showed a marginal increase, public sector banks as a group continue to show a negative return on assets (RoA).
State giving top priority for sprinkle, micro irrigationedit
Agriculture Minister Somireddy Chandramohan Reddy on Sunday said that the government was giving top priority for micro and sprinkle irrigation by allocating adequate funds. Taking part in Zilla Parishad general body meeting here on Sunday, the minister said in view of making agriculture as profitable profession, the government was giving top priority for micro and sprinkle irrigation.
Andhra agricultural varsities bring up the rear in ICAR’s all India rankingedit
Out of 57 agricultural universities (AU) ranked by the Indian Council of Agricultural Research (ICAR) recently, not a single agricultural university from Andhra Pradesh has found a place in the top ten. This was the first time it has undertaken such an exercise for agricultural universities across the country.
Maize prices projected to be steadyedit
World maize production in 2016-17 was seen at a record 1.03 billion tonne, up from a previous projection of 1.017 billion tonne and the prior season’s 969 million tonne. The US, the world’s top maize producer, was projected to harvest a crop of 379 million tonne. India is set to produce 19.1 million tonne of maize in 2016-17 as against 15.2 million tonne last year. This is mainly because the area under kharif maize (2016-17) saw a jump to 84.26 lakh ha. There is a bearish trend in the global maize market due to over production in key maize growing countries led by US.