Media Monitor
Agriculture Industry
Oilseed farmers apprehensive of import duty cutedit
Apprehensive of the possible reduction in the import duty on crude palm oil to 30% from the existing 40%, the Solvent Extractors’ Association of India has said that any such decision would hurt the oilseed farmers and has appealed to the Centre not to go ahead with the reduction.
Cotton farmers to end year on a happy noteedit
Cotton farmers in Telangana, especially in former composite Adilabad district, will end the year on a happy note thanks to the Cotton Corporation of India (CCI) dominating trading across the State with its minimum support price (MSP) operations, the MSP being ₹ 5,550 for long staple variety. The Corporation has purchased over 85 per cent of arrivals in Adilabad, Mahabubnagar and Warangal agriculture market yards to emerge on top of all CCI State units in the country.x
UP logs 80% upswing in paddy procurement at 4 mn tonnes this Kharif seasonedit
The Uttar Pradesh government has logged an 80 per cent year-on-year growth in paddy procurement in the current kharif marketing season with the state agencies procuring almost 4 million tonnes (MT) so far.
The paddy procurement in the corresponding period last year stood at roughly 2.2 MT compared to 4 MT this season, an upswing of 80 per cent.
Budget
Maha govt faces criticism for crop loan waiver scheme criteriaedit
The Uddhav Thackeray-led newly-formed coalition government in Maharashtra has come under fierce criticism from the opposition BJP and farmers’ group after the decision to only waive the crop loan with an outstanding amount of less than Rs two lakh as of September 30.
According to a government resolution (GR) which specifies the criteria for the waiver scheme, issued on Saturday, says farmers whose outstanding crop loan amount till September 30 this year exceeds Rs two lakh will not be eligible for the loan waiver scheme.