Media Monitor
Agriculture Industry
13% more sowing points to a bumper kharif cropedit
Farmers have planted kharif or summer-sown crops, which account for half of India’s annual food output, on 9.3 million hectares – 13.2% higher than last year’s level for this time of the year – in an indication that the agriculture sector has largely escaped the impact of the coronavirus disease (Covid-19) outbreak so far.
The area sown is a critical gauge of the progress of cultivation, which depends on availability of inputs, such as fertilisers, seeds and pesticides, apart from weather. A larger sown area, aided by good weather, is an early sign of ample harvests.
Multiplexed maximization of farmer earnings and national food securityedit
Agriculture is India’s most asymmetric workforce-economic dynamic. 43% of India’s workforce depends on the sector which contributes only 17% to national GDP. This results in low average per-capita farmer income at Rs 55,000 compared to a national average of Rs 1.5 lakh.
Prime Minister Narendra Modi’s promise to double farmer incomes by 2022 is an opportunity to break out of a 70-year stagnation. At the heart of this is to empower farmers to realise the full consumer-price for their crops and other products. Atma Nirbhar Bharat Abhiyan (ANBA) is a transformational step towards this. Further, the composition of agricultural gross value add (GVA) is rapidly changing, and we must evolve a strategy that capitalises on these market ...
S&P To Weigh Agri Market Reforms, Ease Bad Loan Stress For Future Ratingsedit
Rating agency S&P will give credence to reforms in the agriculture and labour market as well as easing of bad loan stress of the banking sector, while deciding future rating action on India, a senior official has said.
S&P Director and Lead Analyst Sovereign & IPF Ratings APAC Andrew Wood also said that the return of insolvency provision under the Insolvency and Bankruptcy Code (IBC), which was suspended for at least six months, and stronger regulator framework would be important in improving the health of Indian banks.
Procurement of paddy surpass 10 Lakh MT in Odishaedit
Odisha government has said that procurement of paddy (Rabi Crop) has crossed the target 10 Lakh MT. So far, more than 11,86,000 MT of Rabi paddy has b been procured.
WTO talks should ensure level-playing field for farmersedit
Even amid the pandemic, WTO members are engaged in negotiations to discipline the trade-distorting support to agriculture.
Agricultural activity gains momentum in Nalgondaedit
With rains lashing the district for the past three days, agricultural activity has gained momentum in Nalgonda district with farmers taking up sowing of seeds and growing paddy nurseries for the Vaanakalam crop season.
Speaking to Telangana Today, K Rajaiah, a farmer and native of Cherlagowraram village in the district, said that Arudra Purugulu (giant red velvet mites or rain bugs) were spotted in the agricultural fields after the rains in the past three days, which is the traditional green signal for farmers to go ahead with cultivation works for the monsoon crop season.
FARMERS ALERT! IMD Predicts Excessive Rainfall in 20 Subdivisions out of 36edit
With the country in the middle of a pandemic, every sector is now looking with caution towards the future. Agriculture is also one of those sectors even though it has performed very well in these testing times. The agriculture sector is now an important part of the government in helping to move over this crisis.
The Agriculture situation is now at a crucial juncture with the sowing of kharif season to begin and also with the monsoons approaching this season is quite important for the farmers to get good crops to help them get over their loss in the previous cycle due to lockdown.