Media Monitor
Agriculture Industry
Winds of steady revivaledit
Based on the positive data on the state of the economy, speculations are rife that the Reserve Bank of India (RBI) may cut interest rates in its forthcoming monetary policy slated on April 5. Such a move can spruce private investment and help accelerate revival of the economy.
The major respite comes from fall in Consumer Price Index (CPI)-led inflation to 4.44% in February this year, from 5.05% in January, though it is more than the corresponding level of 3.65% of February 2017. With the fourth quarter coming close to an end, taking stock will help plan the growth trajectory of FY19.
Maha CM bats for states’ share in crop insurance scheme at 50%edit
Maharashtra Chief Minister Uddhav Thackeray on Thursday demanded that the states’ share in the Pradhan Mantri Pik Vima Yojana (PM’s crop insurance scheme) should remain at 50 percent.
He was speaking at a video conference with Union agriculture minister Narendra Singh Tomar on the agriculture reforms ordinance.
Innovations and investment to impact Indian agriculture: Studyedit
latest study has explored how new technologies, demographic trends, and climate change will impact Indian agriculture and food systems over the next decade.
Titled “The Future of Indian Agriculture and Food Systems: Vision 2030”, the report by Omnivore, an agritech venture capital firm, says aggritech innovations will have an outsized impact on Indian agriculture by 2030.
The report points out the need for investment in horticulture, dairy, poultry, aquaculture, and food processing. It anticipates a future with significant advances in farm mechanisation and automation, including farm robots taking over labor intensive tasks and reducing drudgery.
The report further notes that India’s agricultural workforce in the future will be smaller, younger, and more gender diverse, and will ...
One Nation, One Ration Card: Govt may extend implementation deadlineedit
The food ministry on Friday said it is considering extending the implementation of ration card portability under the ‘One Nation-One Ration Card’ initiative beyond March 2021.
This was discussed at a meeting of an empowered committee on public distribution system (PDS) reforms, chaired by Food Secretary Sudhanshu Pandey. The meeting was for review and approval of extension of the Integrated Management of PDS (IM-PDS), under which the ‘One Nation-One Ration Card’ plan is being implemented.
IM-PDS is a portal that provides the technological platform for the inter-state portability of ration cards.
Agritech innovations to have major impact on Indian agriculture by 2030: Reportedit
Omnivore, a leading agritech venture capital firm, launched its report on The Future of Indian Agriculture and Food Systems: Vision 2030. The report, a bold vision for agritech, explores how new technologies, demographic trends, and climate change will impact Indian agriculture and food systems over the next decade.
Implications of India’s rising Agri exportsedit
India’s export business has been among the worst hit by the ongoing pandemic. In the first four months of the current financial year, namely, from April to July, merchandise exports have fallen by over 30% over the corresponding period in 2019. But amidst this gloom, there is cheer in officialdom that exports of agricultural commodities have increased.
In July, several agricultural commodities, especially of food grains and oils, showed a spurt in exports. As compared to the levels in July 2019, exports of non-basmati rice rose by 48%, other cereals by 205% and oil seeds by nearly 33%. If we go back to the figures of the first quarter, namely April to June, for which further ...
Good rainfall helps farm sector post record kharif crop acreage despite Covid-19 and floods Read more at: https://economictimes.indiatimes.com/news/economy/agriculture/good-rainfall-helps-farm-sector-post-record-kharif-crop-acreage-despite-covid-19-and-floods/articleshowGood rainfall helps farm sector post record kharif crop acreage despite Covid-19 and floodsedit
In what should spell good news for the rural economy, India has reported an all-time record acreage of Kharif (summer sown) crops this year despite the Covid-19 pandemic and flood situation in many states. The development indicates that the farm sector, which remained largely free of restrictions during lockdown, may continue to register growth despite a shrinking GDP.
Punjab: House passes resolution rejecting Centre’s farm ordinancesedit
Punjab Vidhan Sabha Friday passed a resolution rejecting the farm ordinances and proposed Electricity Bill promulgated by the Centre.
The resolution was moved by the Chief Minister Amarinder Singh and was supported by the opposition Aam Aadmi Party (AAP) and Lok Insaaf Party (LIP), but was opposed by the BJP. SAD MLAs gave the sitting a miss.