Times Now News

Domestic rating agency India Ratings and Research on Tuesday revised downward the country’s FY21 GDP growth forecast to (-) 11.8 per cent, lowest in Indian history, from an earlier estimate of (-) 5.3 per cent.

The agency, however, expects the economy to grow at 9.9 per cent in FY22 helped mainly by the weak base of FY21. India Rating’s FY21 GDP growth forecast of negative 11.8 per cent will be the lowest GDP growth in the Indian history (GDP data is available from FY-1951) and sixth instance of economic contraction, others being in FY-1958, FY-1966, FY-1967, FY-1973 and FY-1980. The previous lowest was negative 5.2 per cent in FY-1980, the rating agency said in a report.

Indian Express

In his latest opinion piece in The Indian Express, Ajay Vir Jakhar, chairman, Bharat Krishak Samaj, has written that “it appears the PM is in the dark about the delivery of his government’s policies, just as the Congress leadership seems clueless about issues on the ground”.

He points out four specific pain points that unmask the gap between policy and impact on the rural economy.

Under PM Kisan, each landowning farmer (landless are excluded) receives Rs 6,000 annually. A farmer growing a combination of paddy and wheat utilises about 50 litres of diesel per acre. Today, each litre of diesel gets taxed at about Rs 45. So a small five-acre farmer could be paying about Rs 6,000 as diesel tax, ...

Indian Express

The rodomontade about heralding a new epoch of prosperity six years ago is gradually evaporating. It appears the PM is in the dark about the delivery of his government’s policies, just as the Congress leadership seems clueless about issues on the ground. Four specific pain points unmask the gap between policy and impact on the rural economy.

Under PM Kisan, each landowning farmer (landless are excluded) receives Rs 6,000 annually. As per a Punjab Agriculture University study, a farmer growing a combination of paddy and wheat utilises about 50 litres of diesel per acre. The diesel usage differs, depending on the crop and practices. Today, each litre of diesel gets taxed at about Rs 45. Even if ...

Down To Earth

Organic farming is in a nascent stage in India. About 2.78 million hectare of farmland was under organic cultivation as of March 2020, which is two per cent of the 140.1 million ha net sown area in the country, according to the Union Ministry of Agriculture and Farmers’ Welfare.

A few states have taken the lead in improving organic farming coverage, as a major part of this area is concentrated only in a handful of states. Madhya Pradesh tops the list with 0.76 million ha of area under organic cultivation — that is over 27 per cent of India’s total organic cultivation area.

The top three states — Madhya Pradesh, Rajasthan and Maharashtra — account for about ...

Krishi Jagran

Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), Amul has announced an investment of Rs 1,500 crore over the next two years.

GCMMF managing director RS Sodhi said that the company would spend Rs 1,000 crore over the next two years on setting up milk processing plants. Besides, Rs 500 crore will be spent on new products such as edible oil facilities.

Times Of India

The ‘Rashtriya Kamdhenu Aayog’ (National Cow Commission), constituted by the Centre last year for conservation, protection and development of cows, will promote the use of multiple products of cow dung/urine as a business model so that more and more livestock farmers can join hands under a cooperative model to protect non-milk producing cattle in a sustainable manner and earn from it.