Media Monitor
Agriculture Industry
Boosting farmers’ income: ‘Tweak crop pattern, avoid import policy flip-flops’edit
Financial Express – Online
Stating that the agriculture sector has been ‘resilient’ to the Covid-19 shock, the survey has recommended crop diversification towards oilseeds, pulses and horticulture through provisions of irrigation, credit and marketing infrastructure for promotion of sustainable agriculture. It also suggested to the government to give thrust on animal husbandry, dairying and fisheries sectors for harnessing the potential of agriculture and allied sectors in boosting farmers income.
Private investment critical for agriculture, states Economic Surveyedit
Hindustan Times – Online
The Budget-eve Economic Survey tabled by finance minister Nirmala Sitharaman in Parliament on Monday has called for a “focused and targeted approach” towards capital investment in the agriculture sector to boost farm incomes, flagging swinging levels of private investment as a concern. “There is a direct correlation between capital investments in agriculture and its growth rate,” the survey states. According to the annual report card on the economy, the farm sector has witnessed “wide fluctuations in private investment in agriculture”, while public investment has remained stable between 2-3%.
Economy Survey: Resilient agriculture sector growth at 3.9% in 2021-22edit
Business Standard – Online
Agriculture and the allied sector proved to be the most resilient to the Covid-19 shock as it registered a growth of 3.6 per cent in 2020-21 and improved to 3.9 per cent in 2021-22, driving the overall Indian economy’s real GDP expansion of 9.2 per cent in 2021-22, according to the Economic Survey 2021-22. It also said that the growth in the allied sector is in line with the recommendations of the Committee on Doubling Farmers’ Income. Stating that the agriculture sector has experienced buoyant growth in the past two years, the Economic Survey noted that the agriculture and allied sector is the largest employer of workforce as it accounted for a sizeable 18.8 per ...
Agriculture sector needs private funds, crop diversificationedit
The Times Of India – Online
The farm sector has experienced buoyant growth in the past two years, showing resilience in the face of Covid-19 shock, the Economic Survey said on Monday while strongly pitching for private corporate investments in the sector and recommending the government to give priority to crop diversification towards oilseeds, pulses and horticulture by addressing the core issues of irrigation, investment, credit and markets. Underlining how “investment is critical to the growth of a sector”, the Survey, tabled in Parliament by finance minister Nirmala Sitharaman on the first day of the Budget session, said, “Higher access to concessional institutional credit to farmers and greater participation of private corporate sector, whose investment rates are currently as ...
Budget
Budget 2022: Capital expenditure to rise to Rs 7.50 lakh crore from Rs 5.54 lakh crore last yearedit
The Print – Online
Finance Minister Nirmala Sitharaman on Monday announced that the Union government’s capital expenditure in financial year 2022-’23 will be Rs 7.50 lakh crore from Rs 5.54 lakh crore in this fiscal – an increase of 35.4%. Capital expenditure will now account for 2.9% of the country’s Gross Domestic Product, the finance minister said. Sitharaman also announced an allocation of Rs 2.37 lakh crore for procurement of wheat and paddy under the minimum support price regime in the Union Budget for 2022-’23. Starting her Budget speech, she said that the four focus areas of this Budget are: private investment in transport sector under the PM Gati Shakti project, inclusive development, optimising productivity and boosting financial investment.
Budget 2022: Five agri stocks to bet on ahead of FM’s speechedit
Fortune India – Online
Finance minister Nirmala Sitharaman is all set to present her fourth Union Budget today. Given the economic disruption caused by the Covid-19 pandemic, the stock market is expecting the government to announce more supportive schemes for agriculture sector, which is one of the key pillars of the Indian economy. With nearly half of India’s working population engaged in agriculture, the government is expected to incentivise value addition in farm sector to boost farmers’ income. In the last few years, Prime Minister Narendra Modi-led central government has continuously increased budgetary allocation towards the agri sector, which is the backbone of the Indian economy. This sector’s contribution to India’s Gross Domestic Product (GDP) has climbed from 17.6% ...
CLAAS Mentions
Balers Market: Notable Developments & Geographical Outlookedit
Market Research Blog – Online
Since the advent of agriculture equipment in late centuries, the hay was removed manually by hand or most typically using hay forks to rake and gather hacked grasses into ideal sized heaps. Later in 1860s, mechanical cutting grass were developed, from there modern devices such as balers and mowers were developed. By 1940s, balers were automatically picked up hay from the ground and were attached to tractors. Companies such as New Holland, Hesston, and John Deere have continually refined the balers into a modern farm equipment. Additionally, manufacturers are launching new balers with advanced features to sustain their market share over the forecast period. For instance, Claas KGaA mbH introduced new stationary chamber round ...
Dams and Indian Agriculture
To Augment Water Harvesting in Villages of Andhra Pradesh, EFFORT partners with IPM India Wholesale Tradingedit
Indian Web2 – Online
EFFORT, a non-profit organisation committed to empower rural communities for sustainable development has successfully completed a water harvesting project in collaboration with IPM India Wholesale Trading across key water distressed regions of Andhra Pradesh. With an aim to improve water resource management, the project has focused on conserving rainwater by developing relevant infrastructure as well as educating local communities. Today, India is on the brink of a water crisis. The 2030 Water Resources Group estimates that if we continue to consume water as per the current rate, India will have only half the water it needs by 2030, a possible reality which is only ten years away.
Events
Post Budget (2022-23) Discussion: Focus on Agriculture to Revive India’s Economyedit
Krishi Jagran – Online
A populist budget with a rural slant: What could be in Budget 2022? A chance for decisive transformation and win back farmers again. This is the year 2022, and farmers anticipate that the government will make decisions that will have a direct impact on their income. Technology has disrupted the agribusiness value chain, and Agri Tech firms are addressing the various need gaps and challenges in the value chain, which may aid in improving production, productivity, and quality, as well as driving overall efficiency and transparency. To make this a success, farmers must adopt technology and practices, which necessitate behaviour change, awareness creation, and capacity building.
Farm Mechanization
Punjab among top states with over 100% ground water extractionedit
The Indian Express – Online
WHILE THE overall rate of ground water development (ratio of annual ground water draft and net annual ground water availability) in the country is 63 per cent, Punjab is among the top four states where this ratio, which signifies the rate of extraction of ground water, is more than 100 per cent. This was revealed in the Economic Survey of India (ESI) released Monday by the Union government ahead of the annual Budget. States in high (more than 100%) and medium (70-100%) category are required to focus on both medium and long term ground water recharge and conservation plans. Under a government scheme aimed at Punjab, Haryana, UP and Delhi, during 2020-21, 51,988 agricultural ...
Silage
Know what is silage packing machine, which doubled the income of the farmers of Jharkhandedit
Jagran – Online
With the installation of silage green fodder packing machine in the block, the doors of economic prosperity of farmers and livestock owners have started opening. Abhinav Kishor, a resident of Madvaniya village, had gone to Israel three years ago with a team of 24-member farmers from Jharkhand state. After seeing the method of silage manufacturing there, he came to the village and established a silage packing machine. The said machine has been imported from China by spending 25 lakh rupees.
Tractor industry
Profitability of tractors shrink due to various factors: Crisiledit
Construction Week – Online
Operating profitability of tractor makers is set to shrink by 300-400 basis points in the ongoing fiscal year owing to a sharp increase in raw material prices, primarily steel, along with lower sales volume, ratings agency Crisil said. Crisil also said it expects domestic tractor sales volume to decline 4-6 per cent in 2021-22 amid the volume growth moderating to 0.7 per cent in April-December 2021. In the ongoing fiscal year, Crisil said, prices of key raw materials such as steel and pig iron, which account for 75-80 per cent of total cost, have risen 35-40 per cent year-on-year in April-December and discretionary costs have normalized. However, despite the resultant decline, operating margin will remain ...