Media Monitor
Budget
Budget 2022: Agritech boost to fuel farmers’ aspirationsedit
Fortune – Online
Promoting chemical-free farming, especially for farmers whose lands are close to the river Ganga, delivery of hi-tech digital services to farmers, use of drones to aid farmers, and last but not least, the impetus to agritech startups — Union Budget 2022-23’s agri-related policies could certainly be a game-changer for the agriculture sector if implemented in the right spirits. The step towards digitising land records, according to experts, could significantly help in linking farmers to a lot of businesses, which would mean additional incomes. Farm technology and mechanisation aren’t really new to Indian farmers. Visit any moderately well-to-do farmer in rural India, he is quite aware of of agritech platforms. Be it weather-related information, knowledge on pesticides ...
Budget 2022: Nirmala Sitharaman announces major impetus for agriculture and farm sectoredit
Times Now News – Online
Finance Minister Nirmala Sitharaman has made significant announcements for the agriculture sector in the Union Budget 2022. Announcing the estimated procurement of wheat in Rabi season 2021-22 and of paddy in Kharif season 2021-22, she said that 1,208 lakh metric tonnes of wheat and paddy will be procured from 163 lakh farmers. Further, she added that Rs 2.37 lakh crores will be the direct payment of Minimum Support Price (MSP) value to their accounts. Further, a completely paperless, e-bill system will be launched by ministries for procurement. Railways will develop new products for small farmers and MSMEs, the Minister added. Announcing the setting up of a fund with blended capital raised under co-investment model ...
Union Budget 2022-23: Agriculture sees little cause for cheeredit
DownToEarth – Online
Union Budget 2022-23 released February 1, saw limited focus on the agriculture sector and related policies. The overall allocation increased by a meagre 4.8 per cent for the year, even as important schemes for crop insurance and minimum support price (MSP) saw a drastic slashing of funds. The Budget speech saw no mention of the Union government’s ambitious plan to double farm incomes, which reaches its deadline this year (2022). The overall allocation for the sector increased marginally to Rs 123,960.75 crore in 2022-23, from Rs 118,257.69 crore in 2021-22. However, the Market Intervention Scheme and Price Support Scheme (MIS-PSS) was allocated Rs 1,500 crore, 62 per cent less than Rs 3,959.61 crore in revised estimates ...
Budget 2022: From Kisan drones to MSP; 10 things FM announced for farmersedit
Mint – Online
Budget 2022 India: Finance Minister Nirmala Sitharaman on Tuesday presented the annual Budget, focused on ensuring assured income to farmers with an announcement of ₹2.37 lakh crore towards direct payments for minimum support price (MSP) to wheat and paddy farmers for the fiscal year 2022-23. “Farm procurement value for FY23 to be ₹2.37 trillion,” she said in her speech. The announcement has come after months-long farmers’ agitation demanding guaranteed MSP for farm produce ended with the government repealing three controversial farm reform laws brought in 2020. The Finance Minister said that Indian Railways will develop new products and efficient logistics services for small farmers and Small and Medium Enterprises.
CLAAS Global Mentions
Claas keen to push the Rolls Royce connectionedit
Agriland – Online
In a recent fanfare of publicity, Claas brought to our attention that it had chosen to continue its partnership with Rolls Royce to power its Lexion and Tucano combine harvesters, Jaguar forage harvesters and Xerion tractors. Owners of these models may have been a little surprised to learn that they were, apparently, already driving a Rolls Royce-powered machine as Claas had, up until now, listed the engines as being Mercedes Benz units. Yet both badges are correct, and it would be quite legitimate to use either MTU or Daimler as well. The connection between all four names is rooted in the history of the diesel engine itself and specifically, the competition in Germany to develop and ...
Competition
Escorts tractor sales fall 37% in Jan 2022; up 21.5% M-o-Medit
ET Auto – Online
Escorts Agri Machinery (EAM) reported on Tuesday total sales of 5,707 tractors in January 2022 as against 9,021 tractors sold in January 2021 representing a drop of 36.7% year-on-year. However, the tractor sales rose 21.5% compared to that in December 2021. Domestic tractor sales in January 2022 were at 5,103 units as against 8,510 units in January 2021, it further added.Tractor sales in the overseas markets in January 2022 were at 604 units as against 511 units sold in January 2021, representing a growth of 18.2%, the company reported. According to the company, the industry wholesales continued to be impacted in January 2022, due to unseasonal rainfall in certain parts of the country. The high ...
Mahindra’s Farm Equipment Sector Sells 21162 Units during January 2022 in Indiaedit
Krishi Jagran – Online
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for January 2022. Domestic sales in January 2022 were at 21162 units, as against 33562 units during January 2021. Total tractor sales (Domestic + Exports) during January 2022 were at 22682 units, as against 34778 units for the same period last year. Exports for the month stood at 1520 units. Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21162 tractors in the domestic market during January 2022. On the back of good rainfall and high moisture content in the soil, Rabi sowing has been very ...
Paddy in India
Government to pay Rs 2.37 lakh crore for procurement of wheat, paddy under MSPedit
The Economic Times – Online
Nirmala Sitharaman on Tuesday said the government will pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations. Kisan Drones for crop assessment, land records and spraying of insecticides would be promoted, Finance Minister Nirmala Sitharaman said on Tuesday. “Use of Kisan Drones for crop assessments, land records, spraying of insecticides, are expected to drive a wave of technology in the Agriculture and farming sector,” the Finance Minister said as she read out Budget 2022-23 provisions. Inclusive development is the government’s priority, which includes farmers for Paddy, Kharif & Rabi crops, under which 1,000 lakh metric tonnes (LMT) paddy is expected to be procured benefiting over one crore farmers, the ...