Media Monitor
Agriculture Industry
Agriculture shines despite intense heatwave as manufacturing faltersedit
Financial Express – Online
The farm and allied sector recorded a decent 4.1% expansion in the March quarter and remained a bright spot in the GDP data, despite intense heatwave curtailing the yield of wheat and the farm ministry slashing its cotton harvest forecast in the latest estimate released earlier this month. However, a contraction in manufacturing in the fourth quarter of FY22, albeit marginal and on an inconducive base, doesn’t bode well for the promise of a quick and sharp turnaround in private capex. Growth in the manufacturing sector, hit by high input costs, tangled global supply chains and Covid-induced curbs on mobility in the initial months of the last quarter, sink to -0.2%, against 0.3% in the ...
Competition
Escorts records 31% growth in tractor sales in Mayedit
Business Standard – Online
Escorts Agri Machinery Segment (EAM) in May 2022 sold 8,421 tractors, its highest ever May sales, registering a growth of 31.1% as against 6,423 tractors sold in May 2021. Domestic tractor sales in May 2022 were at 7,667 tractors registering a growth of 24.5 percent against 6,158 tractors sold in May 2021. We see rural sentiment gradually improving inspite of low crop yields due to extreme heat conditions this harvest season, on account of better crop price realization and forecast of normal rainfall and possible timely sowing this year. With recent Government actions, Inflation may stabilise in near term and operating leverage may further possibly help in partially diluting the impact on margins in coming ...
Dairy Farming
Smart Dairy Farming: How Cow Milking Machine Can Double Farmer’s Incomeedit
Krishi Jagran – Online
Dairy farming is the practice of keeping or rearing animals for the purpose of producing milk and dairy products. For profitable dairy farming, farmers must select popular cows, sheep, and goat breeds. Smart Dairy Farming Smart dairy farming is becoming more viable thanks to the Internet of Things (IoT) and data-driven strategies. Because of the world’s growing population, milk consumption is steadily increasing. In developed countries, dairy products are consumed at a higher rate than in undeveloped countries. Better technical solutions for increasing milk output are necessary to fulfill this rising demand for milk products. The usage of IoT and various AI techniques is intended to aid a farmer in overcoming several traditional farming obstacles ...
Govt. Policies
Maharashtra Govt Requests Restoration of 2% Interest Subvention Scheme for Farmersedit
Krishi Jagran – Online
The State level Bankers’ Committee which met in the presence of Maharashtra Chief Minister Uddhav Thackeray in Mumbai, has approved a resolution asking for restoration of 2 percent interest subvention. In a letter to Agriculture Minister Narendra Singh Tomar, Thackeray said a circular issued earlier this year by the farm ministry and NABARD (National Bank for Agriculture and Rural Development) said that the 2 percent interest subvention scheme for short-term crop loans had been modified and the subsidy would not be available from fiscal 2022-23. “This (discontinuation of scheme) will have an adverse impact on the financial position of cooperative banks and, in turn, will have a serious negative impact on the distribution of short-term ...
Telangana: 15 lakh acres of barren land may lose Rythu Bandhu schemeedit
The Times of India – Online
In a bid to reduce wasteful expenditure on Rythu Bandhu scheme from this year, the government is mulling over excluding about 15 lakh acres of barren and uncultivable land from payment ambit. As of now, Rythu Bandhu input support is extended to all farmers and Rs 10,000 per acre per year is being paid to all irrespective of cultivable or uncultivable land. About 61 lakh farmers are getting the benefit for the past four years. This year, the state government has earmarked Rs 14,000 crore for the input scheme. The revenue department through district collectors has identified such barren land and reportedly submitted a report to the government. The fate of the proposal ...
Paddy in India
Cauvery water to reach tail-end areas, enhance paddy production: M K Stalinedit
Business Today – Online
Tamil Nadu Chief Minister M K Stalin on Tuesday asserted that the initiative to desilt irrigation canals and waterbodies in the Cauvery Delta region would facilitate the Cauvery water to reach the tail-end areas and help farmers bring more acreage under paddy cultivation. Video Player is loading. PlayUnmute Loaded: 0.00% Fullscreen About 683 desilting works taken up for a length of 4,964.11 km have been completed, he said. ”The Cauvery water will now flow till the tail-end areas… this will help increase productivity. Farmers will be glad,” the Chief Minister said in a tweet. On the concluding day of a two-day trip to the Cauvery delta districts, which commenced on Monday, Stalin inspected the desilting ...