Media Monitor
Agriculture Industry
Growth in farm sector pegged at 3.5% in FY23: First advance estimatesedit
Business Standard – Online
The gross value added (GVA) in agriculture and allied activities is expected to grow by 3.5 per cent in constant price terms in financial year 2022-23 (FY23), which is close to its long-term growth trend. According to the first advance estimate of national income for FY23 released on Friday, the growth in GVA in FY22 was estimated at 3 per cent at constant prices. In current price terms, the FY23 GVA growth was projected at a sharp 12.50 per cent, among the best in recent times. This translates to an inflationary impact of 9 per cent, which too is among the highest in recent times. In comparison, during the corresponding period of last year growth ...
World food prices hit record high in 2022 despite December falledit
The Economic Times – Online
World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 132.4 points last month compared with a revised 135.00 points for November. The November figure was previously given as 135.7 points.
Govt. Policies
Telangana Sets New Benchmarks in Agriculture; Enormous Progress in Food Grain Productionedit
Krishi Jagran – Online
Along with agriculture, the state has seen an increase in allied sectors such as cattle, poultry, and livestock production, which has become an important sector for the food processing industry. According to officials, investments in the state have increased as a result of the infrastructure provided by the government to attract investments in the food processing sector. Soon after the formation of the state, Chief Minister K Chandrashekhar Rao made agriculture a priority sector, launching a slew of initiatives to improve infrastructure and ensure uninterrupted power and irrigation water supply.