-PTI NEW DELHI: Around 20 million tonnes of wheat is wasted in India every year due to inadequate storage infrastructure, Institution of Mechanical Engineers said today. "Foodgrains are lost in India mainly due to lack of facilities in storage and transportation. 20 million tonnes of wheat is lost every year as a result of that," said Tim Fox, Head of Environment at the UK-based body. He released the report, 'Global Food: Waste not,...
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$15 bn rollover of subsidy costs into next budget?
-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
More »NABARD Launches New Scheme to Advance Direct Loans
-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...
More »Onion crisis to last 2-3 weeks: Pawar -Vishwa Mohan & Dipak Kumar Dash
-The Times of India NEW DELHI: Even as the Centre on Wednesday stepped in to import onion from China and Pakistan in a bid to cool down prices of the staple, Union agriculture minister Sharad Pawar warned that the crisis may continue for another two to three weeks. "Next two to three weeks will be tough. Ultimately, we have to find a solution. We have to import as early as possible," Pawar...
More »Doubling farm growth: Sufficient soil moisture+water=Great winter crop -Dharmakirti Joshi
-The Economic Times That India has had an excellent monsoon is a given, as is the prognosis that it will more than double agricultural growth from the lowly 1.9% seen in the last fiscal year. The happy tidings on the farm front won't end there. The joy could actually multiply by the last quarter of this fiscal year because abundant rains will benefit the increasingly important winter rabi crop more than...
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