-The Times of India NEW DELHI: Moving to fulfil its budget promise and address political heat over farmer discontent, the government is set to announce a new minimum support price (MSP) regime that will provide farmers a profit margin of 50% over cost of production. The additional bill is likely to be around Rs 33,500 crore. The new MSP, to be considered by the cabinet on Wednesday, will largely apply to paddy...
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Here's how kharif planting gets a monsoon booster across the country
-Business Standard In the case of paddy, the current bout of rain should push transplanting crops from nurseries in Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar Mumbai/ New Dehi: The southwest monsoon, after a relatively lull phase, has become active over the past two days in belts of eastern, central, northern and western India where mainly pulses, oilseeds, cotton, and paddy are grown. There are forecasts of heavy to very heavy rain. In...
More »Mining and agriculture lag behind other sectors in terms of GVA growth in Jan-Mar '18
The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...
More »Farm subsidies: the coming fight at the WTO
-Livemint.com India needs to defend policies that make agriculture remunerative and stand by its poor at this stage of development In an attempt to combat rural distress, the Union budget announced this year by finance minister Arun Jaitley promised a new deal to farmers—minimum support prices (MSP) that would be 150% of the cost of production. The government is expected to announce the first set of support prices under the new policy in...
More »Banking on normal monsoon, Centre sets record foodgrain target
-The Economic Times New Delhi: The Agriculture ministry is targeting record foodgrain output of 283.7 million tonnes in the crop year beginning July, with 140.20 million tonnes targeted for the kharif (summer-sown) crop, on expectation of normal rains during the June-September monsoon season. “The weather office forecast of normal monsoon this year is good news for kharif planting and farmers,” Agriculture Minister Radha Mohan Singh said. He said the government was working...
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