The rural non-farming sector has been growing faster than that of the urban since early 1970s, says a report. The report on "Comparative growth between non-farming economy of rural and urban area" by the Associated Chambers of Commerce and Industry of India (Assocham) said the share of rural non-farming economy in rural gross domestic product (GDP) has increased from 28 percent in 1970-71 to 46 percent in 1999-2000. It said...
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Farmers in drought hit districts to get diesel subsidy
Farmers in drought hit districts in this unusually heavy rains monsoon season will get a diesel subsidy of Rs 500 per hectare, agriculture minister Sharad Pawar announced here on Friday at the start of the National Conference on Rabi Campaign, even as the Centre awaits bumper crop production for most key Kharif crops including paddy, pulses, coarse cereals and sugarcane. Oilseeds are the only crop where acreage is lower than...
More »Rates for sugarcane purchase announced
Despite announcement of record-breaking price for purchase of sugarcane, some sections of farmers still agitated at Madhya and Sayan Sugar factories demanding enhanced rates for the produce. Police lathicharged them at Madhi Sugar Factory premises near here on late Wednesday. Despite anger over the incident among the farmers, no violent incident was reported on Thursday from anywhere in the region. Purchase rates were announced for Bardoli, Chalthan, Madhi, Kamrej, Gandevi,...
More »Above normal rains raise India harvest concerns
India’s monsoon rains were 19% above normal in the week to 15 Sept., the weather office said on Thursday, feeding concern cotton and groundnut harvests could be further delayed in Asia’s third-largest economy. “The monsoon withdrawal is unlikely at least in the next couple of days,” said a senior official of the weather office who did not wish to be named. Rains had already exceeded averages by 26% in the previous week. Signs...
More »Govt okays modified farm insurance scheme
The Government on Thursday approved the Modified National Agricultural Insurance Scheme (MNAIS). Significantly, private sector insurers with adequate infrastructure and experience will also be allowed in the implementation of MNAIS. “With the introduction of the modified scheme, it is expected that an increased number of farmers will be able to manage risk in agriculture production in a better way and will succeed in stabilising farm income particularly at times of crop failure...
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