India has been striving to achieve 4% growth rate in farm output since the beginning of Ninth Five-Year Plan. However, actual growth rate has remained invariably lower than the targeted growth rate. Further, agriculture witnessed a sharp slowdown during mid-1990s to the middle of the first decade of 21st century. Annual growth rate in farm GDP declined to 2.4% a year during 1995-96 to 2004-05 from more than 3% in the...
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Fertiliser subsidy to hit Rs 1 lakh crore; ministry to seek more funds by Rituraj Tiwari
The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said. "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...
More »No Walmart, Please by Rajindar Sachar
If the combined Opposition had sat down for weeks so as to find an issue to embarrass the UPA Government and make it a laughing stock before the whole country, they could not have thought of a better issue than the free gift presented to it by the UPA Government by initially insisting that it had irrevocably decided to allow the entry of multi-brand retail leader superstores like Walmart, USA...
More »Government projects record food output by Ruchira Singh
India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...
More »Small Indian hill state aims to improve agricultural livelihoods with UN loan
-The United Nations India is receiving a loan of nearly $90 million from the United Nations to improve agricultural livelihoods in the small north-western state of Uttarakhand, one of the poorest areas in the country. The money, resulting from an agreement signed today between the Government and the UN International Fund for Agricultural Development (IFAD), will go towards the Integrated Livelihoods Support Project, which aims to support and develop the food production...
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