In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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India's farm sector performance has improved over the years, shows latest FAO report
The World Food and Agriculture – Statistical Yearbook 2022, released in December 2022, provides its readers a plethora of useful statistics and data across the countries pertaining to agriculture and food security. The yearbook by Food and Agriculture Organization (FAO) primarily covers four themes -- Economic Dimensions of Agriculture; Production, Trade and Prices of Commodities; Food Security and Nutrition; and Sustainability and Environmental Aspects of Agriculture. While going through the report,...
More »What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Open Field Tests of GM Mustard Need to be Conducted with Utmost Precaution: AIPSN
-The Hindu “It would have been better if seed production trials take place in a controlled rather than in an open environment so as to assess various risks before conducting open field trials,” read a statement by the AIPSN. Following the go-ahead for production and field testing of hybrid seeds of genetically modified (GM) mustard, All-India Peoples Science Network (AIPSN) has demanded that the open field tests, if any, be conducted with...
More »Starved of data: India’s hungry people go missing from FAO report -TK Rajalakshmi
-Frontline.in FAO’s latest report found world hunger rising. However, India’s data on food insecurity is missing. The Food and Agriculture Organisation’s “State of Food Security and Nutrition in the World (SOFI) 2022” report begins with a dismal piece of data: the number of people unable to afford a healthy diet has increased by 112 million to touch 3.2 billion, a reflection of rising food prices during the pandemic. The report, a joint effort...
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