India's agriculture and allied sector grew by 3.8 per cent in the first six months of the current fiscal, against one per cent in the year-ago period on the back of better kharif crop output. According to the GDP data released by the Central Statistical Organisation (CSO) today, the country's farm sector grew by 2.5 per cent and 4.4 per cent each in the first two quarters of the current fiscal,...
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India's oilseeds production dips to 249 lakh tonnes in 2009-10
India's oilseeds production dipped to 249.3 lakh tonnes in the crop year 2009-10, compared to 277.2 lakh tonnes in the previous year, Parliament was informed today. The country had produced 297.6 lakh tonnes of oilseeds in 2007-8, Minister of State for Agriculture K V Thomas said in a written reply in Lok Sabha. As a result of the fall in oilseeds production, the minister said, India has been facing shortage of edible...
More »FCI to add 16 mn tonnes foodgrain storage capacity in 2 yrs
Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...
More »Rain damages 20 p.c. of kharif crops
Torrential rain over the past two weeks has damaged 20 per cent of the standing crops, and the loss has been estimated at Rs. 500 crore. Minister for Agriculture Umesh Katti told presspersons here on Thursday that crops about to be harvested were damaged in Chitradurga, Kodagu, Haveri, Shimoga, Chikmagalur, Mandya, Hassan, Gadag, Belgaum and Chickballapur districts. Crops such as jowar, paddy, maize, ragi and potato were damaged extensively in some...
More »Nearly Rs 90,000 cr credit disbursed to farmers in Q1
Banks have disbursed nearly Rs 90,000 crore credit to farmers in the April-June quarter of this fiscal, the government said on Monday. The government has fixed the credit flow target during 2010-11 fiscal at Rs 3,75,000 crore. "Agriculture credit of Rs 89,687 crore has been disbursed to farmers across the country till June 2010 in the financial year 2010-11," an official statement said. The credit disbursement in 2009-10 was Rs 3,66,919 crore against...
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