The Punjab Government Thursday requested the Reserve Bank of India that it should impress upon Public Sector banks to aggressively promote Agricultural Debt Swap scheme to free the farmers from the clutches of moneylenders. The Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal raised this issue when Dr. D. Subbarao, Governor, RBI today called on him. The Deputy Chief Minister impressed upon the Governor that the Punjab farmers reeling under Rs....
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Potato prices to fall on good stocks, new crop by Sandip Das
After a significant jump in retail price of potato in the last two weeks due to disruption of supplies on account of heavy rain in northern India, prices are all set to fall because of huge stocks with traders in Uttar Pradesh and West Bengal, the two biggest potato producing states and expected arrival of the new crop from Punjab next month. Traders in Uttar Pradesh and West Bengal, who were...
More »kharif acreage up by 6.9% this year
Last year, paddy cultivation suffered owing to drought in 399 districts during the same period Area under coarse cereals is also up by 2.91 per cent at 21.2 million hectares this year Thanks to good monsoon, the area under rice cultivation this kharif season has gone up by 6.4 per cent. Last year, paddy cultivation had suffered owing to drought in 399 districts during the same period. As per the official data released...
More »India fertiliser demand seen at record high on rains
Ample monsoon rains and higher prices of farm goods are likely to lift Indian fertiliser demand in 2010/11 by 13 percent to a record 60 million tonnes, testing local fertiliser makers' ability to raise output in sync with the demand, industry officials said. India's June-Sept monsoon rains, a key factor in determining food grain production and fertiliser demand in the country, were 2 percent above normal in the current year, weather office data showed....
More »Sharp hike in MSP for pulses proposed
Higher support prices for kharif pulses has resulted in a sharp jump in acreage under cultivation and production is estimated to rise to 6 million tonnes in the kharif season of the 2010-11 crop year The support price for wheat is likely to be hiked by a nominal Rs 20 in the rabi season, but the procurement rate for pulses could go up sharply, as the government wants to reduce dependence...
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