-Business Standard The Shanta Kumar Committee on restructuring FCI has suggested the reach of the National Food Security Act be curtailed to 40 per cent of the population The National Democratic Alliance government set up the high-level Shanta Kumar Committee to restructure and reform the state-owned Food Corporation of India. Instead, the panel ended up providing a road map to restructure the entire farming and food security policy of the government. In...
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Draft guidelines issued for onion, potato price stabilisation fund
-Business Standard The central government's price stabilisation fund for potatoes and onions proposes to take on only half of any losses incurred by agencies of state governments in this regard, such as civil supply corporations. The draft guidelines for the Fund, creation of which was announced in the 2014-15 Budget by Finance Minister Arun Jaitley, say if any central government agency (such as Nafed or SFAC, the Small Farmers Agri-Business Consortium)...
More »Soon, farmers can insure against losses from natural disasters
-Business Standard Currently, the Department of Agriculture runs two crop insurance schemes, one of which is weather-based The Centre is devising an insurance product for farmers that will guarantee to make good their loss in income from natural calamities for at least seven years. For crops with minimum support prices (MSPs), the loss in income will be based on the MSP; for others, it will be calculated based on the average market...
More »Monocropping to hurt cotton farmers in Gujarat -Tomojit Basu
-The Hindu Business Line Mehsana (Gujarat): A monocropping culture, driven by healthy returns, threatens to hurt cotton farmers in Mehsana and other districts in the country's largest cotton-producing State, say agriculture experts working in the region. As the price of cotton slips due to excess supply and China scaling back on purchases, farmers in north Gujarat risk mounting their losses and the likelihood of reduced sowing in May. They had increased cotton...
More »US offers clean energy assistance
-The Telegraph New Delhi: The US today pledged financial and technical assistance to help India expand its renewable energy programme, monitor air quality over its cities and improve India-specific climate forecasts among new initiatives on energy and climate. A joint statement issued tonight after delegation-level talks led by Prime Minister Narendra Modi and US President Barack Obama outlined proposed actions that could help India curb its growth of greenhouse gas emissions and...
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