-PTI NEW DELHI: Around 20 million tonnes of wheat is wasted in India every year due to inadequate storage infrastructure, Institution of Mechanical Engineers said today. "Foodgrains are lost in India mainly due to lack of facilities in storage and transportation. 20 million tonnes of wheat is lost every year as a result of that," said Tim Fox, Head of Environment at the UK-based body. He released the report, 'Global Food: Waste not,...
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NABARD Launches New Scheme to Advance Direct Loans
-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...
More »Food inflation: How to decode the onion price puzzle-Usha Tuteja
-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...
More »NABARD now offers loans to corporate sector-Nagesh Prabhu
-The Hindu Bangalore: In a major shift in its lending practice, the National Bank for Agriculture and Rural Development (NABARD) has opened a lending window to the corporate sector for construction of warehouses and creation of Cold Storages and cold chains. NABARD had only been granting soft loans to State governments for social sector projects. Speaking to The Hindu on Monday, G.R. Chintala, Chief General Manager (CGM), Regional Office, Bangalore, said it was...
More »Second green revolution will start from Bihar: CACP chairman -Sutanuka Ghosal
-The Economic Times KOLKATA: Soon Bihar will become Punjab and second green revolution will start from these areas, said Dr Ashok Gulati, chairman, Commission for Agriculture Cost & Price at the 3rd Crop Summit held in Bihar. Dr Gulati raised the issue of unavailability of proper support value to farmers. He further told that Bihar doesn't have any issue in production but procurement is the major issue. Its rice milling capacity is...
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