Onion prices continued to slide in the wholesale market at Gultekdi Market Yard on Monday due to excess supply of the commodity, prompting farmers to stage strong protest demanding higher procurement price by commission agents. Agriculture Produce Market Committee (APMC) The agitation started early in the morning and farmers disrupted supply of vegetables and other commodities to the wholesale market. They were called for a meeting by the commission agents...

After feeding the country, the enterprising farmers of Punjab now want to try their hands in Ethiopia. The progressive farmers, mainly members of Poscon (Confederation of Potato Seed Farmers), are planning to take 2,000-5,000 hectares farmland on lease in Ethiopia for growing cash crops like oilseeds, pulses, sugarcane and maize. The delegation of the progressive farmers has twice visited Ethiopia on the invitation of Ethiopian government. Speaking to Business Standard, Poscon...

Almost a year after the state government promised to impose stringent laws to arrest the exploitation of farmers at the hands of private moneylenders, the rate of borrowing has gone up to 36-40% in the state. The laws remain on paper as the government has failed to put in place any regulatory body that could take action against the private moneylenders in the state. Highly-placed sources in the government said, “The...

India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the Asian Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the Asia-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...

The chamber said concrete steps need to be taken to promote investment, given that recent data shows the investment growth rate slowed from 38.1% in 2007-08 to 36.5% in 2009-10 The Confederation of Indian Industry (CII) on Tuesday called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector. “CII has recommended encouraging private sector participation...