Driven by good performance of agriculture and services sector, the Indian economy grew by 8.2 per cent in the third quarter of the current fiscal, up from 7.3 per cent in the corresponding period a year ago. According to the data released by the government on Monday, Farm Sector during the third quarter ending December, recorded a growth rate of 8.9 per cent, up from a decline of 1.6 per cent...
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Budget could have done more for the Farm Sector: Agri experts
Several agri-experts, including noted scientist M S Swaminathan, today said the Budget 2011-12 did not address several important issues facing agriculture, although they welcomed some proposals as being pro-farm. Swaminathan, known as the father of the Green Revolution in India, said the Budget had several good proposals but it did not have a strategy to keep farmers on farm and attract youth in the agriculture sector. "It is unfortunate that in a...
More »Bonanza for farmers, to get loans at 4 per cent
In a bonanza to the farming community, the government on Monday announced loans at interest rate of four per cent -- three per cent less than market rate -- for farmers who pay their dues in time and raised the credit target for Farm Sector by Rs 1 lakh crore. "The existing interest subvention scheme of providing short-term crop loans at seven per cent interest rate will continue during the 2011-12...
More »‘Need for linking farmers directly to market’
A shift from the traditional rice-wheat cycle and linking farmers directly to the market can end the current stagnation in Farm Sector, according to the Economic Survey 2010-11 tabled in the Parliament on Friday.The survey stated that capital investment were required not only for farm productivity but also to create adequate infrastructure for transport, storage and distribution of agricultural produce. The stagnation is evident from the fact that whereas overall GDP...
More »Economic Survey 2011: Allow phased opening of FDI in multi-brand retail
The Economic Survey on Friday favoured a phased opening of foreign direct investments in multi-brand retail saying it could help address concerns of consumers and farmers, besides bringing technical know-how. Even as the debate over FDI continues, the survey said during 2011-12, projects worth Rs 24,143 crore are expected to be completed adding a capacity of 168.6 lakh square feet. "Permitting FDI in retail in a phased manner beginning with metros and...
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