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Costly wheat and the cloud over our daily bread - Sayantan Bera

Wheat prices have stayed stubborny high in India, despite several steps by the government including an export ban and announcing open market prices. - Mint Official figures show that daily retail wheat flour (atta) prices as on 1 February were 22% higher year on year, while wholesale prices were 31% higher. Wheat prices have been inching up through 2022 after a heat wave cut production and pushed the government to ban exports...

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Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to Farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

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India's wheat output may set new record of over 112 lakh tonnes in 2022-23 - PTI/Economic Times

The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), government officials told Press Trust of India. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in the 2021-22 crop year, as per agriculture ministry data. In 2020-21, the country had achieved a record wheat output of 109.59 million tonnes....

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Scientists to ICAR: Revoke GM mustard ‘gag order’ - G.S. Mudur

The Telegraph Over 60 scientists have signed a statement accusing the Indian Council of Agriculture Research of trying to ‘silence the voices’ of public sector scientists Sections of scientists on Monday asked India’s apex agricultural research agency to revoke what they described as a “gag order” intended to prevent former government researchers from articulating concerns about genetically modified mustard. Over 60 scientists have signed a statement accusing the Indian Council of Agriculture...

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Can India’s production incentive scheme transform the economy as the SEZ push did for China? -Siddhant Bajpai

-Scroll.in The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme. On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive...

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