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India suffered income loss of $159 billion in key sectors due to extreme heat in 2021: Report

-PTI/ The Hindu Between 2016–2021, extreme events triggered by climate change caused damage to crops in over 36 million hectares, and a $3.75 billion loss for farmers in the country India suffered an income loss of $159 billion, 5.4% of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report.   Heat exposure in the country led to the loss...

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Bengal farmer earns 3 times less than Punjab counterpart: NABARD report

-IANS/Business Standard A recent report titled by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts. A recent report titled "Farmers' Welfare: An analysis across states of India," by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts. The...

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Empowering farmers is essential for the broad prosperity of India -Mansukh Mandaviya

-Livemint.com The government aims to achieve this through a new network of farm need fulfilment centres and a single brand of fertilizer Farmers have always been the backbone of India’s economy and the government led by Prime Minister Narendra Modi is striving to strengthen Indian farming through innovative and concrete measures in the fertilizer sector with the vision of ‘Sabka Saath, Sabka Vikas’. Structural changes in this sector are crucial for achieving this...

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Do not ignore the role of the woman livestock farmer -Madhura Swaminathan and Vijayamba R.

-The Hindu Further, women need to be included in all facets of livestock development — breeding, veterinary care, extension services, training or access to credit and markets The livestock sector is one of the most rapidly growing components of the rural economy of India, accounting for 5% of national income and 28% of agricultural GDP in 2018-19. In the last six years, the livestock sector grew at 7.9% (at constant prices) while...

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Why India Inc. is not taking a Hanuman leap -Pulapre Balakrishnan

-The Hindu The one lever that the government could have pulled as it watched private investment decline was to step up public investment In a meeting held with the country’s corporate leaders on September 15, Finance Minister Nirmala Sitharaman drew attention to an important aspect of the economy today. She rightly flagged concerns about sluggish corporate investment, despite the government’s business-friendly stance, including a reduction in the corporate tax. The reduction, effected...

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