-Business Standard Govt procurement target fixed at 30 mt in 2016-17, a bit more than in ongoing season; rice buying would be 35 mt Despite rough weather, wheat output would rise a little over seven million tonnes (mt) in 2015-16, enabling an increase in overall foodgrain production of one mt over the previous year, official advance estimates showed on Monday. Production of wheat is estimated at 94 mt, from 86 mt in 2014-15....
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End of crop loan subsidy likely to heighten defaults, banks say -Namrata Acharya
-Business Standard But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans. RBI has suggested interest subvention on crop loans should be phased out,...
More »Warm winter worry for rabi produce -Dev Raj
-The Telegraph Patna: The warm winter that took Bihar by surprise could hit the rabi crop hard with experts estimating an over 13 per cent drop in agriculture production during the season. The fall in production, the experts fear, could lead to distress among farmers and also contribute to inflation in food grain, pulses and oilseeds. "We are estimating production of around 52 lakh tonnes of wheat this rabi season in the state....
More »Jharkhand’s waterman gets Padma Shri for waging war against drought -Sanjoy Dey
-Hindustan Times Ranchi: Better known as Jharkhand’s waterman, Simon Oraon had always been more popular among farmers in the district’s Bedo block than the country’s newspaper-reading public. But all that changed on Monday, when the President’s office announced that he would be given the coveted Padma Shri award for his contribution to environment conservation. Oraon, 83, has been waging a war against drought since the day he dropped out of school as...
More »Is new crop insurance panacea for all ills? -K Venkateshwarlu
-The Hindu Crop insurance has always been a knotty issue with the two previous ones, National Agricultural Insurance Scheme (NIAS) of 1999 and the Modified NAIS of 2010 failing to address the concerns. Hyderabad: Agriculture scientists, NGOs and farmer leaders have picked holes in the recently launched Pradhan Mantri Fasal Bhima Yojana (PMFBY) touted as the much-awaited ‘suraksha kavach’ (shield) and panacea for all crop insurance related ills. Crop insurance has always been...
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