-Business Standard Till date, government has procured over 27 million tonnes of wheat By all estimates, wheat procurement is expected to be around 30 million tonnes in 2017-18, short of the initial target of 33 million tonnes. Food Minister Ramvilas Paswan in an interview to Business Standard did estimate that final procurement figures could be around 30 million tonnes, but said that it won't have any impact on stocks as the purchases were...
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Rich-poor divide in India widening as economy grows: Report -Chetan Chauhan
-Hindustan Times A new report examining 25 years of India’s economic liberalisation says exclusion of a large section of Dalits and Muslims have not gained adequately from the growth unlike more influential empowered sections of the society As India’s economy grew rapidly, the inequality between the richest and the poorest rose, the number of landless Farmers increased and employment generation was lowest in 2015, says a new report examining 25 years...
More »Cotton sowing begins on strong note -Rutam Vora and Vishwanath Kulkarni
-The Hindu Business Line Farmers seen bringing more area under the fibre crop this year Ahmedabad / Bengaluru: Sowing of cotton has begun on a strong note in the key growing regions of North India such as Punjab and Haryana, and Southern Karnataka, for the 2017-18 season. Buoyed by the high prevailing prices, Farmers are seen bringing in a larger area under the fibre crop and the seed industry expects acreages this year...
More »Good news: Foodgrain output set to hit all-time high of 273 MT on back of good monsoon rains -Sandip Das
-The Financial Express Thanks to normal monsoon rains last year after two consecutive years of ‘deficient’ rainfall, India’s foodgrain production is estimated to touch an all-time high of 273.38 million tonne (MT) in the 2016-17 crop year (July-June), which is 8.7% more than the previous year. The previous record output was 265.04 MT in 2013-14. According to the third advance estimate released on Tuesday by agriculture ministry, the output of rice, wheat,...
More »No plan to tax agri income; rich Farmer very rare, says Arun Jaitley
-PTI Stating that the agriculture sector is under distress, he said farm holdings are very small in size Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous Farmers, saying a rich Farmer is “a very rare institution” and not the norm. In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income. NITI...
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