India's agriculture and allied sector grew by 3.8 per cent in the first six months of the current fiscal, against one per cent in the year-ago period on the back of better Kharif crop output. According to the GDP data released by the Central Statistical Organisation (CSO) today, the country's farm sector grew by 2.5 per cent and 4.4 per cent each in the first two quarters of the current fiscal,...
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FCI to add 16 mn tonnes foodgrain storage capacity in 2 yrs
Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...
More »Steady rise in TPDS allocation because of higher production: FCI
While the National Advisory Council (NAC), Planning Commission and the Prime Minister Office are grappling over the proposed National Food Security Bill, the government has been steadily increasing allocation under the Targetted Public Distribution System (TPDS) during last many years. According to Siraj Hussain, chairman and managing director, Food Corporation of India (FCI), with the rise in procurement of wheat and rice by the corporation during last few years, more and...
More »Godown space crunch may hit procurement of paddy
Shortage of godowns for storing the kharif paddy is turning out to be a major issue, as millers expressed their inability to procure the commodity in the absence of adequate storage space. Chief Minister K. Rosaiah has convened an all-party meeting on Monday to elicit their views on procurement-related issues and brief them about the Government's preparedness to meet the farmers' rabi requirements. PM to be briefed A delegation of Congress leaders is...
More »Kharif acreage up by 6.9% this year
Last year, paddy cultivation suffered owing to drought in 399 districts during the same period Area under coarse cereals is also up by 2.91 per cent at 21.2 million hectares this year Thanks to good monsoon, the area under rice cultivation this kharif season has gone up by 6.4 per cent. Last year, paddy cultivation had suffered owing to drought in 399 districts during the same period. As per the official data released...
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