-The Telegraph This year, a combination of factors is hurting the agriculture sector immensely A quiet, reverse transformation is happening in the countryside, and it is disconcerting. This sowing season, growing numbers of farmers are falling back on their bullocks as fuel prices are piercing the roof. The tractor, the symbol of modern farming, is becoming a luxury in the literal sense. The conventional ploughing equipment tied to bullocks costs only a...
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Govt cuts import duty on crude palm oil to lower retail edible oil prices
-PTI/ The Hindu Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein. The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market. The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10%...
More »Save water: We need a lot of blue to stay green -Niraj Kumar and Sagarika Mishra
-The Financial Express According to a study, by 2025, agricultural productivity is likely to fall by 68 percent in more than one-third of India's districts that are currently under water stress. The covid-19 pandemic’s impact on the country’s economy has been colossal. Nevertheless, Indian agriculture to date has resisted the onslaught. Though in the FY 2020-21, India’s GDP contracted by 7.7 percent, including negative growth in industry and services agriculture delivered a...
More »Economy Tumbles, 1 Crore Jobs Lost Since January -Subodh Varma
-Newsclick.in The pandemic has heightened an already simmering economic crisis – and the worst is still to come. The number of employed persons in India plummeted from about 40 crore in January to 39 crore in April 2021. That’s a loss of one crore employed persons, one of the steepest falls ever in four months, barring the brutal devastation caused by last year’s complete countrywide lockdown in April-May 2020. This emerges from...
More »Punjab: Farmers allege arhtiyas demanding ‘signed blank cheques’ to facilitate procurement -Anju Agnihotri Chaba
-The Indian Express An arhtiya from Khanna Mandi said that they are taking blank cheques from farmers as a security, adding that both arhtiyas and farmers know that during every procurement season only pre-decided amount would be deducted. Jalandhar: Just when he was ready to harvest his standing wheat crop and ship it to the mandi, farmer Nihal Singh (name changed) from Bathinda’s Baluana village was thrown off balance by an unlikely...
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