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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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Forest Conservation Rules infringe upon land rights of tribespeople: ST panel chief

-The Hindu It is our duty to ‘caution government’ when its policies have potential to affect the rights of tribal people, says Harsh Chouhan, Chairperson of the National Commission for Scheduled Tribes It is the duty of the commission to “caution the government” when its policies have the potential to affect the well-being and rights of tribal people, Harsh Chouhan, Chairperson of the National Commission for Scheduled Tribes (NCST), told The Hindu...

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Valuable waste: NSO report shows cattle dung is more ‘precious’ than fodder -Prabhudatta Mishra

-The Hindu Business Line The gross value of output of dung increased 6.8% to ₹34,825.75 cr in 2019-20 from ₹32,598.91 cr in 2011-12 The gross value of output (GVO) of cattle dung estimated at ₹34,825.75 crore is more than the total value of the fodder that the cattle population consumes. Not only fodder but there are also 128 other items including maize, mustard, onion, potato, eggs, soyabean, tea, coffee and cashew nut...

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Will the government’s MSP calculations hold? -Roshan Kishore

-Hindustan Times There is good reason to ask whether the latest MSP hike will be enough to meet the government’s requirements. Open market prices of wheat are quite high and the government has already eaten into its excess stocks. The Union Cabinet announced the minimum support price (MSP) for wheat and other Rabi (winter) crops for the 2023-24 Rabi Marketing Season (RMS) on Tuesday. For wheat, the most important Rabi crop from...

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No ‘significant cuts’ expected in Budget Estimate for Central Ministries/Departments -Shishir Sinha

-The Hindu Business Line New accounting mechanism will help govt manage some savings; Revised Estimate for FY23 to be present in Budget for FY24 Initial indications from Inter-Ministerial meetings on the Budget show no significant cuts in allocations for various Ministries. It will be reflected in Revised Estimate (RE). Still, Finance Ministry could get high savings thanks to the new accounting mechanism. Inter-Ministerial meetings to finalise Revised Estimate for Fiscal Year 2022-23 and...

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