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Oil slides after IMF says slowing global growth engines portend tougher 2023 -Florence Tan

-ThePrint.in IMF Managing Director Kristalina Georgieva said Sunday that US, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global economy. Singapore: Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude futures dropped 98 cents, or 1.1%, to...

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India's farm sector performance has improved over the years, shows latest FAO report

The World Food and Agriculture – Statistical Yearbook 2022, released in December 2022, provides its readers a plethora of useful statistics and data across the countries pertaining to agriculture and food security. The yearbook by Food and Agriculture Organization (FAO) primarily covers four themes -- Economic Dimensions of Agriculture; Production, Trade and prices of Commodities; Food Security and Nutrition; and Sustainability and Environmental Aspects of Agriculture.  While going through the report,...

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Paddy worth Rs 16,000 crore procured this season in Chhattisgarh -R Krishna Das

-Business Standard The paddy procurement process started in the state-run primary cooperative societies' 2,600 procurement centres from November 1 Raipur: Chhattisgarh is moving ahead to meet its paddy procurement target even as 70 per cent of it has been purchased from farmers. One of the few states in the country to procure paddy from farmers at minimum support price (MSP), Chhattisgarh has set a target to purchase 11 million tonnes (MT) during the...

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Restore ration entitlements axed by PMGKAY withdrawal: Right to Food campaign

- Press release by Right to Food campaign dated 30 December, 2022 The Right to Food campaign has demanded that the government should restore the grain entitlements granted under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). On 23 December, 2022 the Union government announced that it would discontinue the PMGKAY from 1 January, 2023, thus halving the ration entitlements of eligible people.  Under the National Food Security Act, 2013, (NFSA), all priority category ration cardholders...

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India’s food surpluses are marginal -Siraj Hussain

-Moneycontrol.com To become a reliable exporter, India needs to adopt climate-resilient technologies and a digital system of traceability of agricultural produce The success of the green revolution and the use of technology in agriculture made India a nation surplus in some crops. This enabled India to emerge as a large exporter of rice and sugar. In the following years, wheat was also exported, although Indian wheat was mostly uncompetitive in the global...

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