As many as eight farmers are reportedly dying by suicide everyday in Maharashtra. As many as 1,203 farmers took their lives ever since the Eknath Shinde government came to power, the Indian Express reported, quoting NCP leader and Leader of Opposition Ajit Pawar, while he was speaking at Maharashtra’s legislative assembly on March 10. “Farming in Maharashtra is under threat due to unseasonal rain, farm produce is unable to get a...
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Govt eyes $17 billion cut in food, Fertiliser subsidies in 2023/24
-Reuters/ Business Today The government aims to cut spending on food and Fertiliser subsidies to Rs 3.7 lakh crore ($44.6 billion) in the fiscal year from April, down 26% from this year, two government officials said, to rein in a fiscal deficit that ballooned during the COVID-19 pandemic. Food and Fertiliser subsidies alone account for about one-eighth of total budget spending of Rs 39.45 lakh crore this fiscal year, but reductions...
More »India set to sign deals to secure Fertiliser imports India -Zia Haq
-Hindustan Times Indian Fertiliser and chemical companies have also accelerated investments in several mineral rich North African nations so as to hedge against price spirals and volatility. New Delhi: India is on the verge of signing long-term deals with several countries to secure fertilizer imports, critical for food security amid increasing geopolitical uncertainties , a government official said, requesting anonymity. Union chemicals and Fertilisers minister Mansukh Mandaviya is set to travel to Morocco...
More »Climate change will likely exacerbate Indian rural household's debt burden
Editorial team, Carbon Copy Ongoing shifts in rainfall and temperature caused by climate change are likely to increase the debt burden faced by rural households, particularly of marginalised groups in dry areas, an editorial in Carbon Copy magazine said. The piece cited a study in the journal Climate Change that argues that changes in climate, along with existing socio-economic differences - caste and landholding in particular — will deepen the size...
More »Core sector output rises by 5.4% in November vs 3.2% YoY: Govt data
-PTI/ Business Standard Production of eight infrastructure sectors like coal, Fertiliser, steel, cement and electricity increased by 5.4% in Nov against a 3.2% growth in the same month last year, according to official data Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, Fertiliser, steel, cement and electricity segments, according to...
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