Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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Union Finance Minister Shri Arun Jaitley Holds Pre-Budget Consultation Meeting with the representatives of different Agriculture Groups
-Press Information Bureau/ Ministry of Finance The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that there is a need to conserve water, incentivize agro processing and promote balanced use of fertilizers in order to ensure higher agriculture productivity. The Finance Minister said that in order to achieve the goal of doubling the farmer’s income by 2022, there is need for better storage and marketing facilities for the...
More »Maharashtra: Can pledge loan scheme help tide over 'tur' crisis? -Abhiram Ghadyalpatil
-Livemint.com Experts say a government-sponsored pledge loan scheme could still help Maharashtra tide over the tur crisis and provide relief to farmers Could Maharashtra government and the Centre have mitigated Maharashtra’s tur (pigeon pea) crisis by facilitating and encouraging pledge loans? Yes, say farm sector experts, bankers, warehouse industry officials and former government officials. Pledge loans are loans secured by farmers from banks against their farm produce deposited at a warehouse. Timely government intervention...
More »How e-NAM can promote the warehousing sector -Sangeeta Nain
-The Hindu Business Line The recently launched e-NAM (National Agriculture Market) is targeted to be rolled out in 200 mandis across the nation on September 30, 2016. In recent years, the country has seen rising efforts by the government and private companies to unify agricultural markets. It is expected that participants across the nation will trade on the e-NAM platform and that the prices of agricultural produce will be determined based on...
More »Foodgrain godowns of 203.76 lakh MT to be constructed in 19 states
-Press Information Bureau (Ministry of Consumer Affairs, Food & Public Distribution) The Government has formulated a Private Entrepreneurs Guarantee (PEG) Scheme for creation of storage capacity mainly through Private Entrepreneurs, Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs)/State Agencies. Under this scheme, a capacity of 203.76 lakh MT has been approved for construction of godowns at various locations in 19 states. Out of this, tenders have been sanctioned for a...
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