Page 6 - Agriculture Economy

Ripe for disruption: Here's a look at seeds of growth in agritech sector

Close to 55 per cent of the population still depends on agriculture for their livelihood.

Tech will help scale up reach of PMFBY with precision agriculture: Experts

Digitisation and technology will play a significant role in scaling up the reach and operations of the Pradhan Mantri Fasal Bima Yojana (PMFBY) with precision agriculture, experts said on Wednesday.

Three reasons why farm sector growth may be nearing its LPA in FY22

Farm Sector Growth: Swift progress of southwest monsoon, sharp surge in govt procurement and general uptrend in commodity prices this year could deliver better numbers

India's agriculture exports jump 17.34% to $41.25 billion in FY21

India is seeing growth in the export of cereals, non-basmati rice, wheat, millets, maize, and other coarse grains.

Most parts of India likely to get normal rainfall as IMD ups 2021 forecast

Prediction updated to factor in two weather systems that have a direct bearing on the performance of southwest monsoon.

Credit to MSMEs, agriculture rises; personal loans register 12.6% growth

Credit growth to agriculture and allied activities accelerated 11.3%, compared with 4.7% the previous year

The pluses and the potential pain points for farmers in the upcoming season

While the govt has moved fast on cash support and hike in fertiliser subsidy, the spike in rural Covid cases and tapering yields could hurt

New crop of agri-tech startups go beyond farm-to-fork to serve niche areas

Their initiatives span areas as diverse as sericulture and fisheries using niche solutions like IoT-based farm management and using AI to ensure freshness of produce

Ahead of kharif sowing season, govt allows free import of 3 types of pulses

Move aimed at controlling the spiralling prices of pulses; all consignments have to come by Nov 30, before the new local crops arrive

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

Five years of e-NaM: Fair price discovery, crop grading remain key issues

A high powered panel has found instances of manual data being fed into the system after the auction has ended

Monsoon to be 'normal' in 2021; East and Northeast may get less rain: IMD

A good rainy season will favour crops and the economy battling a second wave of coronavirus infections.

Summer crop acreage sees 15.34% growth over last year, shows data

Sowing for these crops largely starts around March and the crop is harvested in June to coincide with the advent of the southwest monsoon.

Double efforts for branding, marketing of agri products: Manoj Sinha

Jammu and Kashmir Lt Governor Manoj Sinha called upon stakeholders to double the efforts for the branding and marketing of local agriculture products

Slow growth in allied activities drags farm sector growth, say experts

Second advance estimates peg GVA in agri and allied activities to grow 3% in current fiscal year

Govt promoting agriculture sector by reforming laws: Narendra Tomar

Agriculture Minister Narendra Singh Tomar on Thursday said the government is promoting the agriculture sector through reforms in the laws which seeks to bring revolutionary changes. The government is focusing on the growth and strengthening of India's farming and rural sector, the minister said at an event organised by Asia Pacific Rural and Agricultural Credit Association and NABARD. Tomar also highlighted various steps taken by his government during the last six-and-half years to boost the agriculture sector and enhance farmers' income, according to a release issued by his ministry. He said the government transferred Rs 1.15 lakh crore directly into the bank accounts of nearly 10.75 crore farmers under the flagship PM KISAN programme. He said that the government was setting up 10,000 farmer producer organisations (FPO) with an outlay of Rs 6,865 crore. "Agriculture sector is being promoted through reforms in-laws. This is expected to bring revolutionary changes," Tomar said. He

States pull out a stock of sops and promises to woo the disgruntled farmer

What's on offer: Separate agricultural budgets, free water, stepped up direct transfers and a lot more

Rabi crop prices likely to decide course of ongoing farm protest

With farmers taking to the streets and a bumper crop expected, it is unlikely that there will be any let up in wheat procurement in the 2021-22 marketing season

Mounting cane dues add fodder to ongoing farmers' protest in western UP

It's a catch-22 for the Adityanath govt as no hike in sugarcane SAP for three straight years can worsen an already volatile situation, while an increase would have pushed cane dues up further

Understanding the zero-sum game of the new agriculture infra cess

While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain